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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
AAN.A
826
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.02M 0.01%
23,400
-2,500
-10% -$109K
UFS
827
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.02M 0.01%
23,500
-2,300
-9% -$91.7K
CADE
828
DELISTED
Cadence Bank
CADE
$1.02M 0.01%
31,800
-2,500
-7% -$74.8K
MSA icon
829
Mine Safety
MSA
$7.49B
$1.02M 0.01%
12,800
-200
-2% -$15K
ACIW icon
830
ACI Worldwide
ACIW
$5.46B
$1.01M 0.01%
44,350
-4,300
-9% -$97.4K
CHDN icon
831
Churchill Downs
CHDN
$6.12B
$1.01M 0.01%
29,400
-1,200
-4% -$38.4K
DY icon
832
Dycom Industries
DY
$12.3B
$1M 0.01%
11,700
-1,100
-9% -$92.7K
PBH icon
833
Prestige Consumer Healthcare
PBH
$2.6B
$997K 0.01%
19,900
-1,900
-9% -$97.1K
GHC icon
834
Graham Holdings Company
GHC
$5.02B
$995K 0.01%
1,700
-200
-11% -$117K
WBD icon
835
Warner Bros
WBD
$67.1B
$995K 0.01%
46,749
-3,800
-8% -$89.5K
HELE icon
836
Helen of Troy
HELE
$693M
$988K 0.01%
10,200
-1,000
-9% -$96.2K
EDR
837
DELISTED
Education Realty Trust Inc
EDR
$988K 0.01%
27,500
-2,700
-9% -$103K
PBI icon
838
Pitney Bowes
PBI
$2.39B
$984K 0.01%
70,200
-6,700
-9% -$92K
ATI icon
839
ATI
ATI
$31.1B
$978K 0.01%
40,900
-4,000
-9% -$79.1K
KMPR icon
840
Kemper
KMPR
$1.68B
$973K 0.01%
18,350
-1,700
-8% -$77.5K
OII icon
841
Oceaneering
OII
$4.77B
$972K 0.01%
37,000
-3,500
-9% -$84.7K
PDCO
842
DELISTED
Patterson Companies, Inc.
PDCO
$968K 0.01%
25,038
-1,800
-7% -$71.9K
CVLT icon
843
Commault Systems
CVLT
$5.61B
$967K 0.01%
15,900
-1,300
-8% -$77.6K
SBH icon
844
Sally Beauty Holdings
SBH
$1.58B
$967K 0.01%
49,400
-7,300
-13% -$144K
IDCC icon
845
InterDigital
IDCC
$8.89B
$966K 0.01%
13,100
-1,200
-8% -$87.8K
MDRX
846
DELISTED
Veradigm Inc. Common Stock
MDRX
$966K 0.01%
67,900
-6,900
-9% -$89.3K
TDS icon
847
Telephone and Data Systems
TDS
$3.75B
$963K 0.01%
34,536
-4,100
-11% -$116K
UE icon
848
Urban Edge Properties
UE
$2.73B
$960K 0.01%
39,800
-1,000
-2% -$24.8K
VSH icon
849
Vishay Intertechnology
VSH
$5.43B
$948K 0.01%
50,452
-4,800
-9% -$84.4K
KBR icon
850
KBR
KBR
$4.8B
$941K 0.01%
52,642
-6,400
-11% -$104K
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 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.