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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
ESV
851
DELISTED
Ensco Rowan plc
ESV
$926K 0.01%
39,175
+10,600
+37% +$235K
DECK icon
852
Deckers Outdoor
DECK
$13.3B
$923K 0.01%
69,000
-3,000
-4% -$35.9K
CVSA
853
Covista Inc
CVSA
$4.59B
$917K 0.01%
21,800
-1,500
-6% -$58.8K
TDS icon
854
Telephone and Data Systems
TDS
$3.89B
$916K 0.01%
32,936
-1,600
-5% -$43.9K
GVA icon
855
Granite Construction
GVA
$5.47B
$910K 0.01%
14,345
-600
-4% -$37.5K
MZTI
856
The Marzetti Company
MZTI
$3.03B
$907K 0.01%
7,020
-300
-4% -$37.9K
EVOK
857
DELISTED
Evoke Pharma
EVOK
$904K 0.01%
2,778
– –
UNFI icon
858
United Natural Foods
UNFI
$2.82B
$902K 0.01%
18,300
-700
-4% -$30.6K
SKT icon
859
Tanger
SKT
$4.5B
$901K 0.01%
34,000
-1,700
-5% -$42K
AAN.A
860
DELISTED
The Aaron's Company Inc Class A
AAN.A
$893K 0.01%
22,400
-1,000
-4% -$39.9K
CMC icon
861
Commercial Metals
CMC
$8.24B
$887K 0.01%
41,600
-1,900
-4% -$37.8K
CPAY icon
862
Corpay
CPAY
$25.6B
$885K 0.01%
4,600
– –
CMP icon
863
Compass Minerals
CMP
$1.14B
$881K 0.01%
12,200
-500
-4% -$33.6K
CPE
864
DELISTED
Callon Petroleum Company
CPE
$881K 0.01%
7,250
-310
-4% -$34.3K
BWLD
865
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$876K 0.01%
5,600
-200
-3% -$26.3K
MTX icon
866
Minerals Technologies
MTX
$2.34B
$873K 0.01%
12,680
-500
-4% -$35.5K
PDCO
867
DELISTED
Patterson Companies, Inc.
PDCO
$872K 0.01%
24,138
-900
-4% -$32.9K
AHL
868
DELISTED
ASPEN Insurance Holding Limited
AHL
$869K 0.01%
21,400
-1,100
-5% -$45.5K
SBH icon
869
Sally Beauty Holdings
SBH
$1.51B
$867K 0.01%
46,200
-3,200
-6% -$55.5K
MLKN icon
870
MillerKnoll
MLKN
$1.64B
$862K 0.01%
21,530
-1,000
-4% -$35.1K
BIG
871
DELISTED
Big Lots, Inc.
BIG
$859K 0.01%
15,300
-1,300
-8% -$70.5K
CRS icon
872
Carpenter Technology
CRS
$27.8B
$857K 0.01%
16,800
-800
-5% -$39.7K
GATX icon
873
GATX Corp
GATX
$6.32B
$857K 0.01%
13,790
-800
-5% -$48.6K
DKS icon
874
Dick's Sporting Goods
DKS
$17.7B
$854K 0.01%
29,700
-2,100
-7% -$57.9K
PBH icon
875
Prestige Consumer Healthcare
PBH
$2.61B
$848K 0.01%
19,100
-800
-4% -$36.4K
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 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.