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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
ATO icon
476
Atmos Energy
ATO
$28.8B
$3.11M 0.02%
41,900
+100
+0.2% +$7.22K
ETFC
477
DELISTED
E*Trade Financial Corporation
ETFC
$3.1M 0.02%
89,558
-5,992
-6% -$191K
XLV icon
478
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$3.1M 0.02%
+45,000
New +$3.12M
FFIV icon
479
F5
FFIV
$22.7B
$3.09M 0.02%
21,372
-1,712
-7% -$232K
CBRE icon
480
CBRE Group
CBRE
$42.9B
$3.09M 0.02%
98,132
-6,128
-6% -$177K
DPZ icon
481
Domino's
DPZ
$11.6B
$3.09M 0.02%
19,400
– –
MAT icon
482
Mattel
MAT
$4.23B
$3.08M 0.02%
111,861
-7,028
-6% -$214K
HRL icon
483
Hormel Foods
HRL
$13.8B
$3.07M 0.02%
88,220
-6,044
-6% -$218K
PNR icon
484
Pentair
PNR
$11B
$3.07M 0.02%
81,451
-5,069
-6% -$198K
IFF icon
485
International Flavors & Fragrances
IFF
$21.9B
$3.06M 0.02%
25,942
-1,804
-7% -$226K
VAL
486
DELISTED
Valspar
VAL
$3.05M 0.02%
29,400
– –
TRMB icon
487
Trimble
TRMB
$13.9B
$3.04M 0.02%
100,900
+600
+0.6% +$17.2K
IPG
488
DELISTED
Interpublic Group of Companies
IPG
$3.04M 0.02%
129,829
-10,044
-7% -$232K
DHI icon
489
D.R. Horton
DHI
$42.3B
$3.03M 0.02%
110,960
-7,304
-6% -$209K
AJG icon
490
Arthur J. Gallagher & Co
AJG
$63.6B
$3.02M 0.02%
58,152
-3,648
-6% -$183K
KSU
491
DELISTED
Kansas City Southern
KSU
$2.99M 0.02%
35,212
-2,488
-7% -$219K
MSCI icon
492
MSCI
MSCI
$40.9B
$2.99M 0.02%
37,900
-200
-0.5% -$16.1K
WAB icon
493
Wabtec
WAB
$49.3B
$2.98M 0.02%
35,900
-400
-1% -$33K
CPT icon
494
Camden Property Trust
CPT
$11.3B
$2.96M 0.02%
35,200
– –
EWBC icon
495
East-West Bancorp
EWBC
$18B
$2.95M 0.02%
58,100
+100
+0.2% +$4.45K
LDOS icon
496
Leidos
LDOS
$17.3B
$2.94M 0.02%
57,548
+300
+0.5% +$14K
DRI icon
497
Darden Restaurants
DRI
$24.4B
$2.93M 0.02%
40,253
-3,752
-9% -$261K
JBLU icon
498
JetBlue
JBLU
$2.29B
$2.92M 0.02%
130,423
+200
+0.2% +$3.95K
CDNS icon
499
Cadence Design Systems
CDNS
$93.4B
$2.91M 0.02%
115,510
-2,200
-2% -$56.6K
XYL icon
500
Xylem
XYL
$28.1B
$2.9M 0.02%
58,672
-3,872
-6% -$196K
18 19
20
21 22

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.