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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
APA icon
326
APA Corp
APA
$12.9B
$4.72M 0.04%
111,694
-3,900
-3% -$164K
WRK
327
DELISTED
WestRock Company
WRK
$4.72M 0.04%
74,602
-2,500
-3% -$152K
O icon
328
Realty Income
O
$59B
$4.71M 0.04%
85,268
-516
-0.6% -$28K
ALGN icon
329
Align Technology
ALGN
$12B
$4.71M 0.04%
21,200
-700
-3% -$159K
HSY icon
330
Hershey
HSY
$36.8B
$4.7M 0.04%
41,382
-1,500
-3% -$165K
ESS icon
331
Essex Property Trust
ESS
$18.3B
$4.68M 0.04%
19,402
-600
-3% -$151K
MTD icon
332
Mettler-Toledo International
MTD
$28.5B
$4.67M 0.04%
7,540
-200
-3% -$128K
VVC
333
DELISTED
Vectren Corporation
VVC
$4.62M 0.04%
71,060
-1,300
-2% -$87.3K
HBAN icon
334
Huntington Bancshares
HBAN
$35.1B
$4.61M 0.04%
316,838
-13,900
-4% -$195K
DOV icon
335
Dover
DOV
$28.4B
$4.61M 0.04%
56,530
-1,980
-3% -$153K
FAST icon
336
Fastenal
FAST
$58.3B
$4.61M 0.04%
336,944
-12,800
-4% -$159K
LLL
337
DELISTED
L3 Technologies, Inc.
LLL
$4.53M 0.04%
22,896
-800
-3% -$152K
CAG icon
338
Conagra Brands
CAG
$7.11B
$4.51M 0.04%
119,771
-6,400
-5% -$227K
RSG icon
339
Republic Services
RSG
$64.5B
$4.5M 0.04%
66,600
-2,900
-4% -$187K
TTWO icon
340
Take-Two Interactive
TTWO
$43.5B
$4.5M 0.04%
41,000
+900
+2% +$98.3K
WAT icon
341
Waters Corp
WAT
$39.2B
$4.5M 0.04%
23,296
-900
-4% -$174K
TAP icon
342
Molson Coors Class B
TAP
$7.92B
$4.45M 0.04%
54,199
-1,800
-3% -$146K
SIVB
343
DELISTED
SVB Financial Group
SIVB
$4.44M 0.04%
19,000
-800
-4% -$170K
NWL icon
344
Newell Brands
NWL
$2.56B
$4.44M 0.04%
143,671
-5,100
-3% -$176K
XRAY icon
345
Dentsply Sirona
XRAY
$2.64B
$4.43M 0.04%
67,366
-2,300
-3% -$146K
NVR icon
346
NVR
NVR
$16.8B
$4.43M 0.04%
1,264
– –
CMA
347
DELISTED
Comerica
CMA
$4.42M 0.03%
50,976
-2,400
-4% -$193K
TFCF
348
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$4.39M 0.03%
128,756
-4,500
-3% -$131K
NTAP icon
349
NetApp
NTAP
$37.6B
$4.38M 0.03%
79,091
-2,800
-3% -$141K
TXT icon
350
Textron
TXT
$15.1B
$4.37M 0.03%
77,237
-3,100
-4% -$169K
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 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.