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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
PYPL icon
101
PayPal
PYPL
$50.5B
$27.5M 0.22%
330,434
-1,700
-0.5% -$135K
SLB icon
102
SLB Ltd
SLB
$75B
$27.5M 0.22%
410,072
+2,600
+0.6% +$179K
COR icon
103
Cencora
COR
$61.2B
$27.2M 0.21%
318,684
+270,800
+566% +$23.8M
COST icon
104
Costco
COST
$420B
$27.1M 0.21%
129,836
+600
+0.5% +$119K
DGX icon
105
Quest Diagnostics
DGX
$26.3B
$26.5M 0.21%
241,463
-71,400
-23% -$7.44M
ABMD
106
DELISTED
Abiomed Inc
ABMD
$25.6M 0.2%
62,500
-82,800
-57% -$30M
GD icon
107
General Dynamics
GD
$106B
$24.7M 0.19%
132,427
-96,100
-42% -$19.7M
QCOM icon
108
Qualcomm
QCOM
$176B
$24.6M 0.19%
438,971
+3,100
+0.7% +$173K
LLY icon
109
Eli Lilly
LLY
$1.06T
$24.1M 0.19%
282,838
-1,000
-0.4% -$82.1K
COP icon
110
ConocoPhillips
COP
$141B
$24.1M 0.19%
346,455
+700
+0.2% +$46.6K
UPS icon
111
United Parcel Service
UPS
$88.9B
$24.1M 0.19%
226,886
+1,600
+0.7% +$180K
CAT icon
112
Caterpillar
CAT
$387B
$24M 0.19%
177,066
+1,100
+0.6% +$164K
EFC
113
Ellington Financial
EFC
$1.71B
$23.5M 0.19%
1,502,778
– –
NEE icon
114
NextEra Energy
NEE
$177B
$23.3M 0.18%
558,292
+4,400
+0.8% +$178K
MCO icon
115
Moody's
MCO
$82.7B
$23.3M 0.18%
136,615
+1,100
+0.8% +$186K
LOW icon
116
Lowe's Companies
LOW
$125B
$23.3M 0.18%
243,375
-13,750
-5% -$1.24M
GS icon
117
Goldman Sachs
GS
$303B
$22.9M 0.18%
104,050
– –
FSLR icon
118
First Solar
FSLR
$26.9B
$22.2M 0.18%
422,273
+400
+0.1% +$26.2K
EOG icon
119
EOG Resources
EOG
$70.7B
$21.3M 0.17%
171,428
+1,100
+0.6% +$128K
SBUX icon
120
Starbucks
SBUX
$120B
$20M 0.16%
408,560
-5,200
-1% -$295K
ADP icon
121
Automatic Data Processing
ADP
$108B
$19.6M 0.16%
146,381
+15,900
+12% +$2.02M
MS icon
122
Morgan Stanley
MS
$340B
$19.1M 0.15%
403,555
-2,600
-0.6% -$136K
OXY icon
123
Occidental Petroleum
OXY
$55.9B
$19M 0.15%
226,756
+1,500
+0.7% +$120K
BDX icon
124
Becton Dickinson
BDX
$48.7B
$19M 0.15%
81,132
+70,008
+629% +$15.6M
AMT icon
125
American Tower
AMT
$80.4B
$18.8M 0.15%
130,726
+900
+0.7% +$125K
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 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.