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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
KMX icon
426
CarMax
KMX
$8.3B
$3.42M 0.03%
53,405
-2,200
-4% -$157K
ATO icon
427
Atmos Energy
ATO
$29B
$3.42M 0.03%
39,800
-100
-0.3% -$8.79K
PNR icon
428
Pentair
PNR
$11.2B
$3.42M 0.03%
72,071
-2,531
-3% -$118K
XEC
429
DELISTED
CIMAREX ENERGY CO
XEC
$3.4M 0.03%
27,880
-1,000
-3% -$117K
HWM icon
430
Howmet Aerospace
HWM
$114B
$3.38M 0.03%
161,871
+8,346
+5% +$162K
SEIC icon
431
SEI Investments
SEIC
$12.5B
$3.38M 0.03%
47,000
-2,400
-5% -$161K
EXPD icon
432
Expeditors International
EXPD
$23.4B
$3.37M 0.03%
52,099
-2,700
-5% -$165K
RJF icon
433
Raymond James Financial
RJF
$34.2B
$3.37M 0.03%
56,550
-1,800
-3% -$104K
CDK
434
DELISTED
CDK Global, Inc.
CDK
$3.36M 0.03%
47,200
-2,300
-5% -$154K
AJG icon
435
Arthur J. Gallagher & Co
AJG
$63.8B
$3.35M 0.03%
52,952
-1,700
-3% -$109K
MAA icon
436
Mid-America Apartment Communities
MAA
$15.7B
$3.35M 0.03%
33,301
-1,200
-3% -$125K
PRGO icon
437
Perrigo
PRGO
$1.8B
$3.35M 0.03%
38,422
-1,800
-4% -$155K
PKG icon
438
Packaging Corp of America
PKG
$22.8B
$3.34M 0.03%
27,700
-900
-3% -$104K
AMG icon
439
Affiliated Managers Group
AMG
$9.83B
$3.34M 0.03%
16,256
-700
-4% -$136K
CC icon
440
Chemours
CC
$2.42B
$3.33M 0.03%
66,600
-2,900
-4% -$152K
LDOS icon
441
Leidos
LDOS
$17.2B
$3.3M 0.03%
51,148
-2,300
-4% -$144K
CINF icon
442
Cincinnati Financial
CINF
$27.2B
$3.28M 0.03%
43,721
-1,600
-4% -$119K
Y
443
DELISTED
Alleghany Corp
Y
$3.28M 0.03%
5,500
-300
-5% -$171K
IT icon
444
Gartner
IT
$11.9B
$3.28M 0.03%
26,599
-900
-3% -$109K
DINO icon
445
HF Sinclair
DINO
$14.6B
$3.26M 0.03%
63,690
-3,000
-4% -$127K
JKHY icon
446
Jack Henry & Associates
JKHY
$11.1B
$3.25M 0.03%
27,750
-1,400
-5% -$156K
ODFL icon
447
Old Dominion Freight Line
ODFL
$44.7B
$3.24M 0.03%
73,800
-3,300
-4% -$133K
EXR icon
448
Extra Space Storage
EXR
$31.6B
$3.23M 0.03%
36,948
-1,300
-3% -$110K
AKAM icon
449
Akamai
AKAM
$16.2B
$3.23M 0.03%
49,623
-2,400
-5% -$133K
HSIC icon
450
Henry Schein
HSIC
$9.84B
$3.22M 0.03%
58,706
-2,678
-4% -$155K
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 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.