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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
+6.41%
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
$12.7B
AUM Growth
+$329M
Cap. Flow
-$336M
Cap. Flow %
-2.65%
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$49.6M
2
CVS icon
CVS Health
CVS
+$43.5M
3
AGNC icon
AGNC Investment
AGNC
+$41M
4
GPMT
Granite Point Mortgage Trust
GPMT
+$26.9M
5
MCHP icon
Microchip Technology
MCHP
+$19.1M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$72.5M
2
VR
Validus Hold Ltd
VR
+$39.5M
3
XYZ
Block Inc
XYZ
+$34.6M
4
DIS icon
Walt Disney
DIS
+$33.5M
5
ADBE icon
Adobe
ADBE
+$31.9M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Technology 14.55%
3 Healthcare 13.76%
4 Communication Services 10.45%
5 Industrials 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NNN icon
551
NNN REIT
NNN
$8.99B
$2.36M 0.02%
54,700
-1,400
-2% -$58.8K
DEI icon
552
Douglas Emmett
DEI
$1.96B
$2.35M 0.02%
57,300
-300
-0.5% -$12.1K
FTNT icon
553
Fortinet
FTNT
$117B
$2.35M 0.02%
269,000
-15,000
-5% -$122K
PACW
554
DELISTED
PacWest Bancorp
PACW
$2.33M 0.02%
46,300
+1,100
+2% +$52.5K
GT icon
555
Goodyear
GT
$1.85B
$2.33M 0.02%
72,216
-4,200
-5% -$133K
FHN icon
556
First Horizon
FHN
$12.1B
$2.33M 0.02%
116,683
+28,600
+32% +$550K
J icon
557
Jacobs Solutions
J
$17B
$2.33M 0.02%
42,690
-1,451
-3% -$74.4K
NGG icon
558
National Grid
NGG
$81.3B
$2.33M 0.02%
44,764
– –
BDX icon
559
Becton Dickinson
BDX
$48.7B
$2.32M 0.02%
+11,124
New +$2.33M
TDY icon
560
Teledyne Technologies
TDY
$32B
$2.3M 0.02%
12,700
-600
-5% -$105K
IPG
561
DELISTED
Interpublic Group of Companies
IPG
$2.3M 0.02%
113,929
-5,400
-5% -$108K
UTHR icon
562
United Therapeutics
UTHR
$23.1B
$2.29M 0.02%
15,500
-800
-5% -$102K
FLG
563
Flagstar Bank National Association
FLG
$5.82B
$2.29M 0.02%
58,590
-2,733
-4% -$106K
DCI icon
564
Donaldson
DCI
$11.4B
$2.29M 0.02%
46,720
-2,600
-5% -$124K
LPT
565
DELISTED
Liberty Property Trust
LPT
$2.28M 0.02%
53,000
-2,400
-4% -$104K
KIM icon
566
Kimco Realty
KIM
$16.4B
$2.26M 0.02%
124,738
-4,400
-3% -$82.4K
M icon
567
Macy's
M
$6.68B
$2.25M 0.02%
89,330
-3,100
-3% -$68K
RS icon
568
Reliance Steel & Aluminium
RS
$21.6B
$2.25M 0.02%
26,200
-1,200
-4% -$94.5K
HBI
569
DELISTED
Hanesbrands
HBI
$2.23M 0.02%
106,892
-3,700
-3% -$79K
TYL icon
570
Tyler Technologies
TYL
$12.8B
$2.23M 0.02%
12,600
-400
-3% -$71K
FAF icon
571
First American
FAF
$7.58B
$2.23M 0.02%
39,800
-1,800
-4% -$96.9K
ULTI
572
DELISTED
Ultimate Software Group Inc
ULTI
$2.23M 0.02%
10,200
-500
-5% -$101K
ALLE icon
573
Allegion
ALLE
$14.4B
$2.22M 0.02%
27,885
-900
-3% -$75.4K
X
574
DELISTED
US Steel
X
$2.21M 0.02%
62,800
-2,900
-4% -$84.3K
MSCC
575
DELISTED
Microsemi Corp
MSCC
$2.19M 0.02%
42,300
-1,100
-3% -$57.8K
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 2017 Portfolio in Review

As of Q4 2017, State of Michigan Retirement System held 955 positions worth $12.7B, up 2.7% from $12.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2017: portfolio turnover was 2.8%. State of Michigan Retirement System opened 11 new positions and exited 16, leaving the 955-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q4 2017 buy was Granite Point Mortgage Trust: 1,478,739 shares worth $26.2M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q4 2017, an estimated $49.6M increase.
  • State of Michigan Retirement System's biggest Q4 2017 reduction was Validus Hold Ltd, cutting an estimated $39.5M.
  • State of Michigan Retirement System fully exited Honeywell in Q4 2017, selling an estimated $72.5M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.7B portfolio in Q4 2017.
  • State of Michigan Retirement System opened 11 new positions and closed 16 in Q4 2017.
  • State of Michigan Retirement System's portfolio value rose 2.7% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2017, filed 1 Feb 2018.