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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
CAT icon
101
Caterpillar
CAT
$387B
$25.9M 0.21%
175,966
+1,600
+0.9% +$253K
NKE icon
102
Nike
NKE
$61.9B
$25.4M 0.2%
382,092
-3,100
-0.8% -$205K
PYPL icon
103
PayPal
PYPL
$50.5B
$25.2M 0.2%
332,134
+1,000
+0.3% +$79.3K
COST icon
104
Costco
COST
$420B
$24.4M 0.2%
129,236
+1,100
+0.9% +$208K
QCOM icon
105
Qualcomm
QCOM
$176B
$24.2M 0.19%
435,871
+3,700
+0.9% +$236K
SBUX icon
106
Starbucks
SBUX
$120B
$24M 0.19%
413,760
-3,300
-0.8% -$191K
UPS icon
107
United Parcel Service
UPS
$88.9B
$23.6M 0.19%
225,286
+1,200
+0.5% +$139K
CRM icon
108
Salesforce
CRM
$158B
$23.5M 0.19%
202,056
+900
+0.4% +$103K
TWTR
109
DELISTED
Twitter, Inc.
TWTR
$23.2M 0.19%
+800,000
New +$23.5M
TPR icon
110
Tapestry
TPR
$32.8B
$22.8M 0.18%
433,847
+500
+0.1% +$24.7K
NEE icon
111
NextEra Energy
NEE
$177B
$22.6M 0.18%
553,892
+2,400
+0.4% +$92.5K
LOW icon
112
Lowe's Companies
LOW
$125B
$22.6M 0.18%
257,125
+200
+0.1% +$18.9K
EFC
113
Ellington Financial
EFC
$1.71B
$22.3M 0.18%
1,502,778
-42,000
-3% -$621K
LLY icon
114
Eli Lilly
LLY
$1.06T
$22M 0.18%
283,838
-200
-0.1% -$16.1K
MS icon
115
Morgan Stanley
MS
$340B
$21.9M 0.18%
406,155
-1,900
-0.5% -$105K
BAC.WS.B
116
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$21.9M 0.18%
10,986,671
– –
MCO icon
117
Moody's
MCO
$82.7B
$21.9M 0.18%
135,515
+2,600
+2% +$421K
PNC icon
118
PNC Financial Services
PNC
$101B
$21M 0.17%
138,876
-600
-0.4% -$93.2K
COP icon
119
ConocoPhillips
COP
$141B
$20.5M 0.17%
345,755
-4,700
-1% -$266K
BLK icon
120
Blackrock
BLK
$176B
$19.8M 0.16%
36,480
+300
+0.8% +$165K
CELG
121
DELISTED
Celgene Corp
CELG
$19.8M 0.16%
221,452
-336,300
-60% -$32.3M
AMT icon
122
American Tower
AMT
$80.4B
$18.9M 0.15%
129,826
+4,100
+3% +$578K
CB icon
123
Chubb
CB
$135B
$18.7M 0.15%
136,677
+600
+0.4% +$86.9K
CL icon
124
Colgate-Palmolive
CL
$74.4B
$18.5M 0.15%
257,684
+300
+0.1% +$21.6K
SCHW
125
Charles Schwab
SCHW
$187B
$18.4M 0.15%
352,837
+3,100
+0.9% +$166K
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 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.