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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
+3.07%
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
$13.2B
AUM Growth
+$301M
Cap. Flow
-$9.45M
Cap. Flow %
-0.07%
Top 10 Hldgs %
24.67%
Holding
966
New
21
Increased
601
Reduced
225
Closed
18

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$45.3M
2
AGNC icon
AGNC Investment
AGNC
+$33.4M
3
XYZ
Block Inc
XYZ
+$32.9M
4
SYK icon
Stryker
SYK
+$30.9M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$24.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$69.5M
2
HD icon
Home Depot
HD
+$42.6M
3
HON icon
Honeywell
HON
+$37.5M
4
NVDA icon
NVIDIA
NVDA
+$31.5M
5
TJX icon
TJX Companies
TJX
+$25.1M

Sector Composition

Rank Sector Weight
1 Financials 20.56%
2 Healthcare 13.97%
3 Technology 13.7%
4 Communication Services 10.64%
5 Industrials 8.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRE
851
DELISTED
Veris Residential
VRE
$1M 0.01%
37,000
+500
+1% +$13.7K
QEP
852
DELISTED
QEP RESOURCES, INC.
QEP
$1M 0.01%
99,100
+1,700
+2% +$18.4K
UFS
853
DELISTED
DOMTAR CORPORATION (New)
UFS
$991K 0.01%
25,800
+400
+2% +$15K
GMED icon
854
Globus Medical
GMED
$10.8B
$988K 0.01%
29,800
+600
+2% +$18.8K
WOLF icon
855
Wolfspeed
WOLF
$1.48B
$988K 0.01%
40,100
+500
+1% +$12K
SLGN icon
856
Silgan Holdings
SLGN
$4.45B
$984K 0.01%
30,962
+500
+2% +$15.4K
MZTI
857
The Marzetti Company
MZTI
$3.05B
$983K 0.01%
8,020
+100
+1% +$12.5K
KATE
858
DELISTED
Kate Spade & Company
KATE
$978K 0.01%
52,900
+800
+2% +$14.7K
WLY icon
859
John Wiley & Sons Class A
WLY
$2.74B
$976K 0.01%
+18,500
New +$967K
CVLT icon
860
Commault Systems
CVLT
$5.5B
$971K 0.01%
17,200
+200
+1% +$10.9K
UE icon
861
Urban Edge Properties
UE
$2.73B
$968K 0.01%
40,800
+3,500
+9% +$88K
GPOR
862
DELISTED
Gulfport Energy Corp.
GPOR
$968K 0.01%
65,600
+1,100
+2% +$16.8K
NBR icon
863
Nabors Industries
NBR
$1.23B
$959K 0.01%
2,357
+38
+2% +$19.1K
MDRX
864
DELISTED
Veradigm Inc. Common Stock
MDRX
$954K 0.01%
74,800
+1,500
+2% +$18.2K
CAR icon
865
Avis
CAR
$4.84B
$946K 0.01%
34,700
-200
-0.6% -$5.15K
CHDN icon
866
Churchill Downs
CHDN
$6.1B
$935K 0.01%
30,600
+600
+2% +$17K
CMC icon
867
Commercial Metals
CMC
$8.45B
$927K 0.01%
47,700
+700
+1% +$13K
CAKE icon
868
Cheesecake Factory
CAKE
$5.3B
$925K 0.01%
18,399
+400
+2% +$23.6K
OII icon
869
Oceaneering
OII
$4.9B
$925K 0.01%
40,500
+700
+2% +$17.8K
CCP
870
DELISTED
Care Capital Properties, Inc.
CCP
$924K 0.01%
34,600
+400
+1% +$10.8K
CVG
871
DELISTED
Convergys
CVG
$923K 0.01%
38,800
+400
+1% +$9.31K
VSH icon
872
Vishay Intertechnology
VSH
$5.22B
$917K 0.01%
55,252
+800
+1% +$13.1K
ENDP
873
DELISTED
Endo International plc
ENDP
$915K 0.01%
81,900
+1,300
+2% +$15.3K
WBMD
874
DELISTED
WebMD Health Corp.
WBMD
$914K 0.01%
15,585
+300
+2% +$16.7K
CMP icon
875
Compass Minerals
CMP
$1.06B
$908K 0.01%
13,900
+200
+1% +$13.3K
33 34
35
36 37

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 Q2 2017 Portfolio in Review

As of Q2 2017, State of Michigan Retirement System held 966 positions worth $13.2B, up 2.3% from $12.9B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q2 2017: portfolio turnover was 4%. State of Michigan Retirement System opened 21 new positions and exited 18, leaving the 966-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2017 buy was AGNC Investment: 1,609,500 shares worth $34.3M.
  • State of Michigan Retirement System added most to CVS Health in Q2 2017, an estimated $45.3M increase.
  • State of Michigan Retirement System's biggest Q2 2017 reduction was Apple, cutting an estimated $69.5M.
  • State of Michigan Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $13.4M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $13.2B portfolio in Q2 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 18 in Q2 2017.
  • State of Michigan Retirement System's portfolio value rose 2.3% quarter-over-quarter to $13.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2017, filed 19 Jul 2017.