We are live on ! Find out more
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
KMI icon
176
Kinder Morgan
KMI
$69.7B
$11.2M 0.09%
582,556
-716,250
-55% -$14M
ESRX
177
DELISTED
Express Scripts Holding Company
ESRX
$11.1M 0.09%
175,292
-19,800
-10% -$1.23M
EA icon
178
Electronic Arts
EA
$11.1M 0.09%
93,706
-8,200
-8% -$950K
EXC icon
179
Exelon
EXC
$46.7B
$11M 0.09%
408,398
-18,367
-4% -$491K
STT icon
180
State Street
STT
$50.8B
$10.8M 0.09%
113,457
-2,800
-2% -$261K
FIS icon
181
Fidelity National Information Services
FIS
$22.1B
$10.8M 0.09%
115,506
-7,800
-6% -$709K
HUM icon
182
Humana
HUM
$44.1B
$10.7M 0.09%
43,826
-3,600
-8% -$882K
PCG icon
183
PG&E
PCG
$37.4B
$10.6M 0.09%
155,629
-12,200
-7% -$836K
EQIX icon
184
Equinix
EQIX
$104B
$10.6M 0.09%
23,638
-2,000
-8% -$896K
INTU icon
185
Intuit
INTU
$88.1B
$10.5M 0.09%
73,884
-6,100
-8% -$842K
AEP icon
186
American Electric Power
AEP
$68.2B
$10.5M 0.08%
149,281
-12,300
-8% -$876K
MAR icon
187
Marriott International
MAR
$93.8B
$10.5M 0.08%
94,952
-7,200
-7% -$742K
REGN icon
188
Regeneron Pharmaceuticals
REGN
$79.5B
$10.4M 0.08%
23,344
-1,700
-7% -$809K
ETN icon
189
Eaton
ETN
$174B
$10.4M 0.08%
135,608
-11,400
-8% -$860K
STZ icon
190
Constellation Brands
STZ
$22.6B
$10.4M 0.08%
52,175
-4,200
-7% -$831K
C.WS.A
191
DELISTED
Citigroup Inc
C.WS.A
$10.3M 0.08%
89,144,993
– –
TRV icon
192
Travelers Companies
TRV
$80.5B
$10.3M 0.08%
83,783
-8,000
-9% -$999K
PLD icon
193
Prologis
PLD
$130B
$10.2M 0.08%
161,417
-12,900
-7% -$795K
ZVO
194
DELISTED
Zovio Inc. Common Stock
ZVO
$10.2M 0.08%
1,062,956
-46,044
-4% -$478K
ECL icon
195
Ecolab
ECL
$79.8B
$10.2M 0.08%
79,029
-6,800
-8% -$894K
ALL icon
196
Allstate
ALL
$70.8B
$10.1M 0.08%
109,637
-10,200
-9% -$927K
APD icon
197
Air Products & Chemicals
APD
$66.8B
$10M 0.08%
66,102
-5,500
-8% -$806K
MCK icon
198
McKesson
MCK
$102B
$9.8M 0.08%
63,833
-5,500
-8% -$858K
TGT icon
199
Target
TGT
$66.8B
$9.78M 0.08%
165,710
-15,600
-9% -$874K
DAL icon
200
Delta Air Lines
DAL
$60.5B
$9.75M 0.08%
202,132
-39,800
-16% -$1.98M
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 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.