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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
(+2.7%)
Cap. Flow
-$336M
Cap. Flow
% of AUM
-2.65%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$49.6M |
| 2 |
CVS Health
CVS
|
+$43.5M |
| 3 |
AGNC Investment
AGNC
|
+$41M |
| 4 |
GPMT
Granite Point Mortgage Trust
GPMT
|
+$26.9M |
| 5 |
Microchip Technology
MCHP
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$72.5M |
| 2 |
VR
Validus Hold Ltd
VR
|
+$39.5M |
| 3 |
XYZ
Block Inc
XYZ
|
+$34.6M |
| 4 |
Walt Disney
DIS
|
+$33.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
276
Ventas
VTR
$47.3B
| $6.27M | 0.05% |
104,410
-3,700
| -3% | -$234K |
|
|
CERN
277
DELISTED
Cerner Corp
CERN
| $6.24M | 0.05% |
92,568
-3,000
| -3% | -$207K |
|
|
RHT
278
DELISTED
Red Hat Inc
RHT
| $6.23M | 0.05% |
51,896
-2,000
| -4% | -$245K |
|
|
PPL
279
PPL Corp
PPL
$26B
| $6.2M | 0.05% |
200,266
-7,000
| -3% | -$251K |
|
280
WEC Energy
WEC
$35.2B
| $6.14M | 0.05% |
92,477
-3,300
| -3% | -$221K |
|
281
Citizens Financial Group
CFG
$30.5B
| $6.05M | 0.05% |
144,200
-7,700
| -5% | -$301K |
|
282
Edison International
EIX
$25.9B
| $6.04M | 0.05% |
95,484
-3,400
| -3% | -$259K |
|
283
Oneok
OKE
$55.4B
| $6.01M | 0.05% |
112,426
-2,900
| -3% | -$155K |
|
284
O'Reilly Automotive
ORLY
$76.2B
| $6M | 0.05% |
374,205
-27,000
| -7% | -$402K |
|
285
Nucor
NUE
$61.9B
| $5.93M | 0.05% |
93,211
-3,700
| -4% | -$216K |
|
286
Hartford Financial Services
HIG
$39.6B
| $5.88M | 0.05% |
104,575
-6,000
| -5% | -$335K |
|
287
Boston Properties
BXP
$11B
| $5.88M | 0.05% |
45,228
-1,600
| -3% | -$201K |
|
288
Regions Financial
RF
$26.8B
| $5.88M | 0.05% |
340,070
-22,600
| -6% | -$361K |
|
289
Eversource Energy
ES
$27.1B
| $5.87M | 0.05% |
92,864
-3,300
| -3% | -$209K |
|
290
Newmont
NEM
$111B
| $5.87M | 0.05% |
156,355
-5,500
| -3% | -$202K |
|
291
Willis Towers Watson
WTW
$31.6B
| $5.83M | 0.05% |
38,678
-2,100
| -5% | -$332K |
|
|
TSS
292
DELISTED
Total System Services, Inc.
TSS
| $5.78M | 0.05% |
73,123
-1,800
| -2% | -$131K |
|
293
DTE Energy
DTE
$29.1B
| $5.76M | 0.05% |
61,832
-2,115
| -3% | -$201K |
|
294
AutoZone
AZO
$50.1B
| $5.74M | 0.05% |
8,064
-400
| -5% | -$256K |
|
295
Cardinal Health
CAH
$55.7B
| $5.65M | 0.04% |
92,215
-3,800
| -4% | -$235K |
|
296
SBA Communications
SBAC
$19.4B
| $5.64M | 0.04% |
34,500
-2,000
| -5% | -$318K |
|
297
Clorox
CLX
$12.8B
| $5.62M | 0.04% |
37,770
-1,400
| -4% | -$190K |
|
298
Principal Financial Group
PFG
$24.7B
| $5.55M | 0.04% |
78,679
-2,900
| -4% | -$200K |
|
299
Keurig Dr Pepper
KDP
$41.3B
| $5.14M | 0.04% |
52,936
-2,200
| -4% | -$197K |
|
300
Microvision
MVIS
$76.1M
| $5.13M | 0.04% |
209,613
| – | – |
|
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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.