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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
CVG
876
DELISTED
Convergys
CVG
$943K 0.01%
38,400
-200
-0.5% -$5.38K
MOH icon
877
Molina Healthcare
MOH
$10.3B
$933K 0.01%
17,200
+100
+0.6% +$5.47K
PBI icon
878
Pitney Bowes
PBI
$2.39B
$923K 0.01%
60,791
-3,968
-6% -$63.2K
LPNT
879
DELISTED
LifePoint Health, Inc.
LPNT
$920K 0.01%
16,200
-1,000
-6% -$57.9K
PZZA icon
880
Papa John's
PZZA
$806M
$916K 0.01%
+10,700
New +$887K
INVX
881
Innovex International
INVX
$1.97B
$907K 0.01%
15,100
– –
MUSA icon
882
Murphy USA
MUSA
$9.61B
$899K 0.01%
14,625
-200
-1% -$13.5K
BIG
883
DELISTED
Big Lots, Inc.
BIG
$899K 0.01%
17,900
– –
AVP
884
DELISTED
Avon Products, Inc.
AVP
$886K 0.01%
175,855
– –
DNOW icon
885
DNOW Inc
DNOW
$2.99B
$885K 0.01%
43,227
– –
MCY icon
886
Mercury Insurance
MCY
$6.07B
$885K 0.01%
14,700
– –
GVA icon
887
Granite Construction
GVA
$5.62B
$877K 0.01%
15,945
– –
ACH
888
Accendra Health
ACH
$214M
$875K 0.01%
24,800
-300
-1% -$10.1K
VSTO
889
DELISTED
Vista Outdoor Inc.
VSTO
$875K 0.01%
23,700
-600
-2% -$23.2K
VSH icon
890
Vishay Intertechnology
VSH
$5.43B
$874K 0.01%
53,952
-300
-0.6% -$4.47K
MDP
891
DELISTED
Meredith Corporation
MDP
$870K 0.01%
14,700
– –
MSA icon
892
Mine Safety
MSA
$7.49B
$867K 0.01%
12,500
– –
KMPR icon
893
Kemper
KMPR
$1.68B
$866K 0.01%
19,550
– –
ACIW icon
894
ACI Worldwide
ACIW
$5.42B
$856K 0.01%
47,150
– –
CVLT icon
895
Commault Systems
CVLT
$5.61B
$853K 0.01%
16,600
– –
CCP
896
DELISTED
Care Capital Properties, Inc.
CCP
$845K 0.01%
33,800
– –
WOR icon
897
Worthington Enterprises
WOR
$2.86B
$839K 0.01%
28,674
-162
-0.6% -$5.21K
RAMP icon
898
LiveRamp
RAMP
$2.3B
$836K 0.01%
31,200
– –
ALEX
899
DELISTED
Alexander & Baldwin
ALEX
$831K 0.01%
18,520
– –
MLKN icon
900
MillerKnoll
MLKN
$1.67B
$825K 0.01%
24,130
– –
34 35
36
37 38

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.