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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
RTN
126
DELISTED
Raytheon Company
RTN
$18.3M 0.15%
84,936
+200
+0.2% +$41.4K
MDLZ icon
127
Mondelez International
MDLZ
$79.9B
$18.3M 0.15%
437,856
-200
-0% -$8.69K
DUK icon
128
Duke Energy
DUK
$97.3B
$18.2M 0.15%
235,484
+1,000
+0.4% +$77.3K
EOG icon
129
EOG Resources
EOG
$70.7B
$17.9M 0.14%
170,328
+800
+0.5% +$86.3K
MU icon
130
Micron Technology
MU
$991B
$17.8M 0.14%
340,444
+2,400
+0.7% +$115K
DHR icon
131
Danaher
DHR
$144B
$17.7M 0.14%
203,905
+1,466
+0.7% +$128K
FDX icon
132
FedEx
FDX
$75.4B
$17.4M 0.14%
72,512
+200
+0.3% +$50.6K
SNAP icon
133
Snap
SNAP
$9.01B
$17.2M 0.14%
1,080,756
– –
CHTR icon
134
Charter Communications
CHTR
$18.2B
$17.1M 0.14%
54,800
-2,000
-4% -$703K
BIIB icon
135
Biogen
BIIB
$30.7B
$17.1M 0.14%
62,277
+300
+0.5% +$93.1K
SSYS icon
136
Stratasys
SSYS
$774M
$16.6M 0.13%
824,603
+450,000
+120% +$9.62M
ELV icon
137
Elevance Health
ELV
$85.5B
$16.5M 0.13%
75,244
– –
WBA
138
DELISTED
Walgreens Boots Alliance
WBA
$16.4M 0.13%
250,861
-3,600
-1% -$257K
AGN
139
DELISTED
Allergan plc
AGN
$16.4M 0.13%
97,256
-200
-0.2% -$33.5K
AET
140
DELISTED
Aetna Inc
AET
$16.3M 0.13%
96,234
+600
+0.6% +$108K
CME icon
141
CME Group
CME
$94.8B
$16.2M 0.13%
100,177
+400
+0.4% +$63.7K
CCI icon
142
Crown Castle
CCI
$32.2B
$16.1M 0.13%
146,874
+3,000
+2% +$326K
BNY
143
Bank of New York Mellon
BNY
$107B
$15.3M 0.12%
297,248
-2,900
-1% -$161K
TJX icon
144
TJX Companies
TJX
$178B
$15.2M 0.12%
372,380
-600
-0.2% -$23.7K
ATVI
145
DELISTED
Activision Blizzard
ATVI
$15.1M 0.12%
223,344
+1,700
+0.8% +$120K
DE icon
146
Deere & Co
DE
$168B
$14.8M 0.12%
95,354
+1,600
+2% +$260K
ADP icon
147
Automatic Data Processing
ADP
$108B
$14.8M 0.12%
130,481
+500
+0.4% +$58.3K
OXY icon
148
Occidental Petroleum
OXY
$55.9B
$14.6M 0.12%
225,256
+900
+0.4% +$63K
CSX icon
149
CSX Corp
CSX
$93.1B
$14.6M 0.12%
783,693
-2,400
-0.3% -$44.8K
AIG icon
150
American International
AIG
$41.3B
$14.4M 0.12%
264,652
+1,100
+0.4% +$65K
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 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.