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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
PGR icon
251
Progressive
PGR
$125B
$7.55M 0.06%
212,781
-13,264
-6% -$439K
GLW icon
252
Corning
GLW
$143B
$7.55M 0.06%
311,069
-50,752
-14% -$1.21M
CAH icon
253
Cardinal Health
CAH
$55.4B
$7.54M 0.06%
104,715
-321,116
-75% -$23.2M
LH icon
254
Labcorp
LH
$25.9B
$7.51M 0.06%
68,091
-2,346
-3% -$261K
MU icon
255
Micron Technology
MU
$991B
$7.4M 0.06%
337,644
-24,776
-7% -$465K
WY icon
256
Weyerhaeuser
WY
$18.4B
$7.36M 0.06%
244,661
-16,668
-6% -$514K
ED icon
257
Consolidated Edison
ED
$39.9B
$7.34M 0.06%
99,628
-6,624
-6% -$479K
PCAR icon
258
PACCAR
PCAR
$70.1B
$7.32M 0.06%
171,927
-11,622
-6% -$469K
ADI icon
259
Analog Devices
ADI
$190B
$7.32M 0.06%
100,757
-6,548
-6% -$445K
PEG icon
260
Public Service Enterprise Group
PEG
$37.7B
$7.26M 0.06%
165,422
-11,108
-6% -$463K
VTR icon
261
Ventas
VTR
$47.9B
$7.24M 0.06%
115,810
-6,772
-6% -$429K
YUM icon
262
Yum! Brands
YUM
$41.1B
$7.22M 0.06%
114,054
-65,788
-37% -$4.13M
TT icon
263
Trane Technologies
TT
$106B
$7.15M 0.06%
95,340
-5,576
-6% -$402K
CCL icon
264
Carnival Corporation Ltd
CCL
$39.7B
$7.14M 0.06%
137,160
-13,900
-9% -$696K
IP icon
265
International Paper
IP
$22B
$7.13M 0.06%
142,003
-9,492
-6% -$439K
SHW icon
266
Sherwin-Williams
SHW
$89.8B
$7.09M 0.06%
79,173
-4,812
-6% -$425K
HCA icon
267
HCA Healthcare
HCA
$89.5B
$7.08M 0.06%
95,620
-7,480
-7% -$560K
NWL icon
268
Newell Brands
NWL
$2.56B
$7.04M 0.06%
157,771
-10,472
-6% -$507K
WMB icon
269
Williams Companies
WMB
$86.1B
$6.96M 0.06%
223,486
-14,856
-6% -$448K
CMI icon
270
Cummins
CMI
$88.7B
$6.9M 0.05%
50,464
-3,660
-7% -$490K
UAL icon
271
United Airlines
UAL
$42.1B
$6.88M 0.05%
94,444
-7,956
-8% -$507K
EFX icon
272
Equifax
EFX
$21.4B
$6.83M 0.05%
57,746
-2,456
-4% -$300K
ZBH icon
273
Zimmer Biomet
ZBH
$18.4B
$6.76M 0.05%
67,509
-4,388
-6% -$470K
XEL icon
274
Xcel Energy
XEL
$48.8B
$6.76M 0.05%
166,134
-11,132
-6% -$445K
FITB
275
Fifth Third Bancorp
FITB
$51.8B
$6.66M 0.05%
247,104
-20,408
-8% -$489K
9 10
11
12 13

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.