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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
+5.02%
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
$12.4B
AUM Growth
-$886M
Cap. Flow
-$1.43B
Cap. Flow %
-11.61%
Top 10 Hldgs %
23.49%
Holding
969
New
21
Increased
50
Reduced
850
Closed
25

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$128M
2
ALLY icon
Ally Financial
ALLY
+$52.1M
3
MCHP icon
Microchip Technology
MCHP
+$29.8M
4
DGX icon
Quest Diagnostics
DGX
+$28.6M
5
CVS icon
CVS Health
CVS
+$26.6M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$200M
2
AAPL icon
Apple
AAPL
+$187M
3
WTW icon
Willis Towers Watson
WTW
+$147M
4
GILD icon
Gilead Sciences
GILD
+$84.4M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 19.42%
2 Technology 14.12%
3 Healthcare 14.08%
4 Communication Services 10.65%
5 Industrials 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.07T
$450M 3.64%
2,454,662
-340,500
-12% -$60.2M
AAPL icon
2
Apple
AAPL
$4.94T
$395M 3.2%
10,254,764
-4,814,476
-32% -$187M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$782B
$357M 2.89%
1,422,650
-40,000
-3% -$9.86M
VZ icon
4
Verizon
VZ
$198B
$332M 2.68%
6,699,918
-289,200
-4% -$13.6M
WFC icon
5
Wells Fargo
WFC
$264B
$246M 1.99%
4,457,597
-682,400
-13% -$36.3M
META icon
6
Meta Platforms (Facebook)
META
$1.51T
$239M 1.94%
1,400,816
-106,500
-7% -$17.8M
AFL icon
7
Aflac
AFL
$64.4B
$228M 1.85%
5,613,364
-21,000
-0.4% -$846K
MSFT icon
8
Microsoft
MSFT
$2.91T
$224M 1.82%
3,009,617
-200,100
-6% -$14.6M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.01T
$216M 1.75%
4,426,760
-358,000
-7% -$17M
JPM icon
10
JPMorgan Chase
JPM
$945B
$214M 1.73%
2,242,200
-2,172,600
-49% -$200M
PG icon
11
Procter & Gamble
PG
$347B
$212M 1.72%
2,334,803
-9,400
-0.4% -$856K
CVS icon
12
CVS Health
CVS
$138B
$191M 1.55%
2,349,640
+336,200
+17% +$26.6M
VR
13
DELISTED
Validus Hold Ltd
VR
$187M 1.51%
3,798,643
+390,000
+11% +$19.8M
GILD icon
14
Gilead Sciences
GILD
$163B
$166M 1.35%
2,054,724
-1,104,177
-35% -$84.4M
AGNC icon
15
AGNC Investment
AGNC
$12.4B
$165M 1.34%
7,614,000
+6,004,500
+373% +$128M
HD icon
16
Home Depot
HD
$336B
$160M 1.29%
977,728
-214,400
-18% -$32.9M
TWO
17
Two Harbors Investment
TWO
$1.27B
$157M 1.27%
1,950,536
– –
AMZN icon
18
Amazon
AMZN
$2.5T
$156M 1.26%
3,236,040
-188,000
-5% -$9.23M
V icon
19
Visa
V
$689B
$149M 1.2%
1,411,144
+81,400
+6% +$8.26M
JNJ icon
20
Johnson & Johnson
JNJ
$643B
$131M 1.06%
1,006,564
-70,900
-7% -$9.4M
ADBE icon
21
Adobe
ADBE
$94.6B
$106M 0.86%
709,053
-45,800
-6% -$6.84M
XOM icon
22
ExxonMobil
XOM
$641B
$105M 0.85%
1,285,832
-106,700
-8% -$8.47M
DIS icon
23
Walt Disney
DIS
$168B
$97.4M 0.79%
988,353
-266,900
-21% -$27.5M
ZTS icon
24
Zoetis
ZTS
$32.3B
$93.7M 0.76%
1,468,892
-92,400
-6% -$5.79M
ALLY icon
25
Ally Financial
ALLY
$13.3B
$91.3M 0.74%
3,762,933
+2,331,967
+163% +$52.1M
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 Q3 2017 Portfolio in Review

As of Q3 2017, State of Michigan Retirement System held 969 positions worth $12.4B, down 6.7% from $13.2B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $1.43B in Q3 2017, closing 25 positions and reducing 850 holdings. Its most notable exit was Reynolds American Inc, an estimated $36.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in British American Tobacco worth $24.6M.

  • State of Michigan Retirement System's largest Q3 2017 buy was British American Tobacco: 393,715 shares worth $24.6M.
  • State of Michigan Retirement System added most to AGNC Investment in Q3 2017, an estimated $128M increase.
  • State of Michigan Retirement System's biggest Q3 2017 reduction was JPMorgan Chase, cutting an estimated $200M.
  • State of Michigan Retirement System fully exited Reynolds American Inc in Q3 2017, selling an estimated $36.2M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q3 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 25 in Q3 2017.
  • State of Michigan Retirement System's portfolio value fell 6.7% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2017, filed 19 Oct 2017.