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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
+6.32%
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
$12.9B
AUM Growth
+$331M
Cap. Flow
-$338M
Cap. Flow %
-2.62%
Top 10 Hldgs %
25.74%
Holding
977
New
19
Increased
588
Reduced
263
Closed
32

Top Buys

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$100M
2
DIS icon
Walt Disney
DIS
+$63.1M
3
SHW icon
Sherwin-Williams
SHW
+$57.5M
4
ZTS icon
Zoetis
ZTS
+$35.8M
5
CELG
Celgene Corp
CELG
+$33.7M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$53.2M
2
TMO icon
Thermo Fisher Scientific
TMO
+$51.1M
3
CVS icon
CVS Health
CVS
+$49.2M
4
BMY icon
Bristol-Myers Squibb
BMY
+$48.9M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$48.6M

Sector Composition

Rank Sector Weight
1 Financials 20.57%
2 Technology 14.12%
3 Healthcare 12.64%
4 Communication Services 11.19%
5 Industrials 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.93T
$609M 4.71%
16,948,840
-509,200
-3% -$16.8M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.07T
$466M 3.6%
2,794,862
-42,300
-1% -$7.08M
JPM icon
3
JPMorgan Chase
JPM
$942B
$410M 3.17%
4,670,500
+3,100
+0.1% +$273K
VZ icon
4
Verizon
VZ
$198B
$341M 2.63%
6,987,318
-40,900
-0.6% -$2.05M
SPY icon
5
State Street SPDR S&P 500 ETF Trust
SPY
$780B
$320M 2.48%
1,359,450
– –
WFC icon
6
Wells Fargo
WFC
$264B
$305M 2.36%
5,480,997
-54,600
-1% -$3.1M
META icon
7
Meta Platforms (Facebook)
META
$1.51T
$236M 1.82%
1,659,116
+19,400
+1% +$2.59M
HD icon
8
Home Depot
HD
$336B
$216M 1.67%
1,470,028
+117,400
+9% +$16.7M
GILD icon
9
Gilead Sciences
GILD
$163B
$216M 1.67%
3,175,801
+143,500
+5% +$10.1M
MSFT icon
10
Microsoft
MSFT
$2.92T
$211M 1.63%
3,210,717
-91,500
-3% -$5.86M
AFL icon
11
Aflac
AFL
$64.4B
$204M 1.58%
5,637,164
-121,960
-2% -$4.32M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$3.99T
$203M 1.57%
4,780,760
+18,000
+0.4% +$757K
PG icon
13
Procter & Gamble
PG
$347B
$197M 1.52%
2,193,303
+1,132,600
+107% +$100M
VR
14
DELISTED
Validus Hold Ltd
VR
$192M 1.49%
3,408,643
– –
DIS icon
15
Walt Disney
DIS
$168B
$154M 1.19%
1,355,053
+573,000
+73% +$63.1M
AMZN icon
16
Amazon
AMZN
$2.49T
$152M 1.17%
3,418,040
-378,000
-10% -$15.8M
TWO
17
Two Harbors Investment
TWO
$1.27B
$150M 1.16%
1,950,536
– –
JNJ icon
18
Johnson & Johnson
JNJ
$647B
$135M 1.04%
1,083,364
-52,070
-5% -$6.22M
WTW icon
19
Willis Towers Watson
WTW
$28.5B
$134M 1.04%
1,025,455
– –
V icon
20
Visa
V
$690B
$118M 0.92%
1,333,344
-488,400
-27% -$42M
ADBE icon
21
Adobe
ADBE
$95.6B
$114M 0.88%
877,153
+200
+0% +$23.5K
T icon
22
AT&T
T
$168B
$113M 0.87%
3,602,682
-123,927
-3% -$3.9M
CVS icon
23
CVS Health
CVS
$137B
$113M 0.87%
1,439,540
-616,900
-30% -$49.2M
XOM icon
24
ExxonMobil
XOM
$641B
$112M 0.86%
1,362,032
-7,300
-0.5% -$610K
PFE icon
25
Pfizer
PFE
$142B
$105M 0.81%
3,236,334
-31,093
-1% -$980K
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 Q1 2017 Portfolio in Review

As of Q1 2017, State of Michigan Retirement System held 977 positions worth $12.9B, up 2.6% from $12.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Michigan Retirement System's Q1 2017 filing shows 19 new, 588 increased, 263 reduced and 32 closed positions. Its largest new stake was Archer Daniels Midland: 187,600 shares worth $8.64M. The largest sale was Constellation Brands, an estimated $53.2M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2017 buy was Archer Daniels Midland: 187,600 shares worth $8.64M.
  • State of Michigan Retirement System added most to Procter & Gamble in Q1 2017, an estimated $100M increase.
  • State of Michigan Retirement System's biggest Q1 2017 reduction was Constellation Brands, cutting an estimated $53.2M.
  • State of Michigan Retirement System fully exited iShares Core US Aggregate Bond ETF in Q1 2017, selling an estimated $48.6M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $12.9B portfolio in Q1 2017.
  • State of Michigan Retirement System opened 19 new positions and closed 32 in Q1 2017.
  • State of Michigan Retirement System's portfolio value rose 2.6% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q1 2017, filed 1 May 2017.