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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
NFLX icon
101
Netflix
NFLX
$309B
$24.3M 0.19%
1,268,340
-42,000
-3% -$809K
NKE icon
102
Nike
NKE
$63B
$24.1M 0.19%
385,192
-13,500
-3% -$776K
LLY icon
103
Eli Lilly
LLY
$1.07T
$24M 0.19%
284,038
-10,000
-3% -$851K
SBUX icon
104
Starbucks
SBUX
$119B
$24M 0.19%
417,060
-21,100
-5% -$1.19M
LOW icon
105
Lowe's Companies
LOW
$122B
$23.9M 0.19%
256,925
-12,000
-4% -$992K
COST icon
106
Costco
COST
$423B
$23.8M 0.19%
128,136
-5,000
-4% -$863K
BAC.WS.B
107
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$23.5M 0.19%
10,986,671
– –
APTV icon
108
Aptiv
APTV
$9.81B
$23.3M 0.18%
274,522
-3,100
-1% -$295K
EFC
109
Ellington Financial
EFC
$1.66B
$22.4M 0.18%
1,544,778
– –
NEE icon
110
NextEra Energy
NEE
$178B
$21.5M 0.17%
551,492
-16,800
-3% -$649K
RCL icon
111
Royal Caribbean
RCL
$86.9B
$21.5M 0.17%
180,172
+128,000
+245% +$15.8M
MS icon
112
Morgan Stanley
MS
$343B
$21.4M 0.17%
408,055
-21,100
-5% -$1.07M
CRM icon
113
Salesforce
CRM
$152B
$20.6M 0.16%
201,156
-6,000
-3% -$611K
PNC icon
114
PNC Financial Services
PNC
$102B
$20.1M 0.16%
139,476
-5,900
-4% -$815K
CB icon
115
Chubb
CB
$136B
$19.9M 0.16%
136,077
-5,200
-4% -$777K
BIIB icon
116
Biogen
BIIB
$30.5B
$19.7M 0.16%
61,977
-2,200
-3% -$706K
DUK icon
117
Duke Energy
DUK
$96.3B
$19.7M 0.16%
234,484
-7,200
-3% -$629K
MCO icon
118
Moody's
MCO
$82.7B
$19.6M 0.15%
132,915
-6,000
-4% -$879K
CL icon
119
Colgate-Palmolive
CL
$74.4B
$19.4M 0.15%
257,384
-9,900
-4% -$723K
COP icon
120
ConocoPhillips
COP
$141B
$19.2M 0.15%
350,455
-18,800
-5% -$967K
TPR icon
121
Tapestry
TPR
$32.8B
$19.2M 0.15%
433,347
-2,400
-0.6% -$98.9K
CHTR icon
122
Charter Communications
CHTR
$18.1B
$19.1M 0.15%
56,800
-4,200
-7% -$1.43M
MDLZ icon
123
Mondelez International
MDLZ
$80.3B
$18.7M 0.15%
438,056
-19,400
-4% -$815K
BLK icon
124
Blackrock
BLK
$175B
$18.6M 0.15%
36,180
-1,400
-4% -$681K
WBA
125
DELISTED
Walgreens Boots Alliance
WBA
$18.5M 0.15%
254,461
-24,800
-9% -$1.75M
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 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.