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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
VNO icon
301
Vornado Realty Trust
VNO
$7.38B
$5.87M 0.05%
69,581
-4,547
-6% -$357K
TAP icon
302
Molson Coors Class B
TAP
$8.09B
$5.87M 0.05%
60,299
-3,944
-6% -$402K
TSN icon
303
Tyson Foods
TSN
$20.4B
$5.86M 0.05%
95,036
-91,428
-49% -$6.01M
DTE icon
304
DTE Energy
DTE
$29.1B
$5.79M 0.05%
69,000
-4,577
-6% -$368K
RF icon
305
Regions Financial
RF
$26.8B
$5.78M 0.05%
402,570
-35,476
-8% -$438K
VFC icon
306
VF Corp
VFC
$5.89B
$5.77M 0.05%
114,938
-8,080
-7% -$419K
AMP icon
307
Ameriprise Financial
AMP
$48.8B
$5.74M 0.05%
51,716
-4,632
-8% -$489K
ES icon
308
Eversource Energy
ES
$27.2B
$5.73M 0.05%
103,764
-6,892
-6% -$368K
MSM icon
309
MSC Industrial Direct
MSM
$6.86B
$5.64M 0.04%
61,000
+100
+0.2% +$8.25K
LRCX icon
310
Lam Research
LRCX
$390B
$5.63M 0.04%
532,600
-27,080
-5% -$275K
BHC icon
311
Bausch Health
BHC
$2.34B
$5.63M 0.04%
387,759
– –
ROK icon
312
Rockwell Automation
ROK
$49B
$5.63M 0.04%
41,890
-3,300
-7% -$422K
FTV icon
313
Fortive
FTV
$18.6B
$5.59M 0.04%
165,410
-10,269
-6% -$340K
EL icon
314
Estee Lauder
EL
$32B
$5.56M 0.04%
72,718
-4,372
-6% -$355K
WAT icon
315
Waters Corp
WAT
$39.9B
$5.51M 0.04%
40,996
+5,672
+16% +$809K
KDP icon
316
Keurig Dr Pepper
KDP
$40.8B
$5.44M 0.04%
60,036
-4,668
-7% -$409K
HES
317
DELISTED
Hess
HES
$5.43M 0.04%
87,205
-6,720
-7% -$367K
VMC icon
318
Vulcan Materials
VMC
$36.9B
$5.42M 0.04%
43,310
-3,148
-7% -$381K
BCR
319
DELISTED
CR Bard Inc.
BCR
$5.41M 0.04%
24,077
-1,608
-6% -$349K
FCX icon
320
Freeport-McMoran
FCX
$97.5B
$5.4M 0.04%
409,723
-16,720
-4% -$214K
CAG icon
321
Conagra Brands
CAG
$7.23B
$5.38M 0.04%
135,971
-50,939
-27% -$1.9M
LVLT
322
DELISTED
Level 3 Communications Inc
LVLT
$5.38M 0.04%
95,368
-6,232
-6% -$329K
BSMX
323
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$5.35M 0.04%
744,300
– –
NBL
324
DELISTED
Noble Energy, Inc.
NBL
$5.33M 0.04%
140,161
-9,752
-7% -$363K
BBWI icon
325
Bath & Body Works
BBWI
$4.1B
$5.17M 0.04%
97,159
-6,601
-6% -$375K
11 12
13
14 15

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.