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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
NYT icon
876
New York Times
NYT
$10.5B
$836K 0.01%
45,200
-2,100
-4% -$39K
QEP
877
DELISTED
QEP RESOURCES, INC.
QEP
$829K 0.01%
86,600
-3,900
-4% -$35.3K
SM icon
878
SM Energy
SM
$6.94B
$815K 0.01%
36,900
-1,600
-4% -$32.3K
CVLT icon
879
Commault Systems
CVLT
$5.65B
$809K 0.01%
15,400
-500
-3% -$27.7K
RAMP icon
880
LiveRamp
RAMP
$2.3B
$785K 0.01%
28,500
-1,500
-5% -$39.4K
UAA icon
881
Under Armour
UAA
$2.65B
$783K 0.01%
54,256
-1,900
-3% -$27.5K
SLGN icon
882
Silgan Holdings
SLGN
$4.44B
$781K 0.01%
26,562
-1,200
-4% -$34.7K
CVG
883
DELISTED
Convergys
CVG
$780K 0.01%
33,200
-1,900
-5% -$46.9K
AVNS
884
DELISTED
Avanos Medical
AVNS
$777K 0.01%
16,820
-800
-5% -$36.8K
IBOC icon
885
International Bancshares
IBOC
$4.63B
$774K 0.01%
19,500
-900
-4% -$36.3K
TRMK icon
886
Trustmark
TRMK
$2.77B
$774K 0.01%
24,300
-1,200
-5% -$39.7K
MNK
887
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$769K 0.01%
34,100
-2,400
-7% -$64.4K
GPOR
888
DELISTED
Gulfport Energy Corp.
GPOR
$755K 0.01%
59,200
-2,700
-4% -$35.9K
PBI icon
889
Pitney Bowes
PBI
$2.47B
$750K 0.01%
67,100
-3,100
-4% -$36.5K
OII icon
890
Oceaneering
OII
$4.84B
$746K 0.01%
35,300
-1,700
-5% -$36.1K
CARS icon
891
Cars.com
CARS
$741M
$741K 0.01%
25,699
-1,200
-4% -$31K
CAKE icon
892
Cheesecake Factory
CAKE
$5.29B
$737K 0.01%
15,299
-1,100
-7% -$50K
NBR icon
893
Nabors Industries
NBR
$1.22B
$734K 0.01%
2,149
– –
PCH
894
DELISTED
PotlatchDeltic
PCH
$731K 0.01%
14,641
-600
-4% -$31K
UA icon
895
Under Armour Class C
UA
$2.6B
$719K 0.01%
53,999
-2,500
-4% -$32.7K
PAY
896
DELISTED
Verifone Systems Inc
PAY
$714K 0.01%
40,300
-1,800
-4% -$33.5K
ESL
897
DELISTED
Esterline Technologies
ESL
$710K 0.01%
9,500
-400
-4% -$32.9K
WOR icon
898
Worthington Enterprises
WOR
$2.85B
$708K 0.01%
26,079
-1,297
-5% -$34.6K
LPNT
899
DELISTED
LifePoint Health, Inc.
LPNT
$707K 0.01%
14,200
-900
-6% -$44.7K
MCY icon
900
Mercury Insurance
MCY
$5.94B
$700K 0.01%
13,100
-600
-4% -$33K
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 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.