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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
HAL icon
176
Halliburton
HAL
$27B
$12.2M 0.09%
285,179
+400
+0.1% +$18.4K
TFC icon
177
Truist Financial
TFC
$64.3B
$12.1M 0.09%
266,661
+1,100
+0.4% +$47.8K
DE icon
178
Deere & Co
DE
$167B
$12M 0.09%
96,754
+500
+0.5% +$58.7K
PSX icon
179
Phillips 66
PSX
$82.5B
$11.9M 0.09%
144,135
-800
-0.6% -$62.8K
TRV icon
180
Travelers Companies
TRV
$78.7B
$11.6M 0.09%
91,783
-100
-0.1% -$12.3K
NSC icon
181
Norfolk Southern
NSC
$76.7B
$11.6M 0.09%
95,249
-200
-0.2% -$23.5K
EBAY icon
182
eBay
EBAY
$48.7B
$11.6M 0.09%
330,842
-1,200
-0.4% -$41.1K
AON icon
183
Aon
AON
$75.7B
$11.5M 0.09%
86,147
-100
-0.1% -$12.6K
ETN icon
184
Eaton
ETN
$173B
$11.4M 0.09%
147,008
-700
-0.5% -$53.3K
HUM icon
185
Humana
HUM
$43.5B
$11.4M 0.09%
47,426
-1,600
-3% -$362K
MCK icon
186
McKesson
MCK
$97.2B
$11.4M 0.09%
69,333
-300
-0.4% -$45.5K
ECL icon
187
Ecolab
ECL
$79.7B
$11.4M 0.09%
85,829
-400
-0.5% -$51.7K
ISRG icon
188
Intuitive Surgical
ISRG
$130B
$11.4M 0.09%
109,404
+900
+0.8% +$86.5K
OUT icon
189
Outfront Media
OUT
$5.63B
$11.2M 0.08%
493,502
– –
AEP icon
190
American Electric Power
AEP
$69.9B
$11.2M 0.08%
161,581
+100
+0.1% +$6.95K
PCG icon
191
PG&E
PCG
$38.4B
$11.1M 0.08%
167,829
+1,300
+0.8% +$87.5K
EQIX icon
192
Equinix
EQIX
$104B
$11M 0.08%
25,638
+200
+0.8% +$84.8K
EXC icon
193
Exelon
EXC
$47.2B
$11M 0.08%
426,765
– –
STZ icon
194
Constellation Brands
STZ
$22.4B
$10.9M 0.08%
56,375
-400
-0.7% -$71.2K
EA icon
195
Electronic Arts
EA
$52.9B
$10.8M 0.08%
101,906
+600
+0.6% +$61.8K
GLNG icon
196
Golar LNG
GLNG
$5.03B
$10.6M 0.08%
477,700
– –
INTU icon
197
Intuit
INTU
$88.5B
$10.6M 0.08%
79,984
+200
+0.3% +$25.9K
ALL icon
198
Allstate
ALL
$67.6B
$10.6M 0.08%
119,837
-100
-0.1% -$8.48K
VRTX icon
199
Vertex Pharmaceuticals
VRTX
$121B
$10.6M 0.08%
81,868
+300
+0.4% +$36.1K
FIS icon
200
Fidelity National Information Services
FIS
$22.9B
$10.5M 0.08%
123,306
+700
+0.6% +$58.5K
6 7
8
9 10

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.