We are live on ! Find out more
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
PSX icon
176
Phillips 66
PSX
$81.4B
$11.9M 0.1%
123,635
-2,300
-2% -$224K
STZ icon
177
Constellation Brands
STZ
$23.2B
$11.5M 0.09%
50,475
– –
ESRX
178
DELISTED
Express Scripts Holding Company
ESRX
$11.5M 0.09%
166,192
+200
+0.1% +$15.3K
TFCFA
179
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$11.4M 0.09%
310,341
+1,400
+0.5% +$51.7K
KMB icon
180
Kimberly-Clark
KMB
$36.5B
$11.4M 0.09%
103,246
+100
+0.1% +$11.4K
NSC icon
181
Norfolk Southern
NSC
$75.1B
$11.4M 0.09%
83,649
-200
-0.2% -$28.8K
EBAY icon
182
eBay
EBAY
$49.8B
$11.2M 0.09%
277,142
-7,600
-3% -$315K
TGT icon
183
Target
TGT
$68B
$11.1M 0.09%
160,010
+700
+0.4% +$51K
TRV icon
184
Travelers Companies
TRV
$80.2B
$11.1M 0.09%
79,883
-300
-0.4% -$41.9K
BSX icon
185
Boston Scientific
BSX
$71.5B
$11.1M 0.09%
404,796
+2,300
+0.6% +$62.5K
KHC icon
186
Kraft Heinz
KHC
$30B
$11M 0.09%
175,846
+800
+0.5% +$57.3K
EA
187
DELISTED
Electronic Arts
EA
$10.9M 0.09%
90,306
– –
HUM icon
188
Humana
HUM
$46.2B
$10.9M 0.09%
40,526
-1,400
-3% -$379K
FIS icon
189
Fidelity National Information Services
FIS
$22.1B
$10.8M 0.09%
112,106
-400
-0.4% -$39.2K
STT icon
190
State Street
STT
$50.7B
$10.8M 0.09%
108,257
-400
-0.4% -$41.9K
DAL icon
191
Delta Air Lines
DAL
$60.1B
$10.5M 0.08%
191,432
-800
-0.4% -$44.1K
ECL icon
192
Ecolab
ECL
$79.9B
$10.5M 0.08%
76,529
+300
+0.4% +$40.3K
PGR icon
193
Progressive
PGR
$125B
$10.4M 0.08%
171,481
+1,000
+0.6% +$57.1K
TEL icon
194
TE Connectivity
TEL
$62.6B
$10.3M 0.08%
103,376
+300
+0.3% +$30.3K
APD icon
195
Air Products & Chemicals
APD
$67.6B
$10.3M 0.08%
64,502
+600
+0.9% +$98.9K
MPC icon
196
Marathon Petroleum
MPC
$83.7B
$10.2M 0.08%
139,666
-3,500
-2% -$241K
AON icon
197
Aon
AON
$76B
$10.2M 0.08%
72,447
-800
-1% -$112K
FISV
198
Fiserv Inc
FISV
$27.9B
$10.1M 0.08%
142,156
-300
-0.2% -$21.1K
DXC icon
199
DXC Technology
DXC
$1.73B
$10.1M 0.08%
115,745
+463
+0.4% +$40.5K
ROST icon
200
Ross Stores
ROST
$81.9B
$10M 0.08%
128,538
-500
-0.4% -$39.7K
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 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.