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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
ITW icon
151
Illinois Tool Works
ITW
$84.5B
$14.2M 0.11%
90,497
+100
+0.1% +$16.6K
SPG icon
152
Simon Property Group
SPG
$72.3B
$14.1M 0.11%
91,598
+500
+0.5% +$79.5K
SAFE
153
DELISTED
Safehold Inc.
SAFE
$14.1M 0.11%
880,000
+706,500
+407% +$12.1M
MET icon
154
MetLife
MET
$62.1B
$14M 0.11%
305,185
-3,300
-1% -$160K
CTSH icon
155
Cognizant
CTSH
$26B
$13.9M 0.11%
173,154
+300
+0.2% +$23.7K
COF icon
156
Capital One
COF
$134B
$13.7M 0.11%
143,148
+1,100
+0.8% +$109K
ISRG icon
157
Intuitive Surgical
ISRG
$134B
$13.7M 0.11%
99,204
+600
+0.6% +$83.7K
GM icon
158
General Motors
GM
$76.8B
$13.5M 0.11%
371,720
-3,000
-0.8% -$122K
SO icon
159
Southern Company
SO
$107B
$13.3M 0.11%
296,830
+2,600
+0.9% +$115K
D icon
160
Dominion Energy
D
$59.3B
$12.9M 0.1%
191,849
+3,200
+2% +$236K
PRU icon
161
Prudential Financial
PRU
$41.8B
$12.9M 0.1%
124,232
-100
-0.1% -$11.3K
EMR icon
162
Emerson Electric
EMR
$88.3B
$12.8M 0.1%
186,923
-1,200
-0.6% -$85.4K
F icon
163
Ford
F
$55.7B
$12.7M 0.1%
1,148,890
+5,200
+0.5% +$58.7K
APEI icon
164
American Public Education
APEI
$940M
$12.7M 0.1%
294,320
+130,000
+79% +$3.99M
AMD icon
165
Advanced Micro Devices
AMD
$789B
$12.5M 0.1%
1,242,500
+1,002,100
+417% +$11.9M
ICE icon
166
Intercontinental Exchange
ICE
$84.4B
$12.4M 0.1%
171,400
-100
-0.1% -$7.31K
INTU icon
167
Intuit
INTU
$89B
$12.4M 0.1%
71,584
+400
+0.6% +$67.3K
MRSH
168
Marsh
MRSH
$91.5B
$12.3M 0.1%
149,401
-200
-0.1% -$16.6K
PX
169
DELISTED
Praxair Inc
PX
$12.2M 0.1%
84,545
+600
+0.7% +$93.3K
RPT
170
Rithm Property Trust
RPT
$93.7M
$12.2M 0.1%
155,252
– –
VRTX icon
171
Vertex Pharmaceuticals
VRTX
$126B
$12.2M 0.1%
74,768
+600
+0.8% +$98K
HAL icon
172
Halliburton
HAL
$26.6B
$12.1M 0.1%
256,879
+1,100
+0.4% +$54.3K
MAR icon
173
Marriott International
MAR
$92.3B
$12M 0.1%
88,352
-1,400
-2% -$196K
CI icon
174
Cigna
CI
$74.6B
$12M 0.1%
71,528
-700
-1% -$136K
TFC icon
175
Truist Financial
TFC
$64B
$11.9M 0.1%
228,861
-2,400
-1% -$129K
5 6
7
8 9

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.