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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
BIIB icon
126
Biogen
BIIB
$30.8B
$19M 0.14%
70,177
-700
-1% -$185K
CRM icon
127
Salesforce
CRM
$156B
$19M 0.14%
219,756
+4,600
+2% +$401K
AMT icon
128
American Tower
AMT
$81.7B
$18.5M 0.14%
139,726
-600
-0.4% -$76.9K
AIG icon
129
American International
AIG
$42.1B
$18.1M 0.14%
289,052
-16,600
-5% -$1.03M
COP icon
130
ConocoPhillips
COP
$144B
$17.9M 0.14%
406,555
+600
+0.1% +$28K
XLI icon
131
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
$17.8M 0.13%
+261,100
New +$17.4M
FDX icon
132
FedEx
FDX
$74.1B
$17.6M 0.13%
80,812
+300
+0.4% +$59.2K
BNY
133
Bank of New York Mellon
BNY
$106B
$17.4M 0.13%
341,748
+1,000
+0.3% +$47.8K
GSK icon
134
GSK
GSK
$103B
$17.4M 0.13%
323,200
– –
SCHW
135
Charles Schwab
SCHW
$185B
$17.2M 0.13%
399,937
+900
+0.2% +$36K
EOG icon
136
EOG Resources
EOG
$76.4B
$17.2M 0.13%
189,728
+300
+0.2% +$27.6K
BLK icon
137
Blackrock
BLK
$175B
$16.8M 0.13%
39,880
-100
-0.3% -$39.9K
KHC icon
138
Kraft Heinz
KHC
$31.6B
$16.8M 0.13%
196,046
+100
+0.1% +$9.07K
SPG icon
139
Simon Property Group
SPG
$73.3B
$16.6M 0.13%
102,598
-2,500
-2% -$407K
AET
140
DELISTED
Aetna Inc
AET
$16.6M 0.13%
109,034
-6,500
-6% -$919K
CSX icon
141
CSX Corp
CSX
$94.5B
$16.5M 0.13%
909,693
-3,300
-0.4% -$56.5K
ADP icon
142
Automatic Data Processing
ADP
$108B
$16.4M 0.12%
159,931
-400
-0.2% -$40.5K
ELV icon
143
Elevance Health
ELV
$82B
$16.4M 0.12%
87,044
+200
+0.2% +$35.9K
ZVO
144
DELISTED
Zovio Inc. Common Stock
ZVO
$16.4M 0.12%
1,109,000
-728,754
-40% -$9.8M
D icon
145
Dominion Energy
D
$60.9B
$15.8M 0.12%
206,749
+400
+0.2% +$31.4K
GM icon
146
General Motors
GM
$77.5B
$15.8M 0.12%
451,320
+3,600
+0.8% +$122K
SO icon
147
Southern Company
SO
$107B
$15.6M 0.12%
326,830
+1,300
+0.4% +$65.2K
RTN
148
DELISTED
Raytheon Company
RTN
$15.4M 0.12%
95,636
-600
-0.6% -$95.1K
TJX icon
149
TJX Companies
TJX
$174B
$15.3M 0.12%
422,780
-665,400
-61% -$25.1M
PRU icon
150
Prudential Financial
PRU
$42.9B
$15.3M 0.12%
141,032
-200
-0.1% -$21.2K
4 5
6
7 8

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.