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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
IP icon
251
International Paper
IP
$21.5B
$7.01M 0.06%
127,853
-4,435
-3% -$238K
EW icon
252
Edwards Lifesciences
EW
$51.5B
$6.99M 0.06%
186,168
-6,000
-3% -$220K
EARN
253
Ellington Residential Mortgage REIT
EARN
$163M
$6.98M 0.06%
580,000
– –
WELL icon
254
Welltower
WELL
$170B
$6.93M 0.05%
108,609
-3,300
-3% -$221K
WDC icon
255
Western Digital
WDC
$156B
$6.9M 0.05%
114,769
-3,572
-3% -$230K
EQR icon
256
Equity Residential
EQR
$25B
$6.87M 0.05%
107,703
-3,800
-3% -$254K
DLR icon
257
Digital Realty Trust
DLR
$71.3B
$6.86M 0.05%
60,260
-1,800
-3% -$212K
GPN icon
258
Global Payments
GPN
$23.2B
$6.83M 0.05%
68,164
– –
PCG icon
259
PG&E
PCG
$37.4B
$6.74M 0.05%
150,329
-5,300
-3% -$297K
ADSK icon
260
Autodesk
ADSK
$51.2B
$6.73M 0.05%
64,220
-2,300
-3% -$268K
HPE icon
261
Hewlett Packard
HPE
$69.4B
$6.71M 0.05%
467,597
-30,900
-6% -$439K
VTRS icon
262
Viatris
VTRS
$19B
$6.65M 0.05%
157,209
-5,500
-3% -$210K
ADM icon
263
Archer Daniels Midland
ADM
$37.4B
$6.57M 0.05%
163,900
-6,800
-4% -$280K
CXO
264
DELISTED
CONCHO RESOURCES INC.
CXO
$6.55M 0.05%
43,632
-1,500
-3% -$209K
TT icon
265
Trane Technologies
TT
$105B
$6.53M 0.05%
73,240
-3,700
-5% -$326K
AAL icon
266
American Airlines Group
AAL
$10.6B
$6.5M 0.05%
124,856
-6,700
-5% -$334K
FTV icon
267
Fortive
FTV
$18.4B
$6.48M 0.05%
142,115
-4,598
-3% -$211K
COL
268
DELISTED
Rockwell Collins
COL
$6.47M 0.05%
47,709
-1,600
-3% -$214K
PAYX icon
269
Paychex
PAYX
$42.7B
$6.38M 0.05%
93,711
-3,400
-4% -$223K
DVN icon
270
Devon Energy
DVN
$47.4B
$6.38M 0.05%
154,063
-5,500
-3% -$208K
KEY icon
271
KeyCorp
KEY
$24.3B
$6.36M 0.05%
315,227
-14,800
-4% -$279K
A icon
272
Agilent Technologies
A
$39.9B
$6.32M 0.05%
94,369
-3,100
-3% -$209K
NTRS icon
273
Northern Trust
NTRS
$33.7B
$6.29M 0.05%
62,954
-2,200
-3% -$210K
FITB
274
Fifth Third Bancorp
FITB
$51.7B
$6.27M 0.05%
206,804
-16,800
-8% -$490K
PARA
275
DELISTED
Paramount Global Class B
PARA
$6.27M 0.05%
106,327
-4,100
-4% -$236K
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 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.