We are live on ! Find out more
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
GNTX icon
401
Gentex
GNTX
$5.07B
$3.95M 0.03%
200,400
+28,500
+17% +$519K
PRGO icon
402
Perrigo
PRGO
$1.78B
$3.9M 0.03%
46,922
-3,092
-6% -$268K
CMA
403
DELISTED
Comerica
CMA
$3.84M 0.03%
56,376
-4,300
-7% -$252K
CPB icon
404
Campbell Soup
CPB
$6.87B
$3.83M 0.03%
63,359
-4,488
-7% -$252K
BBY icon
405
Best Buy
BBY
$17.3B
$3.81M 0.03%
89,304
-7,016
-7% -$298K
DOV icon
406
Dover
DOV
$28.4B
$3.8M 0.03%
62,843
-4,160
-6% -$240K
CMS icon
407
CMS Energy
CMS
$22.3B
$3.8M 0.03%
91,235
-6,164
-6% -$252K
DRE
408
DELISTED
Duke Realty Corp.
DRE
$3.79M 0.03%
142,800
+1,600
+1% +$40.8K
AKAM icon
409
Akamai
AKAM
$15.9B
$3.78M 0.03%
56,723
-4,224
-7% -$269K
CHD icon
410
Church & Dwight Co
CHD
$24.5B
$3.73M 0.03%
84,524
-5,376
-6% -$245K
C.WS.A
411
DELISTED
Citigroup Inc
C.WS.A
$3.72M 0.03%
24,500,000
+5,000,000
+26% +$475K
CINF icon
412
Cincinnati Financial
CINF
$27.1B
$3.71M 0.03%
49,021
-3,264
-6% -$243K
EQT icon
413
EQT Corp
EQT
$32.3B
$3.69M 0.03%
103,735
-6,981
-6% -$259K
AME icon
414
Ametek
AME
$58.2B
$3.68M 0.03%
75,684
-5,416
-7% -$257K
STX icon
415
Seagate
STX
$184B
$3.68M 0.03%
96,340
-7,828
-8% -$292K
MVIS icon
416
Microvision
MVIS
$79M
$3.66M 0.03%
193,740
+36,448
+23% +$696K
HOLX
417
DELISTED
Hologic
HOLX
$3.65M 0.03%
90,960
-5,840
-6% -$225K
INGR icon
418
Ingredion
INGR
$6.58B
$3.65M 0.03%
29,200
+100
+0.3% +$12.6K
MAA icon
419
Mid-America Apartment Communities
MAA
$15.7B
$3.63M 0.03%
37,101
+6,701
+22% +$616K
EMN icon
420
Eastman Chemical
EMN
$8.42B
$3.61M 0.03%
47,970
-3,540
-7% -$256K
SIVB
421
DELISTED
SVB Financial Group
SIVB
$3.6M 0.03%
21,000
+100
+0.5% +$14.3K
CDK
422
DELISTED
CDK Global, Inc.
CDK
$3.59M 0.03%
60,200
-200
-0.3% -$11.4K
DCI icon
423
Donaldson
DCI
$11.4B
$3.59M 0.03%
85,220
-400
-0.5% -$15.9K
SNPS icon
424
Synopsys
SNPS
$79.7B
$3.58M 0.03%
60,900
– –
M icon
425
Macy's
M
$6.68B
$3.58M 0.03%
99,930
-7,772
-7% -$302K
15 16
17
18 19

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.