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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
UA icon
876
Under Armour Class C
UA
$2.53B
$779K 0.01%
54,299
+300
+0.6% +$4.23K
MDP
877
DELISTED
Meredith Corporation
MDP
$775K 0.01%
14,400
+200
+1% +$11.9K
IBOC icon
878
International Bancshares
IBOC
$4.57B
$770K 0.01%
19,800
+300
+2% +$12.2K
TRMK icon
879
Trustmark
TRMK
$2.75B
$770K 0.01%
24,700
+400
+2% +$12.9K
SGI
880
Somnigroup International
SGI
$13.7B
$761K 0.01%
67,200
+800
+1% +$11K
SKT icon
881
Tanger
SKT
$4.52B
$759K 0.01%
34,500
+500
+1% +$11.7K
CVG
882
DELISTED
Convergys
CVG
$756K 0.01%
33,400
+200
+0.6% +$4.58K
CRS icon
883
Carpenter Technology
CRS
$28.4B
$754K 0.01%
17,100
+300
+2% +$15.1K
CAKE icon
884
Cheesecake Factory
CAKE
$5.33B
$752K 0.01%
15,599
+300
+2% +$14.4K
SLGN icon
885
Silgan Holdings
SLGN
$4.41B
$751K 0.01%
26,962
+400
+2% +$11.5K
SBH icon
886
Sally Beauty Holdings
SBH
$1.58B
$750K 0.01%
45,600
-600
-1% -$10.3K
CMP icon
887
Compass Minerals
CMP
$1.15B
$742K 0.01%
12,300
+100
+0.8% +$6.72K
PBI icon
888
Pitney Bowes
PBI
$2.39B
$742K 0.01%
68,100
+1,000
+1% +$12.4K
CARS icon
889
Cars.com
CARS
$660M
$739K 0.01%
26,099
+400
+2% +$11.7K
POLY
890
DELISTED
Plantronics, Inc.
POLY
$730K 0.01%
12,100
+200
+2% +$11.2K
SYNH
891
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$728K 0.01%
+20,500
New +$803K
THC icon
892
Tenet Healthcare
THC
$21.1B
$715K 0.01%
29,500
+500
+2% +$9.96K
ESV
893
DELISTED
Ensco Rowan plc
ESV
$698K 0.01%
39,725
+550
+1% +$12.1K
ESL
894
DELISTED
Esterline Technologies
ESL
$695K 0.01%
9,500
– –
MLKN icon
895
MillerKnoll
MLKN
$1.67B
$694K 0.01%
21,730
+200
+0.9% +$7.57K
BID
896
DELISTED
Sotheby's
BID
$694K 0.01%
13,527
+100
+0.7% +$5.09K
WOR icon
897
Worthington Enterprises
WOR
$2.86B
$686K 0.01%
25,916
-163
-0.6% -$4.57K
SM icon
898
SM Energy
SM
$6.87B
$674K 0.01%
37,400
+500
+1% +$10.8K
LPNT
899
DELISTED
LifePoint Health, Inc.
LPNT
$667K 0.01%
14,200
– –
OII icon
900
Oceaneering
OII
$4.77B
$666K 0.01%
35,900
+600
+2% +$12K
34 35
36
37 38

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.