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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
+6.41%
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
$12.7B
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
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.07T
$474M 3.74%
2,389,962
-64,700
-3% -$12.3M
AAPL icon
2
Apple
AAPL
$4.89T
$437M 3.44%
10,317,564
+62,800
+0.6% +$2.62M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$380M 2.99%
1,422,650
– –
VZ icon
4
Verizon
VZ
$194B
$352M 2.78%
6,657,818
-42,100
-0.6% -$2.07M
WFC icon
5
Wells Fargo
WFC
$261B
$267M 2.11%
4,400,997
-56,600
-1% -$3.2M
MSFT icon
6
Microsoft
MSFT
$2.84T
$251M 1.98%
2,933,817
-75,800
-3% -$6.22M
AFL icon
7
Aflac
AFL
$63.9B
$246M 1.94%
5,603,964
-9,400
-0.2% -$401K
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$244M 1.92%
1,380,616
-20,200
-1% -$3.57M
JPM icon
9
JPMorgan Chase
JPM
$939B
$234M 1.85%
2,191,400
-50,800
-2% -$5.14M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$3.91T
$230M 1.81%
4,364,760
-62,000
-1% -$3.2M
CVS icon
11
CVS Health
CVS
$137B
$214M 1.69%
2,948,140
+598,500
+25% +$43.5M
PG icon
12
Procter & Gamble
PG
$343B
$203M 1.6%
2,207,903
-126,900
-5% -$11.4M
GILD icon
13
Gilead Sciences
GILD
$161B
$194M 1.53%
2,707,724
+653,000
+32% +$49.6M
AGNC icon
14
AGNC Investment
AGNC
$12.3B
$194M 1.53%
9,605,800
+1,991,800
+26% +$41M
AMZN icon
15
Amazon
AMZN
$2.5T
$185M 1.46%
3,160,040
-76,000
-2% -$4.18M
HD icon
16
Home Depot
HD
$332B
$182M 1.44%
962,328
-15,400
-2% -$2.66M
V icon
17
Visa
V
$677B
$180M 1.42%
1,579,544
+168,400
+12% +$18.6M
VR
18
DELISTED
Validus Hold Ltd
VR
$141M 1.11%
2,998,643
-800,000
-21% -$39.5M
JNJ icon
19
Johnson & Johnson
JNJ
$635B
$137M 1.08%
979,564
-27,000
-3% -$3.76M
TWO
20
Two Harbors Investment
TWO
$1.27B
$127M 1%
1,950,536
– –
ALLY icon
21
Ally Financial
ALLY
$13.1B
$110M 0.87%
3,762,933
– –
ZTS icon
22
Zoetis
ZTS
$31.6B
$105M 0.83%
1,462,792
-6,100
-0.4% -$419K
XOM icon
23
ExxonMobil
XOM
$651B
$104M 0.82%
1,242,132
-43,700
-3% -$3.61M
INTC icon
24
Intel
INTC
$466B
$94.4M 0.74%
2,045,111
-54,000
-3% -$2.36M
GOOG icon
25
Alphabet (Google) Class C
GOOG
$3.9T
$92.6M 0.73%
1,770,340
-62,000
-3% -$3.16M
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 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.