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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
(+2.7%)
Cap. Flow
-$336M
Cap. Flow
% of AUM
-2.65%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$49.6M |
| 2 |
CVS Health
CVS
|
+$43.5M |
| 3 |
AGNC Investment
AGNC
|
+$41M |
| 4 |
GPMT
Granite Point Mortgage Trust
GPMT
|
+$26.9M |
| 5 |
Microchip Technology
MCHP
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$72.5M |
| 2 |
VR
Validus Hold Ltd
VR
|
+$39.5M |
| 3 |
XYZ
Block Inc
XYZ
|
+$34.6M |
| 4 |
Walt Disney
DIS
|
+$33.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
776
Sabra Healthcare REIT
SBRA
$5.37B
| $1.2M | 0.01% |
64,100
-2,000
| -3% | -$39.8K |
|
777
Cable One
CABO
$218M
| $1.2M | 0.01% |
1,700
-100
| -6% | -$70.4K |
|
778
Edgewell Personal Care
EPC
$1.32B
| $1.2M | 0.01% |
20,144
-1,300
| -6% | -$81.8K |
|
779
Saic
SAIC
$5.36B
| $1.19M | 0.01% |
15,585
-900
| -5% | -$65.1K |
|
780
Cirrus Logic
CRUS
$6.2B
| $1.19M | 0.01% |
22,900
-1,100
| -5% | -$59.4K |
|
781
Belden
BDC
$5.19B
| $1.17M | 0.01% |
15,200
-700
| -4% | -$57.9K |
|
|
JBGS
782
JBG SMITH
JBGS
$708M
| $1.16M | 0.01% |
33,525
-1,600
| -5% | -$52.8K |
|
|
TXNM
783
TXNM Energy Inc
TXNM
$5.94B
| $1.16M | 0.01% |
28,634
-1,300
| -4% | -$55.8K |
|
784
Black Hills Corp
BKH
$5.7B
| $1.15M | 0.01% |
19,190
-900
| -4% | -$55.7K |
|
785
Cathay General Bancorp
CATY
$4.25B
| $1.15M | 0.01% |
27,300
-1,300
| -5% | -$54.3K |
|
|
TUP
786
DELISTED
Tupperware Brands Corporation
TUP
| $1.15M | 0.01% |
18,287
-800
| -4% | -$49K |
|
787
Sensient Technologies
SXT
$5.57B
| $1.15M | 0.01% |
15,670
-800
| -5% | -$61K |
|
|
LHO
788
DELISTED
LaSalle Hotel Properties
LHO
| $1.14M | 0.01% |
40,700
-1,900
| -4% | -$54.5K |
|
789
American Eagle Outfitters
AEO
$3.01B
| $1.14M | 0.01% |
60,475
-2,800
| -4% | -$42.2K |
|
790
UMB Financial
UMBF
$11.1B
| $1.14M | 0.01% |
15,800
-800
| -5% | -$58.8K |
|
791
Avis
CAR
$5.01B
| $1.13M | 0.01% |
25,800
-1,600
| -6% | -$63.6K |
|
|
BBBY
792
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.13M | 0.01% |
51,500
-2,700
| -5% | -$58.6K |
|
793
Range Resources
RRC
$8.97B
| $1.13M | 0.01% |
66,207
-2,300
| -3% | -$41.4K |
|
794
Fulton Financial
FULT
$4.66B
| $1.13M | 0.01% |
62,900
-2,900
| -4% | -$53.3K |
|
|
UFS
795
DELISTED
DOMTAR CORPORATION (New)
UFS
| $1.11M | 0.01% |
22,500
-1,000
| -4% | -$46.5K |
|
796
Churchill Downs
CHDN
$6.12B
| $1.09M | 0.01% |
28,200
-1,200
| -4% | -$43.4K |
|
797
TripAdvisor
TRIP
$1.24B
| $1.09M | 0.01% |
31,754
-1,100
| -3% | -$39.7K |
|
798
AutoNation
AN
$6.96B
| $1.09M | 0.01% |
21,300
-3,300
| -13% | -$167K |
|
799
ATI
ATI
$31.4B
| $1.09M | 0.01% |
45,200
+4,300
| +11% | +$102K |
|
800
CNX Resources
CNX
$5.2B
| $1.09M | 0.01% |
74,400
-19,080
| -20% | -$264K |
|
Similar funds
FAM
BA
AM
CAM
DSA
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.