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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
+1.84%
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
$12.8B
AUM Growth
+$174M
Cap. Flow
+$40.2M
Cap. Flow %
0.31%
Top 10 Hldgs %
24.47%
Holding
987
New
29
Increased
635
Reduced
224
Closed
20

Top Buys

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$171M
2
XYZ
Block Inc
XYZ
+$128M
3
HON icon
Honeywell
HON
+$62.4M
4
VZ icon
Verizon
VZ
+$56.8M
5
TSLA icon
Tesla
TSLA
+$53.4M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$181M
2
GS icon
Goldman Sachs
GS
+$81.2M
3
APTV icon
Aptiv
APTV
+$72.4M
4
VIAB
Viacom Inc. Class B
VIAB
+$64.6M
5
GILD icon
Gilead Sciences
GILD
+$62M

Sector Composition

Rank Sector Weight
1 Financials 19.1%
2 Technology 14.28%
3 Healthcare 13.74%
4 Communication Services 9.56%
5 Industrials 9.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHC icon
251
Bausch Health
BHC
$2.34B
$7.81M 0.06%
387,759
-27,241
-7% -$771K
WY icon
252
Weyerhaeuser
WY
$18.4B
$7.73M 0.06%
259,529
-12,300
-5% -$378K
DLTR icon
253
Dollar Tree
DLTR
$25.2B
$7.72M 0.06%
81,874
+1,000
+1% +$84.6K
NWL icon
254
Newell Brands
NWL
$2.56B
$7.71M 0.06%
158,643
+66,615
+72% +$3.11M
DFS
255
DELISTED
Discover Financial Services
DFS
$7.68M 0.06%
143,235
+600
+0.4% +$32.6K
SJM icon
256
J.M. Smucker
SJM
$12.8B
$7.67M 0.06%
50,308
+9,100
+22% +$1.21M
GLW icon
257
Corning
GLW
$143B
$7.65M 0.06%
373,521
-9,600
-3% -$192K
ZTS icon
258
Zoetis
ZTS
$30B
$7.53M 0.06%
158,556
+1,100
+0.7% +$52K
HPQ icon
259
HP
HPQ
$27.5B
$7.46M 0.06%
594,213
-300
-0.1% -$3.74K
STT icon
260
State Street
STT
$50.7B
$7.42M 0.06%
137,545
-200
-0.1% -$11.9K
GLNG icon
261
Golar LNG
GLNG
$5.13B
$7.4M 0.06%
477,700
– –
VRTX icon
262
Vertex Pharmaceuticals
VRTX
$126B
$7.39M 0.06%
85,900
+1,100
+1% +$95K
EW icon
263
Edwards Lifesciences
EW
$51.7B
$7.34M 0.06%
220,824
-900
-0.4% -$30.8K
SYF icon
264
Synchrony
SYF
$25.6B
$7.32M 0.06%
289,678
+2,600
+0.9% +$75.7K
ILMN icon
265
Illumina
ILMN
$28.4B
$7.29M 0.06%
53,353
-206
-0.4% -$29.3K
CAG icon
266
Conagra Brands
CAG
$7.23B
$7.25M 0.06%
194,877
+2,827
+1% +$101K
NEM icon
267
Newmont
NEM
$119B
$7.21M 0.06%
184,299
+2,100
+1% +$69.5K
WEC icon
268
WEC Energy
WEC
$35.1B
$7.16M 0.06%
109,645
+1,000
+0.9% +$60.1K
STI
269
DELISTED
SunTrust Banks, Inc.
STI
$7.15M 0.06%
174,128
+200
+0.1% +$8.17K
K
270
DELISTED
Kellanova
K
$7.15M 0.06%
93,289
+852
+0.9% +$61.1K
VFC icon
271
VF Corp
VFC
$5.89B
$7.13M 0.06%
123,124
-1,062
-0.9% -$62.8K
TEL icon
272
TE Connectivity
TEL
$62.6B
$7.09M 0.06%
124,196
-3,100
-2% -$187K
BXP icon
273
Boston Properties
BXP
$11.1B
$7.04M 0.06%
53,364
+500
+0.9% +$64.2K
EL icon
274
Estee Lauder
EL
$32B
$7.04M 0.06%
77,290
+900
+1% +$84K
ATVI
275
DELISTED
Activision Blizzard
ATVI
$7.01M 0.05%
177,000
+2,400
+1% +$88.2K
9 10
11
12 13

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 Q2 2016 Portfolio in Review

As of Q2 2016, State of Michigan Retirement System held 987 positions worth $12.8B, up 1.4% from $12.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2016: portfolio turnover was 5%. State of Michigan Retirement System opened 29 new positions and exited 20, leaving the 987-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2016 buy was Block Inc: 11,349,190 shares worth $103M.
  • State of Michigan Retirement System added most to Berkshire Hathaway Class B in Q2 2016, an estimated $171M increase.
  • State of Michigan Retirement System's biggest Q2 2016 reduction was Wells Fargo, cutting an estimated $181M.
  • State of Michigan Retirement System fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $20M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.8B portfolio in Q2 2016.
  • State of Michigan Retirement System opened 29 new positions and closed 20 in Q2 2016.
  • State of Michigan Retirement System's portfolio value rose 1.4% quarter-over-quarter to $12.8B.

Based on State of Michigan Retirement System's 13F filing for Q2 2016, filed 3 Aug 2016.