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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
COHR
576
DELISTED
Coherent Inc
COHR
$2.19M 0.02%
9,300
-900
-9% -$217K
LOGM
577
DELISTED
LogMein, Inc.
LOGM
$2.18M 0.02%
19,802
-1,900
-9% -$213K
ZBRA icon
578
Zebra Technologies
ZBRA
$17.8B
$2.17M 0.02%
20,000
-1,800
-8% -$185K
ACM icon
579
Aecom
ACM
$9.75B
$2.17M 0.02%
58,900
-5,300
-8% -$174K
XRX icon
580
Xerox
XRX
$425M
$2.16M 0.02%
64,818
-5,300
-8% -$167K
OLN icon
581
Olin
OLN
$2.12B
$2.14M 0.02%
62,511
-5,900
-9% -$184K
LECO icon
582
Lincoln Electric
LECO
$15.4B
$2.14M 0.02%
23,300
-2,200
-9% -$196K
EV
583
DELISTED
Eaton Vance Corp.
EV
$2.13M 0.02%
43,200
-4,200
-9% -$201K
GNTX icon
584
Gentex
GNTX
$5.07B
$2.13M 0.02%
107,400
-11,000
-9% -$200K
J icon
585
Jacobs Solutions
J
$17B
$2.13M 0.02%
44,141
-3,748
-8% -$168K
RGLD icon
586
Royal Gold
RGLD
$19.5B
$2.12M 0.02%
24,600
-2,300
-9% -$199K
TDY icon
587
Teledyne Technologies
TDY
$32B
$2.12M 0.02%
13,300
-1,200
-8% -$174K
JLL icon
588
Jones Lang LaSalle
JLL
$16.7B
$2.11M 0.02%
17,100
-1,600
-9% -$198K
SNV
589
DELISTED
Synovus
SNV
$2.1M 0.02%
45,705
-4,700
-9% -$204K
SCG
590
DELISTED
Scana
SCG
$2.1M 0.02%
43,416
-3,600
-8% -$221K
BRO icon
591
Brown & Brown
BRO
$23.9B
$2.1M 0.02%
87,200
-7,600
-8% -$171K
AIV
592
Aimco
AIV
$383M
$2.09M 0.02%
357,534
-30,027
-8% -$179K
CFR icon
593
Cullen/Frost Bankers
CFR
$10.2B
$2.09M 0.02%
22,000
-1,500
-6% -$136K
RS icon
594
Reliance Steel & Aluminium
RS
$21.6B
$2.09M 0.02%
27,400
-2,600
-9% -$190K
FAF icon
595
First American
FAF
$7.58B
$2.08M 0.02%
41,600
-3,900
-9% -$186K
STL
596
DELISTED
Sterling Bancorp
STL
$2.06M 0.02%
+83,700
New +$1.91M
RNR icon
597
RenaissanceRe
RNR
$13.4B
$2.05M 0.02%
15,200
-1,500
-9% -$211K
ATR icon
598
AptarGroup
ATR
$8.61B
$2.04M 0.02%
23,600
-2,100
-8% -$179K
FTNT icon
599
Fortinet
FTNT
$117B
$2.04M 0.02%
284,000
-24,000
-8% -$182K
ULTI
600
DELISTED
Ultimate Software Group Inc
ULTI
$2.03M 0.02%
10,700
-1,500
-12% -$303K
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 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.