We are live on ! Find out more
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
IP icon
251
International Paper
IP
$22.1B
$7.12M 0.06%
132,288
-10,983
-8% -$578K
PEG icon
252
Public Service Enterprise Group
PEG
$37.8B
$7.1M 0.06%
153,522
-12,700
-8% -$575K
BCR
253
DELISTED
CR Bard Inc.
BCR
$7.08M 0.06%
22,077
-1,700
-7% -$544K
PH icon
254
Parker-Hannifin
PH
$136B
$7.07M 0.06%
40,395
-3,400
-8% -$558K
SYF icon
255
Synchrony
SYF
$25.5B
$7.05M 0.06%
226,910
-26,200
-10% -$784K
VTR icon
256
Ventas
VTR
$47.6B
$7.04M 0.06%
108,110
-8,500
-7% -$573K
SWK icon
257
Stanley Black & Decker
SWK
$15.7B
$7.01M 0.06%
46,448
-3,800
-8% -$546K
EW icon
258
Edwards Lifesciences
EW
$51.6B
$7M 0.06%
192,168
-14,700
-7% -$561K
HCA icon
259
HCA Healthcare
HCA
$89.1B
$6.98M 0.06%
87,720
-6,300
-7% -$507K
MNST icon
260
Monster Beverage
MNST
$88.1B
$6.96M 0.06%
251,784
-13,200
-5% -$356K
ROK icon
261
Rockwell Automation
ROK
$49.2B
$6.95M 0.06%
38,990
-3,400
-8% -$566K
TT icon
262
Trane Technologies
TT
$106B
$6.86M 0.06%
76,940
-7,200
-9% -$637K
CERN
263
DELISTED
Cerner Corp
CERN
$6.82M 0.06%
95,568
-1,100
-1% -$73K
AMP icon
264
Ameriprise Financial
AMP
$48.8B
$6.76M 0.05%
45,516
-4,600
-9% -$642K
TROW icon
265
T. Rowe Price
TROW
$24.4B
$6.61M 0.05%
72,961
-6,300
-8% -$521K
FTV icon
266
Fortive
FTV
$18.7B
$6.55M 0.05%
146,713
-10,466
-7% -$435K
GPN icon
267
Global Payments
GPN
$22.7B
$6.48M 0.05%
68,164
-3,800
-5% -$358K
COL
268
DELISTED
Rockwell Collins
COL
$6.45M 0.05%
49,309
-4,100
-8% -$498K
CAH icon
269
Cardinal Health
CAH
$55.8B
$6.42M 0.05%
96,015
-7,800
-8% -$551K
DG icon
270
Dollar General
DG
$28.1B
$6.41M 0.05%
79,042
-3,900
-5% -$292K
PARA
271
DELISTED
Paramount Global Class B
PARA
$6.41M 0.05%
110,427
-394,300
-78% -$24.9M
OKE icon
272
Oneok
OKE
$55.3B
$6.39M 0.05%
115,326
-23,700
-17% -$1.28M
NWL icon
273
Newell Brands
NWL
$2.55B
$6.35M 0.05%
148,771
-10,000
-6% -$489K
VFC icon
274
VF Corp
VFC
$5.85B
$6.3M 0.05%
105,274
-6,584
-6% -$380K
WTW icon
275
Willis Towers Watson
WTW
$32B
$6.29M 0.05%
40,778
-984,377
-96% -$147M
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 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.