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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
PRU icon
151
Prudential Financial
PRU
$41.8B
$14.6M 0.12%
140,632
-11,848
-8% -$1.12M
MCO icon
152
Moody's
MCO
$82.7B
$14.5M 0.12%
154,315
-9,518
-6% -$961K
PYPL icon
153
PayPal
PYPL
$50.5B
$14.5M 0.11%
367,034
-24,652
-6% -$991K
AET
154
DELISTED
Aetna Inc
AET
$14.2M 0.11%
114,734
-7,648
-6% -$916K
RTN
155
DELISTED
Raytheon Company
RTN
$13.6M 0.11%
96,036
-6,980
-7% -$992K
NOC icon
156
Northrop Grumman
NOC
$81.2B
$13.4M 0.11%
57,617
-118,872
-67% -$27.6M
KMB icon
157
Kimberly-Clark
KMB
$36.5B
$13.4M 0.11%
117,146
-8,392
-7% -$974K
VVC
158
DELISTED
Vectren Corporation
VVC
$13.4M 0.11%
256,060
– –
CTSH icon
159
Cognizant
CTSH
$26B
$13.3M 0.11%
237,454
-35,000
-13% -$1.87M
TGT icon
160
Target
TGT
$68B
$13.3M 0.11%
183,710
-16,868
-8% -$1.22M
EPD icon
161
Enterprise Products Partners
EPD
$81.7B
$13.1M 0.1%
483,000
+50,000
+12% +$1.3M
CME icon
162
CME Group
CME
$94.8B
$12.8M 0.1%
110,977
-7,304
-6% -$813K
APC
163
DELISTED
Anadarko Petroleum
APC
$12.7M 0.1%
182,827
-7,660
-4% -$498K
ITW icon
164
Illinois Tool Works
ITW
$84.5B
$12.7M 0.1%
103,297
-8,216
-7% -$992K
JCI icon
165
Johnson Controls International
JCI
$92.2B
$12.6M 0.1%
306,287
-23,181
-7% -$1.02M
HPE icon
166
Hewlett Packard
HPE
$70.5B
$12.6M 0.1%
937,354
-60,419
-6% -$807K
PSX icon
167
Phillips 66
PSX
$81.4B
$12.5M 0.1%
144,735
-10,368
-7% -$862K
TFC icon
168
Truist Financial
TFC
$64B
$12.5M 0.1%
265,361
-18,880
-7% -$803K
ELV icon
169
Elevance Health
ELV
$85.5B
$12.4M 0.1%
86,144
-5,748
-6% -$770K
SYK icon
170
Stryker
SYK
$130B
$12.2M 0.1%
101,596
-6,796
-6% -$782K
OUT icon
171
Outfront Media
OUT
$5.5B
$12.1M 0.1%
493,502
– –
GIS icon
172
General Mills
GIS
$19.7B
$11.9M 0.09%
193,438
-14,880
-7% -$922K
DAL icon
173
Delta Air Lines
DAL
$60.1B
$11.8M 0.09%
240,832
-20,568
-8% -$938K
AMAT icon
174
Applied Materials
AMAT
$428B
$11.4M 0.09%
353,509
-23,676
-6% -$720K
MRSH
175
Marsh
MRSH
$91.5B
$11.4M 0.09%
168,601
-12,276
-7% -$823K
5 6
7
8 9

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.