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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
ADI icon
201
Analog Devices
ADI
$186B
$9.62M 0.08%
108,095
-3,500
-3% -$310K
PGR icon
202
Progressive
PGR
$124B
$9.6M 0.08%
170,481
-6,100
-3% -$316K
MCK icon
203
McKesson
MCK
$98.7B
$9.53M 0.08%
61,133
-2,700
-4% -$400K
BAX icon
204
Baxter International
BAX
$14.3B
$9.5M 0.07%
146,922
-5,200
-3% -$334K
EA icon
205
Electronic Arts
EA
$9.49M 0.07%
90,306
-3,400
-4% -$378K
DXC icon
206
DXC Technology
DXC
$1.76B
$9.46M 0.07%
115,282
-3,237
-3% -$261K
MPC icon
207
Marathon Petroleum
MPC
$84.5B
$9.45M 0.07%
143,166
-10,500
-7% -$643K
FISV
208
Fiserv Inc
FISV
$27.8B
$9.34M 0.07%
142,456
-5,400
-4% -$349K
PSA icon
209
Public Storage
PSA
$61.1B
$9.17M 0.07%
43,877
-1,500
-3% -$317K
STI
210
DELISTED
SunTrust Banks, Inc.
STI
$9.02M 0.07%
139,592
-6,000
-4% -$366K
ZVO
211
DELISTED
Zovio Inc. Common Stock
ZVO
$8.82M 0.07%
1,062,956
– –
LRCX icon
212
Lam Research
LRCX
$391B
$8.74M 0.07%
474,600
-18,000
-4% -$354K
PPG icon
213
PPG Industries
PPG
$26.2B
$8.71M 0.07%
74,568
-3,300
-4% -$381K
PXD
214
DELISTED
Pioneer Natural Resource Co.
PXD
$8.63M 0.07%
49,902
-1,700
-3% -$262K
APC
215
DELISTED
Anadarko Petroleum
APC
$8.61M 0.07%
160,427
-9,600
-6% -$472K
SYY icon
216
Sysco
SYY
$40.5B
$8.53M 0.07%
140,479
-6,900
-5% -$391K
REGN icon
217
Regeneron Pharmaceuticals
REGN
$78.6B
$8.48M 0.07%
22,544
-800
-3% -$324K
EL icon
218
Estee Lauder
EL
$31.7B
$8.35M 0.07%
65,618
-2,300
-3% -$276K
SYF icon
219
Synchrony
SYF
$25.7B
$8.32M 0.07%
215,610
-11,300
-5% -$387K
DFS
220
DELISTED
Discover Financial Services
DFS
$8.2M 0.06%
106,543
-6,400
-6% -$440K
GLW icon
221
Corning
GLW
$139B
$8.15M 0.06%
254,769
-19,300
-7% -$608K
CMI icon
222
Cummins
CMI
$88.5B
$8.08M 0.06%
45,764
-2,000
-4% -$342K
YUM icon
223
Yum! Brands
YUM
$41.3B
$8.06M 0.06%
98,754
-5,900
-6% -$467K
CCL icon
224
Carnival Corporation Ltd
CCL
$40B
$7.93M 0.06%
119,560
-4,200
-3% -$278K
SRE icon
225
Sempra
SRE
$55.3B
$7.87M 0.06%
147,276
-5,200
-3% -$301K
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 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.