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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
LUMN icon
451
Lumen
LUMN
$6.44B
$3.15M 0.03%
166,791
-13,600
-8% -$286K
FBIN icon
452
Fortune Brands Innovations
FBIN
$6.06B
$3.14M 0.03%
54,714
-4,446
-8% -$246K
HOLX
453
DELISTED
Hologic
HOLX
$3.13M 0.03%
85,160
-6,900
-7% -$279K
CDK
454
DELISTED
CDK Global, Inc.
CDK
$3.12M 0.03%
49,500
-10,400
-17% -$655K
IRM icon
455
Iron Mountain
IRM
$36.1B
$3.12M 0.03%
80,246
-500
-0.6% -$18.7K
AMD icon
456
Advanced Micro Devices
AMD
$789B
$3.11M 0.03%
244,200
-10,500
-4% -$137K
DRE
457
DELISTED
Duke Realty Corp.
DRE
$3.11M 0.03%
107,900
-38,700
-26% -$1.11M
STLD icon
458
Steel Dynamics
STLD
$37.6B
$3.11M 0.03%
90,200
-9,500
-10% -$333K
UDR icon
459
UDR
UDR
$12.3B
$3.09M 0.03%
81,204
-6,700
-8% -$260K
XL
460
DELISTED
XL Group Ltd.
XL
$3.09M 0.03%
78,246
-7,700
-9% -$329K
BWA icon
461
BorgWarner
BWA
$13.9B
$3.08M 0.03%
68,383
-6,134
-8% -$250K
EXR icon
462
Extra Space Storage
EXR
$31.6B
$3.06M 0.02%
38,248
-3,100
-7% -$241K
UGI icon
463
UGI
UGI
$7.33B
$3.06M 0.02%
65,200
-6,200
-9% -$303K
SLG icon
464
SL Green Realty
SLG
$3.99B
$3.04M 0.02%
30,999
-3,615
-10% -$351K
SEIC icon
465
SEI Investments
SEIC
$12.6B
$3.02M 0.02%
49,400
-5,600
-10% -$318K
DRI icon
466
Darden Restaurants
DRI
$24.4B
$3M 0.02%
38,053
-2,800
-7% -$236K
JKHY icon
467
Jack Henry & Associates
JKHY
$11.1B
$3M 0.02%
29,150
-2,900
-9% -$300K
FIT
468
DELISTED
Fitbit, Inc. Class A common stock
FIT
$3M 0.02%
430,300
– –
UHS icon
469
Universal Health Services
UHS
$10.5B
$2.98M 0.02%
26,852
-2,500
-9% -$281K
VIAB
470
DELISTED
Viacom Inc. Class B
VIAB
$2.98M 0.02%
107,004
-8,800
-8% -$271K
PVH icon
471
PVH
PVH
$4.04B
$2.96M 0.02%
23,496
-2,100
-8% -$256K
HWM icon
472
Howmet Aerospace
HWM
$112B
$2.93M 0.02%
153,525
-35,339
-19% -$676K
LNT icon
473
Alliant Energy
LNT
$18B
$2.92M 0.02%
70,156
-4,700
-6% -$196K
KEYS icon
474
Keysight
KEYS
$58.3B
$2.9M 0.02%
69,700
-6,400
-8% -$262K
STX icon
475
Seagate
STX
$184B
$2.9M 0.02%
87,340
-10,300
-11% -$350K
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 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.