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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
L icon
376
Loews
L
$23.6B
$4.05M 0.03%
80,885
-2,900
-3% -$143K
TFX icon
377
Teleflex
TFX
$6.02B
$4.04M 0.03%
16,230
-700
-4% -$176K
FTI icon
378
TechnipFMC
FTI
$27.3B
$4.02M 0.03%
172,696
-17,472
-9% -$362K
NOV icon
379
NOV
NOV
$7.06B
$4.01M 0.03%
111,378
-3,900
-3% -$132K
IDXX icon
380
Idexx Laboratories
IDXX
$46.4B
$4M 0.03%
25,600
-900
-3% -$142K
FE icon
381
FirstEnergy
FE
$27.5B
$3.99M 0.03%
130,453
-4,400
-3% -$143K
BKR icon
382
Baker Hughes
BKR
$61.9B
$3.97M 0.03%
125,501
-4,400
-3% -$141K
WYNN icon
383
Wynn Resorts
WYNN
$10.6B
$3.96M 0.03%
23,470
-800
-3% -$123K
VNO icon
384
Vornado Realty Trust
VNO
$7.37B
$3.95M 0.03%
50,550
-1,800
-3% -$138K
BF.B icon
385
Brown-Forman Class B
BF.B
$13.1B
$3.94M 0.03%
89,741
-3,125
-3% -$119K
CTAS icon
386
Cintas
CTAS
$81.3B
$3.94M 0.03%
101,068
-2,400
-2% -$91.2K
ETFC
387
DELISTED
E*Trade Financial Corporation
ETFC
$3.93M 0.03%
79,358
-4,100
-5% -$188K
CMS icon
388
CMS Energy
CMS
$22.3B
$3.91M 0.03%
82,635
-2,900
-3% -$140K
EMN icon
389
Eastman Chemical
EMN
$8.46B
$3.91M 0.03%
42,170
-1,800
-4% -$164K
TDG icon
390
TransDigm Group
TDG
$67.5B
$3.9M 0.03%
14,204
-400
-3% -$109K
BALL icon
391
Ball Corp
BALL
$16.8B
$3.88M 0.03%
102,652
-4,100
-4% -$166K
CTRA
392
DELISTED
Coterra Energy
CTRA
$3.88M 0.03%
135,532
-4,800
-3% -$132K
HII icon
393
Huntington Ingalls Industries
HII
$12.8B
$3.85M 0.03%
16,334
-700
-4% -$165K
ULTA icon
394
Ulta Beauty
ULTA
$23.8B
$3.82M 0.03%
17,084
-600
-3% -$127K
CGNX icon
395
Cognex
CGNX
$11.5B
$3.8M 0.03%
62,200
-3,000
-5% -$191K
LEN icon
396
Lennar Class A
LEN
$20.9B
$3.79M 0.03%
61,937
-2,838
-4% -$161K
HES
397
DELISTED
Hess
HES
$3.76M 0.03%
79,205
-2,800
-3% -$126K
SNPS icon
398
Synopsys
SNPS
$78.9B
$3.75M 0.03%
44,000
-1,600
-4% -$138K
FMC icon
399
FMC
FMC
$1.34B
$3.72M 0.03%
45,352
-1,614
-3% -$130K
CTXS
400
DELISTED
Citrix Systems Inc
CTXS
$3.69M 0.03%
41,974
-1,700
-4% -$144K
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 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.