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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
DCT
601
DELISTED
DCT Industrial Trust Inc.
DCT
$2.03M 0.02%
35,000
-2,900
-8% -$165K
HIW icon
602
Highwoods Properties
HIW
$3.47B
$2.02M 0.02%
38,800
-3,300
-8% -$169K
CONE
603
DELISTED
CyrusOne Inc Common Stock
CONE
$2.02M 0.02%
34,300
+2,100
+7% +$125K
M icon
604
Macy's
M
$6.68B
$2.02M 0.02%
92,430
-7,600
-8% -$167K
EGN
605
DELISTED
Energen
EGN
$2M 0.02%
36,600
-3,400
-9% -$173K
KNX icon
606
Knight Transportation
KNX
$11.4B
$1.99M 0.02%
+48,000
New +$1.82M
CTLT
607
DELISTED
CATALENT, INC.
CTLT
$1.97M 0.02%
49,400
-2,100
-4% -$77.8K
GAP
608
The Gap Inc
GAP
$7.37B
$1.97M 0.02%
66,646
-5,700
-8% -$140K
CBSH icon
609
Commerce Bancshares
CBSH
$8.5B
$1.94M 0.02%
52,188
-3,723
-7% -$135K
EXP icon
610
Eagle Materials
EXP
$6.57B
$1.94M 0.02%
18,200
-1,800
-9% -$172K
CRL icon
611
Charles River Laboratories
CRL
$12.8B
$1.93M 0.02%
17,900
-1,700
-9% -$175K
RHI icon
612
Robert Half
RHI
$4.37B
$1.93M 0.02%
38,260
-3,500
-8% -$162K
JBL icon
613
Jabil
JBL
$35.8B
$1.92M 0.02%
67,400
-7,700
-10% -$233K
LEG icon
614
Leggett & Platt
LEG
$1.31B
$1.92M 0.02%
40,177
-3,300
-8% -$160K
UTHR icon
615
United Therapeutics
UTHR
$23.1B
$1.91M 0.02%
16,300
-2,300
-12% -$294K
MDU icon
616
MDU Resources
MDU
$4.32B
$1.91M 0.02%
193,197
-18,409
-9% -$184K
WP
617
DELISTED
Worldpay, Inc.
WP
$1.9M 0.02%
26,950
– –
PBCT
618
DELISTED
People's United Financial Inc
PBCT
$1.9M 0.02%
104,475
-7,600
-7% -$131K
ARRS
619
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.89M 0.02%
66,400
-11,000
-14% -$305K
SON icon
620
Sonoco
SON
$5.74B
$1.89M 0.02%
37,411
-3,600
-9% -$177K
CY
621
DELISTED
Cypress Semiconductor
CY
$1.88M 0.02%
125,000
-10,800
-8% -$151K
BC icon
622
Brunswick
BC
$5.28B
$1.87M 0.02%
33,400
-3,400
-9% -$191K
SLM icon
623
SLM Corp
SLM
$5.15B
$1.86M 0.02%
162,325
-15,400
-9% -$167K
BRCD
624
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$1.86M 0.02%
155,600
-13,400
-8% -$166K
PNFP icon
625
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.85M 0.02%
27,700
-2,000
-7% -$126K
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 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.