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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
CBRL icon
701
Cracker Barrel
CBRL
$1.29B
$1.62M 0.01%
9,700
+100
+1% +$15.1K
FAF icon
702
First American
FAF
$7.58B
$1.62M 0.01%
44,200
– –
CLC
703
DELISTED
Clarcor
CLC
$1.62M 0.01%
19,600
– –
GAP
704
The Gap Inc
GAP
$7.37B
$1.61M 0.01%
71,746
-4,724
-6% -$122K
FLIR
705
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.61M 0.01%
44,485
-3,396
-7% -$114K
PTEN icon
706
Patterson-UTI
PTEN
$3.76B
$1.6M 0.01%
59,600
+100
+0.2% +$2.47K
NVS icon
707
Novartis
NVS
$297B
$1.6M 0.01%
24,552
– –
LSI
708
DELISTED
Life Storage, Inc.
LSI
$1.59M 0.01%
28,050
– –
MPT
709
Medical Properties Trust
MPT
$2.81B
$1.59M 0.01%
129,000
+11,000
+9% +$142K
WSM icon
710
Williams-Sonoma
WSM
$29.6B
$1.59M 0.01%
65,600
-400
-0.6% -$10.2K
ZD icon
711
Ziff Davis
ZD
$1.98B
$1.58M 0.01%
22,195
– –
AGCO icon
712
AGCO
AGCO
$7.2B
$1.57M 0.01%
27,200
-200
-0.7% -$10.8K
WGL
713
DELISTED
Wgl Holdings
WGL
$1.57M 0.01%
20,640
+100
+0.5% +$6.73K
NEU icon
714
NewMarket
NEU
$8.18B
$1.57M 0.01%
3,700
– –
THG icon
715
Hanover Insurance
THG
$7.98B
$1.56M 0.01%
17,150
-100
-0.6% -$8.34K
HRB icon
716
H&R Block
HRB
$5.86B
$1.56M 0.01%
67,798
-8,624
-11% -$197K
TECH icon
717
Bio-Techne
TECH
$11.3B
$1.54M 0.01%
60,000
– –
WSO icon
718
Watsco Inc
WSO
$13.6B
$1.54M 0.01%
10,400
– –
WWD icon
719
Woodward
WWD
$21.4B
$1.54M 0.01%
22,300
– –
TCF
720
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.54M 0.01%
28,400
+200
+0.7% +$9.74K
SAIC icon
721
Saic
SAIC
$5.35B
$1.53M 0.01%
18,085
– –
SBH icon
722
Sally Beauty Holdings
SBH
$1.58B
$1.53M 0.01%
58,000
-900
-2% -$23.7K
BIO icon
723
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.53M 0.01%
8,400
+100
+1% +$17K
BOH icon
724
Bank of Hawaii
BOH
$3.13B
$1.52M 0.01%
17,190
-100
-0.6% -$8.11K
MANH icon
725
Manhattan Associates
MANH
$11.4B
$1.52M 0.01%
28,700
-100
-0.3% -$5.33K
27 28
29
30 31

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.