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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
PGR icon
201
Progressive
PGR
$125B
$10.2M 0.08%
172,381
+900
+0.5% +$55.1K
EQIX icon
202
Equinix
EQIX
$103B
$10.1M 0.08%
23,538
+200
+0.9% +$80.8K
APD icon
203
Air Products & Chemicals
APD
$67.6B
$10.1M 0.08%
64,902
+400
+0.6% +$65.4K
AEP icon
204
American Electric Power
AEP
$68.4B
$10.1M 0.08%
145,781
+900
+0.6% +$60.6K
STT icon
205
State Street
STT
$50.7B
$10.1M 0.08%
108,157
-100
-0.1% -$9.92K
PSA icon
206
Public Storage
PSA
$61.3B
$10.1M 0.08%
44,377
+300
+0.7% +$62.5K
AON icon
207
Aon
AON
$76B
$9.92M 0.08%
72,347
-100
-0.1% -$14.1K
KMI icon
208
Kinder Morgan
KMI
$68.7B
$9.92M 0.08%
561,656
+3,100
+0.6% +$50.7K
EBAY icon
209
eBay
EBAY
$49.7B
$9.92M 0.08%
273,642
-3,500
-1% -$136K
TRV icon
210
Travelers Companies
TRV
$80.2B
$9.79M 0.08%
79,983
+100
+0.1% +$13.1K
MPC icon
211
Marathon Petroleum
MPC
$83.7B
$9.6M 0.08%
136,766
-2,900
-2% -$221K
WM icon
212
Waste Management
WM
$91B
$9.58M 0.08%
117,778
+300
+0.3% +$24.8K
PXD
213
DELISTED
Pioneer Natural Resource Co.
PXD
$9.56M 0.08%
50,502
+400
+0.8% +$76.6K
ALL icon
214
Allstate
ALL
$67.5B
$9.49M 0.08%
104,037
-300
-0.3% -$28.5K
EL icon
215
Estee Lauder
EL
$32B
$9.46M 0.07%
66,318
+200
+0.3% +$29.6K
TEL icon
216
TE Connectivity
TEL
$62.6B
$9.34M 0.07%
103,676
+300
+0.3% +$28.7K
SRE icon
217
Sempra
SRE
$54.8B
$9.08M 0.07%
156,476
+6,200
+4% +$339K
STI
218
DELISTED
SunTrust Banks, Inc.
STI
$9.08M 0.07%
137,592
-300
-0.2% -$20.4K
EW icon
219
Edwards Lifesciences
EW
$51.7B
$9.08M 0.07%
187,068
+1,500
+0.8% +$70K
ZVO
220
DELISTED
Zovio Inc. Common Stock
ZVO
$8.84M 0.07%
1,353,331
– –
ADSK icon
221
Autodesk
ADSK
$52.6B
$8.51M 0.07%
64,920
+100
+0.2% +$13.2K
OKE icon
222
Oneok
OKE
$54.5B
$8.5M 0.07%
121,726
+800
+0.7% +$51.5K
ROP icon
223
Roper Technologies
ROP
$39.8B
$8.42M 0.07%
30,502
+200
+0.7% +$55.2K
LRCX icon
224
Lam Research
LRCX
$390B
$8.39M 0.07%
485,600
+6,000
+1% +$116K
TROW icon
225
T. Rowe Price
TROW
$24.3B
$8.32M 0.07%
71,661
-400
-0.6% -$46.5K
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 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.