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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
+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
RRC icon
751
Range Resources
RRC
$8.95B
$1.34M 0.01%
68,507
+6,700
+11% +$129K
EVOK
752
DELISTED
Evoke Pharma
EVOK
$1.34M 0.01%
2,778
– –
IDTI
753
DELISTED
Integrated Device Technology I
IDTI
$1.33M 0.01%
50,220
-4,600
-8% -$117K
KEX icon
754
Kirby Corp
KEX
$6.93B
$1.33M 0.01%
20,200
-2,100
-9% -$133K
TRIP icon
755
TripAdvisor
TRIP
$1.26B
$1.33M 0.01%
32,854
-3,400
-9% -$138K
RRX icon
756
Regal Rexnord
RRX
$11.9B
$1.33M 0.01%
16,800
-1,700
-9% -$136K
DLX icon
757
Deluxe
DLX
$1.15B
$1.32M 0.01%
18,162
-1,800
-9% -$126K
CNX icon
758
CNX Resources
CNX
$5.2B
$1.32M 0.01%
93,480
+5,880
+7% +$75.5K
VSAT icon
759
Viasat
VSAT
$11.1B
$1.31M 0.01%
20,300
-1,500
-7% -$94.8K
CBT icon
760
Cabot Corp
CBT
$4.52B
$1.3M 0.01%
23,380
-2,400
-9% -$128K
FLO icon
761
Flowers Foods
FLO
$1.57B
$1.3M 0.01%
69,250
-6,600
-9% -$117K
CABO icon
762
Cable One
CABO
$212M
$1.3M 0.01%
1,800
-100
-5% -$73.9K
MSM icon
763
MSC Industrial Direct
MSM
$6.86B
$1.28M 0.01%
17,000
-1,600
-9% -$116K
LM
764
DELISTED
Legg Mason, Inc.
LM
$1.28M 0.01%
32,700
-2,500
-7% -$96K
BDC icon
765
Belden
BDC
$5.19B
$1.28M 0.01%
15,900
-1,500
-9% -$113K
CRUS icon
766
Cirrus Logic
CRUS
$6.26B
$1.28M 0.01%
24,000
-2,600
-10% -$152K
SLAB icon
767
Silicon Laboratories
SLAB
$7.23B
$1.28M 0.01%
16,000
-1,500
-9% -$112K
BBBY
768
DELISTED
Bed Bath & Beyond Inc
BBBY
$1.27M 0.01%
54,200
+6,529
+14% +$183K
SXT icon
769
Sensient Technologies
SXT
$5.53B
$1.27M 0.01%
16,470
-1,800
-10% -$136K
SKX
770
DELISTED
Skechers
SKX
$1.26M 0.01%
50,400
-4,800
-9% -$131K
GEO icon
771
The GEO Group
GEO
$4.1B
$1.25M 0.01%
46,650
-4,600
-9% -$127K
TKR icon
772
Timken Company
TKR
$9.03B
$1.25M 0.01%
25,800
-3,100
-11% -$143K
DST
773
DELISTED
DST Systems Inc.
DST
$1.25M 0.01%
22,800
-2,700
-11% -$148K
DISCK
774
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.25M 0.01%
61,681
-7,600
-11% -$171K
NAVI icon
775
Navient
NAVI
$853M
$1.25M 0.01%
83,133
-10,500
-11% -$153K
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 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.