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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
RDC
926
DELISTED
Rowan Companies Plc
RDC
$549K ﹤0.01%
42,700
-9,300
-18% -$99.8K
QCP
927
DELISTED
Quality Care Properties, Inc.
QCP
$546K ﹤0.01%
35,233
-3,400
-9% -$54K
SAM icon
928
Boston Beer
SAM
$1.92B
$531K ﹤0.01%
3,400
-400
-11% -$58.4K
KN icon
929
Knowles
KN
$3.34B
$513K ﹤0.01%
33,611
-3,200
-9% -$49.2K
SYNA icon
930
Synaptics
SYNA
$4.15B
$498K ﹤0.01%
12,700
-1,400
-10% -$63.1K
THC icon
931
Tenet Healthcare
THC
$21.1B
$498K ﹤0.01%
30,300
-2,900
-9% -$49.2K
NWS icon
932
News Corp Class B
NWS
$17.5B
$496K ﹤0.01%
36,344
-2,800
-7% -$39K
HSNI
933
DELISTED
HSN, Inc.
HSNI
$469K ﹤0.01%
12,000
-1,200
-9% -$45.4K
DCM
934
DELISTED
NTT DOCOMO, Inc.
DCM
$467K ﹤0.01%
20,500
– –
DDS icon
935
Dillards
DDS
$9.56B
$443K ﹤0.01%
7,900
-1,100
-12% -$67.8K
AVP
936
DELISTED
Avon Products, Inc.
AVP
$386K ﹤0.01%
165,455
-15,900
-9% -$47.1K
DF
937
DELISTED
Dean Foods Company
DF
$372K ﹤0.01%
34,150
-3,300
-9% -$42.5K
DO
938
DELISTED
Diamond Offshore Drilling
DO
$352K ﹤0.01%
24,300
-2,300
-9% -$27.7K
FTR
939
DELISTED
Frontier Communications Corp.
FTR
$348K ﹤0.01%
29,540
-2,700
-8% -$37.9K
ISCA
940
DELISTED
International Speedway Corp
ISCA
$337K ﹤0.01%
9,350
-1,100
-11% -$38.4K
TR icon
941
Tootsie Roll Industries
TR
$2.98B
$273K ﹤0.01%
9,371
-130
-1% -$3.67K
SYRS
942
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
$240K ﹤0.01%
+1,628
New +$306K
AUPH icon
943
Aurinia Pharmaceuticals
AUPH
$2.04B
$141K ﹤0.01%
22,500
– –
SGYP
944
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
$131K ﹤0.01%
45,000
– –
FCN icon
945
FTI Consulting
FCN
$4.18B
– –
-17,000
Closed -$594K
GLNG icon
946
Golar LNG
GLNG
$5.13B
– –
-477,700
Closed -$10.6M
GSK icon
947
GSK
GSK
$106B
– –
-323,200
Closed -$17.4M
NCMI icon
948
National CineMedia
NCMI
$378M
– –
-129,100
Closed -$9.58M
OIS icon
949
Oil States International
OIS
$491M
– –
-21,300
Closed -$578K
OUT icon
950
Outfront Media
OUT
$5.49B
– –
-493,502
Closed -$11.2M
35 36 37
38
39

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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
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CAM
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DSA
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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.