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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
CPE
876
DELISTED
Callon Petroleum Company
CPE
$850K 0.01%
+7,560
New +$805K
UA icon
877
Under Armour Class C
UA
$2.53B
$849K 0.01%
56,499
-3,900
-6% -$65.7K
CRS icon
878
Carpenter Technology
CRS
$28.4B
$845K 0.01%
17,600
-1,700
-9% -$68.1K
TRMK icon
879
Trustmark
TRMK
$2.75B
$845K 0.01%
25,500
-2,400
-9% -$74.6K
CVSA
880
Covista Inc
CVSA
$4.8B
$835K 0.01%
23,300
-200
-0.9% -$6.83K
CMC icon
881
Commercial Metals
CMC
$8.31B
$828K 0.01%
43,500
-4,200
-9% -$78.7K
CMP icon
882
Compass Minerals
CMP
$1.15B
$824K 0.01%
12,700
-1,200
-9% -$80.2K
DECK icon
883
Deckers Outdoor
DECK
$13.3B
$821K 0.01%
72,000
-7,200
-9% -$77.7K
MDP
884
DELISTED
Meredith Corporation
MDP
$821K 0.01%
14,800
-300
-2% -$17K
IBOC icon
885
International Bancshares
IBOC
$4.57B
$818K 0.01%
20,400
-3,600
-15% -$130K
SLGN icon
886
Silgan Holdings
SLGN
$4.41B
$817K 0.01%
27,762
-3,200
-10% -$97.2K
MLKN icon
887
MillerKnoll
MLKN
$1.67B
$809K 0.01%
22,530
-2,100
-9% -$70.7K
GMED icon
888
Globus Medical
GMED
$11.2B
$808K 0.01%
27,200
-2,600
-9% -$79.4K
ALEX
889
DELISTED
Alexander & Baldwin
ALEX
$807K 0.01%
17,420
-1,600
-8% -$69.2K
VRE
890
DELISTED
Veris Residential
VRE
$801K 0.01%
33,800
-3,200
-9% -$78.8K
AVNS
891
DELISTED
Avanos Medical
AVNS
$793K 0.01%
17,620
-1,600
-8% -$68.3K
UNFI icon
892
United Natural Foods
UNFI
$2.85B
$790K 0.01%
19,000
-1,900
-9% -$70.7K
GME icon
893
GameStop
GME
$8.6B
$787K 0.01%
152,400
-14,400
-9% -$74.5K
TPH
894
DELISTED
Tri Pointe Homes
TPH
$786K 0.01%
56,900
-8,700
-13% -$116K
MCY icon
895
Mercury Insurance
MCY
$6.07B
$777K 0.01%
13,700
-1,300
-9% -$73.6K
PCH
896
DELISTED
PotlatchDeltic
PCH
$777K 0.01%
15,241
-1,500
-9% -$71K
WOR icon
897
Worthington Enterprises
WOR
$2.86B
$776K 0.01%
27,376
-1,947
-7% -$60.6K
QEP
898
DELISTED
QEP RESOURCES, INC.
QEP
$776K 0.01%
90,500
-8,600
-9% -$70.3K
KBH icon
899
KB Home
KBH
$3.59B
$755K 0.01%
31,300
-3,000
-9% -$67.6K
FANG icon
900
Diamondback Energy
FANG
$52.7B
$742K 0.01%
+7,573
New +$697K
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 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.