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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
WBD icon
826
Warner Bros
WBD
$66.9B
$1.01M 0.01%
45,149
-1,600
-3% -$31.3K
CLH icon
827
Clean Harbors
CLH
$16.2B
$1.01M 0.01%
18,600
-1,000
-5% -$54.1K
SIG icon
828
Signet Jewelers
SIG
$3.71B
$1M 0.01%
17,744
-600
-3% -$36.7K
SAFM
829
DELISTED
Sanderson Farms Inc
SAFM
$999K 0.01%
7,200
-200
-3% -$30.9K
KBR icon
830
KBR
KBR
$4.76B
$998K 0.01%
50,342
-2,300
-4% -$43.5K
OKTA icon
831
Okta
OKTA
$25.7B
$996K 0.01%
+38,882
New +$1.09M
VSH icon
832
Vishay Intertechnology
VSH
$5.38B
$983K 0.01%
47,352
-3,100
-6% -$66.2K
AMCX icon
833
AMC Global Media
AMCX
$487M
$982K 0.01%
18,150
-1,400
-7% -$74.7K
TPH
834
DELISTED
Tri Pointe Homes
TPH
$969K 0.01%
54,100
-2,800
-5% -$47.2K
UE icon
835
Urban Edge Properties
UE
$2.71B
$969K 0.01%
38,000
-1,800
-5% -$44.7K
KBH icon
836
KB Home
KBH
$3.6B
$968K 0.01%
30,300
-1,000
-3% -$28.7K
ACIW icon
837
ACI Worldwide
ACIW
$5.39B
$967K 0.01%
42,650
-1,700
-4% -$39.5K
MIK
838
DELISTED
Michaels Stores, Inc
MIK
$960K 0.01%
39,700
-1,800
-4% -$37.2K
ACHC icon
839
Acadia Healthcare
ACHC
$2.86B
$959K 0.01%
29,400
-1,300
-4% -$45K
CXW icon
840
CoreCivic
CXW
$3.22B
$957K 0.01%
42,512
-1,900
-4% -$45.7K
NTCT icon
841
NETSCOUT
NTCT
$2.82B
$953K 0.01%
31,300
-2,400
-7% -$73.3K
IDCC icon
842
InterDigital
IDCC
$8.87B
$952K 0.01%
12,500
-600
-5% -$44.8K
CADE
843
DELISTED
Cadence Bank
CADE
$950K 0.01%
30,200
-1,600
-5% -$51.4K
EDR
844
DELISTED
Education Realty Trust Inc
EDR
$950K 0.01%
27,200
-300
-1% -$10.8K
GHC icon
845
Graham Holdings Company
GHC
$4.99B
$949K 0.01%
1,700
– –
MSA icon
846
Mine Safety
MSA
$7.54B
$946K 0.01%
12,200
-600
-5% -$47.9K
HELE icon
847
Helen of Troy
HELE
$690M
$944K 0.01%
9,800
-400
-4% -$36.8K
MDRX
848
DELISTED
Veradigm Inc. Common Stock
MDRX
$944K 0.01%
64,900
-3,000
-4% -$41.7K
MDP
849
DELISTED
Meredith Corporation
MDP
$938K 0.01%
14,200
-600
-4% -$36.2K
MUSA icon
850
Murphy USA
MUSA
$9.75B
$934K 0.01%
11,625
-1,000
-8% -$75.5K
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 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.