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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
PXD
201
DELISTED
Pioneer Natural Resource Co.
PXD
$9.99M 0.08%
55,502
-3,652
-6% -$669K
HUM icon
202
Humana
HUM
$46.2B
$9.94M 0.08%
48,726
-3,264
-6% -$623K
ETN icon
203
Eaton
ETN
$174B
$9.91M 0.08%
147,708
-10,988
-7% -$721K
DE icon
204
Deere & Co
DE
$168B
$9.74M 0.08%
94,554
-6,408
-6% -$603K
TFCFA
205
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$9.71M 0.08%
346,241
-25,136
-7% -$676K
FISV
206
Fiserv Inc
FISV
$27.9B
$9.7M 0.08%
182,456
-11,296
-6% -$580K
BSX icon
207
Boston Scientific
BSX
$71.5B
$9.63M 0.08%
445,296
-29,640
-6% -$647K
AON icon
208
Aon
AON
$76B
$9.6M 0.08%
86,047
-6,672
-7% -$744K
AZO icon
209
AutoZone
AZO
$51.1B
$9.51M 0.08%
12,039
-708
-6% -$545K
NGG icon
210
National Grid
NGG
$81.3B
$9.49M 0.08%
168,642
-1
-0% -$59
WM icon
211
Waste Management
WM
$91B
$9.43M 0.07%
132,978
-9,040
-6% -$605K
SE
212
DELISTED
Spectra Energy Corp Wi
SE
$9.43M 0.07%
229,439
-15,220
-6% -$631K
LYB icon
213
LyondellBasell Industries
LYB
$19.2B
$9.38M 0.07%
109,304
-9,628
-8% -$808K
BAX icon
214
Baxter International
BAX
$14.2B
$9.33M 0.07%
210,422
-10,692
-5% -$494K
SYF icon
215
Synchrony
SYF
$25.6B
$9.3M 0.07%
256,410
-20,068
-7% -$641K
DFS
216
DELISTED
Discover Financial Services
DFS
$9.3M 0.07%
128,943
-11,892
-8% -$756K
STT icon
217
State Street
STT
$50.7B
$9.21M 0.07%
118,557
-9,388
-7% -$707K
INTU icon
218
Intuit
INTU
$89B
$9.14M 0.07%
79,784
-5,784
-7% -$648K
GMLP
219
DELISTED
Golar LNG Partners LP
GMLP
$9.13M 0.07%
380,000
– –
PLD icon
220
Prologis
PLD
$133B
$9.13M 0.07%
172,917
-10,996
-6% -$559K
SYY icon
221
Sysco
SYY
$40.3B
$9.11M 0.07%
164,579
-13,680
-8% -$711K
REGN icon
222
Regeneron Pharmaceuticals
REGN
$80.8B
$9.08M 0.07%
24,744
-84,456
-77% -$32.1M
OMC icon
223
Omnicom Group
OMC
$23.4B
$9.06M 0.07%
106,418
-30,988
-23% -$2.6M
BHI
224
DELISTED
Baker Hughes
BHI
$8.98M 0.07%
138,301
-11,028
-7% -$655K
STI
225
DELISTED
SunTrust Banks, Inc.
STI
$8.8M 0.07%
160,492
-14,536
-8% -$726K
7 8
9
10 11

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.