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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
AMGN icon
76
Amgen
AMGN
$218B
$37M 0.29%
212,794
-8,600
-4% -$1.52M
XLI icon
77
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$34.8M 0.27%
459,300
+230,700
+101% +$16.8M
BRK.A icon
78
Berkshire Hathaway Class A
BRK.A
$1.12T
$34.5M 0.27%
116
– –
NVDA icon
79
NVIDIA
NVDA
$5.27T
$34.4M 0.27%
7,103,680
-180,000
-2% -$894K
MDT icon
80
Medtronic
MDT
$110B
$32M 0.25%
396,738
-14,300
-3% -$1.15M
CBRE icon
81
CBRE Group
CBRE
$42.8B
$32M 0.25%
739,032
-2,700
-0.4% -$112K
HPQ icon
82
HP
HPQ
$25.8B
$31.1M 0.25%
1,479,025
-17,200
-1% -$366K
MAN icon
83
ManpowerGroup
MAN
$2.57B
$31M 0.24%
245,730
-1,300
-0.5% -$162K
UNP icon
84
Union Pacific
UNP
$176B
$30.9M 0.24%
230,712
-12,200
-5% -$1.47M
DGX icon
85
Quest Diagnostics
DGX
$26.2B
$30.8M 0.24%
312,863
-1,400
-0.4% -$133K
AVGO icon
86
Broadcom
AVGO
$2.01T
$30.6M 0.24%
1,191,780
-42,000
-3% -$1.09M
AMAT icon
87
Applied Materials
AMAT
$422B
$30M 0.24%
587,409
-11,000
-2% -$596K
CA
88
DELISTED
CA, Inc.
CA
$29.5M 0.23%
886,180
-3,900
-0.4% -$129K
ILMN icon
89
Illumina
ILMN
$28.5B
$29.4M 0.23%
138,533
-65,278
-32% -$13.4M
FSLR icon
90
First Solar
FSLR
$26.9B
$28.5M 0.22%
421,473
-1,300
-0.3% -$76.2K
QCOM icon
91
Qualcomm
QCOM
$168B
$27.7M 0.22%
432,171
-16,200
-4% -$982K
CAT icon
92
Caterpillar
CAT
$400B
$27.5M 0.22%
174,366
-5,000
-3% -$694K
SLB icon
93
SLB Ltd
SLB
$77.6B
$27.4M 0.22%
406,072
-15,600
-4% -$1.01M
ABMD
94
DELISTED
Abiomed Inc
ABMD
$27.2M 0.21%
145,100
-45,700
-24% -$8.53M
UPS icon
95
United Parcel Service
UPS
$88.1B
$26.7M 0.21%
224,086
-7,600
-3% -$893K
TNL icon
96
Travel + Leisure Co
TNL
$4.76B
$26.3M 0.21%
503,551
-3,323
-0.7% -$165K
LMT icon
97
Lockheed Martin
LMT
$134B
$26.2M 0.21%
81,718
-2,900
-3% -$914K
GPMT
98
Granite Point Mortgage Trust
GPMT
$61.3M
$26.2M 0.21%
+1,478,739
New +$26.9M
GS icon
99
Goldman Sachs
GS
$305B
$26.2M 0.21%
102,850
-6,300
-6% -$1.55M
PYPL icon
100
PayPal
PYPL
$50.5B
$24.4M 0.19%
331,134
-11,800
-3% -$853K
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 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.