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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
ARW icon
501
Arrow Electronics
ARW
$10.4B
$2.67M 0.02%
33,162
-3,500
-10% -$276K
FDS icon
502
Factset
FDS
$10.2B
$2.67M 0.02%
14,800
-1,500
-9% -$245K
XLFS
503
DELISTED
POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO
XLFS
$2.66M 0.02%
49,600
– –
WR
504
DELISTED
Westar Energy Inc
WR
$2.65M 0.02%
53,450
-5,100
-9% -$259K
SBNY
505
DELISTED
Signature Bank
SBNY
$2.65M 0.02%
20,700
-1,400
-6% -$184K
AOS icon
506
A.O. Smith
AOS
$8.7B
$2.64M 0.02%
44,400
-16,300
-27% -$914K
AVY icon
507
Avery Dennison
AVY
$13.4B
$2.64M 0.02%
26,826
-2,300
-8% -$216K
KRC icon
508
Kilroy Realty
KRC
$4.42B
$2.63M 0.02%
37,000
-3,500
-9% -$246K
HRL icon
509
Hormel Foods
HRL
$13.8B
$2.63M 0.02%
81,820
-6,800
-8% -$222K
GL icon
510
Globe Life
GL
$14.3B
$2.63M 0.02%
32,810
-2,900
-8% -$226K
IPGP icon
511
IPG Photonics
IPGP
$3.84B
$2.63M 0.02%
14,200
-1,300
-8% -$216K
GGG icon
512
Graco
GGG
$13.5B
$2.61M 0.02%
63,300
-5,400
-8% -$206K
MKTX icon
513
MarketAxess Holdings
MKTX
$5.72B
$2.6M 0.02%
14,100
-1,400
-9% -$268K
SNA icon
514
Snap-on
SNA
$21.5B
$2.6M 0.02%
17,435
-1,600
-8% -$240K
CPRT icon
515
Copart
CPRT
$27.5B
$2.59M 0.02%
301,616
-36,400
-11% -$292K
LW icon
516
Lamb Weston
LW
$7.19B
$2.58M 0.02%
55,000
-2,200
-4% -$98.7K
RPM icon
517
RPM International
RPM
$15B
$2.58M 0.02%
50,218
-4,800
-9% -$246K
LII icon
518
Lennox International
LII
$15.2B
$2.56M 0.02%
14,300
-1,500
-9% -$258K
GT icon
519
Goodyear
GT
$1.85B
$2.54M 0.02%
76,416
-6,300
-8% -$205K
AKAM icon
520
Akamai
AKAM
$15.9B
$2.54M 0.02%
52,023
-4,800
-8% -$230K
NI icon
521
NiSource
NI
$20.4B
$2.53M 0.02%
98,902
-7,400
-7% -$195K
KIM icon
522
Kimco Realty
KIM
$16.4B
$2.52M 0.02%
129,138
-10,800
-8% -$212K
TTC icon
523
Toro Company
TTC
$9.49B
$2.52M 0.02%
40,600
-3,700
-8% -$248K
SNI
524
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.5M 0.02%
29,123
-2,400
-8% -$198K
HOG icon
525
Harley-Davidson
HOG
$2.71B
$2.5M 0.02%
51,777
-5,700
-10% -$277K
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 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.