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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
VRSK icon
351
Verisk Analytics
VRSK
$25B
$4.37M 0.03%
45,516
-1,600
-3% -$145K
IVZ icon
352
Invesco
IVZ
$13.9B
$4.36M 0.03%
119,355
-4,100
-3% -$148K
BBWI icon
353
Bath & Body Works
BBWI
$4.1B
$4.36M 0.03%
89,490
-4,205
-4% -$170K
COR icon
354
Cencora
COR
$61.2B
$4.34M 0.03%
47,284
-1,900
-4% -$157K
EXPE icon
355
Expedia Group
EXPE
$37.3B
$4.32M 0.03%
36,084
-1,000
-3% -$130K
HST icon
356
Host Hotels & Resorts
HST
$16B
$4.3M 0.03%
216,900
-7,700
-3% -$151K
ETR icon
357
Entergy
ETR
$50B
$4.3M 0.03%
105,630
-3,400
-3% -$142K
MSI icon
358
Motorola Solutions
MSI
$77.4B
$4.29M 0.03%
47,523
-1,800
-4% -$164K
GGP
359
DELISTED
GGP Inc.
GGP
$4.28M 0.03%
183,012
-7,000
-4% -$156K
URI icon
360
United Rentals
URI
$72.4B
$4.26M 0.03%
24,800
-800
-3% -$122K
MRO
361
DELISTED
Marathon Oil Corporation
MRO
$4.22M 0.03%
249,040
-8,900
-3% -$132K
AEE icon
362
Ameren
AEE
$30.1B
$4.2M 0.03%
71,122
-2,500
-3% -$154K
IQV icon
363
IQVIA
IQV
$39.3B
$4.18M 0.03%
42,700
-3,300
-7% -$336K
NBL
364
DELISTED
Noble Energy, Inc.
NBL
$4.16M 0.03%
142,661
-5,000
-3% -$137K
EFX icon
365
Equifax
EFX
$21.4B
$4.16M 0.03%
35,246
-1,300
-4% -$146K
ALB icon
366
Albemarle
ALB
$15.5B
$4.15M 0.03%
32,440
-1,100
-3% -$149K
BEN icon
367
Franklin Resources
BEN
$17.2B
$4.15M 0.03%
95,760
-4,100
-4% -$178K
CBOE icon
368
Cboe Global Markets
CBOE
$29.9B
$4.15M 0.03%
33,300
-900
-3% -$105K
SJM icon
369
J.M. Smucker
SJM
$12.8B
$4.14M 0.03%
33,300
-1,200
-3% -$133K
APEI icon
370
American Public Education
APEI
$940M
$4.12M 0.03%
164,320
– –
MSCI icon
371
MSCI
MSCI
$40.9B
$4.1M 0.03%
32,400
-1,500
-4% -$187K
EQT icon
372
EQT Corp
EQT
$32.3B
$4.08M 0.03%
131,841
+35,270
+37% +$1.16M
GPC icon
373
Genuine Parts
GPC
$18.7B
$4.08M 0.03%
42,932
-1,600
-4% -$146K
MLM icon
374
Martin Marietta Materials
MLM
$33B
$4.07M 0.03%
18,412
-700
-4% -$147K
MAS icon
375
Masco
MAS
$15.3B
$4.05M 0.03%
92,204
-4,500
-5% -$183K
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 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.