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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
ALLY icon
101
Ally Financial
ALLY
$13.3B
$23.4M 0.19%
1,230,966
– –
LLY icon
102
Eli Lilly
LLY
$1.06T
$23.4M 0.19%
317,738
-21,264
-6% -$1.58M
WBA
103
DELISTED
Walgreens Boots Alliance
WBA
$23.2M 0.18%
279,861
-18,556
-6% -$1.53M
AVGO icon
104
Broadcom
AVGO
$2.04T
$23M 0.18%
1,299,780
-80,720
-6% -$1.4M
CB icon
105
Chubb
CB
$135B
$22.9M 0.18%
173,477
-10,132
-6% -$1.29M
COST icon
106
Costco
COST
$420B
$22.9M 0.18%
142,936
-9,972
-7% -$1.52M
TCP
107
DELISTED
TC Pipelines LP
TCP
$22.5M 0.18%
382,500
+20,000
+6% +$1.08M
MDLZ icon
108
Mondelez International
MDLZ
$79.9B
$22.4M 0.18%
505,056
-37,852
-7% -$1.63M
NKE icon
109
Nike
NKE
$61.9B
$22.2M 0.18%
436,992
-33,572
-7% -$1.72M
LOW icon
110
Lowe's Companies
LOW
$125B
$22M 0.17%
309,975
-20,820
-6% -$1.47M
BAC.WS.B
111
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$21.6M 0.17%
22,463,400
– –
MET icon
112
MetLife
MET
$62.1B
$21.3M 0.17%
442,612
-21,336
-5% -$979K
AIG icon
113
American International
AIG
$41.3B
$21.1M 0.17%
323,284
-35,788
-10% -$2.25M
DD icon
114
DuPont de Nemours
DD
$19.2B
$21M 0.17%
144,833
-10,465
-7% -$1.46M
DD
115
DELISTED
Du Pont De Nemours E I
DD
$20.9M 0.17%
284,315
-20,820
-7% -$1.48M
CHTR icon
116
Charter Communications
CHTR
$18.2B
$20.4M 0.16%
70,800
-4,800
-6% -$1.29M
COP icon
117
ConocoPhillips
COP
$141B
$20.3M 0.16%
405,155
-27,060
-6% -$1.25M
BIIB icon
118
Biogen
BIIB
$30.7B
$20.2M 0.16%
71,177
-5,324
-7% -$1.58M
MS icon
119
Morgan Stanley
MS
$340B
$19.9M 0.16%
471,655
-42,100
-8% -$1.59M
ABT icon
120
Abbott
ABT
$187B
$19.8M 0.16%
515,511
-31,552
-6% -$1.25M
XYZ
121
Block Inc
XYZ
$47.5B
$19.4M 0.15%
1,422,700
-7,631,562
-84% -$95M
STJ
122
DELISTED
St Jude Medical
STJ
$19.2M 0.15%
239,472
-23,311
-9% -$1.85M
EOG icon
123
EOG Resources
EOG
$70.7B
$19.1M 0.15%
188,528
-3,632
-2% -$354K
NCMI icon
124
National CineMedia
NCMI
$378M
$19M 0.15%
129,100
– –
ZVO
125
DELISTED
Zovio Inc. Common Stock
ZVO
$18.6M 0.15%
1,837,754
– –
3 4
5
6 7

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.