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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
+6.32%
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
$12.9B
AUM Growth
+$331M
Cap. Flow
-$338M
Cap. Flow %
-2.62%
Top 10 Hldgs %
25.74%
Holding
977
New
19
Increased
588
Reduced
263
Closed
32

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$100M
2
DIS icon
Walt Disney
DIS
+$63.1M
3
SHW icon
Sherwin-Williams
SHW
+$57.5M
4
ZTS icon
Zoetis
ZTS
+$35.8M
5
CELG
Celgene Corp
CELG
+$33.7M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$53.2M
2
TMO icon
Thermo Fisher Scientific
TMO
+$51.1M
3
CVS icon
CVS Health
CVS
+$49.2M
4
BMY icon
Bristol-Myers Squibb
BMY
+$48.9M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.6M

Sector Composition

Rank Sector Weight
1 Financials 20.57%
2 Technology 14.12%
3 Healthcare 12.64%
4 Communication Services 11.19%
5 Industrials 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DEO icon
951
Diageo
DEO
$53.6B
– –
-18,500
Closed -$1.92M
EXLS icon
952
EXL Service
EXLS
$5.29B
– –
-22,500
Closed -$227K
FOSL icon
953
Fossil Group
FOSL
$318M
– –
-16,900
Closed -$437K
INSM icon
954
Insmed
INSM
$28.6B
– –
-300,000
Closed -$3.97M
NOK icon
955
Nokia
NOK
$52.3B
– –
-585,800
Closed -$2.82M
NVS icon
956
Novartis
NVS
$297B
– –
-24,552
Closed -$1.6M
RNAC icon
957
Cartesian Therapeutics
RNAC
$268M
– –
-3,200
Closed -$1.65M
SCOR icon
958
Comscore
SCOR
$109M
– –
-900
Closed -$568K
TGI
959
DELISTED
Triumph Group
TGI
– –
-19,900
Closed -$527K
WT icon
960
WisdomTree
WT
$3.22B
– –
-46,100
Closed -$514K
XLV icon
961
State Street Health Care Select Sector SPDR ETF
XLV
$42.7B
– –
-45,000
Closed -$3.1M
XYZ
962
Block Inc
XYZ
$47.5B
– –
-1,422,700
Closed -$19.4M
TWTR
963
DELISTED
Twitter, Inc.
TWTR
– –
-1,038,866
Closed -$16.9M
DNR
964
DELISTED
Denbury Resources, Inc.
DNR
– –
-160,292
Closed -$590K
HZNP
965
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-405,000
Closed -$6.55M
SYNT
966
DELISTED
Syntel Inc
SYNT
– –
-24,200
Closed -$479K
MENT
967
DELISTED
Mentor Graphics Corp
MENT
– –
-44,060
Closed -$1.63M
ENH
968
DELISTED
Endurance Specialty Holdings Ltd
ENH
– –
-25,900
Closed -$2.39M
LLTC
969
DELISTED
Linear Technology Corp
LLTC
– –
-78,580
Closed -$4.9M
HAR
970
DELISTED
Harman International Industries
HAR
– –
-22,754
Closed -$2.53M
EQY
971
DELISTED
Equity One
EQY
– –
-37,400
Closed -$1.15M
CLC
972
DELISTED
Clarcor
CLC
– –
-19,600
Closed -$1.62M
SE
973
DELISTED
Spectra Energy Corp Wi
SE
– –
-229,439
Closed -$9.43M
ISIL
974
DELISTED
Intersil Corp
ISIL
– –
-55,100
Closed -$1.23M
STJ
975
DELISTED
St Jude Medical
STJ
– –
-239,472
Closed -$19.2M
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 Q1 2017 Portfolio in Review

As of Q1 2017, State of Michigan Retirement System held 977 positions worth $12.9B, up 2.6% from $12.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Michigan Retirement System's Q1 2017 filing shows 19 new, 588 increased, 263 reduced and 32 closed positions. Its largest new stake was Archer Daniels Midland: 187,600 shares worth $8.64M. The largest sale was Constellation Brands, an estimated $53.2M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2017 buy was Archer Daniels Midland: 187,600 shares worth $8.64M.
  • State of Michigan Retirement System added most to Procter & Gamble in Q1 2017, an estimated $100M increase.
  • State of Michigan Retirement System's biggest Q1 2017 reduction was Constellation Brands, cutting an estimated $53.2M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2017, selling an estimated $48.6M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $12.9B portfolio in Q1 2017.
  • State of Michigan Retirement System opened 19 new positions and closed 32 in Q1 2017.
  • State of Michigan Retirement System's portfolio value rose 2.6% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2017, filed 1 May 2017.