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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
MDSO
651
DELISTED
Medidata Solutions, Inc.
MDSO
$1.72M 0.01%
22,000
-800
-4% -$60.9K
PB icon
652
Prosperity Bancshares
PB
$8.89B
$1.72M 0.01%
26,100
-2,500
-9% -$157K
VYX icon
653
NCR Voyix
VYX
$1.14B
$1.72M 0.01%
74,556
-6,846
-8% -$157K
PWR icon
654
Quanta Services
PWR
$101B
$1.71M 0.01%
45,856
-2,800
-6% -$98.2K
GWR
655
DELISTED
Genesee & Wyoming Inc.
GWR
$1.71M 0.01%
23,100
-2,300
-9% -$157K
FNB icon
656
FNB Corp
FNB
$6.75B
$1.71M 0.01%
121,600
-11,600
-9% -$155K
NATI
657
DELISTED
National Instruments Corp
NATI
$1.7M 0.01%
40,275
-3,500
-8% -$143K
TECH icon
658
Bio-Techne
TECH
$11.3B
$1.69M 0.01%
56,000
-5,600
-9% -$166K
PRXL
659
DELISTED
Parexel International Corp
PRXL
$1.69M 0.01%
19,200
-1,700
-8% -$149K
FLS icon
660
Flowserve
FLS
$10.2B
$1.69M 0.01%
39,675
-3,300
-8% -$139K
BIO icon
661
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.69M 0.01%
7,600
-1,000
-12% -$225K
FHN icon
662
First Horizon
FHN
$12.1B
$1.69M 0.01%
88,083
-8,300
-9% -$146K
X
663
DELISTED
US Steel
X
$1.69M 0.01%
65,700
-6,300
-9% -$154K
R icon
664
Ryder
R
$10.1B
$1.68M 0.01%
19,900
-2,200
-10% -$167K
WEX icon
665
WEX
WEX
$6.31B
$1.68M 0.01%
15,000
-900
-6% -$97.5K
EPR icon
666
EPR Properties
EPR
$4.77B
$1.68M 0.01%
24,100
-2,300
-9% -$162K
HRB icon
667
H&R Block
HRB
$5.86B
$1.68M 0.01%
63,398
-4,600
-7% -$134K
PTEN icon
668
Patterson-UTI
PTEN
$3.76B
$1.68M 0.01%
80,200
+12,000
+18% +$221K
POOL icon
669
Pool Corp
POOL
$7.5B
$1.68M 0.01%
15,500
-1,500
-9% -$162K
IDA icon
670
Idacorp
IDA
$8.2B
$1.67M 0.01%
18,980
-1,800
-9% -$157K
LFUS icon
671
Littelfuse
LFUS
$11.6B
$1.67M 0.01%
8,500
-900
-10% -$163K
JWN
672
DELISTED
Nordstrom
JWN
$1.66M 0.01%
35,292
-1,300
-4% -$60.4K
ROL icon
673
Rollins
ROL
$18.2B
$1.66M 0.01%
81,088
-7,875
-9% -$152K
EVHC
674
DELISTED
Envision Healthcare Holdings Inc
EVHC
$1.65M 0.01%
36,700
-1,900
-5% -$101K
WTFC icon
675
Wintrust Financial
WTFC
$10.7B
$1.65M 0.01%
21,000
-1,900
-8% -$141K
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 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.