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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
SM icon
776
SM Energy
SM
$6.87B
$1.34M 0.01%
38,800
+3,800
+11% +$137K
AHL
777
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.34M 0.01%
24,300
+100
+0.4% +$5.1K
SF
778
Stifel
SF
$12.6B
$1.33M 0.01%
60,075
+225
+0.4% +$4.52K
LNCE
779
DELISTED
Snyders-Lance, Inc.
LNCE
$1.32M 0.01%
34,500
+100
+0.3% +$3.66K
FR icon
780
First Industrial Realty Trust
FR
$8.44B
$1.32M 0.01%
47,100
+100
+0.2% +$2.66K
BKH icon
781
Black Hills Corp
BKH
$5.69B
$1.31M 0.01%
21,390
+300
+1% +$17.9K
FULT icon
782
Fulton Financial
FULT
$4.64B
$1.31M 0.01%
69,800
+100
+0.1% +$1.68K
RYN icon
783
Rayonier
RYN
$6.55B
$1.31M 0.01%
54,350
-110
-0.2% -$2.66K
NATI
784
DELISTED
National Instruments Corp
NATI
$1.31M 0.01%
42,575
+100
+0.2% +$2.91K
CLF icon
785
Cleveland-Cliffs
CLF
$6.99B
$1.31M 0.01%
155,700
– –
ROL icon
786
Rollins
ROL
$18.2B
$1.3M 0.01%
86,938
– –
WKC icon
787
World Kinect Corp
WKC
$1.86B
$1.3M 0.01%
28,400
– –
CPAY icon
788
Corpay
CPAY
$25.7B
$1.3M 0.01%
9,200
+1,400
+18% +$219K
R icon
789
Ryder
R
$10.1B
$1.3M 0.01%
17,447
-1,244
-7% -$91.7K
CAR icon
790
Avis
CAR
$5.02B
$1.3M 0.01%
35,400
-2,700
-7% -$97.8K
FTR
791
DELISTED
Frontier Communications Corp.
FTR
$1.3M 0.01%
25,575
-1,716
-6% -$94.1K
CNX icon
792
CNX Resources
CNX
$5.2B
$1.3M 0.01%
85,320
– –
VMI icon
793
Valmont Industries
VMI
$9.53B
$1.28M 0.01%
9,100
– –
CLGX
794
DELISTED
Corelogic, Inc.
CLGX
$1.28M 0.01%
34,800
-700
-2% -$27.1K
IDTI
795
DELISTED
Integrated Device Technology I
IDTI
$1.27M 0.01%
54,020
– –
PRI icon
796
Primerica
PRI
$9.89B
$1.27M 0.01%
18,400
-300
-2% -$19.1K
BDC icon
797
Belden
BDC
$5.19B
$1.27M 0.01%
17,000
– –
CBT icon
798
Cabot Corp
CBT
$4.52B
$1.27M 0.01%
25,080
– –
NRG icon
799
NRG Energy
NRG
$24.8B
$1.26M 0.01%
103,168
-6,868
-6% -$79.1K
IDCC icon
800
InterDigital
IDCC
$8.89B
$1.26M 0.01%
13,800
– –
30 31
32
33 34

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.