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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
ETFC
401
DELISTED
E*Trade Financial Corporation
ETFC
$3.64M 0.03%
83,458
-6,800
-8% -$276K
FMC icon
402
FMC
FMC
$1.33B
$3.64M 0.03%
46,966
-3,805
-7% -$273K
SJM icon
403
J.M. Smucker
SJM
$12.8B
$3.62M 0.03%
34,500
-3,800
-10% -$434K
WYNN icon
404
Wynn Resorts
WYNN
$10.6B
$3.61M 0.03%
24,270
-2,000
-8% -$273K
NVR icon
405
NVR
NVR
$17B
$3.61M 0.03%
1,264
-200
-14% -$536K
CGNX icon
406
Cognex
CGNX
$11.3B
$3.6M 0.03%
65,200
-6,200
-9% -$315K
DPZ icon
407
Domino's
DPZ
$11.6B
$3.59M 0.03%
18,100
-1,700
-9% -$331K
NTAP icon
408
NetApp
NTAP
$37.2B
$3.58M 0.03%
81,891
-7,200
-8% -$297K
URI icon
409
United Rentals
URI
$72.4B
$3.55M 0.03%
25,600
-2,200
-8% -$263K
CC icon
410
Chemours
CC
$2.37B
$3.52M 0.03%
69,500
-6,500
-9% -$307K
COO icon
411
Cooper Companies
COO
$14.5B
$3.52M 0.03%
59,312
-4,800
-7% -$293K
UNM icon
412
Unum
UNM
$14.3B
$3.5M 0.03%
68,469
-6,500
-9% -$317K
MRO
413
DELISTED
Marathon Oil Corporation
MRO
$3.5M 0.03%
257,940
-21,400
-8% -$254K
IEX icon
414
IDEX
IEX
$17.3B
$3.49M 0.03%
28,700
-2,800
-9% -$327K
KSU
415
DELISTED
Kansas City Southern
KSU
$3.48M 0.03%
32,012
-2,900
-8% -$304K
CINF icon
416
Cincinnati Financial
CINF
$27.1B
$3.47M 0.03%
45,321
-3,900
-8% -$297K
APEI icon
417
American Public Education
APEI
$940M
$3.46M 0.03%
164,320
– –
TFCF
418
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$3.44M 0.03%
133,256
-26,800
-17% -$727K
EQT icon
419
EQT Corp
EQT
$32.3B
$3.43M 0.03%
96,571
-8,083
-8% -$275K
IFF icon
420
International Flavors & Fragrances
IFF
$21.9B
$3.42M 0.03%
23,942
-2,000
-8% -$274K
IT icon
421
Gartner
IT
$11.7B
$3.42M 0.03%
27,499
-2,200
-7% -$272K
XYL icon
422
Xylem
XYL
$28.1B
$3.41M 0.03%
54,472
-4,600
-8% -$275K
PNR icon
423
Pentair
PNR
$11B
$3.4M 0.03%
74,602
-7,445
-9% -$320K
PRGO icon
424
Perrigo
PRGO
$1.78B
$3.4M 0.03%
40,222
-6,900
-15% -$537K
RGA icon
425
Reinsurance Group of America
RGA
$16.1B
$3.39M 0.03%
24,300
-2,200
-8% -$298K
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 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.