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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
MMM icon
76
3M
MMM
$94.3B
$38.5M 0.31%
209,630
+359
+0.2% +$71.1K
WMT icon
77
Walmart Inc
WMT
$890B
$38M 0.31%
1,282,002
-5,100
-0.4% -$164K
NFLX icon
78
Netflix
NFLX
$309B
$37.7M 0.3%
1,277,340
+9,000
+0.7% +$245K
MCD icon
79
McDonald's
MCD
$195B
$36.7M 0.3%
234,657
+1,000
+0.4% +$165K
XLI icon
80
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
$36.7M 0.3%
493,800
+34,500
+8% +$2.66M
GE icon
81
GE Aerospace
GE
$384B
$35.8M 0.29%
553,906
+876
+0.2% +$64.9K
CBRE icon
82
CBRE Group
CBRE
$42.9B
$34.9M 0.28%
739,432
+400
+0.1% +$18.2K
GPMT
83
Granite Point Mortgage Trust
GPMT
$61.2M
$34.9M 0.28%
2,108,739
+630,000
+43% +$10.8M
BRK.A icon
84
Berkshire Hathaway Class A
BRK.A
$1.12T
$34.7M 0.28%
116
– –
AMGN icon
85
Amgen
AMGN
$222B
$33.5M 0.27%
196,794
-16,000
-8% -$2.94M
BABA icon
86
Alibaba
BABA
$308B
$32.7M 0.26%
+178,000
New +$33.5M
AMAT icon
87
Applied Materials
AMAT
$428B
$32.5M 0.26%
584,109
-3,300
-0.6% -$184K
HPQ icon
88
HP
HPQ
$27.5B
$32.3M 0.26%
1,471,525
-7,500
-0.5% -$169K
MDT icon
89
Medtronic
MDT
$112B
$32M 0.26%
399,038
+2,300
+0.6% +$190K
ILMN icon
90
Illumina
ILMN
$28.4B
$32M 0.26%
139,047
+514
+0.4% +$118K
DGX icon
91
Quest Diagnostics
DGX
$26.3B
$31.4M 0.25%
312,863
– –
UNP icon
92
Union Pacific
UNP
$174B
$31.1M 0.25%
231,712
+1,000
+0.4% +$135K
CA
93
DELISTED
CA, Inc.
CA
$30M 0.24%
886,280
+100
+0% +$3.48K
FSLR icon
94
First Solar
FSLR
$26.9B
$29.9M 0.24%
421,873
+400
+0.1% +$27.2K
AVGO icon
95
Broadcom
AVGO
$2.04T
$28.5M 0.23%
1,208,780
+17,000
+1% +$428K
MAN icon
96
ManpowerGroup
MAN
$2.63B
$28.3M 0.23%
246,030
+300
+0.1% +$37.1K
LMT icon
97
Lockheed Martin
LMT
$136B
$27.6M 0.22%
81,718
– –
SLB icon
98
SLB Ltd
SLB
$75B
$26.4M 0.21%
407,472
+1,400
+0.3% +$97.8K
GS icon
99
Goldman Sachs
GS
$303B
$26.2M 0.21%
104,050
+1,200
+1% +$312K
TNL icon
100
Travel + Leisure Co
TNL
$4.7B
$26M 0.21%
502,665
-886
-0.2% -$47.4K
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 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.