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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
EMR icon
76
Emerson Electric
EMR
$92.2B
$39.5M 0.3%
663,123
-100
-0% -$5.93K
PPG icon
77
PPG Industries
PPG
$26.3B
$37.6M 0.28%
342,368
-300
-0.1% -$32.5K
TXN icon
78
Texas Instruments
TXN
$254B
$37.6M 0.28%
488,718
-900
-0.2% -$72.1K
XYZ
79
Block Inc
XYZ
$50.2B
$37.3M 0.28%
+1,590,000
New +$32.9M
BA icon
80
Boeing
BA
$188B
$36.5M 0.28%
184,450
-2,600
-1% -$484K
RAI
81
DELISTED
Reynolds American Inc
RAI
$36.2M 0.27%
557,114
+300
+0.1% +$19.6K
VLO icon
82
Valero Energy
VLO
$87.6B
$34.7M 0.26%
514,176
-1,200
-0.2% -$77.8K
AGNC icon
83
AGNC Investment
AGNC
$12.7B
$34.3M 0.26%
+1,609,500
New +$33.4M
PARA
84
DELISTED
Paramount Global Class B
PARA
$32.2M 0.24%
504,727
-1,100
-0.2% -$70.4K
AVGO icon
85
Broadcom
AVGO
$1.99T
$30.7M 0.23%
1,318,780
+1,000
+0.1% +$23.2K
FSLR icon
86
First Solar
FSLR
$25.3B
$30.1M 0.23%
754,373
+375,500
+99% +$12.8M
SLB icon
87
SLB Ltd
SLB
$74.4B
$30.1M 0.23%
456,672
-1,300
-0.3% -$93.2K
ALLY icon
88
Ally Financial
ALLY
$13.6B
$29.9M 0.23%
1,430,966
+200,000
+16% +$3.93M
DUK icon
89
Duke Energy
DUK
$95.8B
$29.7M 0.22%
355,684
+200
+0.1% +$16.8K
BRK.A icon
90
Berkshire Hathaway Class A
BRK.A
$1.11T
$29.5M 0.22%
116
– –
UNP icon
91
Union Pacific
UNP
$176B
$28.9M 0.22%
265,412
-1,900
-0.7% -$207K
CA
92
DELISTED
CA, Inc.
CA
$28.4M 0.21%
824,380
– –
NVDA icon
93
NVIDIA
NVDA
$5.3T
$28.3M 0.21%
7,823,680
-9,916,000
-56% -$31.5M
CCI icon
94
Crown Castle
CCI
$31.3B
$28.3M 0.21%
282,074
+1,900
+0.7% +$187K
SBUX icon
95
Starbucks
SBUX
$121B
$27.8M 0.21%
475,960
-2,800
-0.6% -$169K
AGN
96
DELISTED
Allergan plc
AGN
$26.8M 0.2%
110,356
+200
+0.2% +$47K
GS icon
97
Goldman Sachs
GS
$315B
$26.7M 0.2%
120,350
-1,300
-1% -$289K
LLY icon
98
Eli Lilly
LLY
$1.02T
$26.3M 0.2%
319,138
+200
+0.1% +$16.3K
CHRW icon
99
C.H. Robinson
CHRW
$18B
$25.9M 0.2%
377,629
-100
-0% -$7.08K
LAMR icon
100
Lamar Advertising Co
LAMR
$16B
$25.7M 0.19%
349,400
+700
+0.2% +$50.3K
2 3
4
5 6

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.