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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
WDR
951
DELISTED
Waddell & Reed Financial, Inc.
WDR
– –
-34,200
Closed -$581K
NE
952
DELISTED
Noble Corporation
NE
– –
-99,400
Closed -$615K
JCP
953
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-125,240
Closed -$771K
TIME
954
DELISTED
Time Inc.
TIME
– –
-40,337
Closed -$781K
CST
955
DELISTED
CST Brands, Inc.
CST
– –
-30,784
Closed -$1.48M
PVTB
956
DELISTED
PrivateBancorp Inc
PVTB
– –
-32,500
Closed -$1.93M
YHOO
957
DELISTED
Yahoo Inc
YHOO
– –
-288,335
Closed -$13.4M
MJN
958
DELISTED
Mead Johnson Nutrition Company
MJN
– –
-60,241
Closed -$5.37M
VAL
959
DELISTED
Valspar
VAL
– –
-29,700
Closed -$3.29M
JNS
960
DELISTED
Janus Capital Group Inc
JNS
– –
-58,400
Closed -$771K
BEAV
961
DELISTED
B/E Aerospace Inc
BEAV
– –
-41,200
Closed -$2.64M
JOY
962
DELISTED
Joy Global Inc
JOY
– –
-40,474
Closed -$1.14M
CEB
963
DELISTED
CEB Inc.
CEB
– –
-13,100
Closed -$1.03M
CSC
964
DELISTED
Computer Sciences
CSC
– –
-57,400
Closed -$3.96M
WNR
965
DELISTED
Western Refining Inc
WNR
– –
-32,200
Closed -$1.13M
WWAV
966
DELISTED
The WhiteWave Foods Company
WWAV
– –
-72,034
Closed -$4.04M
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.