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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
HLT icon
351
Hilton Worldwide
HLT
$71.5B
$4.31M 0.03%
62,000
-5,300
-8% -$338K
GPC icon
352
Genuine Parts
GPC
$18.7B
$4.26M 0.03%
44,532
-3,900
-8% -$332K
AEE icon
353
Ameren
AEE
$30.1B
$4.26M 0.03%
73,622
-6,100
-8% -$353K
CAG icon
354
Conagra Brands
CAG
$7.23B
$4.26M 0.03%
126,171
-6,700
-5% -$228K
NLSN
355
DELISTED
Nielsen Holdings plc
NLSN
$4.23M 0.03%
101,944
-8,400
-8% -$335K
KMX icon
356
CarMax
KMX
$8.26B
$4.21M 0.03%
55,605
-5,300
-9% -$353K
NBL
357
DELISTED
Noble Energy, Inc.
NBL
$4.19M 0.03%
147,661
-1,900
-1% -$50K
MSI icon
358
Motorola Solutions
MSI
$77.4B
$4.19M 0.03%
49,323
-4,400
-8% -$385K
XRAY icon
359
Dentsply Sirona
XRAY
$2.43B
$4.17M 0.03%
69,666
-5,700
-8% -$339K
ETR icon
360
Entergy
ETR
$50B
$4.16M 0.03%
109,030
-9,000
-8% -$348K
FE icon
361
FirstEnergy
FE
$27.5B
$4.16M 0.03%
134,853
-11,000
-8% -$346K
HST icon
362
Host Hotels & Resorts
HST
$16B
$4.15M 0.03%
224,600
-18,500
-8% -$337K
DHI icon
363
D.R. Horton
DHI
$42.3B
$4.13M 0.03%
103,360
-9,000
-8% -$328K
IDXX icon
364
Idexx Laboratories
IDXX
$46.2B
$4.12M 0.03%
26,500
-2,500
-9% -$395K
NOV icon
365
NOV
NOV
$7B
$4.12M 0.03%
115,278
-9,600
-8% -$314K
TTWO icon
366
Take-Two Interactive
TTWO
$46.1B
$4.1M 0.03%
40,100
-2,700
-6% -$242K
TFX icon
367
Teleflex
TFX
$5.98B
$4.1M 0.03%
16,930
-1,600
-9% -$348K
WHR icon
368
Whirlpool
WHR
$2.82B
$4.09M 0.03%
22,189
-2,100
-9% -$375K
ALGN icon
369
Align Technology
ALGN
$12.3B
$4.08M 0.03%
21,900
-2,900
-12% -$496K
CMA
370
DELISTED
Comerica
CMA
$4.07M 0.03%
53,376
-4,800
-8% -$344K
COR icon
371
Cencora
COR
$61.2B
$4.07M 0.03%
49,184
-5,400
-10% -$458K
VNO icon
372
Vornado Realty Trust
VNO
$7.38B
$4.03M 0.03%
52,350
-17,726
-25% -$1.35M
L icon
373
Loews
L
$23.6B
$4.01M 0.03%
83,785
-7,000
-8% -$333K
ULTA icon
374
Ulta Beauty
ULTA
$24.3B
$4M 0.03%
17,684
-1,500
-8% -$361K
FAST icon
375
Fastenal
FAST
$59.5B
$3.98M 0.03%
349,744
-30,400
-8% -$328K
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 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.