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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
RAMP icon
901
LiveRamp
RAMP
$2.3B
$739K 0.01%
30,000
-2,400
-7% -$58.9K
CTB
902
DELISTED
Cooper Tire & Rubber Co.
CTB
$733K 0.01%
19,600
-2,200
-10% -$78K
PZZA icon
903
Papa John's
PZZA
$806M
$731K 0.01%
10,000
-900
-8% -$67.6K
URBN icon
904
Urban Outfitters
URBN
$6.59B
$731K 0.01%
30,600
-5,800
-16% -$117K
GNW icon
905
Genworth Financial
GNW
$3.71B
$723K 0.01%
187,750
-17,900
-9% -$63.9K
CARS icon
906
Cars.com
CARS
$689M
$716K 0.01%
26,899
-2,600
-9% -$66K
CPAY icon
907
Corpay
CPAY
$25.7B
$712K 0.01%
4,600
– –
CAKE icon
908
Cheesecake Factory
CAKE
$5.33B
$691K 0.01%
16,399
-2,000
-11% -$89.1K
HNI icon
909
HNI Corp
HNI
$3.59B
$686K 0.01%
16,540
-1,600
-9% -$60.2K
SM icon
910
SM Energy
SM
$6.92B
$683K 0.01%
38,500
-1,900
-5% -$29.7K
ESV
911
DELISTED
Ensco Rowan plc
ESV
$682K 0.01%
28,575
-2,700
-9% -$53.9K
ACH
912
Accendra Health
ACH
$214M
$672K 0.01%
23,000
-2,200
-9% -$65K
DBD
913
DELISTED
Diebold Nixdorf Incorporated
DBD
$650K 0.01%
28,430
-2,700
-9% -$57.5K
ENDP
914
DELISTED
Endo International plc
ENDP
$648K 0.01%
75,600
-6,300
-8% -$60.7K
BID
915
DELISTED
Sotheby's
BID
$647K 0.01%
14,027
-4,900
-26% -$242K
INVX
916
Innovex International
INVX
$1.97B
$627K 0.01%
14,200
-1,400
-9% -$60.9K
WERN icon
917
Werner Enterprises
WERN
$2.25B
$617K 0.01%
16,875
-1,600
-9% -$50.8K
SPN
918
DELISTED
Superior Energy Services, Inc.
SPN
$614K 0.01%
5,750
-550
-9% -$54.3K
BWLD
919
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$613K 0.01%
5,800
-900
-13% -$100K
EAT icon
920
Brinker International
EAT
$9.66B
$585K ﹤0.01%
18,377
-1,800
-9% -$61.3K
WPG
921
DELISTED
Washington Prime Group Inc.
WPG
$582K ﹤0.01%
7,758
-733
-9% -$56.9K
DDD icon
922
3D Systems Corp
DDD
$613M
$573K ﹤0.01%
42,800
-1,800
-4% -$26.4K
GEF icon
923
Greif
GEF
$5.04B
$568K ﹤0.01%
9,700
-900
-8% -$51.3K
DNOW icon
924
DNOW Inc
DNOW
$3.02B
$560K ﹤0.01%
40,527
-3,900
-9% -$53.2K
POLY
925
DELISTED
Plantronics, Inc.
POLY
$557K ﹤0.01%
12,600
-1,200
-9% -$55.1K
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 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.