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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
CCI icon
151
Crown Castle
CCI
$32.2B
$15.9M 0.13%
147,574
+700
+0.5% +$72.7K
NOC icon
152
Northrop Grumman
NOC
$81.2B
$15.9M 0.13%
51,617
-97,700
-65% -$32.3M
SPG icon
153
Simon Property Group
SPG
$72.3B
$15.6M 0.12%
91,698
+100
+0.1% +$15.9K
TFCFA
154
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$15.5M 0.12%
312,041
+1,700
+0.5% +$67.2K
GM icon
155
General Motors
GM
$76.8B
$14.8M 0.12%
375,520
+3,800
+1% +$150K
INTU icon
156
Intuit
INTU
$89B
$14.7M 0.12%
72,184
+600
+0.8% +$115K
SNAP icon
157
Snap
SNAP
$9.01B
$14.1M 0.11%
1,080,756
– –
VLO icon
158
Valero Energy
VLO
$85.9B
$14.1M 0.11%
127,576
-367,200
-74% -$41.2M
AIG icon
159
American International
AIG
$41.8B
$14.1M 0.11%
265,752
+1,100
+0.4% +$59.5K
PSX icon
160
Phillips 66
PSX
$81.4B
$14M 0.11%
124,235
+600
+0.5% +$67.5K
SO icon
161
Southern Company
SO
$107B
$13.9M 0.11%
299,530
+2,700
+0.9% +$121K
AMAT icon
162
Applied Materials
AMAT
$428B
$13.8M 0.11%
298,409
-285,700
-49% -$14.7M
CTSH icon
163
Cognizant
CTSH
$26B
$13.7M 0.11%
173,454
+300
+0.2% +$23.6K
PX
164
DELISTED
Praxair Inc
PX
$13.4M 0.11%
85,045
+500
+0.6% +$77.3K
DE icon
165
Deere & Co
DE
$168B
$13.4M 0.11%
96,054
+700
+0.7% +$103K
BSX icon
166
Boston Scientific
BSX
$71.5B
$13.4M 0.11%
408,496
+3,700
+0.9% +$112K
COF icon
167
Capital One
COF
$134B
$13.2M 0.1%
144,048
+900
+0.6% +$85.2K
D icon
168
Dominion Energy
D
$59.3B
$13.2M 0.1%
193,249
+1,400
+0.7% +$91.2K
MET icon
169
MetLife
MET
$62.4B
$13.1M 0.1%
300,985
-4,200
-1% -$196K
EMR icon
170
Emerson Electric
EMR
$88.3B
$12.9M 0.1%
186,523
-400
-0.2% -$28.1K
ESRX
171
DELISTED
Express Scripts Holding Company
ESRX
$12.8M 0.1%
166,292
+100
+0.1% +$7.5K
F icon
172
Ford
F
$55.7B
$12.8M 0.1%
1,158,790
+9,900
+0.9% +$113K
VRTX icon
173
Vertex Pharmaceuticals
VRTX
$126B
$12.8M 0.1%
75,468
+700
+0.9% +$109K
EA
174
DELISTED
Electronic Arts
EA
$12.8M 0.1%
90,806
+500
+0.6% +$64.9K
NSC icon
175
Norfolk Southern
NSC
$75.1B
$12.6M 0.1%
83,649
– –
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 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.