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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
MCD icon
76
McDonald's
MCD
$195B
$36.4M 0.29%
232,457
-2,200
-0.9% -$357K
GE icon
77
GE Aerospace
GE
$384B
$36.3M 0.29%
557,078
+3,172
+0.6% +$212K
XLI icon
78
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$35.9M 0.28%
500,900
+7,100
+1% +$527K
MMM icon
79
3M
MMM
$94.3B
$34.6M 0.27%
210,228
+598
+0.3% +$102K
MCHP icon
80
Microchip Technology
MCHP
$46B
$34.5M 0.27%
759,144
-716,800
-49% -$33.2M
MDT icon
81
Medtronic
MDT
$112B
$34.3M 0.27%
400,938
+1,900
+0.5% +$159K
BRK.A icon
82
Berkshire Hathaway Class A
BRK.A
$1.12T
$32.7M 0.26%
116
– –
UNP icon
83
Union Pacific
UNP
$174B
$32.5M 0.26%
229,612
-2,100
-0.9% -$293K
TXN icon
84
Texas Instruments
TXN
$261B
$32M 0.25%
289,818
-161,100
-36% -$17.4M
CBRE icon
85
CBRE Group
CBRE
$42.9B
$31.7M 0.25%
664,932
-74,500
-10% -$3.52M
ABT icon
86
Abbott
ABT
$187B
$31.7M 0.25%
519,043
-232,500
-31% -$14.1M
CA
87
DELISTED
CA, Inc.
CA
$31.6M 0.25%
886,680
+400
+0% +$14.1K
ITW icon
88
Illinois Tool Works
ITW
$84.5B
$31.4M 0.25%
226,997
+136,500
+151% +$20.2M
ETFC
89
DELISTED
E*Trade Financial Corporation
ETFC
$31.2M 0.25%
510,158
+431,700
+550% +$26.7M
HCA icon
90
HCA Healthcare
HCA
$89.5B
$31.1M 0.25%
302,920
+220,500
+268% +$22.3M
NKE icon
91
Nike
NKE
$61.9B
$30.3M 0.24%
379,792
-2,300
-0.6% -$162K
NLSN
92
DELISTED
Nielsen Holdings plc
NLSN
$30.1M 0.24%
973,344
+874,600
+886% +$27.4M
RHI icon
93
Robert Half
RHI
$4.37B
$30M 0.24%
461,060
+424,500
+1,161% +$26.9M
AVY icon
94
Avery Dennison
AVY
$13.4B
$29.8M 0.24%
291,426
+265,500
+1,024% +$28.1M
AVGO icon
95
Broadcom
AVGO
$2.04T
$28.8M 0.23%
1,188,780
-20,000
-2% -$490K
DAL icon
96
Delta Air Lines
DAL
$60.1B
$28.7M 0.23%
579,232
+387,800
+203% +$20.7M
CRM icon
97
Salesforce
CRM
$158B
$28.5M 0.22%
208,856
+6,800
+3% +$868K
SWK icon
98
Stanley Black & Decker
SWK
$15.7B
$28.5M 0.22%
214,348
+169,200
+375% +$24.4M
JCI icon
99
Johnson Controls International
JCI
$92.2B
$27.6M 0.22%
826,287
+553,600
+203% +$19.2M
RTX icon
100
RTX Corp
RTX
$301B
$27.5M 0.22%
350,061
-391,530
-53% -$30.7M
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 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.