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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
UMBF icon
776
UMB Financial
UMBF
$11.1B
$1.24M 0.01%
16,600
-1,500
-8% -$105K
LHO
777
DELISTED
LaSalle Hotel Properties
LHO
$1.24M 0.01%
42,600
-4,100
-9% -$119K
FULT icon
778
Fulton Financial
FULT
$4.64B
$1.23M 0.01%
65,800
-6,300
-9% -$113K
AVNT icon
779
Avient
AVNT
$4.19B
$1.23M 0.01%
30,800
-2,900
-9% -$108K
CDP icon
780
COPT Defense Properties
CDP
$4.21B
$1.23M 0.01%
37,400
-3,600
-9% -$120K
KMT icon
781
Kennametal
KMT
$2.52B
$1.23M 0.01%
30,360
-2,800
-8% -$104K
SIG icon
782
Signet Jewelers
SIG
$3.76B
$1.22M 0.01%
18,344
-4,100
-18% -$252K
LNCE
783
DELISTED
Snyders-Lance, Inc.
LNCE
$1.22M 0.01%
32,000
-3,500
-10% -$126K
TXRH icon
784
Texas Roadhouse
TXRH
$13.7B
$1.21M 0.01%
24,600
-2,000
-8% -$97.5K
TXNM
785
TXNM Energy Inc
TXNM
$5.94B
$1.21M 0.01%
29,934
-2,900
-9% -$118K
JBGS
786
JBG SMITH
JBGS
$708M
$1.2M 0.01%
+35,125
New +$1.19M
VLY icon
787
Valley National Bancorp
VLY
$8.05B
$1.2M 0.01%
99,314
-9,400
-9% -$108K
SAFM
788
DELISTED
Sanderson Farms Inc
SAFM
$1.2M 0.01%
+7,400
New +$1.03M
CXW icon
789
CoreCivic
CXW
$3.19B
$1.19M 0.01%
44,412
-4,300
-9% -$114K
TUP
790
DELISTED
Tupperware Brands Corporation
TUP
$1.18M 0.01%
19,087
-1,800
-9% -$111K
CHK
791
DELISTED
Chesapeake Energy Corporation
CHK
$1.17M 0.01%
1,362
+111
+9% +$95.3K
CIEN icon
792
Ciena
CIEN
$58.4B
$1.17M 0.01%
53,300
-5,100
-9% -$122K
SWN
793
DELISTED
Southwestern Energy Company
SWN
$1.17M 0.01%
191,500
-17,000
-8% -$96.3K
AN icon
794
AutoNation
AN
$6.92B
$1.17M 0.01%
24,600
+3,091
+14% +$134K
AKRX
795
DELISTED
Akorn Inc
AKRX
$1.17M 0.01%
35,200
-700
-2% -$23.2K
TECD
796
DELISTED
Tech Data Corp
TECD
$1.16M 0.01%
13,050
-1,300
-9% -$128K
CATY icon
797
Cathay General Bancorp
CATY
$4.24B
$1.15M 0.01%
28,600
-2,300
-7% -$84.9K
NUS icon
798
Nu Skin
NUS
$267M
$1.15M 0.01%
18,700
-1,800
-9% -$110K
BURL icon
799
Burlington
BURL
$23.2B
$1.15M 0.01%
12,000
– –
AMCX icon
800
AMC Global Media
AMCX
$489M
$1.14M 0.01%
19,550
-3,200
-14% -$190K
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 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.