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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
ATI icon
926
ATI
ATI
$31B
$699K 0.01%
43,900
– –
AVNS
927
DELISTED
Avanos Medical
AVNS
$696K 0.01%
18,820
– –
PCH
928
DELISTED
PotlatchDeltic
PCH
$681K 0.01%
16,341
– –
CRS icon
929
Carpenter Technology
CRS
$28.4B
$680K 0.01%
18,800
– –
TPH
930
DELISTED
Tri Pointe Homes
TPH
$674K 0.01%
58,700
-100
-0.2% -$1.2K
NYT icon
931
New York Times
NYT
$10.2B
$652K 0.01%
49,000
– –
WDR
932
DELISTED
Waddell & Reed Financial, Inc.
WDR
$650K 0.01%
33,300
– –
SAM icon
933
Boston Beer
SAM
$1.92B
$611K ﹤0.01%
3,600
– –
KN icon
934
Knowles
KN
$3.34B
$597K ﹤0.01%
35,711
– –
DNR
935
DELISTED
Denbury Resources, Inc.
DNR
$590K ﹤0.01%
160,292
– –
NE
936
DELISTED
Noble Corporation
NE
$580K ﹤0.01%
97,900
– –
QCP
937
DELISTED
Quality Care Properties, Inc.
QCP
$580K ﹤0.01%
+37,433
New +$561K
DDD icon
938
3D Systems Corp
DDD
$613M
$570K ﹤0.01%
42,900
– –
SCOR icon
939
Comscore
SCOR
$109M
$568K ﹤0.01%
900
– –
GEF icon
940
Greif
GEF
$5.04B
$534K ﹤0.01%
10,400
– –
TGI
941
DELISTED
Triumph Group
TGI
$527K ﹤0.01%
19,900
– –
KBH icon
942
KB Home
KBH
$3.59B
$526K ﹤0.01%
33,300
– –
WT icon
943
WisdomTree
WT
$3.22B
$514K ﹤0.01%
46,100
-100
-0.2% -$1.04K
ASIX icon
944
AdvanSix
ASIX
$444M
$499K ﹤0.01%
+22,520
New +$405K
WERN icon
945
Werner Enterprises
WERN
$2.25B
$484K ﹤0.01%
17,975
– –
SYNT
946
DELISTED
Syntel Inc
SYNT
$479K ﹤0.01%
24,200
– –
THC icon
947
Tenet Healthcare
THC
$21.1B
$475K ﹤0.01%
32,000
– –
DCM
948
DELISTED
NTT DOCOMO, Inc.
DCM
$466K ﹤0.01%
20,500
– –
NWS icon
949
News Corp Class B
NWS
$17.5B
$462K ﹤0.01%
39,144
-2,656
-6% -$33.8K
DO
950
DELISTED
Diamond Offshore Drilling
DO
$460K ﹤0.01%
26,000
+100
+0.4% +$1.76K
36 37
38
39 40

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.