We are live on ! Find out more
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
OGS icon
726
ONE Gas
OGS
$5.04B
$1.45M 0.01%
19,657
-2,000
-9% -$147K
CNK icon
727
Cinemark Holdings
CNK
$4.32B
$1.45M 0.01%
39,900
-3,800
-9% -$138K
COR
728
DELISTED
Coresite Realty Corporation
COR
$1.44M 0.01%
+12,900
New +$1.42M
TEX icon
729
Terex
TEX
$7.74B
$1.44M 0.01%
31,900
-8,300
-21% -$328K
LSI
730
DELISTED
Life Storage, Inc.
LSI
$1.43M 0.01%
26,250
-2,550
-9% -$128K
WRI
731
DELISTED
Weingarten Realty Investors
WRI
$1.43M 0.01%
44,900
-3,800
-8% -$121K
SABR icon
732
Sabre
SABR
$835M
$1.42M 0.01%
78,400
-6,400
-8% -$124K
MBFI
733
DELISTED
MB Financial Corp
MBFI
$1.42M 0.01%
31,500
+2,100
+7% +$87K
FL
734
DELISTED
Foot Locker
FL
$1.4M 0.01%
39,828
-3,300
-8% -$139K
RYN icon
735
Rayonier
RYN
$6.55B
$1.4M 0.01%
53,468
-5,070
-9% -$132K
TCF
736
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.4M 0.01%
26,800
-2,500
-9% -$119K
SNX icon
737
TD Synnex
SNX
$20.2B
$1.39M 0.01%
22,000
-2,000
-8% -$118K
SWX icon
738
Southwest Gas
SWX
$6.67B
$1.39M 0.01%
17,900
-1,700
-9% -$135K
BKH icon
739
Black Hills Corp
BKH
$5.69B
$1.38M 0.01%
20,090
-1,900
-9% -$132K
ASB icon
740
Associated Banc-Corp
ASB
$5.91B
$1.38M 0.01%
56,889
-5,900
-9% -$137K
PRI icon
741
Primerica
PRI
$9.89B
$1.38M 0.01%
16,900
-1,900
-10% -$148K
SF
742
Stifel
SF
$12.6B
$1.37M 0.01%
57,825
-5,625
-9% -$122K
NJR icon
743
New Jersey Resources
NJR
$5.58B
$1.37M 0.01%
32,500
-3,100
-9% -$131K
HE icon
744
Hawaiian Electric Industries
HE
$2.14B
$1.37M 0.01%
40,940
-678,531
-94% -$22.4M
CBRL icon
745
Cracker Barrel
CBRL
$1.29B
$1.36M 0.01%
9,000
-900
-9% -$138K
MNK
746
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$1.36M 0.01%
36,500
+3,888
+12% +$154K
FR icon
747
First Industrial Realty Trust
FR
$8.44B
$1.36M 0.01%
45,100
-3,200
-7% -$96.7K
ZD icon
748
Ziff Davis
ZD
$1.98B
$1.34M 0.01%
20,930
-1,955
-9% -$132K
VMI icon
749
Valmont Industries
VMI
$9.53B
$1.34M 0.01%
8,500
-800
-9% -$121K
BOH icon
750
Bank of Hawaii
BOH
$3.13B
$1.34M 0.01%
16,090
-1,500
-9% -$122K
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 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.