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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
SKX
76
DELISTED
Skechers
SKX
$33.9M 0.27%
1,377,700
+605,000
+78% +$14M
MCD icon
77
McDonald's
MCD
$195B
$33.1M 0.26%
271,557
-26,232
-9% -$3.08M
PPG icon
78
PPG Industries
PPG
$26.6B
$32.7M 0.26%
344,568
+251,604
+271% +$24M
PARA
79
DELISTED
Paramount Global Class B
PARA
$32.6M 0.26%
511,927
-47,440
-8% -$2.81M
MDT icon
80
Medtronic
MDT
$112B
$32M 0.25%
449,038
-33,252
-7% -$2.61M
RAI
81
DELISTED
Reynolds American Inc
RAI
$31.1M 0.25%
555,614
-65,772
-11% -$3.49M
ALXN
82
DELISTED
Alexion Pharmaceuticals
ALXN
$31M 0.25%
253,378
+175,104
+224% +$21.4M
FBIN icon
83
Fortune Brands Innovations
FBIN
$6.06B
$31M 0.25%
677,856
-3,786
-0.6% -$179K
AX icon
84
Axos Financial
AX
$5.68B
$30.3M 0.24%
1,061,487
-4,000
-0.4% -$95.2K
UNP icon
85
Union Pacific
UNP
$174B
$29.5M 0.23%
284,812
-46,244
-14% -$4.55M
CELG
86
DELISTED
Celgene Corp
CELG
$29.3M 0.23%
253,552
-16,928
-6% -$1.89M
BA icon
87
Boeing
BA
$185B
$29.2M 0.23%
187,750
-14,740
-7% -$2.15M
GS icon
88
Goldman Sachs
GS
$303B
$29M 0.23%
120,950
-137,532
-53% -$27.9M
CA
89
DELISTED
CA, Inc.
CA
$28.6M 0.23%
900,680
-66,744
-7% -$2.13M
BRK.A icon
90
Berkshire Hathaway Class A
BRK.A
$1.12T
$28.3M 0.22%
116
– –
VTRS icon
91
Viatris
VTRS
$18.9B
$27.7M 0.22%
725,509
+564,916
+352% +$21M
CHRW icon
92
C.H. Robinson
CHRW
$17.5B
$27.7M 0.22%
377,629
+327,832
+658% +$23.7M
DUK icon
93
Duke Energy
DUK
$97.3B
$27.2M 0.22%
350,984
-15,052
-4% -$1.15M
KMI icon
94
Kinder Morgan
KMI
$68.7B
$26.8M 0.21%
1,295,706
-42,192
-3% -$892K
SBUX icon
95
Starbucks
SBUX
$120B
$26.4M 0.21%
475,960
-35,904
-7% -$1.99M
AGN
96
DELISTED
Allergan plc
AGN
$25.8M 0.2%
122,656
-15,496
-11% -$3.21M
CCI icon
97
Crown Castle
CCI
$32.2B
$24.3M 0.19%
279,674
+6,120
+2% +$536K
EFC
98
Ellington Financial
EFC
$1.71B
$24M 0.19%
1,544,778
– –
HE icon
99
Hawaiian Electric Industries
HE
$2.14B
$23.8M 0.19%
718,371
+200
+0% +$6.1K
LAMR icon
100
Lamar Advertising Co
LAMR
$16.3B
$23.4M 0.19%
348,300
– –
2 3
4
5 6

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.