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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
SCI icon
601
Service Corp International
SCI
$11.6B
$2.18M 0.02%
76,700
-1,200
-2% -$32K
PTC icon
602
PTC
PTC
$16B
$2.15M 0.02%
46,539
+300
+0.6% +$14K
WTRG icon
603
Essential Utilities
WTRG
$11.4B
$2.15M 0.02%
71,416
– –
SIG icon
604
Signet Jewelers
SIG
$3.76B
$2.14M 0.02%
22,744
-3,656
-14% -$321K
LEG icon
605
Leggett & Platt
LEG
$1.31B
$2.13M 0.02%
43,677
-2,948
-6% -$140K
ULTI
606
DELISTED
Ultimate Software Group Inc
ULTI
$2.13M 0.02%
11,700
+100
+0.9% +$20K
DEI icon
607
Douglas Emmett
DEI
$1.96B
$2.12M 0.02%
58,000
+200
+0.3% +$7.23K
SON icon
608
Sonoco
SON
$5.74B
$2.12M 0.02%
40,211
-100
-0.2% -$5.22K
LW icon
609
Lamb Weston
LW
$7.19B
$2.12M 0.02%
+55,900
New +$1.91M
RRC icon
610
Range Resources
RRC
$8.95B
$2.11M 0.02%
61,407
+2,484
+4% +$88.9K
SVC
611
Service Properties Trust
SVC
$1.07B
$2.1M 0.02%
13,240
+20
+0.2% +$2.9K
POST icon
612
Post Holdings
POST
$3.57B
$2.1M 0.02%
39,881
+153
+0.4% +$7.73K
OA
613
DELISTED
Orbital ATK, Inc.
OA
$2.07M 0.02%
23,600
– –
HIW icon
614
Highwoods Properties
HIW
$3.47B
$2.06M 0.02%
40,400
+700
+2% +$34.3K
RHI icon
615
Robert Half
RHI
$4.37B
$2.06M 0.02%
42,160
-3,300
-7% -$141K
TER icon
616
Teradyne
TER
$59.3B
$2.06M 0.02%
81,000
-400
-0.5% -$9.49K
FLS icon
617
Flowserve
FLS
$10.2B
$2.05M 0.02%
42,675
-2,800
-6% -$130K
BURL icon
618
Burlington
BURL
$23.2B
$2.03M 0.02%
24,000
+5,500
+30% +$444K
CBSH icon
619
Commerce Bancshares
CBSH
$8.5B
$2.03M 0.02%
54,515
-1
-0% -$34
BRCD
620
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$2.02M 0.02%
162,000
+600
+0.4% +$6.75K
VYX icon
621
NCR Voyix
VYX
$1.14B
$2.02M 0.02%
81,239
– –
GNW icon
622
Genworth Financial
GNW
$3.71B
$2.02M 0.02%
530,362
+131,600
+33% +$580K
SNV
623
DELISTED
Synovus
SNV
$2.02M 0.02%
49,205
-300
-0.6% -$11K
WPX
624
DELISTED
WPX Energy, Inc.
WPX
$2.02M 0.02%
138,700
+100
+0.1% +$1.32K
PB icon
625
Prosperity Bancshares
PB
$8.89B
$2.01M 0.02%
28,000
– –
23 24
25
26 27

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.