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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
HON icon
26
Honeywell
HON
$77.8B
$94.4M 0.75%
901,663
-292,528
-24% -$29.7M
ADBE icon
27
Adobe
ADBE
$105B
$90.3M 0.72%
876,953
-11,212
-1% -$1.19M
PG icon
28
Procter & Gamble
PG
$338B
$89.2M 0.71%
1,060,703
-80,209
-7% -$6.84M
CMCSA icon
29
Comcast
CMCSA
$90B
$84M 0.67%
2,432,922
-48,376
-2% -$1.62M
DIS icon
30
Walt Disney
DIS
$181B
$81.5M 0.65%
782,053
-27,172
-3% -$2.65M
INTC icon
31
Intel
INTC
$511B
$80.6M 0.64%
2,223,011
+571,856
+35% +$20.5M
AXP icon
32
American Express
AXP
$230B
$75.4M 0.6%
1,017,296
-379,052
-27% -$26.2M
BAC icon
33
Bank of America
BAC
$440B
$74.9M 0.59%
3,388,317
-189,860
-5% -$3.66M
GOOG icon
34
Alphabet (Google) Class C
GOOG
$4.34T
$74.9M 0.59%
1,940,340
-122,080
-6% -$4.76M
CVX icon
35
Chevron
CVX
$368B
$74M 0.59%
628,868
-41,036
-6% -$4.47M
PM icon
36
Philip Morris
PM
$295B
$72.6M 0.58%
793,265
-34,080
-4% -$3.16M
MRK icon
37
Merck
MRK
$318B
$66.2M 0.53%
1,179,156
-66,448
-5% -$3.89M
WMT icon
38
Walmart Inc
WMT
$888B
$64.9M 0.51%
2,815,602
+996,300
+55% +$23.3M
ORCL icon
39
Oracle
ORCL
$421B
$64.8M 0.51%
1,684,760
-252,188
-13% -$9.86M
USB icon
40
US Bancorp
USB
$99.6B
$64.6M 0.51%
1,257,142
-31,296
-2% -$1.49M
UPS icon
41
United Parcel Service
UPS
$89.1B
$64.5M 0.51%
562,486
+215,224
+62% +$24.3M
RTX icon
42
RTX Corp
RTX
$299B
$61.6M 0.49%
893,182
-51,604
-5% -$3.42M
STZ icon
43
Constellation Brands
STZ
$23.2B
$61M 0.48%
398,075
+336,252
+544% +$53.4M
BKNG icon
44
Booking.com
BKNG
$161B
$60.3M 0.48%
1,028,125
+595,100
+137% +$35.5M
QCOM icon
45
Qualcomm
QCOM
$174B
$59.5M 0.47%
912,871
+369,576
+68% +$24.8M
ABBV icon
46
AbbVie
ABBV
$432B
$59.4M 0.47%
949,103
+130,240
+16% +$7.95M
CSCO icon
47
Cisco
CSCO
$478B
$57.1M 0.45%
1,889,891
-3,174,472
-63% -$96.8M
C icon
48
Citigroup
C
$225B
$57.1M 0.45%
960,282
-58,948
-6% -$3.18M
UNH icon
49
UnitedHealth
UNH
$369B
$54.5M 0.43%
340,313
-21,100
-6% -$3.15M
KO icon
50
Coca-Cola
KO
$374B
$52.6M 0.42%
1,269,438
-86,208
-6% -$3.59M
1
2
3 4 5

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.