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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
UGI icon
476
UGI
UGI
$7.33B
$2.92M 0.02%
62,200
-3,000
-5% -$143K
SNA icon
477
Snap-on
SNA
$21.5B
$2.92M 0.02%
16,735
-700
-4% -$113K
SLG icon
478
SL Green Realty
SLG
$3.99B
$2.91M 0.02%
29,759
-1,240
-4% -$121K
UHS icon
479
Universal Health Services
UHS
$10.5B
$2.91M 0.02%
25,652
-1,200
-4% -$128K
CF icon
480
CF Industries
CF
$17.3B
$2.91M 0.02%
68,325
-2,500
-4% -$94.4K
IPGP icon
481
IPG Photonics
IPGP
$3.84B
$2.89M 0.02%
13,500
-700
-5% -$149K
LNT icon
482
Alliant Energy
LNT
$18B
$2.89M 0.02%
67,756
-2,400
-3% -$105K
JBHT icon
483
JB Hunt Transport Services
JBHT
$25.2B
$2.88M 0.02%
25,076
-800
-3% -$86.2K
HRL icon
484
Hormel Foods
HRL
$13.8B
$2.87M 0.02%
78,920
-2,900
-4% -$97.5K
GL icon
485
Globe Life
GL
$14.3B
$2.86M 0.02%
31,510
-1,300
-4% -$112K
VRSN icon
486
VeriSign
VRSN
$26.6B
$2.85M 0.02%
24,857
-1,200
-5% -$134K
DRE
487
DELISTED
Duke Realty Corp.
DRE
$2.84M 0.02%
104,400
-3,500
-3% -$99.6K
FRT icon
488
Federal Realty Investment Trust
FRT
$10.3B
$2.83M 0.02%
21,316
-600
-3% -$77.4K
LII icon
489
Lennox International
LII
$15.2B
$2.81M 0.02%
13,500
-800
-6% -$156K
CPRI icon
490
Capri Holdings
CPRI
$1.74B
$2.8M 0.02%
44,548
-1,500
-3% -$82.2K
PNW icon
491
Pinnacle West Capital
PNW
$12.2B
$2.79M 0.02%
32,787
-1,100
-3% -$97.1K
NCLH icon
492
Norwegian Cruise Line
NCLH
$8.84B
$2.78M 0.02%
+52,200
New +$2.89M
KEYS icon
493
Keysight
KEYS
$58.3B
$2.77M 0.02%
66,600
-3,100
-4% -$134K
TSCO icon
494
Tractor Supply
TSCO
$18B
$2.75M 0.02%
184,260
-8,000
-4% -$103K
COTY icon
495
Coty
COTY
$2.48B
$2.75M 0.02%
138,389
-4,700
-3% -$80.2K
GGG icon
496
Graco
GGG
$13.5B
$2.74M 0.02%
60,600
-2,700
-4% -$117K
MKTX icon
497
MarketAxess Holdings
MKTX
$5.72B
$2.72M 0.02%
13,500
-600
-4% -$113K
OA
498
DELISTED
Orbital ATK, Inc.
OA
$2.72M 0.02%
20,700
-1,000
-5% -$133K
FDS icon
499
Factset
FDS
$10.2B
$2.72M 0.02%
14,100
-700
-5% -$134K
CPB icon
500
Campbell Soup
CPB
$6.87B
$2.71M 0.02%
56,359
-2,500
-4% -$119K
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 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.