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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
AIZ icon
676
Assurant
AIZ
$14.3B
$1.73M 0.01%
18,657
-2,340
-11% -$204K
POOL icon
677
Pool Corp
POOL
$7.5B
$1.73M 0.01%
16,600
-300
-2% -$29.6K
TRIP icon
678
TripAdvisor
TRIP
$1.26B
$1.73M 0.01%
37,354
-2,484
-6% -$137K
WEX icon
679
WEX
WEX
$6.31B
$1.73M 0.01%
15,500
– –
EME icon
680
Emcor
EME
$36B
$1.73M 0.01%
24,400
-100
-0.4% -$6.55K
PWR icon
681
Quanta Services
PWR
$101B
$1.72M 0.01%
49,456
-3,288
-6% -$103K
MNK
682
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$1.72M 0.01%
34,612
-2,988
-8% -$176K
CRI icon
683
Carter's
CRI
$1.47B
$1.72M 0.01%
19,900
-200
-1% -$17.9K
GWR
684
DELISTED
Genesee & Wyoming Inc.
GWR
$1.71M 0.01%
24,700
+1,700
+7% +$121K
CHK
685
DELISTED
Chesapeake Energy Corporation
CHK
$1.71M 0.01%
1,219
+80
+7% +$105K
SMG icon
686
ScottsMiracle-Gro
SMG
$3.66B
$1.71M 0.01%
17,875
-400
-2% -$35.9K
EPC icon
687
Edgewell Personal Care
EPC
$1.31B
$1.7M 0.01%
23,344
-400
-2% -$30.9K
OLN icon
688
Olin
OLN
$2.12B
$1.7M 0.01%
66,511
– –
TRN icon
689
Trinity Industries
TRN
$2.38B
$1.7M 0.01%
85,137
– –
WRI
690
DELISTED
Weingarten Realty Investors
WRI
$1.7M 0.01%
47,400
+100
+0.2% +$3.59K
RGLD icon
691
Royal Gold
RGLD
$19.5B
$1.67M 0.01%
26,300
– –
UMPQ
692
DELISTED
Umpqua Holdings Corp
UMPQ
$1.67M 0.01%
88,700
+100
+0.1% +$1.7K
MUR icon
693
Murphy Oil
MUR
$4.78B
$1.65M 0.01%
52,969
-3,532
-6% -$107K
RNAC icon
694
Cartesian Therapeutics
RNAC
$268M
$1.65M 0.01%
+3,200
New +$1.87M
THS
695
DELISTED
Treehouse Foods
THS
$1.65M 0.01%
22,800
– –
CNK icon
696
Cinemark Holdings
CNK
$4.32B
$1.63M 0.01%
42,600
– –
IDA icon
697
Idacorp
IDA
$8.2B
$1.63M 0.01%
20,280
– –
NAVI icon
698
Navient
NAVI
$853M
$1.63M 0.01%
99,133
-11,492
-10% -$179K
HAIN icon
699
Hain Celestial
HAIN
$53.7M
$1.63M 0.01%
41,700
+100
+0.2% +$3.75K
MENT
700
DELISTED
Mentor Graphics Corp
MENT
$1.63M 0.01%
44,060
+500
+1% +$16.3K
26 27
28
29 30

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.