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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
+0.33%
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
$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
AAPL icon
1
Apple
AAPL
$5.03T
$431M 3.47%
10,272,364
-45,200
-0.4% -$1.95M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$374M 3.01%
1,422,650
– –
GILD icon
3
Gilead Sciences
GILD
$166B
$317M 2.56%
4,210,424
+1,502,700
+55% +$119M
MSFT icon
4
Microsoft
MSFT
$2.95T
$268M 2.16%
2,939,317
+5,500
+0.2% +$503K
AGNC icon
5
AGNC Investment
AGNC
$12.8B
$267M 2.15%
14,105,800
+4,500,000
+47% +$85.4M
JPM icon
6
JPMorgan Chase
JPM
$925B
$240M 1.93%
2,184,700
-6,700
-0.3% -$759K
WFC icon
7
Wells Fargo
WFC
$256B
$230M 1.85%
4,394,297
-6,700
-0.2% -$398K
AMZN icon
8
Amazon
AMZN
$2.49T
$230M 1.85%
3,182,040
+22,000
+0.7% +$1.57M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.16T
$227M 1.83%
4,374,760
+10,000
+0.2% +$554K
BRK.B icon
10
Berkshire Hathaway Class B
BRK.B
$1.1T
$218M 1.75%
1,092,362
-1,297,600
-54% -$266M
AFL icon
11
Aflac
AFL
$65.5B
$213M 1.72%
4,875,939
-728,025
-13% -$32.2M
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$199M 1.6%
1,246,916
-133,700
-10% -$24M
V icon
13
Visa
V
$702B
$189M 1.52%
1,578,744
-800
-0.1% -$97K
CVS icon
14
CVS Health
CVS
$137B
$184M 1.48%
2,949,840
+1,700
+0.1% +$122K
HD icon
15
Home Depot
HD
$339B
$172M 1.38%
963,828
+1,500
+0.2% +$281K
VZ icon
16
Verizon
VZ
$196B
$139M 1.12%
2,907,034
-3,750,784
-56% -$189M
TWO
17
Two Harbors Investment
TWO
$1.27B
$129M 1.04%
2,095,536
+145,000
+7% +$8.91M
JNJ icon
18
Johnson & Johnson
JNJ
$640B
$126M 1.01%
981,964
+2,400
+0.2% +$324K
XYZ
19
Block Inc
XYZ
$49.6B
$125M 1.01%
2,540,500
+1,146,219
+82% +$52.6M
ZTS icon
20
Zoetis
ZTS
$32.5B
$122M 0.98%
1,463,492
+700
+0% +$55.1K
ADBE icon
21
Adobe
ADBE
$104B
$113M 0.91%
524,053
+300
+0.1% +$61K
AXP icon
22
American Express
AXP
$226B
$110M 0.89%
1,180,301
+320,900
+37% +$31.1M
INTC icon
23
Intel
INTC
$434B
$107M 0.86%
2,051,011
+5,900
+0.3% +$280K
ALLY icon
24
Ally Financial
ALLY
$13.3B
$102M 0.82%
3,762,933
– –
EXC icon
25
Exelon
EXC
$47.8B
$95.1M 0.77%
3,419,614
+3,025,095
+767% +$81.7M
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 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.