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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
ORI icon
651
Old Republic International
ORI
$10.4B
$1.87M 0.01%
98,327
+100
+0.1% +$1.8K
RVTY icon
652
Revvity
RVTY
$12.8B
$1.87M 0.01%
35,829
-2,312
-6% -$121K
TOL icon
653
Toll Brothers
TOL
$14.5B
$1.86M 0.01%
60,100
-600
-1% -$17.8K
GGG icon
654
Graco
GGG
$13.5B
$1.86M 0.01%
67,200
– –
ATR icon
655
AptarGroup
ATR
$8.61B
$1.85M 0.01%
25,200
-100
-0.4% -$7.44K
JLL icon
656
Jones Lang LaSalle
JLL
$16.7B
$1.84M 0.01%
18,200
– –
EPR icon
657
EPR Properties
EPR
$4.77B
$1.84M 0.01%
25,600
– –
ZBRA icon
658
Zebra Technologies
ZBRA
$17.8B
$1.83M 0.01%
21,300
+100
+0.5% +$7.41K
ABMD
659
DELISTED
Abiomed Inc
ABMD
$1.82M 0.01%
16,200
+100
+0.6% +$11.6K
GRMN
660
Garmin
GRMN
$60B
$1.82M 0.01%
37,562
-2,684
-7% -$134K
JWN
661
DELISTED
Nordstrom
JWN
$1.82M 0.01%
37,992
-2,608
-6% -$142K
DHC
662
Diversified Healthcare Trust
DHC
$2.14B
$1.81M 0.01%
95,700
+100
+0.1% +$1.94K
PNRA
663
DELISTED
Panera Bread Co
PNRA
$1.8M 0.01%
8,800
-200
-2% -$40.5K
BMS
664
DELISTED
Bemis
BMS
$1.8M 0.01%
37,700
-400
-1% -$19.7K
TCO
665
DELISTED
Taubman Centers Inc.
TCO
$1.8M 0.01%
24,300
– –
PHM icon
666
Pultegroup
PHM
$25.3B
$1.79M 0.01%
97,309
-10,572
-10% -$201K
FTNT icon
667
Fortinet
FTNT
$117B
$1.78M 0.01%
296,000
+500
+0.2% +$3.13K
QEP
668
DELISTED
QEP RESOURCES, INC.
QEP
$1.78M 0.01%
96,500
+100
+0.1% +$1.81K
JBL icon
669
Jabil
JBL
$35.8B
$1.77M 0.01%
74,700
-2,200
-3% -$47.9K
DCT
670
DELISTED
DCT Industrial Trust Inc.
DCT
$1.76M 0.01%
36,700
+400
+1% +$18.4K
CW icon
671
Curtiss-Wright
CW
$25.5B
$1.75M 0.01%
17,800
-100
-0.6% -$9.51K
UAA icon
672
Under Armour
UAA
$2.6B
$1.75M 0.01%
60,056
-3,544
-6% -$116K
PVTB
673
DELISTED
PrivateBancorp Inc
PVTB
$1.74M 0.01%
32,100
+100
+0.3% +$4.82K
SWN
674
DELISTED
Southwestern Energy Company
SWN
$1.74M 0.01%
160,551
-11,640
-7% -$133K
TDY icon
675
Teledyne Technologies
TDY
$32B
$1.73M 0.01%
14,100
+200
+1% +$23.1K
25 26
27
28 29

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.