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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
BIG
901
DELISTED
Big Lots, Inc.
BIG
$666K 0.01%
15,300
– –
QCP
902
DELISTED
Quality Care Properties, Inc.
QCP
$665K 0.01%
34,233
+500
+1% +$7.46K
PDCO
903
DELISTED
Patterson Companies, Inc.
PDCO
$660K 0.01%
29,700
+5,562
+23% +$173K
RAMP icon
904
LiveRamp
RAMP
$2.3B
$656K 0.01%
28,900
+400
+1% +$11.4K
PBH icon
905
Prestige Consumer Healthcare
PBH
$2.6B
$651K 0.01%
19,300
+200
+1% +$7.67K
AKRX
906
DELISTED
Akorn Inc
AKRX
$640K 0.01%
34,200
+500
+1% +$13.6K
INVX
907
Innovex International
INVX
$1.97B
$623K 0.01%
13,900
+300
+2% +$14.7K
PAY
908
DELISTED
Verifone Systems Inc
PAY
$618K 0.01%
40,200
-100
-0.2% -$1.75K
MCY icon
909
Mercury Insurance
MCY
$6.07B
$610K ﹤0.01%
13,300
+200
+2% +$9.53K
EAT icon
910
Brinker International
EAT
$9.66B
$609K ﹤0.01%
16,877
+200
+1% +$7.27K
WKC icon
911
World Kinect Corp
WKC
$1.86B
$606K ﹤0.01%
24,700
+400
+2% +$10.3K
SAM icon
912
Boston Beer
SAM
$1.92B
$605K ﹤0.01%
3,200
+100
+3% +$18.4K
DDS icon
913
Dillards
DDS
$9.56B
$603K ﹤0.01%
7,500
-100
-1% -$7.22K
WERN icon
914
Werner Enterprises
WERN
$2.25B
$598K ﹤0.01%
16,375
+300
+2% +$11.7K
GPOR
915
DELISTED
Gulfport Energy Corp.
GPOR
$580K ﹤0.01%
60,100
+900
+2% +$9.59K
NWS icon
916
News Corp Class B
NWS
$17.5B
$577K ﹤0.01%
35,844
+100
+0.3% +$1.68K
SYNA icon
917
Synaptics
SYNA
$4.15B
$576K ﹤0.01%
12,600
+400
+3% +$18.2K
ALEX
918
DELISTED
Alexander & Baldwin
ALEX
$570K ﹤0.01%
24,639
+8,019
+48% +$201K
HNI icon
919
HNI Corp
HNI
$3.59B
$568K ﹤0.01%
15,740
+100
+0.6% +$3.82K
VRE
920
DELISTED
Veris Residential
VRE
$550K ﹤0.01%
32,900
+600
+2% +$11.3K
CTB
921
DELISTED
Cooper Tire & Rubber Co.
CTB
$542K ﹤0.01%
18,500
+100
+0.5% +$3.5K
GNW icon
922
Genworth Financial
GNW
$3.71B
$510K ﹤0.01%
180,200
+750
+0.4% +$2.25K
PZZA icon
923
Papa John's
PZZA
$806M
$510K ﹤0.01%
8,900
-300
-3% -$18K
GEF icon
924
Greif
GEF
$5.04B
$491K ﹤0.01%
9,400
+100
+1% +$5.65K
RDC
925
DELISTED
Rowan Companies Plc
RDC
$478K ﹤0.01%
41,400
+600
+1% +$8.24K
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 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.