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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
KMT icon
726
Kennametal
KMT
$2.52B
$1.41M 0.01%
29,160
-1,200
-4% -$53.5K
WRI
727
DELISTED
Weingarten Realty Investors
WRI
$1.41M 0.01%
42,900
-2,000
-4% -$64.7K
PBF icon
728
PBF Energy
PBF
$7.31B
$1.4M 0.01%
39,600
-1,700
-4% -$52.5K
COR
729
DELISTED
Coresite Realty Corporation
COR
$1.4M 0.01%
12,300
-600
-5% -$68.4K
CUZ icon
730
Cousins Properties
CUZ
$4.88B
$1.4M 0.01%
37,750
-1,750
-4% -$64.7K
SWX icon
731
Southwest Gas
SWX
$6.67B
$1.38M 0.01%
17,200
-700
-4% -$56.8K
TEX icon
732
Terex
TEX
$7.74B
$1.38M 0.01%
28,700
-3,200
-10% -$147K
ASB icon
733
Associated Banc-Corp
ASB
$5.91B
$1.38M 0.01%
54,289
-2,600
-5% -$65K
OGS icon
734
ONE Gas
OGS
$5.04B
$1.37M 0.01%
18,757
-900
-5% -$68.2K
CBT icon
735
Cabot Corp
CBT
$4.52B
$1.37M 0.01%
22,280
-1,100
-5% -$66.1K
TCF
736
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.37M 0.01%
25,600
-1,200
-4% -$64.5K
LPX icon
737
Louisiana-Pacific
LPX
$5.49B
$1.37M 0.01%
52,099
-2,400
-4% -$65.1K
CLGX
738
DELISTED
Corelogic, Inc.
CLGX
$1.37M 0.01%
29,600
-2,200
-7% -$102K
CBRL icon
739
Cracker Barrel
CBRL
$1.29B
$1.37M 0.01%
8,600
-400
-4% -$62.8K
FR icon
740
First Industrial Realty Trust
FR
$8.44B
$1.36M 0.01%
43,100
-2,000
-4% -$63.1K
SLAB icon
741
Silicon Laboratories
SLAB
$7.23B
$1.35M 0.01%
15,300
-700
-4% -$62.9K
VMI icon
742
Valmont Industries
VMI
$9.53B
$1.34M 0.01%
8,100
-400
-5% -$65.1K
DST
743
DELISTED
DST Systems Inc.
DST
$1.34M 0.01%
21,600
-1,200
-5% -$71.2K
MBFI
744
DELISTED
MB Financial Corp
MBFI
$1.34M 0.01%
30,100
-1,400
-4% -$63.2K
MDSO
745
DELISTED
Medidata Solutions, Inc.
MDSO
$1.33M 0.01%
21,000
-1,000
-5% -$71.2K
EFOI icon
746
Energy Focus
EFOI
$20.3M
$1.33M 0.01%
15,580
– –
CNK icon
747
Cinemark Holdings
CNK
$4.32B
$1.33M 0.01%
38,100
-1,800
-5% -$63.9K
DLX icon
748
Deluxe
DLX
$1.15B
$1.33M 0.01%
17,262
-900
-5% -$64.9K
HOMB icon
749
Home BancShares
HOMB
$6.18B
$1.32M 0.01%
56,800
-2,500
-4% -$58.4K
NEU icon
750
NewMarket
NEU
$8.18B
$1.31M 0.01%
3,300
-200
-6% -$81K
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 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.