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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
ICE icon
176
Intercontinental Exchange
ICE
$84.4B
$12.6M 0.1%
171,500
+100
+0.1% +$7.28K
APEI icon
177
American Public Education
APEI
$940M
$12.4M 0.1%
294,320
– –
MRSH
178
Marsh
MRSH
$91.5B
$12.3M 0.1%
150,201
+800
+0.5% +$65.3K
CI icon
179
Cigna
CI
$74.6B
$12.2M 0.1%
72,028
+500
+0.7% +$86.6K
HUM icon
180
Humana
HUM
$46.2B
$12.1M 0.1%
40,726
+200
+0.5% +$58.6K
TGT icon
181
Target
TGT
$68B
$12M 0.09%
157,810
-2,200
-1% -$162K
FIS icon
182
Fidelity National Information Services
FIS
$22.1B
$11.9M 0.09%
112,606
+500
+0.4% +$50.9K
ROST icon
183
Ross Stores
ROST
$81.9B
$11.9M 0.09%
140,138
+11,600
+9% +$944K
RPT
184
Rithm Property Trust
RPT
$93.7M
$11.8M 0.09%
155,252
– –
RITM icon
185
Rithm Capital
RITM
$5.69B
$11.7M 0.09%
+670,000
New +$11.8M
HAL icon
186
Halliburton
HAL
$26.6B
$11.7M 0.09%
259,379
+2,500
+1% +$125K
SYY icon
187
Sysco
SYY
$40.3B
$11.7M 0.09%
171,079
+29,700
+21% +$1.9M
TFC icon
188
Truist Financial
TFC
$64B
$11.6M 0.09%
230,861
+2,000
+0.9% +$106K
PRU icon
189
Prudential Financial
PRU
$41.8B
$11.6M 0.09%
124,332
+100
+0.1% +$10.1K
APC
190
DELISTED
Anadarko Petroleum
APC
$11.2M 0.09%
152,527
-8,600
-5% -$583K
MAR icon
191
Marriott International
MAR
$92.3B
$11.1M 0.09%
87,852
-500
-0.6% -$68K
KHC icon
192
Kraft Heinz
KHC
$30B
$11.1M 0.09%
176,846
+1,000
+0.6% +$59.3K
HPQ icon
193
HP
HPQ
$27.5B
$11M 0.09%
485,925
-985,600
-67% -$22M
KMB icon
194
Kimberly-Clark
KMB
$36.5B
$10.9M 0.09%
103,446
+200
+0.2% +$20.8K
STZ icon
195
Constellation Brands
STZ
$23.2B
$10.9M 0.09%
49,775
-700
-1% -$158K
ECL icon
196
Ecolab
ECL
$79.9B
$10.8M 0.09%
76,929
+400
+0.5% +$57.7K
BAX icon
197
Baxter International
BAX
$14.2B
$10.8M 0.09%
145,822
-500
-0.3% -$35.2K
ADI icon
198
Analog Devices
ADI
$190B
$10.5M 0.08%
109,795
+900
+0.8% +$84.9K
FISV
199
Fiserv Inc
FISV
$27.9B
$10.5M 0.08%
141,456
-700
-0.5% -$50.8K
PLD icon
200
Prologis
PLD
$133B
$10.4M 0.08%
157,917
+1,000
+0.6% +$64.3K
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 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.