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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
WOLF icon
751
Wolfspeed
WOLF
$1.64B
$1.31M 0.01%
35,300
-1,400
-4% -$48.3K
BOH icon
752
Bank of Hawaii
BOH
$3.13B
$1.31M 0.01%
15,290
-800
-5% -$66.7K
UBSI icon
753
United Bankshares
UBSI
$6.63B
$1.31M 0.01%
37,700
-1,800
-5% -$64.9K
ZD icon
754
Ziff Davis
ZD
$1.97B
$1.31M 0.01%
20,010
-920
-4% -$59.9K
OI icon
755
O-I Glass
OI
$1.1B
$1.3M 0.01%
58,600
-2,700
-4% -$64.5K
KEX icon
756
Kirby Corp
KEX
$6.95B
$1.29M 0.01%
19,300
-900
-4% -$59K
LM
757
DELISTED
Legg Mason, Inc.
LM
$1.29M 0.01%
30,700
-2,000
-6% -$78.5K
FLO icon
758
Flowers Foods
FLO
$1.57B
$1.28M 0.01%
66,350
-2,900
-4% -$55.7K
TCF
759
DELISTED
TCF Financial Corporation
TCF
$1.27M 0.01%
61,760
-2,800
-4% -$52.4K
KLXI
760
DELISTED
KLX Inc.
KLXI
$1.26M 0.01%
21,941
-949
-4% -$45.5K
AVNT icon
761
Avient
AVNT
$4.2B
$1.26M 0.01%
29,000
-1,800
-6% -$79.1K
DISCK
762
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.26M 0.01%
59,581
-2,100
-3% -$38.6K
NJR icon
763
New Jersey Resources
NJR
$5.57B
$1.25M 0.01%
31,200
-1,300
-4% -$55.9K
LIVN icon
764
LivaNova
LIVN
$4.16B
$1.25M 0.01%
15,600
-700
-4% -$55.6K
TXRH icon
765
Texas Roadhouse
TXRH
$13.7B
$1.24M 0.01%
23,500
-1,100
-4% -$55.6K
DY icon
766
Dycom Industries
DY
$12.2B
$1.24M 0.01%
11,100
-600
-5% -$57.9K
FHI icon
767
Federated Hermes
FHI
$4.7B
$1.23M 0.01%
34,100
-1,800
-5% -$58.3K
MANH icon
768
Manhattan Associates
MANH
$11.5B
$1.23M 0.01%
24,800
-1,100
-4% -$49.4K
EVHC
769
DELISTED
Envision Healthcare Holdings Inc
EVHC
$1.23M 0.01%
35,500
-1,200
-3% -$42K
TECD
770
DELISTED
Tech Data Corp
TECD
$1.22M 0.01%
12,450
-600
-5% -$56.3K
RRX icon
771
Regal Rexnord
RRX
$11.9B
$1.22M 0.01%
15,900
-900
-5% -$70K
NUS icon
772
Nu Skin
NUS
$261M
$1.21M 0.01%
17,800
-900
-5% -$58.2K
MOH icon
773
Molina Healthcare
MOH
$10.2B
$1.21M 0.01%
15,800
-700
-4% -$50.5K
KMPR icon
774
Kemper
KMPR
$1.71B
$1.21M 0.01%
17,550
-800
-4% -$51.6K
TKR icon
775
Timken Company
TKR
$8.99B
$1.21M 0.01%
24,600
-1,200
-5% -$58.1K
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 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.