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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
TRV icon
176
Travelers Companies
TRV
$80.2B
$11.4M 0.09%
92,883
-7,684
-8% -$877K
CI icon
177
Cigna
CI
$74.6B
$11.2M 0.09%
83,928
-5,652
-6% -$740K
YHOO
178
DELISTED
Yahoo Inc
YHOO
$11.1M 0.09%
287,035
-18,520
-6% -$759K
APA icon
179
APA Corp
APA
$13.2B
$11M 0.09%
174,089
-8,356
-5% -$526K
ALL icon
180
Allstate
ALL
$67.5B
$11M 0.09%
148,837
-9,236
-6% -$650K
CSX icon
181
CSX Corp
CSX
$93.1B
$11M 0.09%
918,993
-71,412
-7% -$801K
ICE icon
182
Intercontinental Exchange
ICE
$84.4B
$11M 0.09%
194,800
-13,080
-6% -$724K
VEA icon
183
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11M 0.09%
300,000
– –
GLNG icon
184
Golar LNG
GLNG
$5.13B
$11M 0.09%
477,700
– –
TROW icon
185
T. Rowe Price
TROW
$24.3B
$10.9M 0.09%
145,461
+968
+0.7% +$68.6K
PX
186
DELISTED
Praxair Inc
PX
$10.9M 0.09%
93,345
-6,160
-6% -$732K
PSA icon
187
Public Storage
PSA
$61.3B
$10.9M 0.09%
48,777
-3,264
-6% -$695K
EXC icon
188
Exelon
EXC
$47B
$10.7M 0.09%
423,260
-28,309
-6% -$671K
KR icon
189
Kroger
KR
$34.8B
$10.7M 0.08%
308,776
-22,452
-7% -$732K
ROST icon
190
Ross Stores
ROST
$81.9B
$10.6M 0.08%
161,788
-1,496
-0.9% -$97.9K
PSO icon
191
Pearson
PSO
$9.9B
$10.4M 0.08%
1,040,100
+12,900
+1% +$125K
MCK icon
192
McKesson
MCK
$101B
$10.4M 0.08%
73,933
-142,420
-66% -$21M
FIS icon
193
Fidelity National Information Services
FIS
$22.1B
$10.3M 0.08%
136,656
-7,036
-5% -$537K
NSC icon
194
Norfolk Southern
NSC
$75.1B
$10.3M 0.08%
95,449
-6,956
-7% -$703K
APD icon
195
Air Products & Chemicals
APD
$67.6B
$10.2M 0.08%
71,102
-10,624
-13% -$1.49M
AEP icon
196
American Electric Power
AEP
$68.4B
$10.1M 0.08%
160,781
-10,816
-6% -$667K
EBAY icon
197
eBay
EBAY
$49.8B
$10.1M 0.08%
340,042
-26,444
-7% -$781K
ECL icon
198
Ecolab
ECL
$79.9B
$10.1M 0.08%
85,829
-5,724
-6% -$670K
PCG icon
199
PG&E
PCG
$38.5B
$10M 0.08%
165,329
-8,612
-5% -$516K
LUV icon
200
Southwest Airlines
LUV
$23B
$10M 0.08%
201,284
-15,192
-7% -$681K
6 7
8
9 10

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.