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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
CLB icon
651
Core Laboratories
CLB
$521M
$1.74M 0.01%
15,900
-700
-4% -$69.9K
BC icon
652
Brunswick
BC
$5.28B
$1.74M 0.01%
31,500
-1,900
-6% -$103K
EME icon
653
Emcor
EME
$36B
$1.73M 0.01%
21,100
-1,200
-5% -$92.9K
AVT icon
654
Avnet
AVT
$7.92B
$1.72M 0.01%
43,440
-2,800
-6% -$112K
FL
655
DELISTED
Foot Locker
FL
$1.7M 0.01%
36,328
-3,500
-9% -$131K
SRCL
656
DELISTED
Stericycle Inc
SRCL
$1.7M 0.01%
24,981
-900
-3% -$61.1K
AGCO icon
657
AGCO
AGCO
$7.2B
$1.69M 0.01%
23,700
-1,100
-4% -$78.5K
NFG icon
658
National Fuel Gas
NFG
$7.65B
$1.69M 0.01%
30,780
-1,400
-4% -$80K
ITT icon
659
ITT
ITT
$19.1B
$1.69M 0.01%
31,600
-1,500
-5% -$75.3K
RL icon
660
Ralph Lauren
RL
$23.5B
$1.68M 0.01%
16,241
-600
-4% -$55.4K
DLPH
661
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$1.68M 0.01%
+32,000
New +$1.66M
MMS icon
662
Maximus
MMS
$3.11B
$1.68M 0.01%
23,400
-1,000
-4% -$67.3K
TDC icon
663
Teradata
TDC
$2.55B
$1.67M 0.01%
43,500
-3,900
-8% -$139K
DAN icon
664
Dana Inc
DAN
$3.06B
$1.67M 0.01%
52,100
-2,300
-4% -$70.8K
JBL icon
665
Jabil
JBL
$35.8B
$1.67M 0.01%
63,500
-3,900
-6% -$110K
SCG
666
DELISTED
Scana
SCG
$1.66M 0.01%
41,816
-1,600
-4% -$71.5K
WTFC icon
667
Wintrust Financial
WTFC
$10.7B
$1.66M 0.01%
20,100
-900
-4% -$72.5K
FICO icon
668
Fair Isaac
FICO
$22.5B
$1.66M 0.01%
10,800
-700
-6% -$106K
IDA icon
669
Idacorp
IDA
$8.2B
$1.65M 0.01%
18,080
-900
-5% -$84.1K
THG icon
670
Hanover Insurance
THG
$7.98B
$1.65M 0.01%
15,250
-700
-4% -$72.2K
BHF icon
671
Brighthouse Financial
BHF
$3.49B
$1.65M 0.01%
28,080
-1,000
-3% -$59.2K
UMPQ
672
DELISTED
Umpqua Holdings Corp
UMPQ
$1.65M 0.01%
79,200
-3,600
-4% -$74.4K
BLKB icon
673
Blackbaud
BLKB
$2.08B
$1.64M 0.01%
17,300
-800
-4% -$77K
DHC
674
Diversified Healthcare Trust
DHC
$2.14B
$1.64M 0.01%
85,400
-3,900
-4% -$74.7K
ARRS
675
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.63M 0.01%
63,400
-3,000
-5% -$84.3K
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 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.