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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
ARE icon
426
Alexandria Real Estate Equities
ARE
$8.56B
$3.38M 0.03%
28,400
-1,500
-5% -$180K
LKQ icon
427
LKQ Corp
LKQ
$6.29B
$3.37M 0.03%
93,752
-7,600
-7% -$259K
HAS icon
428
Hasbro
HAS
$13.2B
$3.37M 0.03%
34,539
-2,400
-6% -$243K
AJG icon
429
Arthur J. Gallagher & Co
AJG
$63.6B
$3.36M 0.03%
54,652
-4,300
-7% -$253K
CDNS icon
430
Cadence Design Systems
CDNS
$93.4B
$3.35M 0.03%
85,000
-30,210
-26% -$1.11M
CTXS
431
DELISTED
Citrix Systems Inc
CTXS
$3.35M 0.03%
43,674
-6,000
-12% -$466K
ATO icon
432
Atmos Energy
ATO
$28.8B
$3.35M 0.03%
39,900
-3,500
-8% -$302K
RMD icon
433
ResMed
RMD
$30.7B
$3.33M 0.03%
43,200
-15,300
-26% -$1.17M
XEC
434
DELISTED
CIMAREX ENERGY CO
XEC
$3.28M 0.03%
28,880
-2,400
-8% -$239K
EXPD icon
435
Expeditors International
EXPD
$23.2B
$3.28M 0.03%
54,799
-4,400
-7% -$252K
PKG icon
436
Packaging Corp of America
PKG
$22.8B
$3.28M 0.03%
28,600
-10,200
-26% -$1.14M
RJF icon
437
Raymond James Financial
RJF
$34B
$3.28M 0.03%
58,350
-4,800
-8% -$259K
BFH icon
438
Bread Financial
BFH
$4.38B
$3.26M 0.03%
18,423
-4,511
-20% -$837K
INGR icon
439
Ingredion
INGR
$6.58B
$3.26M 0.03%
27,000
-2,500
-8% -$305K
LEN icon
440
Lennar Class A
LEN
$21.2B
$3.26M 0.03%
64,775
-5,358
-8% -$267K
EWBC icon
441
East-West Bancorp
EWBC
$18B
$3.25M 0.03%
54,300
-5,300
-9% -$301K
CHRW icon
442
C.H. Robinson
CHRW
$17.5B
$3.24M 0.03%
42,629
-335,000
-89% -$23.2M
BF.B icon
443
Brown-Forman Class B
BF.B
$13.1B
$3.23M 0.03%
92,866
+2,032
+2% +$66K
AMG icon
444
Affiliated Managers Group
AMG
$9.76B
$3.22M 0.03%
16,956
-1,600
-9% -$285K
Y
445
DELISTED
Alleghany Corp
Y
$3.21M 0.03%
5,800
-600
-9% -$350K
JNPR
446
DELISTED
Juniper Networks
JNPR
$3.21M 0.03%
115,396
-10,200
-8% -$286K
CPT icon
447
Camden Property Trust
CPT
$11.3B
$3.17M 0.03%
34,700
-1,400
-4% -$126K
LDOS icon
448
Leidos
LDOS
$17.3B
$3.17M 0.03%
53,448
-5,700
-10% -$317K
ANSS
449
DELISTED
Ansys
ANSS
$3.15M 0.03%
25,700
-2,400
-9% -$301K
BBWI icon
450
Bath & Body Works
BBWI
$4.1B
$3.15M 0.03%
93,695
-4,206
-4% -$141K
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 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.