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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
LIVN icon
801
LivaNova
LIVN
$4.2B
$1.14M 0.01%
16,300
-1,600
-9% -$101K
PBF icon
802
PBF Energy
PBF
$7.31B
$1.14M 0.01%
41,300
-3,900
-9% -$90.3K
MOH icon
803
Molina Healthcare
MOH
$10.3B
$1.14M 0.01%
16,500
-1,100
-6% -$71.6K
TCO
804
DELISTED
Taubman Centers Inc.
TCO
$1.13M 0.01%
22,800
-2,200
-9% -$121K
JACK icon
805
Jack in the Box
JACK
$335M
$1.13M 0.01%
11,100
-1,000
-8% -$95.6K
ENS icon
806
EnerSys
ENS
$6.99B
$1.13M 0.01%
16,300
-1,600
-9% -$109K
WAFD icon
807
WaFd
WAFD
$2.75B
$1.13M 0.01%
33,423
-3,400
-9% -$111K
SGI
808
Somnigroup International
SGI
$13.7B
$1.12M 0.01%
69,200
-8,000
-10% -$118K
CLH icon
809
Clean Harbors
CLH
$16.3B
$1.11M 0.01%
19,600
-1,900
-9% -$103K
SYNH
810
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.1M 0.01%
21,100
-1,200
-5% -$66.9K
SAIC icon
811
Saic
SAIC
$5.35B
$1.1M 0.01%
16,485
-1,500
-8% -$104K
TCF
812
DELISTED
TCF Financial Corporation
TCF
$1.1M 0.01%
64,560
-6,000
-9% -$94.6K
NTCT icon
813
NETSCOUT
NTCT
$2.79B
$1.09M 0.01%
33,700
-4,100
-11% -$137K
TGNA
814
DELISTED
TEGNA Inc
TGNA
$1.08M 0.01%
80,900
-7,600
-9% -$102K
MANH icon
815
Manhattan Associates
MANH
$11.4B
$1.08M 0.01%
25,900
-2,700
-9% -$118K
ENR icon
816
Energizer
ENR
$1.55B
$1.07M 0.01%
23,244
-2,200
-9% -$99.1K
ILG
817
DELISTED
ILG, Inc Common Stock
ILG
$1.07M 0.01%
+39,900
New +$1.06M
FHI icon
818
Federated Hermes
FHI
$4.72B
$1.07M 0.01%
35,900
-2,300
-6% -$64.6K
WEN icon
819
Wendy's
WEN
$1.46B
$1.07M 0.01%
68,643
-10,300
-13% -$158K
NUVA
820
DELISTED
NuVasive, Inc.
NUVA
$1.06M 0.01%
19,100
-1,800
-9% -$119K
CAA
821
DELISTED
CalAtlantic Group, Inc.
CAA
$1.05M 0.01%
28,600
-3,100
-10% -$110K
CAR icon
822
Avis
CAR
$5.02B
$1.04M 0.01%
27,400
-7,300
-21% -$245K
NWE icon
823
NorthWestern Energy
NWE
$4.43B
$1.04M 0.01%
18,200
-1,800
-9% -$107K
WOLF icon
824
Wolfspeed
WOLF
$1.71B
$1.03M 0.01%
36,700
-3,400
-8% -$84.6K
KLXI
825
DELISTED
KLX Inc.
KLXI
$1.02M 0.01%
22,890
-2,372
-9% -$101K
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 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.