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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
FFIV icon
551
F5
FFIV
$22.7B
$2.32M 0.02%
19,272
-2,000
-9% -$241K
BIVV
552
DELISTED
Bioverativ Inc. Common Stock
BIVV
$2.32M 0.02%
40,700
-3,900
-9% -$228K
OSK icon
553
Oshkosh
OSK
$9.59B
$2.32M 0.02%
28,100
-2,700
-9% -$198K
THO icon
554
Thor Industries
THO
$4.14B
$2.32M 0.02%
18,400
-1,300
-7% -$140K
RVTY icon
555
Revvity
RVTY
$12.8B
$2.31M 0.02%
33,429
-2,700
-7% -$181K
PHM icon
556
Pultegroup
PHM
$25.3B
$2.3M 0.02%
84,209
-9,100
-10% -$230K
MOS icon
557
The Mosaic Company
MOS
$7.33B
$2.3M 0.02%
106,482
-8,900
-8% -$193K
JBLU icon
558
JetBlue
JBLU
$2.29B
$2.29M 0.02%
123,723
-13,800
-10% -$289K
PII icon
559
Polaris
PII
$4.07B
$2.29M 0.02%
21,900
-2,200
-9% -$208K
PACW
560
DELISTED
PacWest Bancorp
PACW
$2.28M 0.02%
45,200
-4,200
-9% -$196K
LPT
561
DELISTED
Liberty Property Trust
LPT
$2.27M 0.02%
55,400
-5,300
-9% -$221K
DEI icon
562
Douglas Emmett
DEI
$1.96B
$2.27M 0.02%
57,600
-2,900
-5% -$111K
DCI icon
563
Donaldson
DCI
$11.4B
$2.27M 0.02%
49,320
-5,100
-9% -$236K
TYL icon
564
Tyler Technologies
TYL
$12.8B
$2.27M 0.02%
13,000
-900
-6% -$155K
ACC
565
DELISTED
American Campus Communities, Inc.
ACC
$2.27M 0.02%
51,300
-4,000
-7% -$189K
NDSN icon
566
Nordson
NDSN
$17.3B
$2.26M 0.02%
19,060
-3,000
-14% -$359K
MSCC
567
DELISTED
Microsemi Corp
MSCC
$2.23M 0.02%
43,400
-4,200
-9% -$211K
AAP icon
568
Advance Auto Parts
AAP
$3.49B
$2.22M 0.02%
22,368
-1,900
-8% -$192K
WTRG icon
569
Essential Utilities
WTRG
$11.4B
$2.22M 0.02%
66,816
-6,400
-9% -$214K
AES icon
570
AES
AES
$10.5B
$2.21M 0.02%
200,405
-16,600
-8% -$185K
CPRI icon
571
Capri Holdings
CPRI
$1.74B
$2.2M 0.02%
46,048
-5,200
-10% -$211K
POST icon
572
Post Holdings
POST
$3.57B
$2.2M 0.02%
38,047
-3,667
-9% -$201K
OZK icon
573
Bank OZK
OZK
$5.61B
$2.2M 0.02%
45,700
-4,400
-9% -$196K
LYV icon
574
Live Nation Entertainment
LYV
$42.1B
$2.19M 0.02%
50,400
-4,700
-9% -$182K
AYI icon
575
Acuity Brands
AYI
$10.8B
$2.19M 0.02%
12,800
-1,700
-12% -$317K
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 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.