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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
EFX icon
251
Equifax
EFX
$21.4B
$8.1M 0.06%
60,202
+5,700
+10% +$756K
DVN icon
252
Devon Energy
DVN
$47.3B
$8.06M 0.06%
182,711
+700
+0.4% +$28.4K
ED icon
253
Consolidated Edison
ED
$39.9B
$8M 0.06%
106,252
+600
+0.6% +$46.6K
TEL icon
254
TE Connectivity
TEL
$62.6B
$7.99M 0.06%
124,096
-100
-0.1% -$6.12K
DFS
255
DELISTED
Discover Financial Services
DFS
$7.96M 0.06%
140,835
-2,400
-2% -$137K
DG icon
256
Dollar General
DG
$27.9B
$7.94M 0.06%
113,442
-8,100
-7% -$686K
HCA icon
257
HCA Healthcare
HCA
$89.5B
$7.8M 0.06%
103,100
-1,500
-1% -$115K
SHW icon
258
Sherwin-Williams
SHW
$89.8B
$7.75M 0.06%
83,985
+2,100
+3% +$204K
SYF icon
259
Synchrony
SYF
$25.6B
$7.74M 0.06%
276,478
-13,200
-5% -$363K
STI
260
DELISTED
SunTrust Banks, Inc.
STI
$7.67M 0.06%
175,028
+900
+0.5% +$38.6K
MAR icon
261
Marriott International
MAR
$92.3B
$7.55M 0.06%
112,193
+45,974
+69% +$3.24M
VRTX icon
262
Vertex Pharmaceuticals
VRTX
$126B
$7.54M 0.06%
86,500
+600
+0.7% +$56.7K
BHI
263
DELISTED
Baker Hughes
BHI
$7.54M 0.06%
149,329
-2,800
-2% -$135K
MPC icon
264
Marathon Petroleum
MPC
$83.7B
$7.49M 0.06%
184,586
+500
+0.3% +$20.3K
GMLP
265
DELISTED
Golar LNG Partners LP
GMLP
$7.46M 0.06%
380,000
– –
PEG icon
266
Public Service Enterprise Group
PEG
$37.7B
$7.39M 0.06%
176,530
+800
+0.5% +$35.2K
CCL icon
267
Carnival Corporation Ltd
CCL
$39.7B
$7.38M 0.06%
151,060
-1,300
-0.9% -$60.1K
WMB icon
268
Williams Companies
WMB
$86.1B
$7.32M 0.06%
238,342
+1,100
+0.5% +$29.2K
BXP icon
269
Boston Properties
BXP
$11.1B
$7.31M 0.06%
53,664
+300
+0.6% +$41.6K
XEL icon
270
Xcel Energy
XEL
$48.8B
$7.29M 0.06%
177,266
+800
+0.5% +$34.2K
NEM icon
271
Newmont
NEM
$119B
$7.28M 0.06%
185,199
+900
+0.5% +$37.3K
PCAR icon
272
PACCAR
PCAR
$70.1B
$7.19M 0.06%
183,549
+900
+0.5% +$34.2K
PGR icon
273
Progressive
PGR
$125B
$7.12M 0.06%
226,045
-81,700
-27% -$2.66M
TAP icon
274
Molson Coors Class B
TAP
$8.09B
$7.05M 0.06%
64,243
+300
+0.5% +$30.5K
CMI icon
275
Cummins
CMI
$88.7B
$6.94M 0.05%
54,124
-900
-2% -$109K
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 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.