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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
+6.41%
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
+$329M
Cap. Flow
-$336M
Cap. Flow %
-2.65%
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$49.6M
2
CVS icon
CVS Health
CVS
+$43.5M
3
AGNC icon
AGNC Investment
AGNC
+$41M
4
GPMT
Granite Point Mortgage Trust
GPMT
+$26.9M
5
MCHP icon
Microchip Technology
MCHP
+$19.1M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$72.5M
2
VR
Validus Hold Ltd
VR
+$39.5M
3
XYZ
Block Inc
XYZ
+$34.6M
4
DIS icon
Walt Disney
DIS
+$33.5M
5
ADBE icon
Adobe
ADBE
+$31.9M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Technology 14.55%
3 Healthcare 13.76%
4 Communication Services 10.45%
5 Industrials 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADBE icon
26
Adobe
ADBE
$106B
$91.8M 0.72%
523,753
-185,300
-26% -$31.9M
PFE icon
27
Pfizer
PFE
$152B
$85.4M 0.67%
2,485,043
-67,035
-3% -$2.29M
AXP icon
28
American Express
AXP
$230B
$85.3M 0.67%
859,401
-11,500
-1% -$1.1M
BAC icon
29
Bank of America
BAC
$446B
$83.9M 0.66%
2,843,535
-133,900
-4% -$3.69M
T icon
30
AT&T
T
$167B
$82.8M 0.65%
2,818,609
-83,810
-3% -$2.29M
FTAI icon
31
FTAI Aviation
FTAI
$22.5B
$75.3M 0.59%
4,422,777
– –
SHW icon
32
Sherwin-Williams
SHW
$88.1B
$73.4M 0.58%
537,273
-107,700
-17% -$14.2M
CMCSA icon
33
Comcast
CMCSA
$90.4B
$71.8M 0.57%
1,792,122
-61,900
-3% -$2.33M
DIS icon
34
Walt Disney
DIS
$179B
$71.3M 0.56%
662,753
-325,600
-33% -$33.5M
IBM icon
35
IBM
IBM
$226B
$70.7M 0.56%
482,088
-11,087
-2% -$1.61M
CVX icon
36
Chevron
CVX
$387B
$69.7M 0.55%
556,768
-18,300
-3% -$2.17M
ARI
37
Apollo Commercial Real Estate
ARI
$879M
$68.5M 0.54%
3,714,968
+734,200
+25% +$13.5M
PM icon
38
Philip Morris
PM
$289B
$65.5M 0.52%
619,765
-16,000
-3% -$1.7M
MO icon
39
Altria Group
MO
$108B
$65.2M 0.51%
912,502
-22,800
-2% -$1.53M
ABBV icon
40
AbbVie
ABBV
$439B
$64.8M 0.51%
670,103
-16,400
-2% -$1.55M
IJH icon
41
iShares Core S&P Mid-Cap ETF
IJH
$127B
$64.3M 0.51%
1,694,500
-73,000
-4% -$2.7M
TMO icon
42
Thermo Fisher Scientific
TMO
$222B
$64M 0.5%
336,831
-3,900
-1% -$747K
BA icon
43
Boeing
BA
$185B
$63.9M 0.5%
216,750
-4,500
-2% -$1.22M
XLF icon
44
State Street Financial Select Sector SPDR ETF
XLF
$59.1B
$63.3M 0.5%
2,267,600
– –
UNH icon
45
UnitedHealth
UNH
$367B
$62.6M 0.49%
284,113
-9,300
-3% -$1.97M
MON
46
DELISTED
Monsanto Co
MON
$61.7M 0.49%
528,763
+63,400
+14% +$7.54M
USB icon
47
US Bancorp
USB
$99.9B
$60.6M 0.48%
1,130,742
-20,100
-2% -$1.08M
ACN icon
48
Accenture
ACN
$110B
$59.8M 0.47%
390,586
-6,300
-2% -$913K
RTX icon
49
RTX Corp
RTX
$302B
$59.4M 0.47%
739,525
-12,236
-2% -$929K
CELG
50
DELISTED
Celgene Corp
CELG
$58.2M 0.46%
557,752
-6,700
-1% -$756K
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 Q4 2017 Portfolio in Review

As of Q4 2017, State of Michigan Retirement System held 955 positions worth $12.7B, up 2.7% from $12.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2017: portfolio turnover was 2.8%. State of Michigan Retirement System opened 11 new positions and exited 16, leaving the 955-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q4 2017 buy was Granite Point Mortgage Trust: 1,478,739 shares worth $26.2M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q4 2017, an estimated $49.6M increase.
  • State of Michigan Retirement System's biggest Q4 2017 reduction was Validus Hold Ltd, cutting an estimated $39.5M.
  • State of Michigan Retirement System fully exited Honeywell in Q4 2017, selling an estimated $72.5M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.7B portfolio in Q4 2017.
  • State of Michigan Retirement System opened 11 new positions and closed 16 in Q4 2017.
  • State of Michigan Retirement System's portfolio value rose 2.7% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2017, filed 1 Feb 2018.