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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
XEC
376
DELISTED
CIMAREX ENERGY CO
XEC
$4.22M 0.03%
31,080
-2,120
-6% -$284K
AWK icon
377
American Water Works
AWK
$26.9B
$4.21M 0.03%
58,228
-3,872
-6% -$280K
SRCL
378
DELISTED
Stericycle Inc
SRCL
$4.21M 0.03%
54,681
+25,024
+84% +$1.89M
WRK
379
DELISTED
WestRock Company
WRK
$4.17M 0.03%
82,102
-5,680
-6% -$279K
LHX icon
380
L3Harris
LHX
$53.4B
$4.17M 0.03%
40,657
-2,728
-6% -$270K
AEE icon
381
Ameren
AEE
$30.1B
$4.16M 0.03%
79,322
-5,360
-6% -$266K
GWW icon
382
W.W. Grainger
GWW
$60.2B
$4.16M 0.03%
17,907
-1,468
-8% -$327K
BRO icon
383
Brown & Brown
BRO
$23.9B
$4.15M 0.03%
185,200
-116,000
-39% -$2.36M
VRSK icon
384
Verisk Analytics
VRSK
$25B
$4.13M 0.03%
50,916
-3,884
-7% -$318K
BBBY
385
DELISTED
Bed Bath & Beyond Inc
BBBY
$4.13M 0.03%
101,556
-4,136
-4% -$179K
MHK icon
386
Mohawk Industries
MHK
$9.22B
$4.12M 0.03%
20,636
-1,364
-6% -$268K
RHT
387
DELISTED
Red Hat Inc
RHT
$4.09M 0.03%
58,696
-4,520
-7% -$349K
TDG icon
388
TransDigm Group
TDG
$67.7B
$4.08M 0.03%
16,404
-1,096
-6% -$288K
CSL icon
389
Carlisle Companies
CSL
$15.4B
$4.08M 0.03%
37,020
– –
AAP icon
390
Advance Auto Parts
AAP
$3.49B
$4.07M 0.03%
24,068
-1,632
-6% -$257K
IVZ icon
391
Invesco
IVZ
$13.9B
$4.05M 0.03%
133,555
-9,488
-7% -$292K
APEI icon
392
American Public Education
APEI
$940M
$4.03M 0.03%
164,320
– –
KLAC icon
393
KLA
KLAC
$259B
$4.02M 0.03%
510,770
-33,600
-6% -$257K
KMX icon
394
CarMax
KMX
$8.26B
$4M 0.03%
62,205
-4,664
-7% -$262K
HSIC icon
395
Henry Schein
HSIC
$9.82B
$4M 0.03%
67,249
-5,426
-7% -$327K
VIAB
396
DELISTED
Viacom Inc. Class B
VIAB
$3.99M 0.03%
113,604
-7,600
-6% -$279K
INSM icon
397
Insmed
INSM
$28.6B
$3.97M 0.03%
300,000
– –
WWAV
398
DELISTED
The WhiteWave Foods Company
WWAV
$3.97M 0.03%
71,334
– –
COL
399
DELISTED
Rockwell Collins
COL
$3.95M 0.03%
42,609
-2,700
-6% -$238K
OKE icon
400
Oneok
OKE
$54.5B
$3.95M 0.03%
68,826
-4,604
-6% -$242K
14 15
16
17 18

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.