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
+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
EW icon
276
Edwards Lifesciences
EW
$51.7B
$6.55M 0.05%
209,868
-13,056
-6% -$423K
HZNP
277
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$6.55M 0.05%
+405,000
New +$7.34M
L icon
278
Loews
L
$23.6B
$6.5M 0.05%
138,685
-6,040
-4% -$265K
KEY icon
279
KeyCorp
KEY
$24.4B
$6.46M 0.05%
353,427
-24,300
-6% -$383K
PAYX icon
280
Paychex
PAYX
$42.7B
$6.41M 0.05%
105,311
-6,640
-6% -$383K
WDC icon
281
Western Digital
WDC
$150B
$6.34M 0.05%
123,501
-7,721
-6% -$356K
BXP icon
282
Boston Properties
BXP
$11.1B
$6.33M 0.05%
50,328
-3,336
-6% -$415K
CXO
283
DELISTED
CONCHO RESOURCES INC.
CXO
$6.33M 0.05%
47,732
-1,868
-4% -$254K
DGX icon
284
Quest Diagnostics
DGX
$26.3B
$6.28M 0.05%
68,363
-225,420
-77% -$19.4M
NUE icon
285
Nucor
NUE
$62.1B
$6.2M 0.05%
104,111
-7,016
-6% -$392K
SSYS icon
286
Stratasys
SSYS
$774M
$6.2M 0.05%
374,603
– –
PH icon
287
Parker-Hannifin
PH
$135B
$6.1M 0.05%
43,595
-3,148
-7% -$419K
GPN icon
288
Global Payments
GPN
$22.8B
$6.1M 0.05%
87,864
+6,564
+8% +$472K
K
289
DELISTED
Kellanova
K
$6.09M 0.05%
87,959
-5,756
-6% -$400K
ROP icon
290
Roper Technologies
ROP
$39.8B
$6.08M 0.05%
33,202
-2,192
-6% -$393K
WEC icon
291
WEC Energy
WEC
$35.1B
$6.05M 0.05%
103,177
-6,968
-6% -$400K
VRTX icon
292
Vertex Pharmaceuticals
VRTX
$126B
$5.97M 0.05%
81,068
-5,432
-6% -$442K
APTV icon
293
Aptiv
APTV
$10.3B
$5.97M 0.05%
88,622
-6,568
-7% -$441K
CFG icon
294
Citizens Financial Group
CFG
$30.6B
$5.96M 0.05%
167,400
-13,900
-8% -$421K
Y
295
DELISTED
Alleghany Corp
Y
$5.96M 0.05%
9,800
– –
DLTR icon
296
Dollar Tree
DLTR
$25.2B
$5.96M 0.05%
77,210
-5,064
-6% -$408K
NEM icon
297
Newmont
NEM
$119B
$5.91M 0.05%
173,555
-11,644
-6% -$398K
HIG icon
298
Hartford Financial Services
HIG
$39.3B
$5.89M 0.05%
123,575
-11,152
-8% -$511K
MNST icon
299
Monster Beverage
MNST
$88.5B
$5.88M 0.05%
265,184
-17,632
-6% -$404K
BEN icon
300
Franklin Resources
BEN
$17.2B
$5.88M 0.05%
148,460
-9,172
-6% -$343K
10 11
12
13 14

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.