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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
+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
AEP icon
201
American Electric Power
AEP
$68.4B
$9.94M 0.08%
144,881
+700
+0.5% +$47.1K
ADI icon
202
Analog Devices
ADI
$190B
$9.92M 0.08%
108,895
+800
+0.7% +$72.8K
EL icon
203
Estee Lauder
EL
$32B
$9.9M 0.08%
66,118
+500
+0.8% +$69.2K
ALL icon
204
Allstate
ALL
$67.5B
$9.89M 0.08%
104,337
-800
-0.8% -$77.5K
PLD icon
205
Prologis
PLD
$133B
$9.88M 0.08%
156,917
+900
+0.6% +$55.9K
WM icon
206
Waste Management
WM
$91B
$9.88M 0.08%
117,478
+400
+0.3% +$34.3K
EQIX icon
207
Equinix
EQIX
$103B
$9.76M 0.08%
23,338
+400
+2% +$168K
LRCX icon
208
Lam Research
LRCX
$390B
$9.74M 0.08%
479,600
+5,000
+1% +$99K
APC
209
DELISTED
Anadarko Petroleum
APC
$9.73M 0.08%
161,127
+700
+0.4% +$41K
JCI icon
210
Johnson Controls International
JCI
$92.2B
$9.61M 0.08%
272,687
+1,400
+0.5% +$53.2K
BAX icon
211
Baxter International
BAX
$14.2B
$9.52M 0.08%
146,322
-600
-0.4% -$40.6K
STI
212
DELISTED
SunTrust Banks, Inc.
STI
$9.38M 0.08%
137,892
-1,700
-1% -$118K
LUV icon
213
Southwest Airlines
LUV
$23B
$9.12M 0.07%
159,284
-700
-0.4% -$42K
ZVO
214
DELISTED
Zovio Inc. Common Stock
ZVO
$9.12M 0.07%
1,353,331
+290,375
+27% +$2.15M
PSA icon
215
Public Storage
PSA
$61.3B
$8.83M 0.07%
44,077
+200
+0.5% +$39K
EW icon
216
Edwards Lifesciences
EW
$51.7B
$8.63M 0.07%
185,568
-600
-0.3% -$26.1K
PXD
217
DELISTED
Pioneer Natural Resource Co.
PXD
$8.61M 0.07%
50,102
+200
+0.4% +$35.2K
MCK icon
218
McKesson
MCK
$101B
$8.55M 0.07%
60,733
-400
-0.7% -$62.3K
ROP icon
219
Roper Technologies
ROP
$39.8B
$8.51M 0.07%
30,302
+300
+1% +$82.8K
SYY icon
220
Sysco
SYY
$40.3B
$8.48M 0.07%
141,379
+900
+0.6% +$54.5K
KMI icon
221
Kinder Morgan
KMI
$68.7B
$8.41M 0.07%
558,556
-4,400
-0.8% -$76.2K
PPG icon
222
PPG Industries
PPG
$26.6B
$8.37M 0.07%
74,968
+400
+0.5% +$46.2K
SRE icon
223
Sempra
SRE
$54.8B
$8.36M 0.07%
150,276
+3,000
+2% +$162K
YUM icon
224
Yum! Brands
YUM
$41.1B
$8.33M 0.07%
97,854
-900
-0.9% -$73.8K
MTB icon
225
M&T Bank
MTB
$36.2B
$8.14M 0.07%
44,170
– –
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 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.