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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWN
851
DELISTED
Southwestern Energy Company
SWN
$996K 0.01%
188,000
+1,700
+0.9% +$7.87K
CADE
852
DELISTED
Cadence Bank
CADE
$995K 0.01%
30,200
-400
-1% -$13.4K
AAN.A
853
DELISTED
The Aaron's Company Inc Class A
AAN.A
$991K 0.01%
22,800
+300
+1% +$13K
NUVA
854
DELISTED
NuVasive, Inc.
NUVA
$985K 0.01%
18,900
+200
+1% +$10.5K
MTX icon
855
Minerals Technologies
MTX
$2.34B
$978K 0.01%
12,980
+100
+0.8% +$7.21K
SM icon
856
SM Energy
SM
$6.87B
$971K 0.01%
37,800
+400
+1% +$9.35K
LNW
857
DELISTED
Light & Wonder
LNW
$968K 0.01%
19,700
+400
+2% +$21.1K
HELE icon
858
Helen of Troy
HELE
$693M
$965K 0.01%
9,800
– –
SAM icon
859
Boston Beer
SAM
$1.92B
$959K 0.01%
3,200
– –
SYNH
860
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$957K 0.01%
20,400
-100
-0.5% -$4.14K
TDS icon
861
Telephone and Data Systems
TDS
$3.75B
$939K 0.01%
34,236
+500
+1% +$13.5K
GHC icon
862
Graham Holdings Company
GHC
$5.02B
$938K 0.01%
1,600
-100
-6% -$60K
POLY
863
DELISTED
Plantronics, Inc.
POLY
$938K 0.01%
12,300
+200
+2% +$13.8K
GVA icon
864
Granite Construction
GVA
$5.62B
$932K 0.01%
16,745
+2,200
+15% +$124K
PAY
865
DELISTED
Verifone Systems Inc
PAY
$931K 0.01%
40,800
+600
+1% +$13.3K
KBR icon
866
KBR
KBR
$4.8B
$929K 0.01%
51,842
+700
+1% +$12.2K
OII icon
867
Oceaneering
OII
$4.77B
$924K 0.01%
36,300
+400
+1% +$8.95K
BDC icon
868
Belden
BDC
$5.19B
$917K 0.01%
15,000
-300
-2% -$18.4K
TPH
869
DELISTED
Tri Pointe Homes
TPH
$916K 0.01%
56,000
+900
+2% +$15.3K
CMC icon
870
Commercial Metals
CMC
$8.31B
$910K 0.01%
43,100
+600
+1% +$13.4K
CRS icon
871
Carpenter Technology
CRS
$28.4B
$909K 0.01%
17,300
+200
+1% +$10.8K
AHL
872
DELISTED
ASPEN Insurance Holding Limited
AHL
$895K 0.01%
22,000
+300
+1% +$12.9K
JACK icon
873
Jack in the Box
JACK
$335M
$894K 0.01%
10,500
-300
-3% -$25.9K
UE icon
874
Urban Edge Properties
UE
$2.73B
$892K 0.01%
39,000
+400
+1% +$8.54K
CPE
875
DELISTED
Callon Petroleum Company
CPE
$887K 0.01%
8,260
+900
+12% +$112K
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 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.