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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
+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
O icon
326
Realty Income
O
$59.1B
$4.75M 0.04%
85,784
-6,811
-7% -$378K
LVLT
327
DELISTED
Level 3 Communications Inc
LVLT
$4.75M 0.04%
89,168
-7,000
-7% -$390K
MHK icon
328
Mohawk Industries
MHK
$9.22B
$4.74M 0.04%
19,136
-1,600
-8% -$398K
K
329
DELISTED
Kellanova
K
$4.7M 0.04%
80,291
-7,988
-9% -$504K
HSY icon
330
Hershey
HSY
$36.6B
$4.68M 0.04%
42,882
-3,100
-7% -$330K
LH icon
331
Labcorp
LH
$25.9B
$4.67M 0.04%
35,964
-3,143
-8% -$419K
AME icon
332
Ametek
AME
$58.2B
$4.63M 0.04%
70,084
-5,500
-7% -$348K
HBAN icon
333
Huntington Bancshares
HBAN
$35.5B
$4.62M 0.04%
330,738
-26,500
-7% -$348K
BR icon
334
Broadridge
BR
$19B
$4.6M 0.04%
56,872
-4,600
-7% -$354K
RSG icon
335
Republic Services
RSG
$66B
$4.59M 0.04%
69,500
-6,100
-8% -$397K
BBY icon
336
Best Buy
BBY
$17.3B
$4.59M 0.04%
80,504
-6,700
-8% -$384K
ALB icon
337
Albemarle
ALB
$15.5B
$4.57M 0.04%
33,540
-2,900
-8% -$345K
TAP icon
338
Molson Coors Class B
TAP
$8.1B
$4.57M 0.04%
55,999
-4,700
-8% -$413K
LAMR icon
339
Lamar Advertising Co
LAMR
$16.3B
$4.56M 0.04%
66,500
-282,900
-81% -$19.1M
ANDV
340
DELISTED
Andeavor
ANDV
$4.51M 0.04%
43,761
-5,900
-12% -$581K
LLL
341
DELISTED
L3 Technologies, Inc.
LLL
$4.46M 0.04%
23,696
-1,900
-7% -$341K
BEN icon
342
Franklin Resources
BEN
$17.2B
$4.45M 0.04%
99,860
-12,700
-11% -$557K
BALL icon
343
Ball Corp
BALL
$16.8B
$4.41M 0.04%
106,752
-8,300
-7% -$340K
AWK icon
344
American Water Works
AWK
$26.9B
$4.38M 0.04%
54,128
-4,400
-8% -$356K
WRK
345
DELISTED
WestRock Company
WRK
$4.37M 0.04%
77,102
-5,400
-7% -$308K
IQV icon
346
IQVIA
IQV
$39.3B
$4.37M 0.04%
+46,000
New +$4.26M
WAT icon
347
Waters Corp
WAT
$39.9B
$4.34M 0.04%
24,196
-2,100
-8% -$381K
TXT icon
348
Textron
TXT
$15.4B
$4.33M 0.04%
80,337
-7,600
-9% -$378K
IVZ icon
349
Invesco
IVZ
$13.9B
$4.33M 0.04%
123,455
-10,300
-8% -$352K
DOV icon
350
Dover
DOV
$28.4B
$4.32M 0.04%
58,510
-4,829
-8% -$336K
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 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.