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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
KRC icon
526
Kilroy Realty
KRC
$4.42B
$2.72M 0.02%
37,100
– –
TIF
527
DELISTED
Tiffany & Co.
TIF
$2.71M 0.02%
35,034
-2,488
-7% -$192K
AVY icon
528
Avery Dennison
AVY
$13.4B
$2.71M 0.02%
38,626
+1,176
+3% +$85.4K
TNL icon
529
Travel + Leisure Co
TNL
$4.7B
$2.69M 0.02%
78,050
-6,893
-8% -$222K
OGE icon
530
OGE Energy
OGE
$9.71B
$2.69M 0.02%
80,420
– –
BF.B icon
531
Brown-Forman Class B
BF.B
$13.1B
$2.68M 0.02%
93,178
-6,281
-6% -$184K
SEIC icon
532
SEI Investments
SEIC
$12.6B
$2.67M 0.02%
54,100
-400
-0.7% -$18.7K
HBI
533
DELISTED
Hanesbrands
HBI
$2.67M 0.02%
123,592
-8,232
-6% -$197K
GL icon
534
Globe Life
GL
$14.3B
$2.66M 0.02%
36,110
-2,736
-7% -$188K
HWM icon
535
Howmet Aerospace
HWM
$112B
$2.66M 0.02%
+187,038
New +$2.81M
ACC
536
DELISTED
American Campus Communities, Inc.
ACC
$2.65M 0.02%
53,200
+700
+1% +$33.8K
GT icon
537
Goodyear
GT
$1.85B
$2.64M 0.02%
85,416
-6,224
-7% -$193K
PACW
538
DELISTED
PacWest Bancorp
PACW
$2.63M 0.02%
48,400
-100
-0.2% -$4.83K
FDS icon
539
Factset
FDS
$10.2B
$2.63M 0.02%
16,100
-300
-2% -$47.8K
FTI icon
540
TechnipFMC
FTI
$27.3B
$2.62M 0.02%
99,179
-6,613
-6% -$165K
NNN icon
541
NNN REIT
NNN
$8.99B
$2.62M 0.02%
59,200
– –
NFX
542
DELISTED
Newfield Exploration
NFX
$2.61M 0.02%
64,512
-4,760
-7% -$202K
AMG icon
543
Affiliated Managers Group
AMG
$9.76B
$2.61M 0.02%
17,956
-844
-4% -$123K
IRM icon
544
Iron Mountain
IRM
$36.1B
$2.6M 0.02%
80,146
-5,284
-6% -$176K
WRB icon
545
W.R. Berkley
WRB
$26.6B
$2.6M 0.02%
131,811
-1,687
-1% -$30.3K
XLFS
546
DELISTED
POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO
XLFS
$2.59M 0.02%
+49,600
New +$2.59M
AFG icon
547
American Financial Group
AFG
$12.1B
$2.59M 0.02%
29,390
– –
HAR
548
DELISTED
Harman International Industries
HAR
$2.53M 0.02%
22,754
-1,560
-6% -$151K
AES icon
549
AES
AES
$10.5B
$2.5M 0.02%
215,605
-14,420
-6% -$169K
NDAQ icon
550
Nasdaq
NDAQ
$52.9B
$2.5M 0.02%
111,933
-7,452
-6% -$164K
20 21
22
23 24

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.