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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+0.33%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.4B
AUM Growth
-$256M
Cap. Flow
-$114M
Cap. Flow %
-0.92%
Top 10 Hldgs %
22.57%
Holding
956
New
17
Increased
679
Reduced
171
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$119M
2
AGNC icon
AGNC Investment
AGNC
+$85.4M
3
EXC icon
Exelon
EXC
+$81.7M
4
XYZ
Block Inc
XYZ
+$52.6M
5
MTGE
MTGE Investment Corp. Common Stock
MTGE
+$38.9M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$266M
2
VZ icon
Verizon
VZ
+$189M
3
VR
Validus Hold Ltd
VR
+$141M
4
PG icon
Procter & Gamble
PG
+$91.3M
5
CELG
Celgene Corp
CELG
+$32.3M

Sector Composition

Rank Sector Weight
1 Financials 18.14%
2 Technology 16.4%
3 Healthcare 14.86%
4 Communication Services 8.71%
5 Consumer Discretionary 8.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUVA
826
DELISTED
NuVasive, Inc.
NUVA
$976K 0.01%
18,700
+400
+2% +$20.3K
CPE
827
DELISTED
Callon Petroleum Company
CPE
$974K 0.01%
7,360
+110
+2% +$12.9K
UFS
828
DELISTED
DOMTAR CORPORATION (New)
UFS
$974K 0.01%
22,900
+400
+2% +$18.8K
CADE
829
DELISTED
Cadence Bank
CADE
$973K 0.01%
30,600
+400
+1% +$13.2K
AHL
830
DELISTED
ASPEN Insurance Holding Limited
AHL
$973K 0.01%
21,700
+300
+1% +$11.8K
NWE icon
831
NorthWestern Energy
NWE
$4.43B
$968K 0.01%
18,000
+500
+3% +$26.5K
RRC icon
832
Range Resources
RRC
$8.95B
$968K 0.01%
66,607
+400
+0.6% +$5.98K
EPC icon
833
Edgewell Personal Care
EPC
$1.31B
$959K 0.01%
19,644
-500
-2% -$26.9K
BYD icon
834
Boyd Gaming
BYD
$6.06B
$953K 0.01%
+29,900
New +$1.07M
CDP icon
835
COPT Defense Properties
CDP
$4.21B
$953K 0.01%
36,900
+1,100
+3% +$29.1K
GATX icon
836
GATX Corp
GATX
$6.27B
$951K 0.01%
13,890
+100
+0.7% +$6.83K
TDS icon
837
Telephone and Data Systems
TDS
$3.75B
$946K 0.01%
33,736
+800
+2% +$21.7K
CRUS icon
838
Cirrus Logic
CRUS
$6.26B
$939K 0.01%
23,100
+200
+0.9% +$9.29K
CPAY icon
839
Corpay
CPAY
$25.7B
$932K 0.01%
4,600
– –
AMCX icon
840
AMC Global Media
AMCX
$489M
$928K 0.01%
17,950
-200
-1% -$10.4K
IDCC icon
841
InterDigital
IDCC
$8.89B
$927K 0.01%
12,600
+100
+0.8% +$7.66K
GEO icon
842
The GEO Group
GEO
$4.04B
$926K 0.01%
45,250
+700
+2% +$15.2K
JACK icon
843
Jack in the Box
JACK
$335M
$922K 0.01%
10,800
+200
+2% +$17.9K
TREE icon
844
LendingTree
TREE
$451M
$919K 0.01%
+2,800
New +$1.01M
CLH icon
845
Clean Harbors
CLH
$16.3B
$913K 0.01%
18,700
+100
+0.5% +$5.24K
TPH
846
DELISTED
Tri Pointe Homes
TPH
$905K 0.01%
55,100
+1,000
+2% +$17.2K
EDR
847
DELISTED
Education Realty Trust Inc
EDR
$904K 0.01%
27,600
+400
+1% +$12.9K
TUP
848
DELISTED
Tupperware Brands Corporation
TUP
$899K 0.01%
18,587
+300
+2% +$16.4K
VSH icon
849
Vishay Intertechnology
VSH
$5.43B
$896K 0.01%
48,152
+800
+2% +$16K
TGNA
850
DELISTED
TEGNA Inc
TGNA
$895K 0.01%
78,600
+1,300
+2% +$17.8K
32 33
34
35 36

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q1 2018 Portfolio in Review

As of Q1 2018, State of Michigan Retirement System held 956 positions worth $12.4B, down 2% from $12.7B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2018: portfolio turnover was 3.5%. State of Michigan Retirement System opened 17 new positions and exited 16, leaving the 956-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2018 buy was MTGE Investment Corp. Common Stock: 2,200,000 shares worth $39.4M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q1 2018, an estimated $119M increase.
  • State of Michigan Retirement System's biggest Q1 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $266M.
  • State of Michigan Retirement System fully exited Validus Hold Ltd in Q1 2018, selling an estimated $141M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q1 2018.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q1 2018.
  • State of Michigan Retirement System's portfolio value fell 2% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q1 2018, filed 8 May 2018.