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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
+3.91%
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
-$93.8M
Cap. Flow
-$464M
Cap. Flow %
-3.66%
Top 10 Hldgs %
23.31%
Holding
990
New
23
Increased
560
Reduced
296
Closed
25

Top Buys

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$118M
2
VZ icon
Verizon
VZ
+$87.7M
3
CVS icon
CVS Health
CVS
+$75.8M
4
GILD icon
Gilead Sciences
GILD
+$30.6M
5
TWX
Time Warner Inc
TWX
+$25.9M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$248M
2
WFC icon
Wells Fargo
WFC
+$134M
3
TSLA icon
Tesla
TSLA
+$72.1M
4
MSFT icon
Microsoft
MSFT
+$53.6M
5
AAPL icon
Apple
AAPL
+$48.9M

Sector Composition

Rank Sector Weight
1 Financials 19.25%
2 Technology 15.25%
3 Healthcare 14.33%
4 Communication Services 10.83%
5 Industrials 8.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUM icon
226
Humana
HUM
$46.2B
$9.2M 0.07%
51,990
+200
+0.4% +$34.7K
ZBH icon
227
Zimmer Biomet
ZBH
$18.4B
$9.08M 0.07%
71,897
+618
+0.9% +$76.4K
WM icon
228
Waste Management
WM
$91B
$9.05M 0.07%
142,018
-1,500
-1% -$98.1K
SSYS icon
229
Stratasys
SSYS
$774M
$9.02M 0.07%
374,603
+298,000
+389% +$6.49M
TFCFA
230
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$8.99M 0.07%
371,377
-9,300
-2% -$238K
EA
231
DELISTED
Electronic Arts
EA
$8.96M 0.07%
104,982
+200
+0.2% +$16K
EW icon
232
Edwards Lifesciences
EW
$51.7B
$8.96M 0.07%
222,924
+2,100
+1% +$79.1K
SWK icon
233
Stanley Black & Decker
SWK
$15.7B
$8.95M 0.07%
72,736
-218,900
-75% -$26.4M
EQIX icon
234
Equinix
EQIX
$103B
$8.94M 0.07%
24,822
+700
+3% +$260K
APH icon
235
Amphenol
APH
$209B
$8.92M 0.07%
549,696
+3,200
+0.6% +$48.6K
STT icon
236
State Street
STT
$50.7B
$8.91M 0.07%
127,945
-9,600
-7% -$627K
NWL icon
237
Newell Brands
NWL
$2.56B
$8.86M 0.07%
168,243
+9,600
+6% +$496K
SYY icon
238
Sysco
SYY
$40.3B
$8.74M 0.07%
178,259
-3,800
-2% -$195K
EWY icon
239
iShares MSCI South Korea ETF
EWY
$24.1B
$8.72M 0.07%
150,000
– –
VTR icon
240
Ventas
VTR
$47.9B
$8.66M 0.07%
122,582
+5,100
+4% +$370K
DE icon
241
Deere & Co
DE
$168B
$8.62M 0.07%
100,962
-2,700
-3% -$221K
GLW icon
242
Corning
GLW
$143B
$8.56M 0.07%
361,821
-11,700
-3% -$261K
AVB icon
243
AvalonBay Communities
AVB
$26.8B
$8.52M 0.07%
47,919
+300
+0.6% +$54K
LUV icon
244
Southwest Airlines
LUV
$23B
$8.42M 0.07%
216,476
-5,400
-2% -$205K
WY icon
245
Weyerhaeuser
WY
$18.4B
$8.35M 0.07%
261,329
+1,800
+0.7% +$56.9K
LH icon
246
Labcorp
LH
$25.9B
$8.32M 0.07%
70,437
+18,158
+35% +$2.14M
BG icon
247
Bunge Global
BG
$20.8B
$8.27M 0.07%
139,600
+84,600
+154% +$5.26M
EIX icon
248
Edison International
EIX
$26.4B
$8.21M 0.06%
113,696
+500
+0.4% +$37.5K
EQR icon
249
Equity Residential
EQR
$25.1B
$8.21M 0.06%
127,567
+600
+0.5% +$40K
PPL
250
PPL Corp
PPL
$26.7B
$8.18M 0.06%
236,650
+1,500
+0.6% +$54K
8 9
10
11 12

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 Q3 2016 Portfolio in Review

As of Q3 2016, State of Michigan Retirement System held 990 positions worth $12.7B, down 0.73% from $12.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $464M in Q3 2016, closing 25 positions and reducing 296 holdings. Its most notable exit was Tesla, an estimated $72.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% 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 Charter Communications worth $20.4M.

  • State of Michigan Retirement System's largest Q3 2016 buy was Charter Communications: 75,600 shares worth $20.4M.
  • State of Michigan Retirement System added most to JPMorgan Chase in Q3 2016, an estimated $118M increase.
  • State of Michigan Retirement System's biggest Q3 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $248M.
  • State of Michigan Retirement System fully exited Tesla in Q3 2016, selling an estimated $72.1M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.7B portfolio in Q3 2016.
  • State of Michigan Retirement System opened 23 new positions and closed 25 in Q3 2016.
  • State of Michigan Retirement System's portfolio value fell 0.73% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q3 2016, filed 2 Nov 2016.