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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
WCG
451
DELISTED
Wellcare Health Plans, Inc.
WCG
$3.22M 0.03%
16,000
-700
-4% -$136K
DVA icon
452
DaVita
DVA
$11.7B
$3.21M 0.03%
44,358
-2,100
-5% -$129K
DISH
453
DELISTED
DISH Network Corp.
DISH
$3.19M 0.03%
66,800
-2,300
-3% -$115K
KSU
454
DELISTED
Kansas City Southern
KSU
$3.19M 0.03%
30,312
-1,700
-5% -$181K
IRM icon
455
Iron Mountain
IRM
$36.1B
$3.19M 0.03%
84,446
+4,200
+5% +$167K
VIAB
456
DELISTED
Viacom Inc. Class B
VIAB
$3.19M 0.03%
103,404
-3,600
-3% -$97.8K
EWBC icon
457
East-West Bancorp
EWBC
$18B
$3.16M 0.02%
52,000
-2,300
-4% -$137K
JNPR
458
DELISTED
Juniper Networks
JNPR
$3.13M 0.02%
109,896
-5,500
-5% -$149K
CPRT icon
459
Copart
CPRT
$27.5B
$3.12M 0.02%
289,216
-12,400
-4% -$121K
COO icon
460
Cooper Companies
COO
$14.5B
$3.12M 0.02%
57,312
-2,000
-3% -$117K
PVH icon
461
PVH
PVH
$4.04B
$3.11M 0.02%
22,696
-800
-3% -$105K
TIF
462
DELISTED
Tiffany & Co.
TIF
$3.11M 0.02%
29,934
-1,000
-3% -$95.3K
FBIN icon
463
Fortune Brands Innovations
FBIN
$6.06B
$3.09M 0.02%
52,842
-1,872
-3% -$106K
CPT icon
464
Camden Property Trust
CPT
$11.1B
$3.07M 0.02%
33,300
-1,400
-4% -$129K
SAFE
465
DELISTED
Safehold Inc.
SAFE
$3.05M 0.02%
+173,500
New +$3.15M
HAS icon
466
Hasbro
HAS
$13.2B
$3.02M 0.02%
33,239
-1,300
-4% -$122K
UDR icon
467
UDR
UDR
$12.3B
$3.02M 0.02%
78,404
-2,800
-3% -$109K
REG icon
468
Regency Centers
REG
$14.1B
$3M 0.02%
43,400
-1,500
-3% -$99K
VAR
469
DELISTED
Varian Medical Systems, Inc.
VAR
$2.98M 0.02%
26,854
-1,000
-4% -$107K
AVY icon
470
Avery Dennison
AVY
$13.4B
$2.98M 0.02%
25,926
-900
-3% -$97.3K
ZION icon
471
Zions Bancorporation
ZION
$10.3B
$2.97M 0.02%
58,506
-2,800
-5% -$134K
BWA icon
472
BorgWarner
BWA
$13.9B
$2.97M 0.02%
65,997
-2,386
-3% -$110K
DPZ icon
473
Domino's
DPZ
$11.6B
$2.97M 0.02%
15,700
-2,400
-13% -$445K
LW icon
474
Lamb Weston
LW
$7.19B
$2.96M 0.02%
52,500
-2,500
-5% -$132K
TER icon
475
Teradyne
TER
$59.3B
$2.95M 0.02%
70,500
-3,900
-5% -$161K
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 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.