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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
PNC icon
126
PNC Financial Services
PNC
$101B
$18.8M 0.15%
138,976
+100
+0.1% +$14.6K
DUK icon
127
Duke Energy
DUK
$97.3B
$18.7M 0.15%
236,884
+1,400
+0.6% +$108K
AMD icon
128
Advanced Micro Devices
AMD
$789B
$18.6M 0.15%
1,243,900
+1,400
+0.1% +$17.8K
BLK icon
129
Blackrock
BLK
$176B
$18.2M 0.14%
36,480
– –
SCHW
130
Charles Schwab
SCHW
$187B
$18.2M 0.14%
355,537
+2,700
+0.8% +$150K
BIIB icon
131
Biogen
BIIB
$30.7B
$18.1M 0.14%
62,477
+200
+0.3% +$56.2K
MU icon
132
Micron Technology
MU
$991B
$18M 0.14%
343,344
+2,900
+0.9% +$157K
ELV icon
133
Elevance Health
ELV
$85.5B
$18M 0.14%
75,544
+300
+0.4% +$69.5K
DHR icon
134
Danaher
DHR
$144B
$18M 0.14%
205,259
+1,354
+0.7% +$121K
MDLZ icon
135
Mondelez International
MDLZ
$79.9B
$17.9M 0.14%
436,756
-1,100
-0.3% -$44.2K
AET
136
DELISTED
Aetna Inc
AET
$17.8M 0.14%
96,834
+600
+0.6% +$107K
SSYS icon
137
Stratasys
SSYS
$774M
$17.7M 0.14%
924,603
+100,000
+12% +$1.98M
CB icon
138
Chubb
CB
$135B
$17.5M 0.14%
137,877
+1,200
+0.9% +$159K
ATVI
139
DELISTED
Activision Blizzard
ATVI
$17.2M 0.14%
225,344
+2,000
+0.9% +$142K
CL icon
140
Colgate-Palmolive
CL
$74.4B
$16.7M 0.13%
258,284
+600
+0.2% +$39.2K
AGN
141
DELISTED
Allergan plc
AGN
$16.7M 0.13%
100,356
+3,100
+3% +$498K
SAFE
142
DELISTED
Safehold Inc.
SAFE
$16.7M 0.13%
880,000
– –
CELG
143
DELISTED
Celgene Corp
CELG
$16.6M 0.13%
209,252
-12,200
-6% -$1.01M
FDX icon
144
FedEx
FDX
$75.4B
$16.5M 0.13%
72,812
+300
+0.4% +$74.3K
CSX icon
145
CSX Corp
CSX
$93.1B
$16.5M 0.13%
777,393
-6,300
-0.8% -$130K
CME icon
146
CME Group
CME
$94.8B
$16.5M 0.13%
100,777
+600
+0.6% +$98K
RTN
147
DELISTED
Raytheon Company
RTN
$16.4M 0.13%
85,036
+100
+0.1% +$21K
BNY
148
Bank of New York Mellon
BNY
$107B
$16.1M 0.13%
299,248
+2,000
+0.7% +$110K
CHTR icon
149
Charter Communications
CHTR
$18.2B
$16.1M 0.13%
54,800
– –
ISRG icon
150
Intuitive Surgical
ISRG
$134B
$16.1M 0.13%
100,704
+1,500
+2% +$229K
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 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.