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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
DLR icon
326
Digital Realty Trust
DLR
$71.7B
$5.11M 0.04%
51,960
+660
+1% +$61.4K
PFG icon
327
Principal Financial Group
PFG
$24.3B
$5.06M 0.04%
87,479
-5,896
-6% -$330K
CLX icon
328
Clorox
CLX
$12.7B
$5.05M 0.04%
42,070
-3,100
-7% -$366K
XLNX
329
DELISTED
Xilinx Inc
XLNX
$4.99M 0.04%
82,571
-5,904
-7% -$317K
ESS icon
330
Essex Property Trust
ESS
$18.5B
$4.98M 0.04%
21,402
-1,412
-6% -$305K
DVA icon
331
DaVita
DVA
$11.7B
$4.97M 0.04%
77,358
+19,596
+34% +$1.22M
LNC icon
332
Lincoln National
LNC
$8.81B
$4.96M 0.04%
74,781
-6,416
-8% -$373K
BR icon
333
Broadridge
BR
$19B
$4.91M 0.04%
74,022
+300
+0.4% +$19.5K
LLTC
334
DELISTED
Linear Technology Corp
LLTC
$4.9M 0.04%
78,580
-5,112
-6% -$311K
ULTA icon
335
Ulta Beauty
ULTA
$24.3B
$4.89M 0.04%
19,184
-1,316
-6% -$329K
SJM icon
336
J.M. Smucker
SJM
$12.8B
$4.88M 0.04%
38,100
-2,508
-6% -$325K
GEN icon
337
Gen Digital
GEN
$17.5B
$4.87M 0.04%
203,829
-11,020
-5% -$271K
O icon
338
Realty Income
O
$59.1B
$4.86M 0.04%
87,229
-5,857
-6% -$329K
ARW icon
339
Arrow Electronics
ARW
$10.4B
$4.85M 0.04%
68,062
-700
-1% -$46.3K
A icon
340
Agilent Technologies
A
$41.2B
$4.83M 0.04%
106,069
-7,512
-7% -$341K
LKQ icon
341
LKQ Corp
LKQ
$6.29B
$4.8M 0.04%
156,552
+2,352
+2% +$76.7K
MRO
342
DELISTED
Marathon Oil Corporation
MRO
$4.8M 0.04%
277,040
-18,636
-6% -$299K
GGP
343
DELISTED
GGP Inc.
GGP
$4.77M 0.04%
191,012
-12,788
-6% -$327K
ADSK icon
344
Autodesk
ADSK
$52.6B
$4.74M 0.04%
64,020
-4,112
-6% -$303K
UNFI icon
345
United Natural Foods
UNFI
$2.85B
$4.72M 0.04%
98,900
+78,600
+387% +$3.53M
HSY icon
346
Hershey
HSY
$36.6B
$4.71M 0.04%
45,582
-3,444
-7% -$340K
HBAN icon
347
Huntington Bancshares
HBAN
$35.5B
$4.69M 0.04%
354,738
-24,149
-6% -$281K
CERN
348
DELISTED
Cerner Corp
CERN
$4.68M 0.04%
98,768
-6,152
-6% -$327K
BWA icon
349
BorgWarner
BWA
$13.9B
$4.67M 0.04%
134,611
-5,435
-4% -$175K
GPC icon
350
Genuine Parts
GPC
$18.7B
$4.65M 0.04%
48,632
-3,364
-6% -$321K
12 13
14
15 16

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.