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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
RRX icon
801
Regal Rexnord
RRX
$11.9B
$1.25M 0.01%
18,000
– –
TXRH icon
802
Texas Roadhouse
TXRH
$13.7B
$1.25M 0.01%
25,800
– –
EDR
803
DELISTED
Education Realty Trust Inc
EDR
$1.24M 0.01%
29,400
– –
AMCX icon
804
AMC Global Media
AMCX
$489M
$1.24M 0.01%
23,750
-400
-2% -$20.8K
MPWR icon
805
Monolithic Power Systems
MPWR
$68.9B
$1.24M 0.01%
15,100
+100
+0.7% +$8.03K
WAFD icon
806
WaFd
WAFD
$2.75B
$1.23M 0.01%
35,923
-500
-1% -$15.3K
NJR icon
807
New Jersey Resources
NJR
$5.58B
$1.23M 0.01%
34,700
– –
VSM
808
DELISTED
Versum Materials, Inc.
VSM
$1.23M 0.01%
+43,801
New +$1.09M
ISIL
809
DELISTED
Intersil Corp
ISIL
$1.23M 0.01%
55,100
+600
+1% +$13.3K
CAB
810
DELISTED
Cabela's Inc
CAB
$1.21M 0.01%
20,700
– –
WNR
811
DELISTED
Western Refining Inc
WNR
$1.21M 0.01%
31,900
– –
TECD
812
DELISTED
Tech Data Corp
TECD
$1.2M 0.01%
14,150
– –
CDP icon
813
COPT Defense Properties
CDP
$4.21B
$1.19M 0.01%
38,200
+100
+0.3% +$2.84K
VLY icon
814
Valley National Bancorp
VLY
$8.04B
$1.19M 0.01%
102,514
+100
+0.1% +$1.07K
CABO icon
815
Cable One
CABO
$212M
$1.18M 0.01%
1,900
– –
CUZ icon
816
Cousins Properties
CUZ
$4.88B
$1.17M 0.01%
+34,450
New +$1.09M
CLH icon
817
Clean Harbors
CLH
$16.3B
$1.17M 0.01%
21,000
-100
-0.5% -$5.04K
NTCT icon
818
NETSCOUT
NTCT
$2.79B
$1.16M 0.01%
36,900
-100
-0.3% -$3.07K
SENS icon
819
Senseonics Holdings Inc
SENS
$366M
$1.16M 0.01%
21,713
– –
CXW icon
820
CoreCivic
CXW
$3.19B
$1.16M 0.01%
47,312
– –
TDC icon
821
Teradata
TDC
$2.55B
$1.16M 0.01%
42,512
-3,000
-7% -$84.6K
EQY
822
DELISTED
Equity One
EQY
$1.15M 0.01%
37,400
+400
+1% +$11.7K
CATY icon
823
Cathay General Bancorp
CATY
$4.24B
$1.14M 0.01%
29,900
+100
+0.3% +$3.38K
OI icon
824
O-I Glass
OI
$1.08B
$1.14M 0.01%
65,300
+8,782
+16% +$160K
BWLD
825
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$1.13M 0.01%
7,300
-100
-1% -$15.5K
31 32
33
34 35

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.