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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
C icon
51
Citigroup
C
$224B
$57.7M 0.45%
775,056
-51,700
-6% -$3.82M
SYK icon
52
Stryker
SYK
$129B
$56.4M 0.44%
364,296
-3,300
-0.9% -$504K
MCHP icon
53
Microchip Technology
MCHP
$40.4B
$56.4M 0.44%
1,283,144
+422,000
+49% +$19.1M
CSCO icon
54
Cisco
CSCO
$476B
$55.5M 0.44%
1,449,191
-68,100
-4% -$2.43M
BKNG icon
55
Booking.com
BKNG
$156B
$54.4M 0.43%
783,125
+92,500
+13% +$6.7M
KO icon
56
Coca-Cola
KO
$374B
$51.6M 0.41%
1,124,038
-40,800
-4% -$1.88M
PEP icon
57
PepsiCo
PEP
$189B
$50M 0.39%
416,929
-16,600
-4% -$1.9M
DD icon
58
DuPont de Nemours
DD
$19.5B
$48.9M 0.39%
270,862
-8,727
-3% -$1.57M
XYZ
59
Block Inc
XYZ
$47B
$48.3M 0.38%
1,394,281
-945,719
-40% -$34.6M
MRK icon
60
Merck
MRK
$317B
$47.3M 0.37%
881,210
-29,553
-3% -$1.64M
TXN icon
61
Texas Instruments
TXN
$254B
$47M 0.37%
450,218
-11,500
-2% -$1.12M
GD icon
62
General Dynamics
GD
$105B
$46.5M 0.37%
228,627
-3,100
-1% -$633K
GE icon
63
GE Aerospace
GE
$389B
$46.2M 0.36%
553,030
-18,571
-3% -$1.77M
NOC icon
64
Northrop Grumman
NOC
$80.7B
$45.8M 0.36%
149,117
-1,800
-1% -$541K
BMY icon
65
Bristol-Myers Squibb
BMY
$131B
$45.7M 0.36%
746,517
-17,800
-2% -$1.11M
VLO icon
66
Valero Energy
VLO
$87.2B
$45.5M 0.36%
495,476
-5,700
-1% -$470K
ABT icon
67
Abbott
ABT
$187B
$44.1M 0.35%
772,943
-15,600
-2% -$865K
ALXN
68
DELISTED
Alexion Pharmaceuticals
ALXN
$43.7M 0.34%
365,478
-2,200
-0.6% -$268K
WMT icon
69
Walmart Inc
WMT
$892B
$42.4M 0.33%
1,287,102
-45,300
-3% -$1.39M
ORCL icon
70
Oracle
ORCL
$413B
$42.2M 0.33%
893,060
-23,300
-3% -$1.14M
MA icon
71
Mastercard
MA
$505B
$41.2M 0.33%
272,228
-11,100
-4% -$1.65M
MMM icon
72
3M
MMM
$93.2B
$41.2M 0.32%
209,271
-7,296
-3% -$1.4M
LYB icon
73
LyondellBasell Industries
LYB
$19.8B
$40.9M 0.32%
370,404
-3,700
-1% -$384K
MCD icon
74
McDonald's
MCD
$196B
$40.2M 0.32%
233,657
-12,100
-5% -$2.03M
TWX
75
DELISTED
Time Warner Inc
TWX
$38M 0.3%
415,027
-7,800
-2% -$737K
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 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.