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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
NOV icon
351
NOV
NOV
$7B
$4.62M 0.04%
123,478
-8,332
-6% -$304K
NLSN
352
DELISTED
Nielsen Holdings plc
NLSN
$4.61M 0.04%
109,844
-7,356
-6% -$338K
MLM icon
353
Martin Marietta Materials
MLM
$33B
$4.59M 0.04%
20,712
-1,388
-6% -$285K
HST icon
354
Host Hotels & Resorts
HST
$16B
$4.56M 0.04%
242,000
-17,096
-7% -$289K
CTXS
355
DELISTED
Citrix Systems Inc
CTXS
$4.55M 0.04%
64,013
-4,220
-6% -$292K
DOC icon
356
Healthpeak Properties
DOC
$14.8B
$4.54M 0.04%
152,867
-26,268
-15% -$801K
SWKS icon
357
Skyworks Solutions
SWKS
$10.6B
$4.54M 0.04%
60,808
-4,592
-7% -$354K
MCHP icon
358
Microchip Technology
MCHP
$46B
$4.53M 0.04%
141,344
-8,952
-6% -$282K
MSI icon
359
Motorola Solutions
MSI
$77.4B
$4.5M 0.04%
54,323
-3,904
-7% -$306K
RCL icon
360
Royal Caribbean
RCL
$85.6B
$4.49M 0.04%
54,772
-3,828
-7% -$301K
EXPE icon
361
Expedia Group
EXPE
$37.3B
$4.47M 0.04%
39,484
-2,580
-6% -$315K
WHR icon
362
Whirlpool
WHR
$2.82B
$4.47M 0.04%
24,589
-1,756
-7% -$291K
FAST icon
363
Fastenal
FAST
$59.5B
$4.44M 0.04%
378,144
-25,232
-6% -$277K
XRAY icon
364
Dentsply Sirona
XRAY
$2.43B
$4.36M 0.03%
75,466
-5,816
-7% -$344K
TFCF
365
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$4.34M 0.03%
159,256
-10,744
-6% -$288K
BFH icon
366
Bread Financial
BFH
$4.38B
$4.32M 0.03%
23,685
-1,900
-7% -$331K
FE icon
367
FirstEnergy
FE
$27.5B
$4.31M 0.03%
139,253
-9,180
-6% -$294K
RSG icon
368
Republic Services
RSG
$65.7B
$4.31M 0.03%
75,600
-5,740
-7% -$308K
ETR icon
369
Entergy
ETR
$50B
$4.31M 0.03%
117,230
-7,744
-6% -$278K
BALL icon
370
Ball Corp
BALL
$16.8B
$4.29M 0.03%
114,352
-7,248
-6% -$280K
TXT icon
371
Textron
TXT
$15.4B
$4.29M 0.03%
88,337
-5,744
-6% -$250K
MJN
372
DELISTED
Mead Johnson Nutrition Company
MJN
$4.28M 0.03%
60,441
-3,968
-6% -$296K
COR icon
373
Cencora
COR
$61.2B
$4.28M 0.03%
54,684
-8,396
-13% -$655K
LUMN icon
374
Lumen
LUMN
$6.44B
$4.25M 0.03%
178,791
-11,760
-6% -$299K
IDXX icon
375
Idexx Laboratories
IDXX
$46.2B
$4.23M 0.03%
36,100
+100
+0.3% +$11.4K
13 14
15
16 17

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.