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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
SABR icon
701
Sabre
SABR
$818M
$1.54M 0.01%
75,000
-3,400
-4% -$65.1K
CASY icon
702
Casey's General Stores
CASY
$30.9B
$1.53M 0.01%
13,700
-700
-5% -$80.1K
HWC icon
703
Hancock Whitney
HWC
$6.24B
$1.51M 0.01%
30,600
-1,300
-4% -$64.2K
WWD icon
704
Woodward
WWD
$21.4B
$1.51M 0.01%
19,800
-1,000
-5% -$78.1K
EPR icon
705
EPR Properties
EPR
$4.77B
$1.51M 0.01%
23,000
-1,100
-5% -$75.2K
IBKR icon
706
Interactive Brokers
IBKR
$39.6B
$1.5M 0.01%
+101,600
New +$1.38M
RIG icon
707
Transocean
RIG
$5.82B
$1.5M 0.01%
140,600
-6,500
-4% -$67.5K
CNO icon
708
CNO Financial Group
CNO
$5.11B
$1.49M 0.01%
60,300
-3,300
-5% -$80.5K
VYX icon
709
NCR Voyix
VYX
$1.14B
$1.49M 0.01%
71,296
-3,260
-4% -$66.2K
LSI
710
DELISTED
Life Storage, Inc.
LSI
$1.49M 0.01%
25,050
-1,200
-5% -$69K
VSM
711
DELISTED
Versum Materials, Inc.
VSM
$1.48M 0.01%
39,101
-1,800
-4% -$70.2K
BURL icon
712
Burlington
BURL
$23.2B
$1.48M 0.01%
12,000
– –
RYN icon
713
Rayonier
RYN
$6.55B
$1.47M 0.01%
51,043
-2,425
-5% -$67.4K
SF
714
Stifel
SF
$12.6B
$1.47M 0.01%
55,350
-2,475
-4% -$60.6K
VSAT icon
715
Viasat
VSAT
$11.1B
$1.46M 0.01%
19,500
-800
-4% -$55.4K
MASI
716
DELISTED
Masimo
MASI
$1.45M 0.01%
17,100
-900
-5% -$78.1K
WSM icon
717
Williams-Sonoma
WSM
$29.6B
$1.44M 0.01%
55,800
-4,200
-7% -$107K
HR
718
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.44M 0.01%
44,900
-1,700
-4% -$55.2K
CSRA
719
DELISTED
CSRA Inc.
CSRA
$1.44M 0.01%
48,057
-1,500
-3% -$45.3K
SNX icon
720
TD Synnex
SNX
$20.2B
$1.43M 0.01%
21,000
-1,000
-5% -$66.2K
TCO
721
DELISTED
Taubman Centers Inc.
TCO
$1.43M 0.01%
21,800
-1,000
-4% -$54.9K
BCO icon
722
Brink's
BCO
$4.62B
$1.42M 0.01%
18,100
-900
-5% -$72.9K
IDTI
723
DELISTED
Integrated Device Technology I
IDTI
$1.42M 0.01%
47,720
-2,500
-5% -$75.2K
MULE
724
DELISTED
MuleSoft, Inc.
MULE
$1.42M 0.01%
+60,877
New +$1.38M
HE icon
725
Hawaiian Electric Industries
HE
$2.14B
$1.42M 0.01%
39,140
-1,800
-4% -$65.2K
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 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.