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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
WST icon
551
West Pharmaceutical
WST
$24.9B
$2.5M 0.02%
29,500
– –
KEYS icon
552
Keysight
KEYS
$58.3B
$2.5M 0.02%
68,400
– –
MSCC
553
DELISTED
Microsemi Corp
MSCC
$2.49M 0.02%
46,200
+600
+1% +$29.3K
MD icon
554
Pediatrix Medical
MD
$2.2B
$2.49M 0.02%
37,300
+300
+0.8% +$19.5K
FMC icon
555
FMC
FMC
$1.33B
$2.47M 0.02%
50,425
-3,399
-6% -$155K
JEF icon
556
Jefferies Financial Group
JEF
$13.1B
$2.46M 0.02%
118,355
-8,142
-6% -$152K
TTC icon
557
Toro Company
TTC
$9.49B
$2.46M 0.02%
44,000
-200
-0.5% -$10.2K
BEAV
558
DELISTED
B/E Aerospace Inc
BEAV
$2.46M 0.02%
40,900
– –
OHI icon
559
Omega Healthcare
OHI
$14.7B
$2.46M 0.02%
78,600
+700
+0.9% +$21.6K
UTHR icon
560
United Therapeutics
UTHR
$23.1B
$2.45M 0.02%
17,100
-400
-2% -$51.1K
AVT icon
561
Avnet
AVT
$7.92B
$2.45M 0.02%
51,440
+200
+0.4% +$8.92K
NVR icon
562
NVR
NVR
$17B
$2.44M 0.02%
1,464
– –
WCG
563
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.44M 0.02%
17,800
– –
XRX icon
564
Xerox
XRX
$425M
$2.43M 0.02%
105,681
-7,053
-6% -$176K
EVHC
565
DELISTED
Envision Healthcare Holdings Inc
EVHC
$2.43M 0.02%
+38,400
New +$2.51M
HUBB icon
566
Hubbell
HUBB
$27.2B
$2.42M 0.02%
20,714
– –
CBOE icon
567
Cboe Global Markets
CBOE
$29.9B
$2.42M 0.02%
32,700
– –
HIBB
568
DELISTED
Hibbett, Inc. Common Stock
HIBB
$2.41M 0.02%
64,600
– –
NDSN icon
569
Nordson
NDSN
$17.3B
$2.4M 0.02%
21,460
+100
+0.5% +$10.5K
MAN icon
570
ManpowerGroup
MAN
$2.63B
$2.4M 0.02%
27,030
-600
-2% -$49.5K
CF icon
571
CF Industries
CF
$17.3B
$2.4M 0.02%
76,225
-5,140
-6% -$138K
ODFL icon
572
Old Dominion Freight Line
ODFL
$44.9B
$2.39M 0.02%
83,700
-300
-0.4% -$8.04K
ENH
573
DELISTED
Endurance Specialty Holdings Ltd
ENH
$2.39M 0.02%
25,900
+100
+0.4% +$9.16K
FLR icon
574
Fluor
FLR
$7.96B
$2.39M 0.02%
45,553
-3,020
-6% -$157K
LII icon
575
Lennox International
LII
$15.2B
$2.39M 0.02%
15,600
-100
-0.6% -$15.3K
21 22
23
24 25

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.