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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
ACC
601
DELISTED
American Campus Communities, Inc.
ACC
$2.01M 0.02%
49,000
-2,300
-4% -$98.3K
EGN
602
DELISTED
Energen
EGN
$2.01M 0.02%
34,900
-1,700
-5% -$92.3K
CRI icon
603
Carter's
CRI
$1.47B
$2M 0.02%
17,000
-1,000
-6% -$104K
HRC
604
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.99M 0.02%
23,650
-1,100
-4% -$89K
STL
605
DELISTED
Sterling Bancorp
STL
$1.99M 0.02%
80,800
-2,900
-3% -$71.8K
EXP icon
606
Eagle Materials
EXP
$6.57B
$1.98M 0.02%
17,500
-700
-4% -$75.7K
ZBRA icon
607
Zebra Technologies
ZBRA
$17.8B
$1.98M 0.02%
19,100
-900
-5% -$97.8K
DCT
608
DELISTED
DCT Industrial Trust Inc.
DCT
$1.97M 0.02%
33,500
-1,500
-4% -$88.8K
CTLT
609
DELISTED
CATALENT, INC.
CTLT
$1.96M 0.02%
47,800
-1,600
-3% -$65.1K
OHI icon
610
Omega Healthcare
OHI
$14.7B
$1.96M 0.02%
71,200
-3,000
-4% -$86.6K
CFR icon
611
Cullen/Frost Bankers
CFR
$10.2B
$1.96M 0.02%
20,700
-1,300
-6% -$125K
CONE
612
DELISTED
CyrusOne Inc Common Stock
CONE
$1.95M 0.02%
32,800
-1,500
-4% -$91K
GRMN
613
Garmin
GRMN
$60B
$1.94M 0.02%
32,562
-1,100
-3% -$64.5K
CW icon
614
Curtiss-Wright
CW
$25.5B
$1.94M 0.02%
15,900
-700
-4% -$82.6K
ATR icon
615
AptarGroup
ATR
$8.61B
$1.93M 0.02%
22,400
-1,200
-5% -$105K
RGLD icon
616
Royal Gold
RGLD
$19.5B
$1.93M 0.02%
23,500
-1,100
-4% -$94.2K
SON icon
617
Sonoco
SON
$5.74B
$1.9M 0.02%
35,711
-1,700
-5% -$89K
PBCT
618
DELISTED
People's United Financial Inc
PBCT
$1.9M 0.02%
101,475
-3,000
-3% -$55.6K
FLIR
619
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.89M 0.01%
40,585
-1,000
-2% -$45.7K
HIW icon
620
Highwoods Properties
HIW
$3.47B
$1.89M 0.01%
37,100
-1,700
-4% -$87.6K
MDU icon
621
MDU Resources
MDU
$4.3B
$1.89M 0.01%
184,518
-8,679
-4% -$88.9K
ORI icon
622
Old Republic International
ORI
$10.4B
$1.89M 0.01%
88,227
-4,000
-4% -$81.7K
POST icon
623
Post Holdings
POST
$3.57B
$1.89M 0.01%
36,366
-1,681
-4% -$89.4K
CBSH icon
624
Commerce Bancshares
CBSH
$8.5B
$1.88M 0.01%
49,824
-2,364
-5% -$88.1K
WSO icon
625
Watsco Inc
WSO
$13.6B
$1.87M 0.01%
11,000
-400
-4% -$66.1K
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 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.