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
KR icon
301
Kroger
KR
$34.7B
$5.46M 0.04%
272,276
-27,600
-9% -$622K
NUE icon
302
Nucor
NUE
$62B
$5.43M 0.04%
96,911
-7,900
-8% -$447K
XLNX
303
DELISTED
Xilinx Inc
XLNX
$5.35M 0.04%
75,471
-6,100
-7% -$399K
EXPE icon
304
Expedia Group
EXPE
$37.2B
$5.34M 0.04%
37,084
-2,900
-7% -$430K
APA icon
305
APA Corp
APA
$13.2B
$5.29M 0.04%
115,594
-9,400
-8% -$414K
SBAC icon
306
SBA Communications
SBAC
$19.5B
$5.26M 0.04%
+36,500
New +$5.2M
PFG icon
307
Principal Financial Group
PFG
$24.4B
$5.25M 0.04%
81,579
-6,500
-7% -$418K
OMC icon
308
Omnicom Group
OMC
$23.3B
$5.19M 0.04%
70,018
-6,500
-8% -$501K
CLX icon
309
Clorox
CLX
$12.8B
$5.17M 0.04%
39,170
-3,200
-8% -$430K
MGM icon
310
MGM Resorts International
MGM
$11.2B
$5.12M 0.04%
+157,100
New +$5.05M
VTRS icon
311
Viatris
VTRS
$19.3B
$5.1M 0.04%
162,709
+11,200
+7% +$380K
ESS icon
312
Essex Property Trust
ESS
$18.5B
$5.08M 0.04%
20,002
-1,600
-7% -$418K
CNC icon
313
Centene
CNC
$32.5B
$5.06M 0.04%
104,648
-8,600
-8% -$370K
KLAC icon
314
KLA
KLAC
$259B
$5.04M 0.04%
475,770
-39,000
-8% -$372K
AZO icon
315
AutoZone
AZO
$50.7B
$5.04M 0.04%
8,464
-800
-9% -$426K
LNC icon
316
Lincoln National
LNC
$8.88B
$4.94M 0.04%
67,181
-6,500
-9% -$459K
TSS
317
DELISTED
Total System Services, Inc.
TSS
$4.91M 0.04%
74,923
+20,470
+38% +$1.32M
KDP icon
318
Keurig Dr Pepper
KDP
$41B
$4.88M 0.04%
55,136
-5,300
-9% -$481K
INFO
319
DELISTED
IHS Markit Ltd. Common Shares
INFO
$4.86M 0.04%
110,200
+5,900
+6% +$272K
MTD icon
320
Mettler-Toledo International
MTD
$28.6B
$4.85M 0.04%
7,740
-700
-8% -$420K
VMC icon
321
Vulcan Materials
VMC
$36.8B
$4.8M 0.04%
40,110
-3,300
-8% -$396K
LHX icon
322
L3Harris
LHX
$53.4B
$4.79M 0.04%
36,357
-3,700
-9% -$444K
UAL icon
323
United Airlines
UAL
$42.2B
$4.78M 0.04%
78,444
-14,200
-15% -$946K
VVC
324
DELISTED
Vectren Corporation
VVC
$4.76M 0.04%
72,360
-184,500
-72% -$11.6M
BKR icon
325
Baker Hughes
BKR
$61.5B
$4.76M 0.04%
+129,901
New +$4.61M
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 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.