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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
UNM icon
451
Unum
UNM
$14.3B
$3.33M 0.03%
75,869
-6,040
-7% -$242K
TSS
452
DELISTED
Total System Services, Inc.
TSS
$3.33M 0.03%
67,953
+5,920
+10% +$291K
AYI icon
453
Acuity Brands
AYI
$10.8B
$3.32M 0.03%
14,400
-900
-6% -$218K
XL
454
DELISTED
XL Group Ltd.
XL
$3.28M 0.03%
87,946
-8,016
-8% -$287K
RGA icon
455
Reinsurance Group of America
RGA
$16.1B
$3.26M 0.03%
25,900
+100
+0.4% +$11.7K
TSCO icon
456
Tractor Supply
TSCO
$18B
$3.26M 0.03%
214,760
-3,011,740
-93% -$42.8M
CTAS icon
457
Cintas
CTAS
$81.3B
$3.25M 0.03%
112,668
-6,704
-6% -$188K
SBNY
458
DELISTED
Signature Bank
SBNY
$3.24M 0.03%
21,600
– –
SNA icon
459
Snap-on
SNA
$21.5B
$3.24M 0.03%
18,935
-1,316
-6% -$214K
WR
460
DELISTED
Westar Energy Inc
WR
$3.22M 0.03%
57,150
+100
+0.2% +$5.68K
ANSS
461
DELISTED
Ansys
ANSS
$3.22M 0.03%
34,800
-300
-0.9% -$27.6K
UGI icon
462
UGI
UGI
$7.33B
$3.21M 0.03%
69,700
– –
TPR icon
463
Tapestry
TPR
$32.8B
$3.21M 0.03%
91,647
-5,664
-6% -$207K
WFM
464
DELISTED
Whole Foods Market Inc
WFM
$3.2M 0.03%
104,098
-7,116
-6% -$214K
PKG icon
465
Packaging Corp of America
PKG
$22.8B
$3.19M 0.03%
37,600
-300
-0.8% -$25.2K
UDR icon
466
UDR
UDR
$12.3B
$3.19M 0.03%
87,404
-5,796
-6% -$199K
EXR icon
467
Extra Space Storage
EXR
$31.6B
$3.18M 0.03%
41,148
-2,752
-6% -$203K
NTAP icon
468
NetApp
NTAP
$37.2B
$3.18M 0.03%
90,091
-7,164
-7% -$251K
ALB icon
469
Albemarle
ALB
$15.5B
$3.16M 0.03%
36,740
-2,460
-6% -$208K
CNC icon
470
Centene
CNC
$32.5B
$3.16M 0.03%
111,848
-7,352
-6% -$217K
FIT
471
DELISTED
Fitbit, Inc. Class A common stock
FIT
$3.15M 0.03%
430,300
– –
FL
472
DELISTED
Foot Locker
FL
$3.13M 0.02%
44,228
-2,972
-6% -$211K
EXPD icon
473
Expeditors International
EXPD
$23.2B
$3.13M 0.02%
58,999
-4,196
-7% -$219K
UHS icon
474
Universal Health Services
UHS
$10.5B
$3.12M 0.02%
29,352
-2,048
-7% -$243K
FLG
475
Flagstar Bank National Association
FLG
$5.82B
$3.12M 0.02%
65,390
+33
+0.1% +$1.51K
17 18
19
20 21

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.