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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
+6.32%
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
$12.9B
AUM Growth
+$331M
Cap. Flow
-$338M
Cap. Flow %
-2.62%
Top 10 Hldgs %
25.74%
Holding
977
New
19
Increased
588
Reduced
263
Closed
32

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$100M
2
DIS icon
Walt Disney
DIS
+$63.1M
3
SHW icon
Sherwin-Williams
SHW
+$57.5M
4
ZTS icon
Zoetis
ZTS
+$35.8M
5
CELG
Celgene Corp
CELG
+$33.7M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$53.2M
2
TMO icon
Thermo Fisher Scientific
TMO
+$51.1M
3
CVS icon
CVS Health
CVS
+$49.2M
4
BMY icon
Bristol-Myers Squibb
BMY
+$48.9M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.6M

Sector Composition

Rank Sector Weight
1 Financials 20.57%
2 Technology 14.12%
3 Healthcare 12.64%
4 Communication Services 11.19%
5 Industrials 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
26
GE Aerospace
GE
$380B
$102M 0.79%
712,969
-5,676
-0.8% -$822K
HON icon
27
Honeywell
HON
$73.7B
$99.7M 0.77%
883,619
-18,044
-2% -$1.99M
CMCSA icon
28
Comcast
CMCSA
$91B
$89M 0.69%
2,368,322
-64,600
-3% -$2.4M
PM icon
29
Philip Morris
PM
$290B
$87.7M 0.68%
776,465
-16,800
-2% -$1.73M
GOOG icon
30
Alphabet (Google) Class C
GOOG
$4.21T
$80.5M 0.62%
1,940,340
– –
INTC icon
31
Intel
INTC
$491B
$80.3M 0.62%
2,226,211
+3,200
+0.1% +$116K
BAC icon
32
Bank of America
BAC
$447B
$77.7M 0.6%
3,292,935
-95,382
-3% -$2.26M
AXP icon
33
American Express
AXP
$230B
$76M 0.59%
960,496
-56,800
-6% -$4.44M
ZTS icon
34
Zoetis
ZTS
$30.9B
$74.3M 0.57%
1,391,592
+662,100
+91% +$35.8M
MRK icon
35
Merck
MRK
$322B
$71.5M 0.55%
1,179,366
+210
+0% +$12.7K
ORCL icon
36
Oracle
ORCL
$418B
$69.5M 0.54%
1,558,260
-126,500
-8% -$5.27M
SHW icon
37
Sherwin-Williams
SHW
$88.3B
$67.2M 0.52%
650,073
+570,900
+721% +$57.5M
CVX icon
38
Chevron
CVX
$385B
$66.8M 0.52%
621,868
-7,000
-1% -$785K
CELG
39
DELISTED
Celgene Corp
CELG
$66.6M 0.52%
535,552
+282,000
+111% +$33.7M
WMT icon
40
Walmart Inc
WMT
$898B
$62.2M 0.48%
2,589,702
-225,900
-8% -$5.2M
USB icon
41
US Bancorp
USB
$100B
$61.4M 0.47%
1,191,642
-65,500
-5% -$3.49M
ABBV icon
42
AbbVie
ABBV
$442B
$61.3M 0.47%
941,203
-7,900
-0.8% -$497K
UPS icon
43
United Parcel Service
UPS
$88.7B
$60.5M 0.47%
563,386
+900
+0.2% +$98.3K
FTAI icon
44
FTAI Aviation
FTAI
$22.7B
$56.3M 0.44%
4,422,777
– –
ARI
45
Apollo Commercial Real Estate
ARI
$880M
$56.1M 0.43%
2,980,768
– –
CSCO icon
46
Cisco
CSCO
$475B
$55.6M 0.43%
1,644,891
-245,000
-13% -$7.95M
RTX icon
47
RTX Corp
RTX
$301B
$55.4M 0.43%
784,812
-108,370
-12% -$7.6M
BKNG icon
48
Booking.com
BKNG
$160B
$54.9M 0.42%
770,625
-257,500
-25% -$17M
C icon
49
Citigroup
C
$227B
$54.4M 0.42%
910,056
-50,226
-5% -$2.97M
IJH icon
50
iShares Core S&P Mid-Cap ETF
IJH
$127B
$54M 0.42%
1,577,500
– –
1
2
3 4 5

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return

State of Michigan Retirement System's Q1 2017 Portfolio in Review

As of Q1 2017, State of Michigan Retirement System held 977 positions worth $12.9B, up 2.6% from $12.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Michigan Retirement System's Q1 2017 filing shows 19 new, 588 increased, 263 reduced and 32 closed positions. Its largest new stake was Archer Daniels Midland: 187,600 shares worth $8.64M. The largest sale was Constellation Brands, an estimated $53.2M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2017 buy was Archer Daniels Midland: 187,600 shares worth $8.64M.
  • State of Michigan Retirement System added most to Procter & Gamble in Q1 2017, an estimated $100M increase.
  • State of Michigan Retirement System's biggest Q1 2017 reduction was Constellation Brands, cutting an estimated $53.2M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2017, selling an estimated $48.6M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $12.9B portfolio in Q1 2017.
  • State of Michigan Retirement System opened 19 new positions and closed 32 in Q1 2017.
  • State of Michigan Retirement System's portfolio value rose 2.6% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2017, filed 1 May 2017.