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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
KHC icon
151
Kraft Heinz
KHC
$29.6B
$14M 0.11%
181,146
-14,900
-8% -$1.25M
CME icon
152
CME Group
CME
$95B
$14M 0.11%
103,177
-8,500
-8% -$1.07M
ITW icon
153
Illinois Tool Works
ITW
$84.8B
$13.9M 0.11%
93,997
-8,200
-8% -$1.17M
PRU icon
154
Prudential Financial
PRU
$41.9B
$13.8M 0.11%
129,532
-11,500
-8% -$1.23M
MU icon
155
Micron Technology
MU
$996B
$13.3M 0.11%
338,044
-3,700
-1% -$117K
MRSH
156
Marsh
MRSH
$92.2B
$13M 0.11%
155,501
-13,900
-8% -$1.1M
VEA icon
157
Vanguard FTSE Developed Markets ETF
VEA
$234B
$13M 0.11%
300,000
– –
CTSH icon
158
Cognizant
CTSH
$25.6B
$13M 0.11%
179,254
-14,300
-7% -$1M
RPT
159
Rithm Property Trust
RPT
$94.2M
$12.7M 0.1%
155,252
-5,175
-3% -$424K
KMB icon
160
Kimberly-Clark
KMB
$36.1B
$12.6M 0.1%
107,246
-9,400
-8% -$1.15M
COF icon
161
Capital One
COF
$135B
$12.4M 0.1%
146,748
-12,000
-8% -$989K
ICE icon
162
Intercontinental Exchange
ICE
$84.1B
$12.3M 0.1%
178,600
-16,000
-8% -$1.05M
EMR icon
163
Emerson Electric
EMR
$87.5B
$12.2M 0.1%
194,223
-468,900
-71% -$28.3M
DE icon
164
Deere & Co
DE
$166B
$12.2M 0.1%
97,054
+300
+0.3% +$37K
BSX icon
165
Boston Scientific
BSX
$71.4B
$12.1M 0.1%
416,396
-33,700
-7% -$931K
PX
166
DELISTED
Praxair Inc
PX
$12.1M 0.1%
86,845
-7,100
-8% -$946K
HAL icon
167
Halliburton
HAL
$27.1B
$12.1M 0.1%
263,379
-21,800
-8% -$913K
PSX icon
168
Phillips 66
PSX
$82.4B
$11.9M 0.1%
130,335
-13,800
-10% -$1.17M
ISRG icon
169
Intuitive Surgical
ISRG
$132B
$11.9M 0.1%
102,204
-7,200
-7% -$784K
VRTX icon
170
Vertex Pharmaceuticals
VRTX
$123B
$11.6M 0.09%
76,468
-5,400
-7% -$813K
EBAY icon
171
eBay
EBAY
$48.9B
$11.6M 0.09%
302,042
-28,800
-9% -$1.05M
NSC icon
172
Norfolk Southern
NSC
$76.9B
$11.6M 0.09%
87,449
-7,800
-8% -$948K
TFC icon
173
Truist Financial
TFC
$64.2B
$11.5M 0.09%
245,261
-21,400
-8% -$984K
JCI icon
174
Johnson Controls International
JCI
$93.6B
$11.4M 0.09%
282,887
-25,400
-8% -$1.03M
AON icon
175
Aon
AON
$76.5B
$11.3M 0.09%
77,147
-9,000
-10% -$1.26M
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 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.