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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
UAA icon
851
Under Armour
UAA
$2.6B
$892K 0.01%
54,556
+300
+0.6% +$4.69K
MZTI
852
The Marzetti Company
MZTI
$3.11B
$877K 0.01%
7,120
+100
+1% +$12.3K
KBH icon
853
KB Home
KBH
$3.59B
$876K 0.01%
30,800
+500
+2% +$15.6K
CMC icon
854
Commercial Metals
CMC
$8.31B
$870K 0.01%
42,500
+900
+2% +$21.8K
CVLT icon
855
Commault Systems
CVLT
$5.61B
$869K 0.01%
15,200
-200
-1% -$10.8K
SAFM
856
DELISTED
Sanderson Farms Inc
SAFM
$869K 0.01%
7,300
+100
+1% +$12.7K
MTX icon
857
Minerals Technologies
MTX
$2.34B
$862K 0.01%
12,880
+200
+2% +$14.3K
QEP
858
DELISTED
QEP RESOURCES, INC.
QEP
$860K 0.01%
87,800
+1,200
+1% +$11.3K
HELE icon
859
Helen of Troy
HELE
$693M
$853K 0.01%
9,800
– –
SIG icon
860
Signet Jewelers
SIG
$3.76B
$847K 0.01%
22,000
+4,256
+24% +$211K
CXW icon
861
CoreCivic
CXW
$3.19B
$842K 0.01%
43,112
+600
+1% +$13K
MUSA icon
862
Murphy USA
MUSA
$9.61B
$839K 0.01%
11,525
-100
-0.9% -$7.81K
NTCT icon
863
NETSCOUT
NTCT
$2.79B
$838K 0.01%
31,800
+500
+2% +$13.6K
EVOK
864
DELISTED
Evoke Pharma
EVOK
$832K 0.01%
2,778
– –
KBR icon
865
KBR
KBR
$4.8B
$828K 0.01%
51,142
+800
+2% +$14.5K
UE icon
866
Urban Edge Properties
UE
$2.73B
$824K 0.01%
38,600
+600
+2% +$13.4K
MDRX
867
DELISTED
Veradigm Inc. Common Stock
MDRX
$814K 0.01%
65,900
+1,000
+2% +$14.2K
GVA icon
868
Granite Construction
GVA
$5.62B
$812K 0.01%
14,545
+200
+1% +$12.3K
SWN
869
DELISTED
Southwestern Energy Company
SWN
$807K 0.01%
186,300
+2,100
+1% +$9.43K
NBR icon
870
Nabors Industries
NBR
$1.21B
$804K 0.01%
2,299
+150
+7% +$54.6K
LNW
871
DELISTED
Light & Wonder
LNW
$803K 0.01%
+19,300
New +$903K
MIK
872
DELISTED
Michaels Stores, Inc
MIK
$794K 0.01%
40,300
+600
+2% +$14.4K
UNFI icon
873
United Natural Foods
UNFI
$2.85B
$790K 0.01%
18,400
+100
+0.5% +$4.52K
AVNS
874
DELISTED
Avanos Medical
AVNS
$789K 0.01%
17,120
+300
+2% +$14.2K
THS
875
DELISTED
Treehouse Foods
THS
$788K 0.01%
20,600
– –
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 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.