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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
ALEX
901
DELISTED
Alexander & Baldwin
ALEX
$787K 0.01%
19,020
+300
+2% +$12.8K
CTB
902
DELISTED
Cooper Tire & Rubber Co.
CTB
$787K 0.01%
21,800
+400
+2% +$15.4K
CARS icon
903
Cars.com
CARS
$632M
$786K 0.01%
+29,499
New +$795K
PZZA icon
904
Papa John's
PZZA
$833M
$782K 0.01%
10,900
+100
+0.9% +$7.91K
GNW icon
905
Genworth Financial
GNW
$3.72B
$775K 0.01%
205,650
+3,100
+2% +$11.8K
KMPR icon
906
Kemper
KMPR
$1.72B
$774K 0.01%
20,050
+300
+2% +$11.8K
EAT icon
907
Brinker International
EAT
$9.6B
$769K 0.01%
20,177
+300
+2% +$12.5K
UNFI icon
908
United Natural Foods
UNFI
$2.91B
$767K 0.01%
20,900
+300
+1% +$12K
NSR
909
DELISTED
Neustar Inc
NSR
$766K 0.01%
22,960
+600
+3% +$19.9K
PCH
910
DELISTED
PotlatchDeltic
PCH
$765K 0.01%
16,741
+300
+2% +$13.8K
ATI icon
911
ATI
ATI
$31.8B
$764K 0.01%
44,900
+700
+2% +$11.8K
INVX
912
Innovex International
INVX
$2.19B
$761K 0.01%
15,600
+200
+1% +$10.3K
AVNS
913
DELISTED
Avanos Medical
AVNS
$755K 0.01%
19,220
+300
+2% +$11.3K
MLKN icon
914
MillerKnoll
MLKN
$1.62B
$749K 0.01%
24,630
+300
+1% +$9.56K
SYNA icon
915
Synaptics
SYNA
$4.06B
$729K 0.01%
14,100
-300
-2% -$16.4K
HNI icon
916
HNI Corp
HNI
$3.52B
$723K 0.01%
18,140
+300
+2% +$13.1K
CRS icon
917
Carpenter Technology
CRS
$29B
$722K 0.01%
19,300
+300
+2% +$11.1K
POLY
918
DELISTED
Plantronics, Inc.
POLY
$722K 0.01%
13,800
+300
+2% +$16.2K
DNOW icon
919
DNOW Inc
DNOW
$2.84B
$714K 0.01%
44,427
+800
+2% +$13.6K
QCP
920
DELISTED
Quality Care Properties, Inc.
QCP
$707K 0.01%
38,633
+600
+2% +$10.8K
AVP
921
DELISTED
Avon Products, Inc.
AVP
$689K 0.01%
181,355
+3,400
+2% +$13.3K
URBN icon
922
Urban Outfitters
URBN
$6.72B
$675K 0.01%
36,400
+500
+1% +$10.3K
SM icon
923
SM Energy
SM
$7.02B
$668K 0.01%
40,400
+600
+2% +$11.9K
CPAY icon
924
Corpay
CPAY
$25.9B
$663K 0.01%
4,600
– –
SPN
925
DELISTED
Superior Energy Services, Inc.
SPN
$657K 0.01%
6,300
+90
+1% +$10.5K
35 36
37
38 39

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.