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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
IJH icon
51
iShares Core S&P Mid-Cap ETF
IJH
$127B
$52.2M 0.41%
1,577,500
-6,000
-0.4% -$190K
XLF icon
52
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$51.7M 0.41%
2,225,600
-741,600
-25% -$15.9M
TWX
53
DELISTED
Time Warner Inc
TWX
$51.3M 0.41%
531,827
-72,976
-12% -$6.5M
FTAI icon
54
FTAI Aviation
FTAI
$22.2B
$50.2M 0.4%
4,422,777
– –
ARI
55
Apollo Commercial Real Estate
ARI
$885M
$49.5M 0.39%
2,980,768
– –
PEP icon
56
PepsiCo
PEP
$190B
$49.1M 0.39%
469,029
-33,244
-7% -$3.48M
AGG icon
57
iShares Core US Aggregate Bond ETF
AGG
$138B
$48.6M 0.39%
+450,000
New +$49.3M
IBM icon
58
IBM
IBM
$224B
$48.3M 0.38%
304,372
-197,745
-39% -$30.1M
CRM icon
59
Salesforce
CRM
$158B
$47.6M 0.38%
695,508
-10,476
-1% -$760K
DHR icon
60
Danaher
DHR
$144B
$47.1M 0.37%
682,267
+117,849
+21% +$8.18M
MA icon
61
Mastercard
MA
$493B
$46M 0.37%
445,628
+103,028
+30% +$10.7M
CL icon
62
Colgate-Palmolive
CL
$74.4B
$44.7M 0.35%
683,084
+19,940
+3% +$1.37M
NVDA icon
63
NVIDIA
NVDA
$5.42T
$43.9M 0.35%
16,451,680
+8,983,360
+120% +$18.8M
MO icon
64
Altria Group
MO
$114B
$43.9M 0.35%
648,702
-295,972
-31% -$19.1M
TJX icon
65
TJX Companies
TJX
$178B
$41.9M 0.33%
1,114,380
+78,008
+8% +$2.95M
GD icon
66
General Dynamics
GD
$106B
$41.6M 0.33%
240,827
-21,784
-8% -$3.56M
LMT icon
67
Lockheed Martin
LMT
$136B
$41.1M 0.33%
164,518
-5,704
-3% -$1.43M
ACN icon
68
Accenture
ACN
$108B
$40.2M 0.32%
343,386
-120,216
-26% -$14.3M
ZTS icon
69
Zoetis
ZTS
$30B
$39M 0.31%
729,492
+88,736
+14% +$4.51M
SLB icon
70
SLB Ltd
SLB
$75B
$38.2M 0.3%
454,972
-30,372
-6% -$2.49M
EMR icon
71
Emerson Electric
EMR
$88.3B
$38.1M 0.3%
682,523
-48,904
-7% -$2.63M
AMGN icon
72
Amgen
AMGN
$222B
$36.8M 0.29%
251,794
-9,368
-4% -$1.41M
TXN icon
73
Texas Instruments
TXN
$261B
$35.6M 0.28%
488,118
-232,996
-32% -$16.6M
VLO icon
74
Valero Energy
VLO
$85.9B
$35.2M 0.28%
515,276
-99,084
-16% -$6.1M
MMM icon
75
3M
MMM
$94.3B
$35.1M 0.28%
235,224
-17,075
-7% -$2.46M
1 2
3
4 5

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.