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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
QCP
901
DELISTED
Quality Care Properties, Inc.
QCP
$747K 0.01%
34,733
+500
+1% +$10.5K
MDP
902
DELISTED
Meredith Corporation
MDP
$745K 0.01%
14,600
+200
+1% +$10.2K
MLKN icon
903
MillerKnoll
MLKN
$1.67B
$743K 0.01%
21,930
+200
+0.9% +$6.61K
BID
904
DELISTED
Sotheby's
BID
$735K 0.01%
13,527
– –
SLGN icon
905
Silgan Holdings
SLGN
$4.41B
$731K 0.01%
27,262
+300
+1% +$8.24K
GPOR
906
DELISTED
Gulfport Energy Corp.
GPOR
$724K 0.01%
57,600
-2,500
-4% -$25.8K
SBH icon
907
Sally Beauty Holdings
SBH
$1.58B
$721K 0.01%
45,000
-600
-1% -$9.54K
INVX
908
Innovex International
INVX
$1.97B
$720K 0.01%
14,000
+100
+0.7% +$4.66K
ESL
909
DELISTED
Esterline Technologies
ESL
$701K 0.01%
9,500
– –
LPNT
910
DELISTED
LifePoint Health, Inc.
LPNT
$698K 0.01%
14,300
+100
+0.7% +$5.18K
DDS icon
911
Dillards
DDS
$9.56B
$690K 0.01%
7,300
-200
-3% -$16.3K
RDC
912
DELISTED
Rowan Companies Plc
RDC
$683K 0.01%
42,100
+700
+2% +$10.5K
PDCO
913
DELISTED
Patterson Companies, Inc.
PDCO
$680K 0.01%
30,000
+300
+1% +$6.76K
VRE
914
DELISTED
Veris Residential
VRE
$673K 0.01%
33,200
+300
+0.9% +$5.53K
WOR icon
915
Worthington Enterprises
WOR
$2.86B
$666K 0.01%
25,754
-162
-0.6% -$4.58K
BIG
916
DELISTED
Big Lots, Inc.
BIG
$648K 0.01%
15,500
+200
+1% +$8.4K
SYNA icon
917
Synaptics
SYNA
$4.15B
$640K 0.01%
12,700
+100
+0.8% +$4.54K
TREE icon
918
LendingTree
TREE
$451M
$620K ﹤0.01%
2,900
+100
+4% +$27.7K
WERN icon
919
Werner Enterprises
WERN
$2.25B
$619K ﹤0.01%
16,475
+100
+0.6% +$3.72K
MCY icon
920
Mercury Insurance
MCY
$6.07B
$615K ﹤0.01%
13,500
+200
+2% +$9.42K
HNI icon
921
HNI Corp
HNI
$3.59B
$597K ﹤0.01%
16,040
+300
+2% +$11K
PBI icon
922
Pitney Bowes
PBI
$2.39B
$592K ﹤0.01%
69,100
+1,000
+1% +$9.65K
ALEX
923
DELISTED
Alexander & Baldwin
ALEX
$586K ﹤0.01%
24,939
+300
+1% +$6.67K
AKRX
924
DELISTED
Akorn Inc
AKRX
$574K ﹤0.01%
34,600
+400
+1% +$6.14K
NWS icon
925
News Corp Class B
NWS
$17.5B
$571K ﹤0.01%
36,044
+200
+0.6% +$3.22K
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 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.