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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
+6.32%
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
$12.9B
AUM Growth
+$331M
Cap. Flow
-$338M
Cap. Flow %
-2.62%
Top 10 Hldgs %
25.74%
Holding
977
New
19
Increased
588
Reduced
263
Closed
32

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$100M
2
DIS icon
Walt Disney
DIS
+$63.1M
3
SHW icon
Sherwin-Williams
SHW
+$57.5M
4
ZTS icon
Zoetis
ZTS
+$35.8M
5
CELG
Celgene Corp
CELG
+$33.7M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$53.2M
2
TMO icon
Thermo Fisher Scientific
TMO
+$51.1M
3
CVS icon
CVS Health
CVS
+$49.2M
4
BMY icon
Bristol-Myers Squibb
BMY
+$48.9M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.6M

Sector Composition

Rank Sector Weight
1 Financials 20.57%
2 Technology 14.12%
3 Healthcare 12.64%
4 Communication Services 11.19%
5 Industrials 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
126
Salesforce
CRM
$153B
$17.7M 0.14%
215,156
-480,352
-69% -$38.4M
MCO icon
127
Moody's
MCO
$81.9B
$17.1M 0.13%
152,615
-1,700
-1% -$182K
AMT icon
128
American Tower
AMT
$79.8B
$17.1M 0.13%
140,326
+1,100
+0.8% +$121K
GSK icon
129
GSK
GSK
$104B
$17M 0.13%
323,200
– –
ADP icon
130
Automatic Data Processing
ADP
$109B
$16.4M 0.13%
160,331
-12,950
-7% -$1.32M
NCMI icon
131
National CineMedia
NCMI
$378M
$16.3M 0.13%
129,100
– –
SCHW
132
Charles Schwab
SCHW
$187B
$16.3M 0.13%
399,037
+4,500
+1% +$186K
SO icon
133
Southern Company
SO
$107B
$16.2M 0.13%
325,530
-28,400
-8% -$1.4M
BNY
134
Bank of New York Mellon
BNY
$108B
$16.1M 0.12%
340,748
-5,000
-1% -$234K
D icon
135
Dominion Energy
D
$58.8B
$16M 0.12%
206,349
+1,400
+0.7% +$106K
OXY icon
136
Occidental Petroleum
OXY
$56B
$15.9M 0.12%
251,056
+1,100
+0.4% +$73.2K
PYPL icon
137
PayPal
PYPL
$51.1B
$15.9M 0.12%
368,934
+1,900
+0.5% +$79.5K
GM icon
138
General Motors
GM
$76.3B
$15.8M 0.12%
447,720
-5,900
-1% -$216K
FDX icon
139
FedEx
FDX
$74.7B
$15.7M 0.12%
80,512
+600
+0.8% +$115K
KMB icon
140
Kimberly-Clark
KMB
$36.1B
$15.4M 0.12%
116,846
-300
-0.3% -$37.8K
BLK icon
141
Blackrock
BLK
$175B
$15.3M 0.12%
39,980
+200
+0.5% +$76.5K
PRU icon
142
Prudential Financial
PRU
$41.9B
$15.1M 0.12%
141,232
+600
+0.4% +$64.7K
VVC
143
DELISTED
Vectren Corporation
VVC
$15M 0.12%
256,360
+300
+0.1% +$16.6K
F icon
144
Ford
F
$55B
$14.9M 0.12%
1,282,190
+5,800
+0.5% +$72.1K
AET
145
DELISTED
Aetna Inc
AET
$14.7M 0.11%
115,534
+800
+0.7% +$100K
RTN
146
DELISTED
Raytheon Company
RTN
$14.7M 0.11%
96,236
+200
+0.2% +$30.1K
ELV icon
147
Elevance Health
ELV
$84.9B
$14.4M 0.11%
86,844
+700
+0.8% +$111K
CSX icon
148
CSX Corp
CSX
$93.9B
$14.2M 0.11%
912,993
-6,000
-0.7% -$91.4K
HAL icon
149
Halliburton
HAL
$27.1B
$14M 0.11%
284,779
+2,100
+0.7% +$113K
AMAT icon
150
Applied Materials
AMAT
$419B
$13.8M 0.11%
354,709
+1,200
+0.3% +$43.1K
4 5
6
7 8

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FAM
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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
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Capital Fund Management (CFM)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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State of Michigan Retirement System's Q1 2017 Portfolio in Review

As of Q1 2017, State of Michigan Retirement System held 977 positions worth $12.9B, up 2.6% from $12.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Michigan Retirement System's Q1 2017 filing shows 19 new, 588 increased, 263 reduced and 32 closed positions. Its largest new stake was Archer Daniels Midland: 187,600 shares worth $8.64M. The largest sale was Constellation Brands, an estimated $53.2M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2017 buy was Archer Daniels Midland: 187,600 shares worth $8.64M.
  • State of Michigan Retirement System added most to Procter & Gamble in Q1 2017, an estimated $100M increase.
  • State of Michigan Retirement System's biggest Q1 2017 reduction was Constellation Brands, cutting an estimated $53.2M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2017, selling an estimated $48.6M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $12.9B portfolio in Q1 2017.
  • State of Michigan Retirement System opened 19 new positions and closed 32 in Q1 2017.
  • State of Michigan Retirement System's portfolio value rose 2.6% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2017, filed 1 May 2017.