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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
DDS icon
926
Dillards
DDS
$9.36B
$456K ﹤0.01%
7,600
-300
-4% -$16.6K
DBD
927
DELISTED
Diebold Nixdorf Incorporated
DBD
$444K ﹤0.01%
27,130
-1,300
-5% -$25.1K
THC icon
928
Tenet Healthcare
THC
$20.9B
$440K ﹤0.01%
29,000
-1,300
-4% -$18.3K
DO
929
DELISTED
Diamond Offshore Drilling
DO
$431K ﹤0.01%
23,200
-1,100
-5% -$17.9K
DNOW icon
930
DNOW Inc
DNOW
$2.95B
$427K ﹤0.01%
38,727
-1,800
-4% -$20.6K
ACH
931
Accendra Health
ACH
$228M
$415K ﹤0.01%
22,000
-1,000
-4% -$22.2K
DF
932
DELISTED
Dean Foods Company
DF
$379K ﹤0.01%
32,750
-1,400
-4% -$14.9K
DDD icon
933
3D Systems Corp
DDD
$598M
$353K ﹤0.01%
40,900
-1,900
-4% -$19.5K
ISCA
934
DELISTED
International Speedway Corp
ISCA
$349K ﹤0.01%
8,750
-600
-6% -$23.8K
AVP
935
DELISTED
Avon Products, Inc.
AVP
$271K ﹤0.01%
126,155
-39,300
-24% -$84.5K
TR icon
936
Tootsie Roll Industries
TR
$2.97B
$251K ﹤0.01%
8,979
-392
-4% -$11K
AUPH icon
937
Aurinia Pharmaceuticals
AUPH
$2.08B
$102K ﹤0.01%
22,500
– –
SGYP
938
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
$100K ﹤0.01%
45,000
– –
RUN icon
939
Sunrun
RUN
$2.39B
$93K ﹤0.01%
+15,803
New +$90.8K
AX icon
940
Axos Financial
AX
$5.74B
– –
-961,487
Closed -$27.4M
BTI icon
941
British American Tobacco
BTI
$129B
– –
-393,715
Closed -$24.6M
EHC icon
942
Encompass Health
EHC
$12.4B
– –
-46,635
Closed -$1.72M
FANG icon
943
Diamondback Energy
FANG
$51.8B
– –
-7,573
Closed -$742K
HON icon
944
Honeywell
HON
$76.3B
– –
-566,049
Closed -$72.5M
SYRS
945
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
– –
-1,628
Closed -$240K
SYNH
946
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-21,100
Closed -$1.1M
BSMX
947
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
– –
-744,300
Closed -$7.51M
WP
948
DELISTED
Worldpay, Inc.
WP
– –
-26,950
Closed -$1.9M
C.WS.A
949
DELISTED
Citigroup Inc
C.WS.A
– –
-89,144,993
Closed -$10.3M
BRCD
950
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-155,600
Closed -$1.86M
35 36 37
38
39

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FAM
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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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Capital Fund Management (CFM)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.