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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
HSNI
951
DELISTED
HSN, Inc.
HSNI
$439K ﹤0.01%
12,800
– –
FOSL icon
952
Fossil Group
FOSL
$318M
$437K ﹤0.01%
16,900
– –
ISCA
953
DELISTED
International Speedway Corp
ISCA
$385K ﹤0.01%
10,450
– –
EVOK
954
DELISTED
Evoke Pharma
EVOK
$364K ﹤0.01%
1,250
+278
+29% +$72K
SGYP
955
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
$305K ﹤0.01%
50,000
+10,000
+25% +$52.3K
TR icon
956
Tootsie Roll Industries
TR
$2.98B
$277K ﹤0.01%
9,371
-135
-1% -$3.76K
EXLS icon
957
EXL Service
EXLS
$5.29B
$227K ﹤0.01%
22,500
– –
AUPH icon
958
Aurinia Pharmaceuticals
AUPH
$2.11B
$53K ﹤0.01%
+25,000
New +$80.4K
AA icon
959
Alcoa
AA
$13.2B
– –
-191,019
Closed -$4.65M
ANF icon
960
Abercrombie & Fitch
ANF
$5B
– –
-27,200
Closed -$432K
AR icon
961
Antero Resources
AR
$10.7B
– –
-16,342
Closed -$440K
CYH icon
962
Community Health Systems
CYH
$423M
– –
-45,694
Closed -$527K
EDIT icon
963
Editas Medicine
EDIT
$442M
– –
-52,573
Closed -$709K
EWD icon
964
iShares MSCI Sweden ETF
EWD
$595M
– –
-360,000
Closed -$10.5M
EWI icon
965
iShares MSCI Italy ETF
EWI
$1.07B
– –
-140,000
Closed -$3.09M
EWY icon
966
iShares MSCI South Korea ETF
EWY
$24.1B
– –
-150,000
Closed -$8.72M
GES
967
DELISTED
Guess Inc
GES
– –
-24,800
Closed -$362K
IJR icon
968
iShares Core S&P Small-Cap ETF
IJR
$112B
– –
-372,000
Closed -$23.1M
NVO
969
Novo Nordisk
NVO
$209B
– –
-76,400
Closed -$1.59M
RH icon
970
RH
RH
$3.71B
– –
-15,400
Closed -$533K
XLB icon
971
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
– –
-22,000
Closed -$525K
PLXP
972
DELISTED
PLx Pharma Inc. Common Stock
PLXP
– –
-1,563
Closed -$181K
STML
973
DELISTED
Stemline Therapeutics, Inc.
STML
– –
-20,000
Closed -$217K
ASNA
974
DELISTED
Ascena Retail Group, Inc.
ASNA
– –
-3,355
Closed -$375K
DATA
975
DELISTED
Tableau Software, Inc.
DATA
– –
-13,019
Closed -$720K
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.