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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
ALLE icon
626
Allegion
ALLE
$14.4B
$2.01M 0.02%
31,385
-2,120
-6% -$140K
WBS icon
627
Webster Financial
WBS
$12.8B
$2.01M 0.02%
36,950
+100
+0.3% +$4.59K
CFR icon
628
Cullen/Frost Bankers
CFR
$10.2B
$1.99M 0.02%
22,600
+400
+2% +$32.1K
PII icon
629
Polaris
PII
$4.07B
$1.98M 0.02%
24,000
– –
PBCT
630
DELISTED
People's United Financial Inc
PBCT
$1.97M 0.02%
101,875
-6,696
-6% -$118K
BC icon
631
Brunswick
BC
$5.28B
$1.97M 0.02%
36,100
-200
-0.6% -$9.9K
NFG icon
632
National Fuel Gas
NFG
$7.65B
$1.94M 0.02%
34,280
+100
+0.3% +$5.47K
OSK icon
633
Oshkosh
OSK
$9.59B
$1.94M 0.02%
30,000
+400
+1% +$24.8K
DNKN
634
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.94M 0.02%
36,900
– –
DISCK
635
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.93M 0.02%
72,181
-6,096
-8% -$161K
THO icon
636
Thor Industries
THO
$4.14B
$1.93M 0.02%
19,300
+100
+0.5% +$9.02K
OZK icon
637
Bank OZK
OZK
$5.61B
$1.93M 0.02%
36,600
– –
SPLS
638
DELISTED
Staples Inc
SPLS
$1.93M 0.02%
212,731
-14,300
-6% -$125K
DEO icon
639
Diageo
DEO
$53.6B
$1.92M 0.02%
18,500
+5,500
+42% +$579K
LECO icon
640
Lincoln Electric
LECO
$15.4B
$1.92M 0.02%
25,000
-500
-2% -$35.8K
EV
641
DELISTED
Eaton Vance Corp.
EV
$1.91M 0.02%
45,700
– –
TYL icon
642
Tyler Technologies
TYL
$12.8B
$1.91M 0.02%
13,400
+100
+0.8% +$15.5K
EXP icon
643
Eagle Materials
EXP
$6.57B
$1.91M 0.02%
19,400
– –
SLM icon
644
SLM Corp
SLM
$5.15B
$1.9M 0.02%
172,425
+200
+0.1% +$1.79K
CNI icon
645
Canadian National Railway
CNI
$76.6B
$1.89M 0.02%
28,000
– –
DKS icon
646
Dick's Sporting Goods
DKS
$18.7B
$1.88M 0.01%
35,400
-19,300
-35% -$1.11M
FHN icon
647
First Horizon
FHN
$12.1B
$1.88M 0.01%
93,883
+500
+0.5% +$8.8K
CASY icon
648
Casey's General Stores
CASY
$30.9B
$1.88M 0.01%
15,800
– –
RIG icon
649
Transocean
RIG
$5.82B
$1.88M 0.01%
127,348
+7,448
+6% +$88.3K
NBR icon
650
Nabors Industries
NBR
$1.21B
$1.87M 0.01%
2,283
+2
+0.1% +$1.41K
24 25
26
27 28

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.