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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
UA icon
726
Under Armour Class C
UA
$2.53B
$1.52M 0.01%
60,399
-4,044
-6% -$112K
CSRA
727
DELISTED
CSRA Inc.
CSRA
$1.51M 0.01%
47,557
-3,316
-7% -$96.9K
TGNA
728
DELISTED
TEGNA Inc
TGNA
$1.5M 0.01%
109,550
-7,306
-6% -$99.4K
EHC icon
729
Encompass Health
EHC
$12.4B
$1.49M 0.01%
+45,503
New +$1.48M
FICO icon
730
Fair Isaac
FICO
$22.5B
$1.49M 0.01%
12,500
+100
+0.8% +$11.9K
IPGP icon
731
IPG Photonics
IPGP
$3.84B
$1.48M 0.01%
15,000
– –
CY
732
DELISTED
Cypress Semiconductor
CY
$1.48M 0.01%
129,300
– –
ASB icon
733
Associated Banc-Corp
ASB
$5.91B
$1.47M 0.01%
59,589
-200
-0.3% -$4.4K
FLO icon
734
Flowers Foods
FLO
$1.57B
$1.47M 0.01%
73,550
+300
+0.4% +$4.94K
CST
735
DELISTED
CST Brands, Inc.
CST
$1.47M 0.01%
30,484
– –
SWX icon
736
Southwest Gas
SWX
$6.67B
$1.46M 0.01%
19,100
– –
DNB
737
DELISTED
Dun & Bradstreet
DNB
$1.46M 0.01%
12,042
-604
-5% -$74.4K
MMS icon
738
Maximus
MMS
$3.1B
$1.46M 0.01%
26,100
– –
CRL icon
739
Charles River Laboratories
CRL
$12.8B
$1.46M 0.01%
19,100
+100
+0.5% +$7.59K
CRUS icon
740
Cirrus Logic
CRUS
$6.26B
$1.45M 0.01%
25,700
+600
+2% +$33.2K
JACK icon
741
Jack in the Box
JACK
$335M
$1.45M 0.01%
13,000
-200
-2% -$20.4K
CXT icon
742
Crane NXT
CXT
$3.07B
$1.45M 0.01%
57,672
+288
+0.5% +$6.98K
KEX icon
743
Kirby Corp
KEX
$6.93B
$1.44M 0.01%
21,700
– –
HWC icon
744
Hancock Whitney
HWC
$6.24B
$1.44M 0.01%
33,400
+2,200
+7% +$83.6K
UNIT
745
Uniti Group
UNIT
$2.32B
$1.43M 0.01%
56,440
+1,700
+3% +$45.8K
LSTR icon
746
Landstar System
LSTR
$6.21B
$1.43M 0.01%
16,800
-100
-0.6% -$7.77K
NWSA icon
747
News Corp Class A
NWSA
$15.4B
$1.43M 0.01%
124,939
-7,880
-6% -$97.5K
LYV icon
748
Live Nation Entertainment
LYV
$42.1B
$1.42M 0.01%
53,300
+200
+0.4% +$5.5K
SNX icon
749
TD Synnex
SNX
$20.2B
$1.42M 0.01%
23,400
– –
HR
750
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.42M 0.01%
46,700
+100
+0.2% +$3.05K
28 29
30
31 32

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.