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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+3.07%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AAPL icon
1
Apple
AAPL
$4.9T
$543M 4.1%
15,069,240
-1,879,600
-11% -$69.5M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.06T
$473M 3.58%
2,795,162
+300
+0% +$49.9K
JPM icon
3
JPMorgan Chase
JPM
$907B
$404M 3.05%
4,414,800
-255,700
-5% -$22.1M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$354M 2.67%
1,462,650
+103,200
+8% +$24.7M
VZ icon
5
Verizon
VZ
$182B
$312M 2.36%
6,989,118
+1,800
+0% +$83.8K
WFC icon
6
Wells Fargo
WFC
$265B
$285M 2.15%
5,139,997
-341,000
-6% -$18.3M
META icon
7
Meta Platforms (Facebook)
META
$1.64T
$228M 1.72%
1,507,316
-151,800
-9% -$22.6M
GILD icon
8
Gilead Sciences
GILD
$167B
$224M 1.69%
3,158,901
-16,900
-0.5% -$1.12M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.23T
$222M 1.68%
4,784,760
+4,000
+0.1% +$187K
MSFT icon
10
Microsoft
MSFT
$2.93T
$221M 1.67%
3,209,717
-1,000
-0% -$68.6K
AFL icon
11
Aflac
AFL
$63.5B
$219M 1.65%
5,634,364
-2,800
-0% -$105K
PG icon
12
Procter & Gamble
PG
$349B
$204M 1.54%
2,344,203
+150,900
+7% +$13.3M
HD icon
13
Home Depot
HD
$338B
$183M 1.38%
1,192,128
-277,900
-19% -$42.6M
VR
14
DELISTED
Validus Hold Ltd
VR
$177M 1.34%
3,408,643
– –
AMZN icon
15
Amazon
AMZN
$2.66T
$166M 1.25%
3,424,040
+6,000
+0.2% +$286K
CVS icon
16
CVS Health
CVS
$137B
$162M 1.22%
2,013,440
+573,900
+40% +$45.3M
TWO
17
Two Harbors Investment
TWO
$1.27B
$155M 1.17%
1,950,536
– –
WTW icon
18
Willis Towers Watson
WTW
$27.7B
$149M 1.13%
1,025,155
-300
-0% -$41.9K
JNJ icon
19
Johnson & Johnson
JNJ
$609B
$143M 1.08%
1,077,464
-5,900
-0.5% -$753K
DIS icon
20
Walt Disney
DIS
$170B
$133M 1.01%
1,255,253
-99,800
-7% -$10.9M
V icon
21
Visa
V
$682B
$125M 0.94%
1,329,744
-3,600
-0.3% -$334K
XOM icon
22
ExxonMobil
XOM
$611B
$112M 0.85%
1,392,532
+30,500
+2% +$2.5M
ADBE icon
23
Adobe
ADBE
$94.3B
$107M 0.81%
754,853
-122,300
-14% -$16.7M
PFE icon
24
Pfizer
PFE
$143B
$103M 0.78%
3,242,975
+6,641
+0.2% +$209K
T icon
25
AT&T
T
$152B
$103M 0.78%
3,606,919
+4,237
+0.1% +$125K
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.