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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
TKR icon
826
Timken Company
TKR
$9.03B
$1.12M 0.01%
28,200
-200
-0.7% -$7.43K
PDCO
827
DELISTED
Patterson Companies, Inc.
PDCO
$1.12M 0.01%
27,238
-1,852
-6% -$79.9K
OII icon
828
Oceaneering
OII
$4.77B
$1.11M 0.01%
39,500
– –
PBH icon
829
Prestige Consumer Healthcare
PBH
$2.6B
$1.11M 0.01%
21,300
– –
NWE icon
830
NorthWestern Energy
NWE
$4.43B
$1.11M 0.01%
19,500
+100
+0.5% +$5.62K
ENR icon
831
Energizer
ENR
$1.55B
$1.11M 0.01%
24,844
-100
-0.4% -$4.56K
JOY
832
DELISTED
Joy Global Inc
JOY
$1.11M 0.01%
39,574
+100
+0.3% +$2.8K
MZTI
833
The Marzetti Company
MZTI
$3.11B
$1.11M 0.01%
7,820
– –
DAN icon
834
Dana Inc
DAN
$3.06B
$1.1M 0.01%
57,900
+200
+0.3% +$3.35K
TXNM
835
TXNM Energy Inc
TXNM
$5.94B
$1.1M 0.01%
32,034
– –
SLAB icon
836
Silicon Laboratories
SLAB
$7.23B
$1.09M 0.01%
16,800
+100
+0.6% +$6.29K
WEN icon
837
Wendy's
WEN
$1.46B
$1.09M 0.01%
80,743
-1,300
-2% -$15.7K
MTX icon
838
Minerals Technologies
MTX
$2.34B
$1.09M 0.01%
14,080
+100
+0.7% +$7.41K
TDS icon
839
Telephone and Data Systems
TDS
$3.75B
$1.09M 0.01%
37,636
+200
+0.5% +$5.45K
LPX icon
840
Louisiana-Pacific
LPX
$5.49B
$1.08M 0.01%
57,299
+100
+0.2% +$1.91K
LM
841
DELISTED
Legg Mason, Inc.
LM
$1.08M 0.01%
36,200
+4,024
+13% +$126K
AVNT icon
842
Avient
AVNT
$4.19B
$1.08M 0.01%
33,700
-100
-0.3% -$3.21K
TUP
843
DELISTED
Tupperware Brands Corporation
TUP
$1.07M 0.01%
20,387
– –
ENDP
844
DELISTED
Endo International plc
ENDP
$1.07M 0.01%
64,864
-4,336
-6% -$76.3K
CAKE icon
845
Cheesecake Factory
CAKE
$5.33B
$1.07M 0.01%
17,799
-200
-1% -$11.3K
CMP icon
846
Compass Minerals
CMP
$1.15B
$1.07M 0.01%
13,600
– –
CADE
847
DELISTED
Cadence Bank
CADE
$1.06M 0.01%
34,300
-300
-0.9% -$8.04K
FHI icon
848
Federated Hermes
FHI
$4.72B
$1.06M 0.01%
37,500
-300
-0.8% -$8.31K
WOLF icon
849
Wolfspeed
WOLF
$1.71B
$1.06M 0.01%
40,200
-400
-1% -$9.96K
ESL
850
DELISTED
Esterline Technologies
ESL
$1.05M 0.01%
11,800
– –
32 33
34
35 36

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.