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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
NKE icon
101
Nike
NKE
$61.6B
$25.7M 0.19%
435,492
+200
+0% +$10.8K
AX icon
102
Axos Financial
AX
$5.96B
$25.2M 0.19%
1,061,487
– –
EFC
103
Ellington Financial
EFC
$1.67B
$25M 0.19%
1,544,778
– –
KMI icon
104
Kinder Morgan
KMI
$69.9B
$24.9M 0.19%
1,298,806
+300
+0% +$5.96K
CHTR icon
105
Charter Communications
CHTR
$18.3B
$23.9M 0.18%
70,900
+200
+0.3% +$66.7K
DD icon
106
DuPont de Nemours
DD
$19.3B
$23.3M 0.18%
145,860
+1,066
+0.7% +$169K
HE icon
107
Hawaiian Electric Industries
HE
$2.2B
$23.3M 0.18%
719,471
+700
+0.1% +$23.3K
COST icon
108
Costco
COST
$420B
$23.1M 0.17%
144,136
– –
DD
109
DELISTED
Du Pont De Nemours E I
DD
$23M 0.17%
284,915
+900
+0.3% +$71.9K
LOW icon
110
Lowe's Companies
LOW
$122B
$22.9M 0.17%
294,725
-2,500
-0.8% -$204K
CB icon
111
Chubb
CB
$134B
$22.3M 0.17%
153,477
+500
+0.3% +$70.4K
WBA
112
DELISTED
Walgreens Boots Alliance
WBA
$22M 0.17%
280,661
+600
+0.2% +$49.4K
NEE icon
113
NextEra Energy
NEE
$182B
$21.6M 0.16%
615,492
+1,200
+0.2% +$41K
MDLZ icon
114
Mondelez International
MDLZ
$79.2B
$21.5M 0.16%
498,656
-2,800
-0.6% -$126K
NFLX icon
115
Netflix
NFLX
$306B
$21.2M 0.16%
1,416,340
+3,000
+0.2% +$46.2K
TCP
116
DELISTED
TC Pipelines LP
TCP
$21M 0.16%
382,500
– –
TPR icon
117
Tapestry
TPR
$31.5B
$20.9M 0.16%
442,347
+350,200
+380% +$15.4M
MS icon
118
Morgan Stanley
MS
$341B
$20.9M 0.16%
468,155
-3,800
-0.8% -$164K
CAT icon
119
Caterpillar
CAT
$404B
$20.8M 0.16%
193,666
+1,000
+0.5% +$102K
ABMD
120
DELISTED
Abiomed Inc
ABMD
$20.3M 0.15%
141,800
+125,300
+759% +$16.8M
PNC icon
121
PNC Financial Services
PNC
$101B
$19.9M 0.15%
159,076
-600
-0.4% -$72.4K
WPC icon
122
W.P. Carey
WPC
$16.5B
$19.8M 0.15%
305,485
– –
PYPL icon
123
PayPal
PYPL
$50.1B
$19.7M 0.15%
367,134
-1,800
-0.5% -$88.5K
MET icon
124
MetLife
MET
$61.9B
$19.5M 0.15%
398,405
-2,244
-0.6% -$104K
MCO icon
125
Moody's
MCO
$83.8B
$19.3M 0.15%
159,015
+6,400
+4% +$749K
3 4
5
6 7

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.