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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
ALGN icon
501
Align Technology
ALGN
$12.3B
$2.9M 0.02%
30,200
-100
-0.3% -$9.29K
REG icon
502
Regency Centers
REG
$14.1B
$2.9M 0.02%
42,100
– –
URI icon
503
United Rentals
URI
$72.4B
$2.9M 0.02%
27,500
-2,600
-9% -$237K
RPM icon
504
RPM International
RPM
$15B
$2.89M 0.02%
53,718
+100
+0.2% +$5.12K
SEE
505
DELISTED
Sealed Air
SEE
$2.87M 0.02%
63,248
-5,436
-8% -$250K
ZION icon
506
Zions Bancorporation
ZION
$10.3B
$2.87M 0.02%
66,606
-4,932
-7% -$182K
HAS icon
507
Hasbro
HAS
$13.2B
$2.86M 0.02%
36,739
-2,660
-7% -$220K
TFX icon
508
Teleflex
TFX
$5.98B
$2.86M 0.02%
17,730
– –
KSS icon
509
Kohl's
KSS
$2.19B
$2.85M 0.02%
57,710
-4,996
-8% -$247K
PNW icon
510
Pinnacle West Capital
PNW
$12.2B
$2.84M 0.02%
36,387
-2,436
-6% -$183K
NOK icon
511
Nokia
NOK
$52.3B
$2.82M 0.02%
585,800
– –
AOS icon
512
A.O. Smith
AOS
$8.7B
$2.82M 0.02%
59,500
-100
-0.2% -$4.82K
LNT icon
513
Alliant Energy
LNT
$18B
$2.82M 0.02%
74,356
-4,944
-6% -$182K
COTY icon
514
Coty
COTY
$2.48B
$2.82M 0.02%
+153,789
New +$3.18M
MAC icon
515
Macerich
MAC
$6.92B
$2.8M 0.02%
39,508
-2,580
-6% -$184K
RL icon
516
Ralph Lauren
RL
$23.6B
$2.79M 0.02%
30,941
-1,192
-4% -$121K
JKHY icon
517
Jack Henry & Associates
JKHY
$11.1B
$2.79M 0.02%
31,450
-200
-0.6% -$17.1K
COO icon
518
Cooper Companies
COO
$14.5B
$2.79M 0.02%
63,712
-4,288
-6% -$187K
JBHT icon
519
JB Hunt Transport Services
JBHT
$25.2B
$2.77M 0.02%
28,576
-2,124
-7% -$189K
IEX icon
520
IDEX
IEX
$17.3B
$2.77M 0.02%
30,700
+100
+0.3% +$9.05K
LEN icon
521
Lennar Class A
LEN
$21.2B
$2.76M 0.02%
67,507
-1,357
-2% -$54.9K
WP
522
DELISTED
Worldpay, Inc.
WP
$2.75M 0.02%
46,100
+4,200
+10% +$243K
VAR
523
DELISTED
Varian Medical Systems, Inc.
VAR
$2.74M 0.02%
34,843
-2,276
-6% -$184K
HP icon
524
Helmerich & Payne
HP
$3.71B
$2.74M 0.02%
35,392
-2,288
-6% -$163K
ASH icon
525
Ashland
ASH
$3.5B
$2.74M 0.02%
51,208
+204
+0.4% +$11.2K
19 20
21
22 23

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.