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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
APH icon
226
Amphenol
APH
$210B
$7.86M 0.06%
358,208
-12,400
-3% -$273K
PH icon
227
Parker-Hannifin
PH
$135B
$7.8M 0.06%
39,095
-1,300
-3% -$242K
WY icon
228
Weyerhaeuser
WY
$18.3B
$7.8M 0.06%
221,261
-7,200
-3% -$255K
ROP icon
229
Roper Technologies
ROP
$39.3B
$7.77M 0.06%
30,002
-1,000
-3% -$257K
ED icon
230
Consolidated Edison
ED
$40.2B
$7.72M 0.06%
90,928
-3,100
-3% -$266K
MNST icon
231
Monster Beverage
MNST
$92.1B
$7.64M 0.06%
241,384
-10,400
-4% -$311K
PEG icon
232
Public Service Enterprise Group
PEG
$37.4B
$7.64M 0.06%
148,322
-5,200
-3% -$262K
SWK icon
233
Stanley Black & Decker
SWK
$15.3B
$7.63M 0.06%
44,948
-1,500
-3% -$246K
MTB icon
234
M&T Bank
MTB
$36.1B
$7.55M 0.06%
44,170
-1,900
-4% -$315K
FCX icon
235
Freeport-McMoran
FCX
$95.5B
$7.48M 0.06%
394,623
-13,700
-3% -$207K
SSYS icon
236
Stratasys
SSYS
$760M
$7.48M 0.06%
374,603
– –
DLTR icon
237
Dollar Tree
DLTR
$24.9B
$7.46M 0.06%
69,510
-2,400
-3% -$235K
TROW icon
238
T. Rowe Price
TROW
$24.2B
$7.46M 0.06%
71,061
-1,900
-3% -$185K
ROK icon
239
Rockwell Automation
ROK
$49.1B
$7.4M 0.06%
37,690
-1,300
-3% -$248K
WMB icon
240
Williams Companies
WMB
$87.8B
$7.39M 0.06%
242,386
-8,500
-3% -$247K
AMP icon
241
Ameriprise Financial
AMP
$49.5B
$7.34M 0.06%
43,316
-2,200
-5% -$353K
PCAR icon
242
PACCAR
PCAR
$69.5B
$7.33M 0.06%
154,677
-5,250
-3% -$248K
HCA icon
243
HCA Healthcare
HCA
$88.5B
$7.29M 0.06%
83,020
-4,700
-5% -$378K
AVB icon
244
AvalonBay Communities
AVB
$26.6B
$7.23M 0.06%
40,523
-1,400
-3% -$254K
ZBH icon
245
Zimmer Biomet
ZBH
$18.5B
$7.16M 0.06%
61,123
-2,060
-3% -$233K
XEL icon
246
Xcel Energy
XEL
$48.1B
$7.16M 0.06%
148,834
-5,200
-3% -$258K
KR icon
247
Kroger
KR
$35.1B
$7.16M 0.06%
260,776
-11,500
-4% -$268K
VFC icon
248
VF Corp
VFC
$5.8B
$7.11M 0.06%
102,088
-3,186
-3% -$210K
DG icon
249
Dollar General
DG
$28.1B
$7.1M 0.06%
76,342
-2,700
-3% -$232K
TSN icon
250
Tyson Foods
TSN
$20.6B
$7.07M 0.06%
87,236
-500
-0.6% -$38.3K
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 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.