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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
URBN icon
901
Urban Outfitters
URBN
$6.59B
$823K 0.01%
28,895
-2,224
-7% -$75K
AAN.A
902
DELISTED
The Aaron's Company Inc Class A
AAN.A
$819K 0.01%
25,600
-500
-2% -$16K
OIS icon
903
Oil States International
OIS
$491M
$807K 0.01%
20,700
– –
PAY
904
DELISTED
Verifone Systems Inc
PAY
$793K 0.01%
44,700
– –
DF
905
DELISTED
Dean Foods Company
DF
$792K 0.01%
36,350
– –
LIVN icon
906
LivaNova
LIVN
$4.2B
$791K 0.01%
17,600
-200
-1% -$9.83K
CEB
907
DELISTED
CEB Inc.
CEB
$788K 0.01%
13,000
– –
WPG
908
DELISTED
Washington Prime Group Inc.
WPG
$777K 0.01%
8,291
– –
AKRX
909
DELISTED
Akorn Inc
AKRX
$771K 0.01%
35,300
-200
-0.6% -$4.6K
SLGN icon
910
Silgan Holdings
SLGN
$4.41B
$769K 0.01%
30,062
-3,000
-9% -$75.4K
FCN icon
911
FTI Consulting
FCN
$4.18B
$766K 0.01%
17,000
– –
JNS
912
DELISTED
Janus Capital Group Inc
JNS
$762K 0.01%
57,400
-200
-0.3% -$2.75K
MDRX
913
DELISTED
Veradigm Inc. Common Stock
MDRX
$761K 0.01%
74,500
-600
-0.8% -$6.84K
DBD
914
DELISTED
Diebold Nixdorf Incorporated
DBD
$760K 0.01%
30,230
– –
CHDN icon
915
Churchill Downs
CHDN
$6.12B
$752K 0.01%
30,000
– –
SYNA icon
916
Synaptics
SYNA
$4.15B
$750K 0.01%
14,000
– –
CHS
917
DELISTED
Chicos FAS, Inc.
CHS
$748K 0.01%
52,000
-1,100
-2% -$15.2K
BID
918
DELISTED
Sotheby's
BID
$738K 0.01%
18,527
-800
-4% -$30.3K
POLY
919
DELISTED
Plantronics, Inc.
POLY
$734K 0.01%
13,400
– –
NSR
920
DELISTED
Neustar Inc
NSR
$733K 0.01%
21,960
– –
WBMD
921
DELISTED
WebMD Health Corp.
WBMD
$728K 0.01%
14,685
-1,015
-6% -$52.5K
DECK icon
922
Deckers Outdoor
DECK
$13.3B
$715K 0.01%
77,400
– –
GMED icon
923
Globus Medical
GMED
$11.2B
$715K 0.01%
+28,800
New +$654K
TIME
924
DELISTED
Time Inc.
TIME
$713K 0.01%
39,937
-400
-1% -$5.94K
CVSA
925
Covista Inc
CVSA
$4.8B
$711K 0.01%
22,800
– –
35 36
37
38 39

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.