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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
AYI icon
576
Acuity Brands
AYI
$10.8B
$2.18M 0.02%
12,400
-400
-3% -$66.6K
GAP
577
The Gap Inc
GAP
$7.37B
$2.17M 0.02%
63,846
-2,800
-4% -$83.5K
LOGM
578
DELISTED
LogMein, Inc.
LOGM
$2.16M 0.02%
18,902
-900
-5% -$106K
AAP icon
579
Advance Auto Parts
AAP
$3.49B
$2.16M 0.02%
21,668
-700
-3% -$64.4K
BRO icon
580
Brown & Brown
BRO
$23.9B
$2.14M 0.02%
83,200
-4,000
-5% -$100K
GNTX icon
581
Gentex
GNTX
$5.07B
$2.14M 0.02%
102,000
-5,400
-5% -$107K
OLN icon
582
Olin
OLN
$2.12B
$2.13M 0.02%
59,711
-2,800
-4% -$99.5K
FLR icon
583
Fluor
FLR
$7.96B
$2.12M 0.02%
40,953
-1,500
-4% -$69.8K
OZK icon
584
Bank OZK
OZK
$5.61B
$2.11M 0.02%
43,600
-2,100
-5% -$97.5K
ACM icon
585
Aecom
ACM
$9.75B
$2.11M 0.02%
56,700
-2,200
-4% -$80K
AES icon
586
AES
AES
$10.5B
$2.1M 0.02%
193,605
-6,800
-3% -$73.6K
BIVV
587
DELISTED
Bioverativ Inc. Common Stock
BIVV
$2.1M 0.02%
38,900
-1,800
-4% -$98.5K
DNKN
588
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.1M 0.02%
32,500
-1,400
-4% -$81.7K
CMG icon
589
Chipotle Mexican Grill
CMG
$41.5B
$2.09M 0.02%
362,000
-20,000
-5% -$119K
MAC icon
590
Macerich
MAC
$6.92B
$2.09M 0.02%
31,808
-1,200
-4% -$73.4K
SNV
591
DELISTED
Synovus
SNV
$2.06M 0.02%
43,005
-2,700
-6% -$128K
HP icon
592
Helmerich & Payne
HP
$3.71B
$2.06M 0.02%
31,792
-1,200
-4% -$67.3K
LYV icon
593
Live Nation Entertainment
LYV
$42.1B
$2.05M 0.02%
48,200
-2,200
-4% -$95.7K
TRN icon
594
Trinity Industries
TRN
$2.38B
$2.04M 0.02%
75,831
-3,195
-4% -$79.7K
RHI icon
595
Robert Half
RHI
$4.37B
$2.04M 0.02%
36,760
-1,500
-4% -$79.8K
LECO icon
596
Lincoln Electric
LECO
$15.4B
$2.03M 0.02%
22,200
-1,100
-5% -$101K
WEX icon
597
WEX
WEX
$6.31B
$2.02M 0.02%
14,300
-700
-5% -$87.6K
AIV
598
Aimco
AIV
$383M
$2.01M 0.02%
345,523
-12,011
-3% -$70.7K
WPX
599
DELISTED
WPX Energy, Inc.
WPX
$2.01M 0.02%
143,000
-6,600
-4% -$79.9K
KNX icon
600
Knight Transportation
KNX
$11.4B
$2.01M 0.02%
46,000
-2,000
-4% -$82.2K
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 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.