We are live on ! Find out more
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
VRE
851
DELISTED
Veris Residential
VRE
$1.05M 0.01%
36,100
– –
AN icon
852
AutoNation
AN
$6.92B
$1.05M 0.01%
21,509
-1,612
-7% -$74.8K
AEO icon
853
American Eagle Outfitters
AEO
$3.01B
$1.04M 0.01%
68,875
+100
+0.1% +$1.71K
GME icon
854
GameStop
GME
$8.6B
$1.04M 0.01%
164,000
-3,200
-2% -$19.8K
JCP
855
DELISTED
J.C. Penney Company, Inc.
JCP
$1.03M 0.01%
124,140
+300
+0.2% +$2.71K
SPN
856
DELISTED
Superior Energy Services, Inc.
SPN
$1.03M 0.01%
6,110
– –
SFM icon
857
Sprouts Farmers Market
SFM
$8.01B
$1.02M 0.01%
53,900
-2,300
-4% -$48.3K
UE icon
858
Urban Edge Properties
UE
$2.73B
$1.02M 0.01%
37,000
+200
+0.5% +$5.31K
DY icon
859
Dycom Industries
DY
$12.3B
$1.01M 0.01%
12,600
– –
CMC icon
860
Commercial Metals
CMC
$8.31B
$1.01M 0.01%
46,200
+100
+0.2% +$1.96K
HNI icon
861
HNI Corp
HNI
$3.59B
$1M 0.01%
17,940
– –
KMT icon
862
Kennametal
KMT
$2.52B
$1M 0.01%
32,060
– –
CAA
863
DELISTED
CalAtlantic Group, Inc.
CAA
$1M 0.01%
29,400
-600
-2% -$19.8K
GATX icon
864
GATX Corp
GATX
$6.27B
$991K 0.01%
16,090
-200
-1% -$10.4K
EAT icon
865
Brinker International
EAT
$9.66B
$989K 0.01%
19,977
-2,100
-10% -$108K
UFS
866
DELISTED
DOMTAR CORPORATION (New)
UFS
$984K 0.01%
25,200
– –
GHC icon
867
Graham Holdings Company
GHC
$5.02B
$973K 0.01%
1,900
– –
TRMK icon
868
Trustmark
TRMK
$2.75B
$970K 0.01%
27,200
– –
ODP
869
DELISTED
ODP
ODP
$962K 0.01%
21,280
-610
-3% -$25.3K
KATE
870
DELISTED
Kate Spade & Company
KATE
$962K 0.01%
51,500
– –
KBR icon
871
KBR
KBR
$4.8B
$957K 0.01%
57,342
– –
KLXI
872
DELISTED
KLX Inc.
KLXI
$956K 0.01%
25,143
– –
IBOC icon
873
International Bancshares
IBOC
$4.57B
$955K 0.01%
23,400
– –
RDC
874
DELISTED
Rowan Companies Plc
RDC
$954K 0.01%
50,500
– –
HELE icon
875
Helen of Troy
HELE
$693M
$946K 0.01%
11,200
– –
33 34
35
36 37

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.