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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
CLB icon
676
Core Laboratories
CLB
$521M
$1.64M 0.01%
+16,600
New +$1.61M
MUR icon
677
Murphy Oil
MUR
$4.78B
$1.62M 0.01%
61,000
+8,031
+15% +$201K
WGL
678
DELISTED
Wgl Holdings
WGL
$1.62M 0.01%
19,240
-1,900
-9% -$160K
FLIR
679
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.62M 0.01%
41,585
-3,200
-7% -$121K
DNB
680
DELISTED
Dun & Bradstreet
DNB
$1.62M 0.01%
13,900
-1,300
-9% -$144K
FICO icon
681
Fair Isaac
FICO
$22.5B
$1.62M 0.01%
11,500
-1,300
-10% -$182K
UMPQ
682
DELISTED
Umpqua Holdings Corp
UMPQ
$1.61M 0.01%
82,800
-8,100
-9% -$148K
WWD icon
683
Woodward
WWD
$21.4B
$1.61M 0.01%
20,800
-1,900
-8% -$134K
MAT icon
684
Mattel
MAT
$4.23B
$1.61M 0.01%
103,961
-8,600
-8% -$154K
HAIN icon
685
Hain Celestial
HAIN
$53.7M
$1.6M 0.01%
39,000
-3,600
-8% -$149K
TCBI icon
686
Texas Capital Bancshares
TCBI
$4.32B
$1.6M 0.01%
18,700
-1,700
-8% -$132K
TDC icon
687
Teradata
TDC
$2.55B
$1.6M 0.01%
47,400
-6,600
-12% -$205K
BCO icon
688
Brink's
BCO
$4.62B
$1.6M 0.01%
+19,000
New +$1.45M
CSRA
689
DELISTED
CSRA Inc.
CSRA
$1.6M 0.01%
49,557
+1,900
+4% +$61.2K
BLKB icon
690
Blackbaud
BLKB
$2.08B
$1.59M 0.01%
18,100
-1,700
-9% -$147K
VSM
691
DELISTED
Versum Materials, Inc.
VSM
$1.59M 0.01%
40,901
-3,900
-9% -$140K
RIG icon
692
Transocean
RIG
$5.82B
$1.58M 0.01%
147,100
+19,252
+15% +$166K
CASY icon
693
Casey's General Stores
CASY
$30.9B
$1.58M 0.01%
14,400
-1,800
-11% -$191K
LSTR icon
694
Landstar System
LSTR
$6.21B
$1.57M 0.01%
15,800
-1,500
-9% -$133K
MMS icon
695
Maximus
MMS
$3.1B
$1.57M 0.01%
24,400
-2,300
-9% -$141K
AIZ icon
696
Assurant
AIZ
$14.3B
$1.56M 0.01%
16,357
-1,600
-9% -$160K
EPC icon
697
Edgewell Personal Care
EPC
$1.31B
$1.56M 0.01%
21,444
-2,200
-9% -$162K
MASI
698
DELISTED
Masimo
MASI
$1.56M 0.01%
18,000
-800
-4% -$70.7K
BMS
699
DELISTED
Bemis
BMS
$1.56M 0.01%
34,200
-3,700
-10% -$165K
EME icon
700
Emcor
EME
$36B
$1.55M 0.01%
22,300
-2,100
-9% -$139K
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 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.