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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
POOL icon
626
Pool Corp
POOL
$7.5B
$1.87M 0.01%
14,400
-1,100
-7% -$134K
SIX
627
DELISTED
Six Flags Entertainment Corp.
SIX
$1.86M 0.01%
28,000
-1,600
-5% -$102K
CRL icon
628
Charles River Laboratories
CRL
$12.8B
$1.86M 0.01%
17,000
-900
-5% -$97.9K
WBS icon
629
Webster Financial
WBS
$12.8B
$1.86M 0.01%
33,050
-1,600
-5% -$87.6K
LEG icon
630
Leggett & Platt
LEG
$1.31B
$1.85M 0.01%
38,677
-1,500
-4% -$70.8K
MKSI icon
631
MKS Inc
MKSI
$20.6B
$1.84M 0.01%
+19,500
New +$1.94M
NFX
632
DELISTED
Newfield Exploration
NFX
$1.84M 0.01%
58,412
-2,000
-3% -$60.7K
PTEN icon
633
Patterson-UTI
PTEN
$3.76B
$1.84M 0.01%
80,000
-200
-0.2% -$4.14K
CY
634
DELISTED
Cypress Semiconductor
CY
$1.83M 0.01%
119,900
-5,100
-4% -$81K
VVV icon
635
Valvoline
VVV
$4.51B
$1.82M 0.01%
72,828
-3,400
-4% -$82.1K
XRX icon
636
Xerox
XRX
$425M
$1.82M 0.01%
62,618
-2,200
-3% -$66.8K
SKX
637
DELISTED
Skechers
SKX
$1.82M 0.01%
48,100
-2,300
-5% -$74.5K
NWSA icon
638
News Corp Class A
NWSA
$15.4B
$1.82M 0.01%
112,239
-3,700
-3% -$55.4K
MUR icon
639
Murphy Oil
MUR
$4.78B
$1.81M 0.01%
58,300
-2,700
-4% -$75.2K
RNR icon
640
RenaissanceRe
RNR
$13.4B
$1.81M 0.01%
14,400
-800
-5% -$107K
MPT
641
Medical Properties Trust
MPT
$2.81B
$1.8M 0.01%
130,900
-6,000
-4% -$81.1K
MD icon
642
Pediatrix Medical
MD
$2.2B
$1.8M 0.01%
33,700
-1,500
-4% -$70.8K
PWR icon
643
Quanta Services
PWR
$101B
$1.77M 0.01%
45,356
-500
-1% -$18.8K
SVC
644
Service Properties Trust
SVC
$1.07B
$1.76M 0.01%
11,820
-540
-4% -$79.3K
PNFP icon
645
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.76M 0.01%
26,500
-1,200
-4% -$79.8K
SLM icon
646
SLM Corp
SLM
$5.15B
$1.75M 0.01%
155,225
-7,100
-4% -$77.7K
PB icon
647
Prosperity Bancshares
PB
$8.86B
$1.75M 0.01%
25,000
-1,100
-4% -$73.5K
TECH icon
648
Bio-Techne
TECH
$11.3B
$1.75M 0.01%
54,000
-2,000
-4% -$63.5K
GWR
649
DELISTED
Genesee & Wyoming Inc.
GWR
$1.75M 0.01%
22,200
-900
-4% -$67.2K
BIO icon
650
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.74M 0.01%
7,300
-300
-4% -$72.7K
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 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.