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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
+6.41%
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
$12.7B
AUM Growth
+$329M
Cap. Flow
-$336M
Cap. Flow %
-2.65%
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$49.6M
2
CVS icon
CVS Health
CVS
+$43.5M
3
AGNC icon
AGNC Investment
AGNC
+$41M
4
GPMT
Granite Point Mortgage Trust
GPMT
+$26.9M
5
MCHP icon
Microchip Technology
MCHP
+$19.1M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$72.5M
2
VR
Validus Hold Ltd
VR
+$39.5M
3
XYZ
Block Inc
XYZ
+$34.6M
4
DIS icon
Walt Disney
DIS
+$33.5M
5
ADBE icon
Adobe
ADBE
+$31.9M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Technology 14.55%
3 Healthcare 13.76%
4 Communication Services 10.45%
5 Industrials 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXC icon
176
Exelon
EXC
$46.5B
$11.1M 0.09%
394,519
-13,879
-3% -$399K
ALL icon
177
Allstate
ALL
$70.3B
$11M 0.09%
105,137
-4,500
-4% -$443K
TRV icon
178
Travelers Companies
TRV
$80B
$10.9M 0.09%
80,183
-3,600
-4% -$475K
DAL icon
179
Delta Air Lines
DAL
$61B
$10.8M 0.08%
192,232
-9,900
-5% -$517K
EBAY icon
180
eBay
EBAY
$47.6B
$10.7M 0.08%
284,742
-17,300
-6% -$642K
TFCFA
181
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$10.7M 0.08%
308,941
-10,500
-3% -$313K
AEP icon
182
American Electric Power
AEP
$67.8B
$10.6M 0.08%
144,181
-5,100
-3% -$381K
STT icon
183
State Street
STT
$51.2B
$10.6M 0.08%
108,657
-4,800
-4% -$459K
FIS icon
184
Fidelity National Information Services
FIS
$21.7B
$10.6M 0.08%
112,506
-3,000
-3% -$282K
APD icon
185
Air Products & Chemicals
APD
$66.5B
$10.5M 0.08%
63,902
-2,200
-3% -$350K
LUV icon
186
Southwest Airlines
LUV
$23.1B
$10.5M 0.08%
159,984
-7,100
-4% -$418K
HUM icon
187
Humana
HUM
$42.9B
$10.4M 0.08%
41,926
-1,900
-4% -$469K
EQIX icon
188
Equinix
EQIX
$103B
$10.4M 0.08%
22,938
-700
-3% -$324K
TGT icon
189
Target
TGT
$66.6B
$10.4M 0.08%
159,310
-6,400
-4% -$386K
ROST icon
190
Ross Stores
ROST
$81B
$10.4M 0.08%
129,038
-5,100
-4% -$357K
JCI icon
191
Johnson Controls International
JCI
$94B
$10.3M 0.08%
271,287
-11,600
-4% -$453K
ECL icon
192
Ecolab
ECL
$79.3B
$10.2M 0.08%
76,229
-2,800
-4% -$373K
ETN icon
193
Eaton
ETN
$175B
$10.2M 0.08%
129,108
-6,500
-5% -$505K
KMI icon
194
Kinder Morgan
KMI
$69.4B
$10.2M 0.08%
562,956
-19,600
-3% -$352K
WM icon
195
Waste Management
WM
$90.8B
$10.1M 0.08%
117,078
-5,800
-5% -$472K
PLD icon
196
Prologis
PLD
$130B
$10.1M 0.08%
156,017
-5,400
-3% -$353K
BSX icon
197
Boston Scientific
BSX
$71.8B
$9.98M 0.08%
402,496
-13,900
-3% -$383K
GIS icon
198
General Mills
GIS
$19.1B
$9.88M 0.08%
166,638
-8,500
-5% -$460K
AON icon
199
Aon
AON
$75.9B
$9.81M 0.08%
73,247
-3,900
-5% -$555K
TEL icon
200
TE Connectivity
TEL
$63B
$9.8M 0.08%
103,076
-4,200
-4% -$386K
6 7
8
9 10

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FAM
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BA
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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)
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CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
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DSA
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State of Michigan Retirement System's Q4 2017 Portfolio in Review

As of Q4 2017, State of Michigan Retirement System held 955 positions worth $12.7B, up 2.7% from $12.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2017: portfolio turnover was 2.8%. State of Michigan Retirement System opened 11 new positions and exited 16, leaving the 955-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q4 2017 buy was Granite Point Mortgage Trust: 1,478,739 shares worth $26.2M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q4 2017, an estimated $49.6M increase.
  • State of Michigan Retirement System's biggest Q4 2017 reduction was Validus Hold Ltd, cutting an estimated $39.5M.
  • State of Michigan Retirement System fully exited Honeywell in Q4 2017, selling an estimated $72.5M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.7B portfolio in Q4 2017.
  • State of Michigan Retirement System opened 11 new positions and closed 16 in Q4 2017.
  • State of Michigan Retirement System's portfolio value rose 2.7% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2017, filed 1 Feb 2018.