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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
CF icon
526
CF Industries
CF
$17.3B
$2.49M 0.02%
70,825
-5,800
-8% -$179K
ALLE icon
527
Allegion
ALLE
$14.4B
$2.49M 0.02%
28,785
-2,500
-8% -$202K
NGG icon
528
National Grid
NGG
$81.3B
$2.48M 0.02%
44,764
-126,645
-74% -$7.07M
IPG
529
DELISTED
Interpublic Group of Companies
IPG
$2.48M 0.02%
119,329
-10,500
-8% -$228K
SEE
530
DELISTED
Sealed Air
SEE
$2.46M 0.02%
57,648
-6,700
-10% -$297K
GXP
531
DELISTED
Great Plains Energy Incorporated
GXP
$2.46M 0.02%
81,110
-7,800
-9% -$239K
PTC icon
532
PTC
PTC
$16B
$2.44M 0.02%
43,439
-4,200
-9% -$233K
TSCO icon
533
Tractor Supply
TSCO
$18B
$2.43M 0.02%
192,260
-19,000
-9% -$216K
WAB icon
534
Wabtec
WAB
$49.3B
$2.43M 0.02%
32,100
-3,500
-10% -$269K
SCI icon
535
Service Corp International
SCI
$11.6B
$2.43M 0.02%
70,400
-7,100
-9% -$246K
JEF icon
536
Jefferies Financial Group
JEF
$13.1B
$2.42M 0.02%
107,296
-11,618
-10% -$260K
WRB icon
537
W.R. Berkley
WRB
$26.6B
$2.41M 0.02%
121,686
-13,162
-10% -$264K
DINO icon
538
HF Sinclair
DINO
$14.5B
$2.4M 0.02%
66,690
-6,400
-9% -$192K
EPD icon
539
Enterprise Products Partners
EPD
$81.7B
$2.4M 0.02%
92,000
-391,000
-81% -$10.3M
HUBB icon
540
Hubbell
HUBB
$27.2B
$2.39M 0.02%
20,614
-500
-2% -$57.3K
CSL icon
541
Carlisle Companies
CSL
$15.4B
$2.38M 0.02%
23,720
-2,900
-11% -$281K
TOL icon
542
Toll Brothers
TOL
$14.5B
$2.37M 0.02%
57,200
-3,800
-6% -$149K
FLG
543
Flagstar Bank National Association
FLG
$5.82B
$2.37M 0.02%
61,323
-5,867
-9% -$221K
OHI icon
544
Omega Healthcare
OHI
$14.7B
$2.37M 0.02%
74,200
-6,900
-9% -$221K
COTY icon
545
Coty
COTY
$2.48B
$2.37M 0.02%
143,089
-11,700
-8% -$212K
JHG
546
DELISTED
Janus Henderson
JHG
$2.36M 0.02%
67,837
-6,500
-9% -$221K
CMG icon
547
Chipotle Mexican Grill
CMG
$41.5B
$2.35M 0.02%
382,000
-90,000
-19% -$606K
NNN icon
548
NNN REIT
NNN
$8.99B
$2.34M 0.02%
56,100
-5,400
-9% -$221K
NRG icon
549
NRG Energy
NRG
$24.8B
$2.34M 0.02%
91,268
-12,500
-12% -$296K
KSS icon
550
Kohl's
KSS
$2.19B
$2.33M 0.02%
51,110
-4,900
-9% -$201K
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 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.