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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
ZION icon
476
Zions Bancorporation
ZION
$10.3B
$2.89M 0.02%
61,306
-5,300
-8% -$236K
OA
477
DELISTED
Orbital ATK, Inc.
OA
$2.89M 0.02%
21,700
-2,100
-9% -$230K
JBHT icon
478
JB Hunt Transport Services
JBHT
$25.2B
$2.87M 0.02%
25,876
-2,300
-8% -$223K
WCG
479
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.87M 0.02%
16,700
-1,600
-9% -$280K
PNW icon
480
Pinnacle West Capital
PNW
$12.2B
$2.87M 0.02%
33,887
-2,800
-8% -$245K
ALK icon
481
Alaska Air
ALK
$5.58B
$2.86M 0.02%
37,496
-3,100
-8% -$253K
GWW icon
482
W.W. Grainger
GWW
$60.2B
$2.86M 0.02%
15,907
-1,800
-10% -$304K
EG icon
483
Everest Group
EG
$14.4B
$2.85M 0.02%
12,500
-1,000
-7% -$252K
TIF
484
DELISTED
Tiffany & Co.
TIF
$2.84M 0.02%
30,934
-4,300
-12% -$394K
ODFL icon
485
Old Dominion Freight Line
ODFL
$44.9B
$2.83M 0.02%
77,100
-8,400
-10% -$277K
STE icon
486
Steris
STE
$23.1B
$2.82M 0.02%
31,900
-3,100
-9% -$263K
VAR
487
DELISTED
Varian Medical Systems, Inc.
VAR
$2.79M 0.02%
27,854
-2,400
-8% -$246K
REG icon
488
Regency Centers
REG
$14.1B
$2.79M 0.02%
44,900
-3,200
-7% -$206K
TER icon
489
Teradyne
TER
$59.3B
$2.77M 0.02%
74,400
-7,600
-9% -$263K
VRSN icon
490
VeriSign
VRSN
$26.6B
$2.77M 0.02%
26,057
-3,000
-10% -$302K
DVA icon
491
DaVita
DVA
$11.7B
$2.76M 0.02%
46,458
-4,700
-9% -$283K
CPB icon
492
Campbell Soup
CPB
$6.87B
$2.76M 0.02%
58,859
-4,200
-7% -$213K
NDAQ icon
493
Nasdaq
NDAQ
$52.9B
$2.75M 0.02%
106,233
-6,000
-5% -$149K
QRVO icon
494
Qorvo
QRVO
$8.74B
$2.73M 0.02%
38,624
-3,100
-7% -$216K
HBI
495
DELISTED
Hanesbrands
HBI
$2.73M 0.02%
110,592
-9,100
-8% -$218K
FRT icon
496
Federal Realty Investment Trust
FRT
$10.3B
$2.72M 0.02%
21,916
-1,800
-8% -$232K
OGE icon
497
OGE Energy
OGE
$9.71B
$2.71M 0.02%
75,120
-7,200
-9% -$257K
WU icon
498
Western Union
WU
$2.21B
$2.7M 0.02%
140,826
-14,100
-9% -$269K
WST icon
499
West Pharmaceutical
WST
$24.9B
$2.68M 0.02%
27,800
-2,500
-8% -$226K
AFG icon
500
American Financial Group
AFG
$12.1B
$2.67M 0.02%
25,790
-4,600
-15% -$468K
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 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.