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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
+5.02%
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
$12.4B
AUM Growth
-$886M
Cap. Flow
-$1.43B
Cap. Flow %
-11.61%
Top 10 Hldgs %
23.49%
Holding
969
New
21
Increased
50
Reduced
850
Closed
25

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$128M
2
ALLY icon
Ally Financial
ALLY
+$52.1M
3
MCHP icon
Microchip Technology
MCHP
+$29.8M
4
DGX icon
Quest Diagnostics
DGX
+$28.6M
5
CVS icon
CVS Health
CVS
+$26.6M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$200M
2
AAPL icon
Apple
AAPL
+$187M
3
WTW icon
Willis Towers Watson
WTW
+$147M
4
GILD icon
Gilead Sciences
GILD
+$84.4M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 19.42%
2 Technology 14.12%
3 Healthcare 14.08%
4 Communication Services 10.65%
5 Industrials 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EOG icon
126
EOG Resources
EOG
$71.4B
$17M 0.14%
175,228
-14,500
-8% -$1.31M
FDX icon
127
FedEx
FDX
$74.7B
$16.9M 0.14%
74,912
-5,900
-7% -$1.26M
AIG icon
128
American International
AIG
$42.4B
$16.8M 0.14%
274,152
-14,900
-5% -$929K
BLK icon
129
Blackrock
BLK
$175B
$16.8M 0.14%
37,580
-2,300
-6% -$982K
MET icon
130
MetLife
MET
$63.7B
$16.8M 0.14%
322,485
-75,920
-19% -$3.7M
BNY
131
Bank of New York Mellon
BNY
$108B
$16.6M 0.13%
313,548
-28,200
-8% -$1.48M
RTN
132
DELISTED
Raytheon Company
RTN
$16.4M 0.13%
88,036
-7,600
-8% -$1.34M
XLI icon
133
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
$16.2M 0.13%
228,600
-32,500
-12% -$2.24M
GM icon
134
General Motors
GM
$76.3B
$16.1M 0.13%
398,020
-53,300
-12% -$1.95M
AET
135
DELISTED
Aetna Inc
AET
$16M 0.13%
100,634
-8,400
-8% -$1.31M
DHR icon
136
Danaher
DHR
$141B
$15.9M 0.13%
209,207
-381,828
-65% -$28.3M
SCHW
137
Charles Schwab
SCHW
$187B
$15.8M 0.13%
361,637
-38,300
-10% -$1.59M
SNAP icon
138
Snap
SNAP
$8.83B
$15.7M 0.13%
+1,080,756
New +$15.6M
SPG icon
139
Simon Property Group
SPG
$71.9B
$15.2M 0.12%
94,298
-8,300
-8% -$1.33M
ELV icon
140
Elevance Health
ELV
$84.9B
$15.1M 0.12%
79,644
-7,400
-9% -$1.41M
CSX icon
141
CSX Corp
CSX
$93.9B
$15M 0.12%
831,393
-78,300
-9% -$1.34M
D icon
142
Dominion Energy
D
$58.8B
$15M 0.12%
194,949
-11,800
-6% -$918K
SO icon
143
Southern Company
SO
$107B
$14.9M 0.12%
303,330
-23,500
-7% -$1.14M
OXY icon
144
Occidental Petroleum
OXY
$56B
$14.9M 0.12%
232,056
-19,200
-8% -$1.17M
CCI icon
145
Crown Castle
CCI
$31.9B
$14.8M 0.12%
148,074
-134,000
-48% -$13.7M
ATVI
146
DELISTED
Activision Blizzard
ATVI
$14.8M 0.12%
229,044
+1,200
+0.5% +$74.9K
ADP icon
147
Automatic Data Processing
ADP
$109B
$14.7M 0.12%
134,881
-25,050
-16% -$2.68M
CI icon
148
Cigna
CI
$72.7B
$14.3M 0.12%
76,428
-7,700
-9% -$1.37M
TJX icon
149
TJX Companies
TJX
$179B
$14.2M 0.12%
386,180
-36,600
-9% -$1.3M
F icon
150
Ford
F
$55B
$14.2M 0.12%
1,186,890
-98,500
-8% -$1.11M
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 Q3 2017 Portfolio in Review

As of Q3 2017, State of Michigan Retirement System held 969 positions worth $12.4B, down 6.7% from $13.2B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $1.43B in Q3 2017, closing 25 positions and reducing 850 holdings. Its most notable exit was Reynolds American Inc, an estimated $36.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in British American Tobacco worth $24.6M.

  • State of Michigan Retirement System's largest Q3 2017 buy was British American Tobacco: 393,715 shares worth $24.6M.
  • State of Michigan Retirement System added most to AGNC Investment in Q3 2017, an estimated $128M increase.
  • State of Michigan Retirement System's biggest Q3 2017 reduction was JPMorgan Chase, cutting an estimated $200M.
  • State of Michigan Retirement System fully exited Reynolds American Inc in Q3 2017, selling an estimated $36.2M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q3 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 25 in Q3 2017.
  • State of Michigan Retirement System's portfolio value fell 6.7% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2017, filed 19 Oct 2017.