We are live on ! Find out more
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
PNC icon
126
PNC Financial Services
PNC
$101B
$18.6M 0.15%
159,076
-12,416
-7% -$1.29M
SPG icon
127
Simon Property Group
SPG
$72.3B
$18.3M 0.14%
102,798
-6,844
-6% -$1.27M
NEE icon
128
NextEra Energy
NEE
$177B
$18.3M 0.14%
611,092
-41,120
-6% -$1.23M
ILMN icon
129
Illumina
ILMN
$28.4B
$17.9M 0.14%
143,982
+90,012
+167% +$12.1M
ADP icon
130
Automatic Data Processing
ADP
$108B
$17.8M 0.14%
173,281
-11,612
-6% -$1.08M
OXY icon
131
Occidental Petroleum
OXY
$55.9B
$17.8M 0.14%
249,956
-16,684
-6% -$1.18M
CAT icon
132
Caterpillar
CAT
$387B
$17.7M 0.14%
191,366
-12,488
-6% -$1.13M
WPC icon
133
W.P. Carey
WPC
$16.4B
$17.7M 0.14%
305,485
– –
SO icon
134
Southern Company
SO
$107B
$17.4M 0.14%
353,930
-21,060
-6% -$1.03M
NFLX icon
135
Netflix
NFLX
$309B
$17.4M 0.14%
1,403,340
-93,280
-6% -$1.11M
KHC icon
136
Kraft Heinz
KHC
$30B
$17M 0.14%
195,046
-12,856
-6% -$1.1M
TWTR
137
DELISTED
Twitter, Inc.
TWTR
$16.9M 0.13%
1,038,866
– –
BNY
138
Bank of New York Mellon
BNY
$107B
$16.4M 0.13%
345,748
-26,884
-7% -$1.21M
GM icon
139
General Motors
GM
$76.8B
$15.8M 0.13%
453,620
-42,380
-9% -$1.42M
D icon
140
Dominion Energy
D
$59.3B
$15.7M 0.12%
204,949
-13,464
-6% -$992K
SCHW
141
Charles Schwab
SCHW
$187B
$15.6M 0.12%
394,537
-25,680
-6% -$918K
GSK icon
142
GSK
GSK
$106B
$15.6M 0.12%
323,200
– –
F icon
143
Ford
F
$55.7B
$15.5M 0.12%
1,276,390
-85,548
-6% -$1.04M
COF icon
144
Capital One
COF
$134B
$15.4M 0.12%
176,248
-18,908
-10% -$1.52M
ESRX
145
DELISTED
Express Scripts Holding Company
ESRX
$15.3M 0.12%
222,692
-11,236
-5% -$805K
HAL icon
146
Halliburton
HAL
$26.6B
$15.3M 0.12%
282,679
-17,828
-6% -$889K
BLK icon
147
Blackrock
BLK
$176B
$15.1M 0.12%
39,780
-2,780
-7% -$1.02M
MON
148
DELISTED
Monsanto Co
MON
$15.1M 0.12%
143,263
-9,472
-6% -$971K
FDX icon
149
FedEx
FDX
$75.4B
$14.9M 0.12%
79,912
-5,384
-6% -$988K
AMT icon
150
American Tower
AMT
$80.4B
$14.7M 0.12%
139,226
-9,304
-6% -$1.01M
4 5
6
7 8

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.