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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+6.25%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AAPL icon
1
Apple
AAPL
$4.95T
$505M 4.01%
17,458,040
-601,360
-3% -$17M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.07T
$462M 3.67%
2,837,162
+225,096
+9% +$34.7M
JPM icon
3
JPMorgan Chase
JPM
$947B
$403M 3.2%
4,667,400
+117,160
+3% +$8.93M
VZ icon
4
Verizon
VZ
$198B
$375M 2.98%
7,028,218
-224,572
-3% -$11.2M
WFC icon
5
Wells Fargo
WFC
$264B
$305M 2.42%
5,535,597
-1,034,004
-16% -$52M
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$304M 2.41%
1,359,450
+315,000
+30% +$68.8M
GILD icon
7
Gilead Sciences
GILD
$162B
$217M 1.72%
3,032,301
-25,988
-0.8% -$1.93M
MSFT icon
8
Microsoft
MSFT
$2.89T
$205M 1.63%
3,302,217
-401,752
-11% -$24.2M
AFL icon
9
Aflac
AFL
$64.4B
$200M 1.59%
5,759,124
-18,928
-0.3% -$666K
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$3.99T
$189M 1.5%
4,762,760
-123,600
-3% -$4.94M
META icon
11
Meta Platforms (Facebook)
META
$1.51T
$189M 1.5%
1,639,716
+12,816
+0.8% +$1.57M
VR
12
DELISTED
Validus Hold Ltd
VR
$188M 1.49%
3,408,643
– –
HD icon
13
Home Depot
HD
$335B
$181M 1.44%
1,352,628
+7,788
+0.6% +$1M
CVS icon
14
CVS Health
CVS
$137B
$162M 1.29%
2,056,440
-254,360
-11% -$20.6M
AMZN icon
15
Amazon
AMZN
$2.49T
$142M 1.13%
3,796,040
-176,960
-4% -$6.93M
V icon
16
Visa
V
$689B
$142M 1.13%
1,821,744
-203,336
-10% -$16.3M
TWO
17
Two Harbors Investment
TWO
$1.27B
$136M 1.08%
1,950,536
– –
JNJ icon
18
Johnson & Johnson
JNJ
$641B
$131M 1.04%
1,135,434
+94,704
+9% +$10.9M
WTW icon
19
Willis Towers Watson
WTW
$28.6B
$125M 0.99%
1,025,455
-3,200
-0.3% -$399K
XOM icon
20
ExxonMobil
XOM
$642B
$124M 0.98%
1,369,332
-91,032
-6% -$7.95M
T icon
21
AT&T
T
$167B
$120M 0.95%
3,726,609
-96,948
-3% -$2.86M
GE icon
22
GE Aerospace
GE
$375B
$109M 0.86%
718,645
-48,916
-6% -$7.11M
PFE icon
23
Pfizer
PFE
$141B
$101M 0.8%
3,267,427
+328,611
+11% +$10M
BMY icon
24
Bristol-Myers Squibb
BMY
$128B
$99.8M 0.79%
1,707,217
+425,364
+33% +$23.3M
TMO icon
25
Thermo Fisher Scientific
TMO
$208B
$96.2M 0.76%
681,631
-118,772
-15% -$17.5M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.