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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
+6.25%
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
$12.6B
AUM Growth
-$76.6M
Cap. Flow
-$520M
Cap. Flow %
-4.13%
Top 10 Hldgs %
25.12%
Holding
984
New
19
Increased
178
Reduced
571
Closed
26

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$68.8M
2
STZ icon
Constellation Brands
STZ
+$53.4M
3
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$49.3M
4
BKNG icon
Booking.com
BKNG
+$35.5M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$34.7M

Top Sells

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$96.8M
2
XYZ
Block Inc
XYZ
+$95M
3
WFC icon
Wells Fargo
WFC
+$52M
4
TSCO icon
Tractor Supply
TSCO
+$42.8M
5
REGN icon
Regeneron Pharmaceuticals
REGN
+$32.1M

Sector Composition

Rank Sector Weight
1 Financials 21.22%
2 Technology 13.58%
3 Healthcare 13.28%
4 Communication Services 10.66%
5 Industrials 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APH icon
226
Amphenol
APH
$209B
$8.77M 0.07%
522,208
-27,488
-5% -$458K
FSLR icon
227
First Solar
FSLR
$26.9B
$8.75M 0.07%
272,623
-1,356
-0.5% -$47.6K
BG icon
228
Bunge Global
BG
$20.8B
$8.72M 0.07%
120,775
-18,825
-13% -$1.25M
MPC icon
229
Marathon Petroleum
MPC
$83.7B
$8.69M 0.07%
172,566
-12,020
-7% -$546K
MAR icon
230
Marriott International
MAR
$92.3B
$8.66M 0.07%
104,752
-7,441
-7% -$560K
ORLY icon
231
O'Reilly Automotive
ORLY
$76.3B
$8.59M 0.07%
462,705
-34,800
-7% -$636K
NTRS icon
232
Northern Trust
NTRS
$33.9B
$8.52M 0.07%
95,654
-4,652
-5% -$370K
EQIX icon
233
Equinix
EQIX
$103B
$8.34M 0.07%
23,338
-1,484
-6% -$519K
HPQ icon
234
HP
HPQ
$27.5B
$8.3M 0.07%
559,525
-37,588
-6% -$569K
SRE icon
235
Sempra
SRE
$54.8B
$8.23M 0.07%
163,476
-10,912
-6% -$555K
ATVI
236
DELISTED
Activision Blizzard
ATVI
$8.08M 0.06%
223,644
-14,456
-6% -$578K
TEL icon
237
TE Connectivity
TEL
$62.6B
$8.05M 0.06%
116,176
-7,920
-6% -$525K
RPT
238
Rithm Property Trust
RPT
$93.7M
$8.03M 0.06%
104,364
+87,459
+517% +$6.88M
ISRG icon
239
Intuitive Surgical
ISRG
$134B
$8.03M 0.06%
113,904
-6,552
-5% -$482K
SWK icon
240
Stanley Black & Decker
SWK
$15.7B
$7.96M 0.06%
69,448
-3,288
-5% -$392K
AVB icon
241
AvalonBay Communities
AVB
$26.8B
$7.96M 0.06%
44,923
-2,996
-6% -$505K
WELL icon
242
Welltower
WELL
$171B
$7.94M 0.06%
118,609
-6,268
-5% -$415K
MTB icon
243
M&T Bank
MTB
$36.2B
$7.93M 0.06%
50,670
-4,060
-7% -$549K
AAL icon
244
American Airlines Group
AAL
$10.6B
$7.91M 0.06%
169,456
-15,444
-8% -$673K
DG icon
245
Dollar General
DG
$27.9B
$7.86M 0.06%
106,142
-7,300
-6% -$533K
DVN icon
246
Devon Energy
DVN
$47.3B
$7.82M 0.06%
171,263
-11,448
-6% -$505K
EA
247
DELISTED
Electronic Arts
EA
$7.77M 0.06%
98,706
-6,276
-6% -$505K
EQR icon
248
Equity Residential
EQR
$25.1B
$7.7M 0.06%
119,603
-7,964
-6% -$489K
EIX icon
249
Edison International
EIX
$26.4B
$7.67M 0.06%
106,584
-7,112
-6% -$502K
PPL
250
PPL Corp
PPL
$26.7B
$7.57M 0.06%
222,266
-14,384
-6% -$482K
8 9
10
11 12

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2016 Portfolio in Review

As of Q4 2016, State of Michigan Retirement System held 984 positions worth $12.6B, down 0.6% from $12.7B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System withdrew a net $520M in Q4 2016, closing 26 positions and reducing 571 holdings. Its most notable exit was iShares Core S&P Small-Cap ETF, an estimated $23.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in iShares Core US Aggregate Bond ETF worth $48.6M.

  • State of Michigan Retirement System's largest Q4 2016 buy was iShares Core US Aggregate Bond ETF: 450,000 shares worth $48.6M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2016, an estimated $68.8M increase.
  • State of Michigan Retirement System's biggest Q4 2016 reduction was Cisco, cutting an estimated $96.8M.
  • State of Michigan Retirement System fully exited iShares Core S&P Small-Cap ETF in Q4 2016, selling an estimated $23.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.6B portfolio in Q4 2016.
  • State of Michigan Retirement System opened 19 new positions and closed 26 in Q4 2016.
  • State of Michigan Retirement System's portfolio value fell 0.6% quarter-over-quarter to $12.6B.

Based on State of Michigan Retirement System's 13F filing for Q4 2016, filed 2 Feb 2017.