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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
GIS icon
201
General Mills
GIS
$19.3B
$10.5M 0.08%
189,338
-1,200
-0.6% -$68.5K
STT icon
202
State Street
STT
$50.9B
$10.4M 0.08%
116,257
-1,700
-1% -$141K
PSA icon
203
Public Storage
PSA
$61B
$10.3M 0.08%
49,177
+100
+0.2% +$21.5K
MAR icon
204
Marriott International
MAR
$90B
$10.2M 0.08%
102,152
-1,200
-1% -$120K
APD icon
205
Air Products & Chemicals
APD
$65.6B
$10.2M 0.08%
71,602
+100
+0.1% +$14.2K
PLD icon
206
Prologis
PLD
$130B
$10.2M 0.08%
174,317
+400
+0.2% +$22.3K
MU icon
207
Micron Technology
MU
$1.01T
$10.2M 0.08%
341,744
+1,300
+0.4% +$38K
TFCFA
208
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$9.8M 0.07%
345,841
+200
+0.1% +$5.75K
WM icon
209
Waste Management
WM
$90B
$9.8M 0.07%
133,578
+700
+0.5% +$51K
FISV
210
Fiserv Inc
FISV
$29.7B
$9.78M 0.07%
159,856
-1,400
-0.9% -$84.7K
BAX icon
211
Baxter International
BAX
$14.7B
$9.71M 0.07%
160,322
+700
+0.4% +$39.8K
HPQ icon
212
HP
HPQ
$26.4B
$9.67M 0.07%
553,225
-3,000
-0.5% -$55.1K
NCMI icon
213
National CineMedia
NCMI
$388M
$9.58M 0.07%
129,100
– –
NGG icon
214
National Grid
NGG
$80.9B
$9.52M 0.07%
171,409
-2
-0% -$122
TGT icon
215
Target
TGT
$67.3B
$9.48M 0.07%
181,310
-1,400
-0.8% -$76.5K
ADI icon
216
Analog Devices
ADI
$185B
$9.38M 0.07%
120,595
+1,000
+0.8% +$79.5K
SRE icon
217
Sempra
SRE
$56.6B
$9.29M 0.07%
164,876
+200
+0.1% +$11.3K
TEL icon
218
TE Connectivity
TEL
$62.9B
$9.18M 0.07%
116,676
– –
LYB icon
219
LyondellBasell Industries
LYB
$19.7B
$9.16M 0.07%
108,504
+100
+0.1% +$8.3K
GLW icon
220
Corning
GLW
$137B
$9.09M 0.07%
302,469
-2,400
-0.8% -$69K
HPE icon
221
Hewlett Packard
HPE
$69.4B
$9.08M 0.07%
705,208
-235,588
-25% -$3.28M
CCL icon
222
Carnival Corporation Ltd
CCL
$40.5B
$9.02M 0.07%
137,560
+300
+0.2% +$18.7K
STI
223
DELISTED
SunTrust Banks, Inc.
STI
$9.01M 0.07%
158,892
-2,500
-2% -$139K
WELL icon
224
Welltower
WELL
$167B
$9.01M 0.07%
120,309
+1,200
+1% +$87.7K
PXD
225
DELISTED
Pioneer Natural Resource Co.
PXD
$8.92M 0.07%
55,902
+100
+0.2% +$17.1K
7 8
9
10 11

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.