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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
ALK icon
426
Alaska Air
ALK
$5.58B
$3.58M 0.03%
40,296
-2,704
-6% -$213K
MTD icon
427
Mettler-Toledo International
MTD
$28.6B
$3.58M 0.03%
8,540
-660
-7% -$275K
CMG icon
428
Chipotle Mexican Grill
CMG
$41.5B
$3.56M 0.03%
472,000
-35,400
-7% -$279K
SLG icon
429
SL Green Realty
SLG
$3.99B
$3.56M 0.03%
34,201
-1,955
-5% -$198K
ARE icon
430
Alexandria Real Estate Equities
ARE
$8.56B
$3.56M 0.03%
32,000
+600
+2% +$64.4K
CTRA
431
DELISTED
Coterra Energy
CTRA
$3.55M 0.03%
152,132
-10,232
-6% -$230K
EG icon
432
Everest Group
EG
$14.4B
$3.55M 0.03%
16,420
-400
-2% -$82.4K
RJF icon
433
Raymond James Financial
RJF
$34B
$3.53M 0.03%
76,388
+300
+0.4% +$13.3K
RMD icon
434
ResMed
RMD
$30.7B
$3.52M 0.03%
56,800
+200
+0.4% +$12.2K
JNPR
435
DELISTED
Juniper Networks
JNPR
$3.52M 0.03%
124,396
-9,304
-7% -$243K
KIM icon
436
Kimco Realty
KIM
$16.4B
$3.5M 0.03%
139,038
-7,608
-5% -$200K
MKC icon
437
McCormick & Company Non-Voting
MKC
$14.2B
$3.5M 0.03%
74,936
-5,368
-7% -$250K
STLD icon
438
Steel Dynamics
STLD
$37.6B
$3.49M 0.03%
98,200
+100
+0.1% +$3.15K
AMD icon
439
Advanced Micro Devices
AMD
$789B
$3.47M 0.03%
306,100
+10,500
+4% +$88.1K
CNP icon
440
CenterPoint Energy
CNP
$26.8B
$3.47M 0.03%
140,862
-9,476
-6% -$222K
WU icon
441
Western Union
WU
$2.21B
$3.44M 0.03%
158,526
-11,668
-7% -$242K
HII icon
442
Huntington Ingalls Industries
HII
$12.8B
$3.43M 0.03%
18,634
-200
-1% -$33.9K
SCG
443
DELISTED
Scana
SCG
$3.42M 0.03%
46,716
-3,168
-6% -$226K
MAS icon
444
Masco
MAS
$15.3B
$3.4M 0.03%
107,404
-7,884
-7% -$253K
HOG icon
445
Harley-Davidson
HOG
$2.71B
$3.37M 0.03%
57,777
-4,672
-7% -$266K
CSC
446
DELISTED
Computer Sciences
CSC
$3.37M 0.03%
56,700
+200
+0.4% +$11.6K
IT icon
447
Gartner
IT
$11.7B
$3.37M 0.03%
33,300
– –
MOS icon
448
The Mosaic Company
MOS
$7.33B
$3.36M 0.03%
114,582
-7,648
-6% -$205K
FRT icon
449
Federal Realty Investment Trust
FRT
$10.3B
$3.34M 0.03%
23,516
-1,184
-5% -$168K
ANDV
450
DELISTED
Andeavor
ANDV
$3.34M 0.03%
38,211
-3,256
-8% -$276K
16 17
18
19 20

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.