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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
PRXL
751
DELISTED
Parexel International Corp
PRXL
$1.41M 0.01%
21,500
+200
+0.9% +$12.5K
SXT icon
752
Sensient Technologies
SXT
$5.53B
$1.41M 0.01%
17,970
-100
-0.6% -$7.63K
DLX icon
753
Deluxe
DLX
$1.15B
$1.4M 0.01%
19,562
-100
-0.5% -$6.71K
ESV
754
DELISTED
Ensco Rowan plc
ESV
$1.39M 0.01%
35,775
+200
+0.6% +$7.17K
SGI
755
Somnigroup International
SGI
$13.7B
$1.39M 0.01%
81,200
-800
-1% -$11.9K
LHO
756
DELISTED
LaSalle Hotel Properties
LHO
$1.39M 0.01%
45,500
– –
SKT icon
757
Tanger
SKT
$4.52B
$1.39M 0.01%
38,700
– –
DST
758
DELISTED
DST Systems Inc.
DST
$1.38M 0.01%
25,800
-400
-2% -$21.1K
LFUS icon
759
Littelfuse
LFUS
$11.6B
$1.38M 0.01%
+9,100
New +$1.3M
VSAT icon
760
Viasat
VSAT
$11.1B
$1.37M 0.01%
20,700
+2,400
+13% +$172K
CIEN icon
761
Ciena
CIEN
$58.4B
$1.37M 0.01%
56,100
+500
+0.9% +$10.9K
ITT icon
762
ITT
ITT
$19.1B
$1.37M 0.01%
35,500
-600
-2% -$22.6K
ENS icon
763
EnerSys
ENS
$6.99B
$1.37M 0.01%
17,500
– –
NUVA
764
DELISTED
NuVasive, Inc.
NUVA
$1.37M 0.01%
20,300
+100
+0.5% +$6.45K
WBD icon
765
Warner Bros
WBD
$67.1B
$1.36M 0.01%
49,649
-2,988
-6% -$81.1K
UMBF icon
766
UMB Financial
UMBF
$11.1B
$1.36M 0.01%
+17,600
New +$1.22M
CTLT
767
DELISTED
CATALENT, INC.
CTLT
$1.35M 0.01%
50,200
– –
MBFI
768
DELISTED
MB Financial Corp
MBFI
$1.35M 0.01%
28,600
-100
-0.3% -$4.14K
HRC
769
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.35M 0.01%
24,050
+100
+0.4% +$5.67K
TCF
770
DELISTED
TCF Financial Corporation
TCF
$1.35M 0.01%
68,860
– –
FNB icon
771
FNB Corp
FNB
$6.75B
$1.35M 0.01%
84,000
-600
-0.7% -$8.55K
OGS icon
772
ONE Gas
OGS
$5.04B
$1.35M 0.01%
21,057
– –
GPOR
773
DELISTED
Gulfport Energy Corp.
GPOR
$1.34M 0.01%
62,100
+11,600
+23% +$298K
TEX icon
774
Terex
TEX
$7.74B
$1.34M 0.01%
42,600
-1,100
-3% -$30.5K
CNO icon
775
CNO Financial Group
CNO
$5.1B
$1.34M 0.01%
69,900
-600
-0.9% -$10.3K
29 30
31
32 33

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.