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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
SWKS icon
301
Skyworks Solutions
SWKS
$10.1B
$5.12M 0.04%
53,908
-1,800
-3% -$188K
MHK icon
302
Mohawk Industries
MHK
$8.97B
$5.11M 0.04%
18,536
-600
-3% -$161K
DHI icon
303
D.R. Horton
DHI
$40.8B
$5.11M 0.04%
100,060
-3,300
-3% -$154K
BBY icon
304
Best Buy
BBY
$16.9B
$5.1M 0.04%
74,504
-6,000
-7% -$355K
GEN icon
305
Gen Digital
GEN
$16.8B
$5.1M 0.04%
181,729
-4,800
-3% -$144K
CNC icon
306
Centene
CNC
$31.7B
$5.1M 0.04%
101,048
-3,600
-3% -$174K
MGM icon
307
MGM Resorts International
MGM
$11.2B
$4.99M 0.04%
149,400
-7,700
-5% -$248K
VMC icon
308
Vulcan Materials
VMC
$36.5B
$4.98M 0.04%
38,810
-1,300
-3% -$159K
BR icon
309
Broadridge
BR
$18.8B
$4.98M 0.04%
54,972
-1,900
-3% -$166K
UAL icon
310
United Airlines
UAL
$41.9B
$4.98M 0.04%
73,844
-4,600
-6% -$287K
XLNX
311
DELISTED
Xilinx Inc
XLNX
$4.96M 0.04%
73,571
-1,900
-3% -$135K
K
312
DELISTED
Kellanova
K
$4.96M 0.04%
77,629
-2,662
-3% -$160K
LHX icon
313
L3Harris
LHX
$53.9B
$4.95M 0.04%
34,957
-1,400
-4% -$195K
LNC icon
314
Lincoln National
LNC
$8.93B
$4.93M 0.04%
64,181
-3,000
-4% -$227K
OMC icon
315
Omnicom Group
OMC
$22.6B
$4.92M 0.04%
67,618
-2,400
-3% -$172K
AME icon
316
Ametek
AME
$57.6B
$4.91M 0.04%
67,784
-2,300
-3% -$160K
INCY icon
317
Incyte
INCY
$24B
$4.86M 0.04%
51,300
-500
-1% -$52.3K
LAMR icon
318
Lamar Advertising Co
LAMR
$16.2B
$4.85M 0.04%
65,300
-1,200
-2% -$87.5K
KLAC icon
319
KLA
KLAC
$252B
$4.83M 0.04%
459,770
-16,000
-3% -$169K
ANDV
320
DELISTED
Andeavor
ANDV
$4.81M 0.04%
42,061
-1,700
-4% -$183K
INFO
321
DELISTED
IHS Markit Ltd. Common Shares
INFO
$4.81M 0.04%
106,500
-3,700
-3% -$163K
AWK icon
322
American Water Works
AWK
$26.8B
$4.79M 0.04%
52,328
-1,800
-3% -$159K
LUMN icon
323
Lumen
LUMN
$6.09B
$4.76M 0.04%
285,176
+118,385
+71% +$2.01M
LH icon
324
Labcorp
LH
$25.7B
$4.75M 0.04%
34,684
-1,280
-4% -$169K
HLT icon
325
Hilton Worldwide
HLT
$72.5B
$4.74M 0.04%
59,300
-2,700
-4% -$200K
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 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.