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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
+5.02%
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
$12.4B
AUM Growth
-$886M
Cap. Flow
-$1.43B
Cap. Flow %
-11.61%
Top 10 Hldgs %
23.49%
Holding
969
New
21
Increased
50
Reduced
850
Closed
25

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$128M
2
ALLY icon
Ally Financial
ALLY
+$52.1M
3
MCHP icon
Microchip Technology
MCHP
+$29.8M
4
DGX icon
Quest Diagnostics
DGX
+$28.6M
5
CVS icon
CVS Health
CVS
+$26.6M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$200M
2
AAPL icon
Apple
AAPL
+$187M
3
WTW icon
Willis Towers Watson
WTW
+$147M
4
GILD icon
Gilead Sciences
GILD
+$84.4M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 19.42%
2 Technology 14.12%
3 Healthcare 14.08%
4 Communication Services 10.65%
5 Industrials 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYY icon
226
Sysco
SYY
$39.9B
$7.95M 0.06%
147,379
-14,400
-9% -$749K
PPL
227
PPL Corp
PPL
$26.7B
$7.87M 0.06%
207,266
-17,300
-8% -$669K
WELL icon
228
Welltower
WELL
$171B
$7.87M 0.06%
111,909
-8,400
-7% -$611K
APH icon
229
Amphenol
APH
$207B
$7.84M 0.06%
370,608
-31,200
-8% -$613K
WY icon
230
Weyerhaeuser
WY
$18.5B
$7.78M 0.06%
228,461
-18,500
-7% -$607K
WDC icon
231
Western Digital
WDC
$151B
$7.73M 0.06%
118,341
-8,335
-7% -$553K
PCAR icon
232
PACCAR
PCAR
$69.2B
$7.71M 0.06%
159,927
-13,200
-8% -$595K
YUM icon
233
Yum! Brands
YUM
$41.3B
$7.7M 0.06%
104,654
-4,100
-4% -$308K
EIX icon
234
Edison International
EIX
$26.4B
$7.63M 0.06%
98,884
-8,200
-8% -$649K
PXD
235
DELISTED
Pioneer Natural Resource Co.
PXD
$7.61M 0.06%
51,602
-4,300
-8% -$618K
ED icon
236
Consolidated Edison
ED
$39.6B
$7.59M 0.06%
94,028
-6,300
-6% -$522K
ROP icon
237
Roper Technologies
ROP
$39.5B
$7.55M 0.06%
31,002
-2,500
-7% -$587K
WMB icon
238
Williams Companies
WMB
$87B
$7.53M 0.06%
250,886
-20,700
-8% -$630K
BSMX
239
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$7.51M 0.06%
744,300
– –
AVB icon
240
AvalonBay Communities
AVB
$26.7B
$7.48M 0.06%
41,923
-3,400
-8% -$637K
ADSK icon
241
Autodesk
ADSK
$52.5B
$7.47M 0.06%
66,520
+2,800
+4% +$309K
MTB icon
242
M&T Bank
MTB
$36.2B
$7.42M 0.06%
46,070
-4,500
-9% -$707K
EQR icon
243
Equity Residential
EQR
$25.1B
$7.35M 0.06%
111,503
-9,200
-8% -$616K
DLR icon
244
Digital Realty Trust
DLR
$72.2B
$7.34M 0.06%
62,060
+9,600
+18% +$1.11M
HPE icon
245
Hewlett Packard
HPE
$69.4B
$7.33M 0.06%
498,497
-206,711
-29% -$2.82M
EL icon
246
Estee Lauder
EL
$31.5B
$7.32M 0.06%
67,918
-5,700
-8% -$585K
XEL icon
247
Xcel Energy
XEL
$48.6B
$7.29M 0.06%
154,034
-12,800
-8% -$614K
DFS
248
DELISTED
Discover Financial Services
DFS
$7.28M 0.06%
112,943
-12,000
-10% -$728K
ADM icon
249
Archer Daniels Midland
ADM
$37.2B
$7.26M 0.06%
170,700
-16,800
-9% -$708K
ZBH icon
250
Zimmer Biomet
ZBH
$18.3B
$7.18M 0.06%
63,183
-4,944
-7% -$571K
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 Q3 2017 Portfolio in Review

As of Q3 2017, State of Michigan Retirement System held 969 positions worth $12.4B, down 6.7% from $13.2B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $1.43B in Q3 2017, closing 25 positions and reducing 850 holdings. Its most notable exit was Reynolds American Inc, an estimated $36.2M position sold in full.

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

Against the trend, State of Michigan Retirement System opened a new position in British American Tobacco worth $24.6M.

  • State of Michigan Retirement System's largest Q3 2017 buy was British American Tobacco: 393,715 shares worth $24.6M.
  • State of Michigan Retirement System added most to AGNC Investment in Q3 2017, an estimated $128M increase.
  • State of Michigan Retirement System's biggest Q3 2017 reduction was JPMorgan Chase, cutting an estimated $200M.
  • State of Michigan Retirement System fully exited Reynolds American Inc in Q3 2017, selling an estimated $36.2M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q3 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 25 in Q3 2017.
  • State of Michigan Retirement System's portfolio value fell 6.7% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2017, filed 19 Oct 2017.