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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
Cap. Flow
-$336M
Cap. Flow %
-2.65%
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$49.6M
2
CVS icon
CVS Health
CVS
+$43.5M
3
AGNC icon
AGNC Investment
AGNC
+$41M
4
GPMT
Granite Point Mortgage Trust
GPMT
+$26.9M
5
MCHP icon
Microchip Technology
MCHP
+$19.1M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$72.5M
2
VR
Validus Hold Ltd
VR
+$39.5M
3
XYZ
Block Inc
XYZ
+$34.6M
4
DIS icon
Walt Disney
DIS
+$33.5M
5
ADBE icon
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
TGNA
801
DELISTED
TEGNA Inc
TGNA
$1.09M 0.01%
77,300
-3,600
-4% -$47.1K
AKRX
802
DELISTED
Akorn Inc
AKRX
$1.09M 0.01%
33,700
-1,500
-4% -$49.2K
SFM icon
803
Sprouts Farmers Market
SFM
$8.15B
$1.08M 0.01%
44,500
-2,900
-6% -$61.5K
MTDR icon
804
Matador Resources
MTDR
$6.12B
$1.08M 0.01%
34,700
+1,200
+4% +$32.9K
ILG
805
DELISTED
ILG, Inc Common Stock
ILG
$1.08M 0.01%
37,900
-2,000
-5% -$57.7K
CIEN icon
806
Ciena
CIEN
$58.7B
$1.07M 0.01%
51,300
-2,000
-4% -$42.4K
GMED icon
807
Globus Medical
GMED
$11.1B
$1.07M 0.01%
26,100
-1,100
-4% -$38.5K
WAFD icon
808
WaFd
WAFD
$2.75B
$1.07M 0.01%
31,323
-2,100
-6% -$72.1K
WEN icon
809
Wendy's
WEN
$1.43B
$1.07M 0.01%
65,243
-3,400
-5% -$51.7K
NUVA
810
DELISTED
NuVasive, Inc.
NUVA
$1.07M 0.01%
18,300
-800
-4% -$45.4K
VLY icon
811
Valley National Bancorp
VLY
$8.03B
$1.06M 0.01%
94,914
-4,400
-4% -$51K
CHK
812
DELISTED
Chesapeake Energy Corporation
CHK
$1.05M 0.01%
1,332
-30
-2% -$23.4K
UNIT
813
Uniti Group
UNIT
$2.32B
$1.05M 0.01%
59,240
-2,800
-5% -$46.2K
WLY icon
814
John Wiley & Sons Class A
WLY
$2.7B
$1.05M 0.01%
16,000
-800
-5% -$46.3K
ENS icon
815
EnerSys
ENS
$7B
$1.05M 0.01%
15,100
-1,200
-7% -$82.2K
GEO icon
816
The GEO Group
GEO
$4.11B
$1.05M 0.01%
44,550
-2,100
-5% -$53.4K
ENR icon
817
Energizer
ENR
$1.53B
$1.05M 0.01%
21,844
-1,400
-6% -$64.3K
CDP icon
818
COPT Defense Properties
CDP
$4.23B
$1.04M 0.01%
35,800
-1,600
-4% -$50.2K
NWE icon
819
NorthWestern Energy
NWE
$4.47B
$1.04M 0.01%
17,500
-700
-4% -$42.2K
SGI
820
Somnigroup International
SGI
$13.7B
$1.04M 0.01%
66,400
-2,800
-4% -$42.7K
JACK icon
821
Jack in the Box
JACK
$331M
$1.04M 0.01%
10,600
-500
-5% -$50.9K
SWN
822
DELISTED
Southwestern Energy Company
SWN
$1.03M 0.01%
184,200
-7,300
-4% -$42.4K
NAVI icon
823
Navient
NAVI
$847M
$1.03M 0.01%
77,133
-6,000
-7% -$75.8K
THS
824
DELISTED
Treehouse Foods
THS
$1.02M 0.01%
20,600
-900
-4% -$48.2K
URBN icon
825
Urban Outfitters
URBN
$6.58B
$1.01M 0.01%
28,800
-1,800
-6% -$50.4K
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 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.