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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 16.74%
2 Technology 15.84%
3 Healthcare 15.39%
4 Consumer Discretionary 9.05%
5 Communication Services 8.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$460M 3.64%
9,950,364
-322,000
-3% -$14.6M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$403M 3.19%
1,487,150
+64,500
+5% +$17.4M
AGNC icon
3
AGNC Investment
AGNC
$12B
$345M 2.72%
18,541,100
+4,435,300
+31% +$83.8M
GILD icon
4
Gilead Sciences
GILD
$182B
$298M 2.35%
4,209,724
-700
-0% -$49.4K
MSFT icon
5
Microsoft
MSFT
$3.75T
$291M 2.29%
2,947,117
+7,800
+0.3% +$756K
AMZN icon
6
Amazon
AMZN
$2.73T
$272M 2.15%
3,200,040
+18,000
+0.6% +$1.43M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.27T
$248M 1.96%
4,386,760
+12,000
+0.3% +$653K
WFC icon
8
Wells Fargo
WFC
$268B
$244M 1.93%
4,400,297
+6,000
+0.1% +$321K
META icon
9
Meta Platforms (Facebook)
META
$1.7T
$233M 1.84%
1,200,616
-46,300
-4% -$8.37M
JPM icon
10
JPMorgan Chase
JPM
$931B
$227M 1.8%
2,182,400
-2,300
-0.1% -$252K
V icon
11
Visa
V
$701B
$202M 1.59%
1,524,844
-53,900
-3% -$6.94M
BRK.B icon
12
Berkshire Hathaway Class B
BRK.B
$1.1T
$201M 1.59%
1,078,062
-14,300
-1% -$2.79M
HD icon
13
Home Depot
HD
$310B
$179M 1.42%
919,428
-44,400
-5% -$8.29M
EXC icon
14
Exelon
EXC
$44B
$178M 1.41%
5,868,487
+2,448,873
+72% +$70.1M
CVS icon
15
CVS Health
CVS
$122B
$170M 1.34%
2,645,040
-304,800
-10% -$20.1M
VZ icon
16
Verizon
VZ
$213B
$139M 1.1%
2,772,615
-134,419
-5% -$6.51M
TWO
17
DELISTED
Two Harbors Investment
TWO
$132M 1.05%
2,095,536
– –
ZTS icon
18
Zoetis
ZTS
$30.4B
$125M 0.98%
1,463,292
-200
-0% -$16.9K
AXP icon
19
American Express
AXP
$221B
$116M 0.91%
1,179,701
-600
-0.1% -$59K
JNJ icon
20
Johnson & Johnson
JNJ
$642B
$114M 0.9%
941,664
-40,300
-4% -$5.03M
ARI
21
Apollo Commercial Real Estate
ARI
$845M
$108M 0.85%
5,919,968
+735,000
+14% +$13.5M
XOM icon
22
ExxonMobil
XOM
$679B
$104M 0.82%
1,253,532
+6,000
+0.5% +$478K
INTC icon
23
Intel
INTC
$514B
$102M 0.81%
2,052,911
+1,900
+0.1% +$101K
GOOG icon
24
Alphabet (Google) Class C
GOOG
$4.23T
$100M 0.79%
1,798,340
+6,000
+0.3% +$324K
ALLY icon
25
Ally Financial
ALLY
$12.8B
$98.9M 0.78%
3,762,933
– –
1
2 3 4 5

Similar funds

GT
Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM
EIM
Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return
CIG
Capricorn Investment Group Palo Alto, California $22.5B AUM 50.37% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.7B AUM 32.92% 1-Year Est. Return
CB
Commerce Bank Kansas City, Missouri $22.8B AUM 28.56% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $22.3B AUM 36.19% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $22.3B AUM 79.91% 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.