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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
LFUS icon
676
Littelfuse
LFUS
$11.6B
$1.62M 0.01%
8,200
-300
-4% -$60.2K
JWN
677
DELISTED
Nordstrom
JWN
$1.62M 0.01%
34,192
-1,100
-3% -$47.4K
CXT icon
678
Crane NXT
CXT
$3.07B
$1.62M 0.01%
52,202
-2,591
-5% -$75.7K
PRI icon
679
Primerica
PRI
$10B
$1.61M 0.01%
15,900
-1,000
-6% -$95.3K
FLS icon
680
Flowserve
FLS
$10.2B
$1.61M 0.01%
38,275
-1,400
-4% -$58.6K
HRB icon
681
H&R Block
HRB
$5.86B
$1.61M 0.01%
61,298
-2,100
-3% -$54.5K
FNB icon
682
FNB Corp
FNB
$6.75B
$1.61M 0.01%
116,200
-5,400
-4% -$74.2K
NATI
683
DELISTED
National Instruments Corp
NATI
$1.61M 0.01%
38,575
-1,700
-4% -$74.3K
ROL icon
684
Rollins
ROL
$18.2B
$1.6M 0.01%
77,488
-3,600
-4% -$73.5K
R icon
685
Ryder
R
$10.1B
$1.6M 0.01%
19,000
-900
-5% -$73.5K
TRTN
686
DELISTED
Triton International Limited
TRTN
$1.6M 0.01%
+42,639
New +$1.64M
ASH icon
687
Ashland
ASH
$3.5B
$1.59M 0.01%
22,353
-1,100
-5% -$75.9K
AIZ icon
688
Assurant
AIZ
$14.3B
$1.59M 0.01%
15,757
-600
-4% -$59.3K
WGL
689
DELISTED
Wgl Holdings
WGL
$1.58M 0.01%
18,440
-800
-4% -$68.3K
TCBI icon
690
Texas Capital Bancshares
TCBI
$4.32B
$1.58M 0.01%
17,800
-900
-5% -$78K
HAIN icon
691
Hain Celestial
HAIN
$53.7M
$1.58M 0.01%
37,300
-1,700
-4% -$67.3K
DNB
692
DELISTED
Dun & Bradstreet
DNB
$1.57M 0.01%
13,300
-600
-4% -$71.2K
LSTR icon
693
Landstar System
LSTR
$6.21B
$1.57M 0.01%
15,100
-700
-4% -$70.3K
SMG icon
694
ScottsMiracle-Gro
SMG
$3.66B
$1.57M 0.01%
14,675
-700
-5% -$69.9K
BMS
695
DELISTED
Bemis
BMS
$1.56M 0.01%
32,600
-1,600
-5% -$74K
MAT icon
696
Mattel
MAT
$4.3B
$1.55M 0.01%
100,761
-3,200
-3% -$50.7K
MSM icon
697
MSC Industrial Direct
MSM
$6.86B
$1.55M 0.01%
16,000
-1,000
-6% -$83.6K
CAA
698
DELISTED
CalAtlantic Group, Inc.
CAA
$1.54M 0.01%
27,400
-1,200
-4% -$58.6K
LNCE
699
DELISTED
Snyders-Lance, Inc.
LNCE
$1.54M 0.01%
30,800
-1,200
-4% -$47.6K
MPWR icon
700
Monolithic Power Systems
MPWR
$68.9B
$1.54M 0.01%
13,700
-600
-4% -$69.6K
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 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.