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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
GXP
576
DELISTED
Great Plains Energy Incorporated
GXP
$2.37M 0.02%
86,710
+3,300
+4% +$90.2K
LPT
577
DELISTED
Liberty Property Trust
LPT
$2.34M 0.02%
59,200
+100
+0.2% +$3.92K
PVH icon
578
PVH
PVH
$4.04B
$2.34M 0.02%
25,896
-2,104
-8% -$221K
NI icon
579
NiSource
NI
$20.4B
$2.34M 0.02%
105,502
-6,964
-6% -$155K
AIV
580
Aimco
AIV
$383M
$2.33M 0.02%
385,309
-25,223
-6% -$144K
RS icon
581
Reliance Steel & Aluminium
RS
$21.6B
$2.32M 0.02%
29,200
– –
DINO icon
582
HF Sinclair
DINO
$14.5B
$2.32M 0.02%
70,790
-300
-0.4% -$8.31K
EFOI icon
583
Energy Focus
EFOI
$20.3M
$2.32M 0.02%
15,580
-228
-1% -$36.1K
ARRS
584
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$2.31M 0.02%
76,800
+100
+0.1% +$2.9K
STE icon
585
Steris
STE
$23.1B
$2.31M 0.02%
34,300
-400
-1% -$27.1K
CPRI icon
586
Capri Holdings
CPRI
$1.74B
$2.31M 0.02%
53,748
-5,252
-9% -$249K
X
587
DELISTED
US Steel
X
$2.29M 0.02%
69,500
+1,700
+3% +$45.4K
CPRT icon
588
Copart
CPRT
$27.5B
$2.27M 0.02%
328,416
+15,200
+5% +$103K
VRSN icon
589
VeriSign
VRSN
$26.6B
$2.26M 0.02%
29,757
-2,696
-8% -$213K
MDU icon
590
MDU Resources
MDU
$4.32B
$2.26M 0.02%
206,872
+263
+0.1% +$2.72K
RNR icon
591
RenaissanceRe
RNR
$13.4B
$2.26M 0.02%
16,600
– –
EGN
592
DELISTED
Energen
EGN
$2.25M 0.02%
39,100
– –
ACM icon
593
Aecom
ACM
$9.75B
$2.25M 0.02%
62,000
+100
+0.2% +$3.32K
J icon
594
Jacobs Solutions
J
$17B
$2.25M 0.02%
47,768
-3,481
-7% -$160K
WYNN icon
595
Wynn Resorts
WYNN
$10.6B
$2.25M 0.02%
25,970
-1,704
-6% -$159K
WOOF
596
DELISTED
VCA Inc.
WOOF
$2.25M 0.02%
32,700
+200
+0.6% +$13.1K
SNI
597
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.22M 0.02%
31,123
-2,120
-6% -$143K
MKTX icon
598
MarketAxess Holdings
MKTX
$5.72B
$2.22M 0.02%
15,100
– –
QRVO icon
599
Qorvo
QRVO
$8.74B
$2.2M 0.02%
41,724
-2,876
-6% -$157K
CGNX icon
600
Cognex
CGNX
$11.3B
$2.19M 0.02%
69,000
+400
+0.6% +$11.5K
22 23
24
25 26

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.