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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
SRCL
626
DELISTED
Stericycle Inc
SRCL
$1.85M 0.02%
25,881
-2,100
-8% -$155K
WSO icon
627
Watsco Inc
WSO
$13.6B
$1.84M 0.01%
11,400
-1,100
-9% -$166K
HRC
628
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.83M 0.01%
24,750
+100
+0.4% +$7.7K
AGCO icon
629
AGCO
AGCO
$7.2B
$1.83M 0.01%
24,800
-2,700
-10% -$189K
NFG icon
630
National Fuel Gas
NFG
$7.65B
$1.82M 0.01%
32,180
-3,000
-9% -$174K
WBS icon
631
Webster Financial
WBS
$12.8B
$1.82M 0.01%
34,650
-3,400
-9% -$170K
AVT icon
632
Avnet
AVT
$7.92B
$1.82M 0.01%
46,240
-5,300
-10% -$203K
GRMN
633
Garmin
GRMN
$60B
$1.82M 0.01%
33,662
-4,000
-11% -$207K
ORI icon
634
Old Republic International
ORI
$10.4B
$1.82M 0.01%
92,227
-8,800
-9% -$171K
TRN icon
635
Trinity Industries
TRN
$2.38B
$1.81M 0.01%
79,026
-8,056
-9% -$166K
MAC icon
636
Macerich
MAC
$6.92B
$1.81M 0.01%
33,008
-6,100
-16% -$342K
SIX
637
DELISTED
Six Flags Entertainment Corp.
SIX
$1.8M 0.01%
+29,600
New +$1.66M
DNKN
638
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.8M 0.01%
33,900
-4,100
-11% -$218K
MPT
639
Medical Properties Trust
MPT
$2.81B
$1.8M 0.01%
136,900
-13,100
-9% -$169K
NFX
640
DELISTED
Newfield Exploration
NFX
$1.79M 0.01%
60,412
-5,100
-8% -$137K
VVV icon
641
Valvoline
VVV
$4.51B
$1.79M 0.01%
76,228
-8,100
-10% -$182K
FLR icon
642
Fluor
FLR
$7.96B
$1.79M 0.01%
42,453
-3,500
-8% -$145K
CRI icon
643
Carter's
CRI
$1.47B
$1.78M 0.01%
18,000
-1,900
-10% -$169K
BHF icon
644
Brighthouse Financial
BHF
$3.5B
$1.77M 0.01%
+29,080
New +$1.66M
SVC
645
Service Properties Trust
SVC
$1.07B
$1.76M 0.01%
12,360
-1,180
-9% -$166K
DHC
646
Diversified Healthcare Trust
DHC
$2.14B
$1.75M 0.01%
89,300
-8,600
-9% -$168K
CW icon
647
Curtiss-Wright
CW
$25.5B
$1.74M 0.01%
16,600
-1,600
-9% -$155K
EHC icon
648
Encompass Health
EHC
$12.4B
$1.72M 0.01%
46,635
+252
+0.5% +$8.98K
WPX
649
DELISTED
WPX Energy, Inc.
WPX
$1.72M 0.01%
149,600
-14,300
-9% -$146K
HP icon
650
Helmerich & Payne
HP
$3.71B
$1.72M 0.01%
32,992
-2,700
-8% -$134K
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 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.