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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
HWC icon
701
Hancock Whitney
HWC
$6.24B
$1.55M 0.01%
31,900
-2,900
-8% -$133K
THG icon
702
Hanover Insurance
THG
$7.98B
$1.55M 0.01%
15,950
-1,600
-9% -$152K
OI icon
703
O-I Glass
OI
$1.08B
$1.54M 0.01%
61,300
-5,800
-9% -$141K
NWSA icon
704
News Corp Class A
NWSA
$15.4B
$1.54M 0.01%
115,939
-9,700
-8% -$131K
ASH icon
705
Ashland
ASH
$3.5B
$1.53M 0.01%
23,453
-2,200
-9% -$140K
MPWR icon
706
Monolithic Power Systems
MPWR
$68.9B
$1.52M 0.01%
14,300
-1,300
-8% -$132K
CXT icon
707
Crane NXT
CXT
$3.07B
$1.52M 0.01%
54,793
-5,182
-9% -$139K
DAN icon
708
Dana Inc
DAN
$3.06B
$1.52M 0.01%
54,400
-5,200
-9% -$126K
MD icon
709
Pediatrix Medical
MD
$2.2B
$1.52M 0.01%
35,200
-3,100
-8% -$147K
HR
710
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.51M 0.01%
46,600
-1,400
-3% -$46.3K
SMG icon
711
ScottsMiracle-Gro
SMG
$3.66B
$1.5M 0.01%
15,375
-2,800
-15% -$265K
HOMB icon
712
Home BancShares
HOMB
$6.18B
$1.5M 0.01%
59,300
+7,300
+14% +$175K
WSM icon
713
Williams-Sonoma
WSM
$29.6B
$1.5M 0.01%
60,000
-5,800
-9% -$135K
NEU icon
714
NewMarket
NEU
$8.18B
$1.49M 0.01%
3,500
-300
-8% -$131K
EFOI icon
715
Energy Focus
EFOI
$20.3M
$1.49M 0.01%
15,580
– –
RL icon
716
Ralph Lauren
RL
$23.6B
$1.49M 0.01%
16,841
-1,300
-7% -$107K
CNO icon
717
CNO Financial Group
CNO
$5.1B
$1.48M 0.01%
63,600
-7,000
-10% -$156K
CUZ icon
718
Cousins Properties
CUZ
$4.88B
$1.48M 0.01%
39,500
-3,675
-9% -$134K
LPX icon
719
Louisiana-Pacific
LPX
$5.49B
$1.48M 0.01%
54,499
-5,200
-9% -$133K
CLGX
720
DELISTED
Corelogic, Inc.
CLGX
$1.47M 0.01%
31,800
-3,100
-9% -$141K
UBSI icon
721
United Bankshares
UBSI
$6.62B
$1.47M 0.01%
39,500
-3,700
-9% -$130K
ACHC icon
722
Acadia Healthcare
ACHC
$2.94B
$1.47M 0.01%
30,700
-800
-3% -$39K
ITT icon
723
ITT
ITT
$19.1B
$1.47M 0.01%
33,100
-3,400
-9% -$140K
THS
724
DELISTED
Treehouse Foods
THS
$1.46M 0.01%
21,500
-2,000
-9% -$147K
SBRA icon
725
Sabra Healthcare REIT
SBRA
$5.37B
$1.45M 0.01%
+66,100
New +$1.49M
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 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.