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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
MNST icon
276
Monster Beverage
MNST
$88.5B
$6.92M 0.05%
282,816
-10,800
-4% -$280K
ADI icon
277
Analog Devices
ADI
$190B
$6.92M 0.05%
107,305
+500
+0.5% +$31K
IP icon
278
International Paper
IP
$22B
$6.88M 0.05%
151,495
+634
+0.4% +$28K
TT icon
279
Trane Technologies
TT
$106B
$6.86M 0.05%
100,916
+600
+0.6% +$40K
CAG icon
280
Conagra Brands
CAG
$7.23B
$6.85M 0.05%
186,910
-7,967
-4% -$286K
EL icon
281
Estee Lauder
EL
$32B
$6.83M 0.05%
77,090
-200
-0.3% -$18.2K
NTRS icon
282
Northern Trust
NTRS
$33.9B
$6.82M 0.05%
100,306
-200
-0.2% -$13.6K
K
283
DELISTED
Kellanova
K
$6.82M 0.05%
93,715
+426
+0.5% +$32.6K
CXO
284
DELISTED
CONCHO RESOURCES INC.
CXO
$6.81M 0.05%
49,600
+4,300
+9% +$545K
APTV icon
285
Aptiv
APTV
$10.3B
$6.79M 0.05%
95,190
+400
+0.4% +$27K
AAL icon
286
American Airlines Group
AAL
$10.6B
$6.77M 0.05%
184,900
-16,000
-8% -$565K
WEC icon
287
WEC Energy
WEC
$35.1B
$6.59M 0.05%
110,145
+500
+0.5% +$31.2K
BSMX
288
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$6.55M 0.05%
744,300
– –
DLTR icon
289
Dollar Tree
DLTR
$25.2B
$6.49M 0.05%
82,274
+400
+0.5% +$36K
VFC icon
290
VF Corp
VFC
$5.89B
$6.49M 0.05%
123,018
-106
-0.1% -$6.12K
PAYX icon
291
Paychex
PAYX
$42.7B
$6.48M 0.05%
111,951
+600
+0.5% +$36K
CERN
292
DELISTED
Cerner Corp
CERN
$6.48M 0.05%
104,920
+400
+0.4% +$25.2K
ROP icon
293
Roper Technologies
ROP
$39.8B
$6.46M 0.05%
35,394
+200
+0.6% +$34.9K
MU icon
294
Micron Technology
MU
$991B
$6.44M 0.05%
362,420
+2,200
+0.6% +$33.6K
FIT
295
DELISTED
Fitbit, Inc. Class A common stock
FIT
$6.39M 0.05%
430,300
– –
MTB icon
296
M&T Bank
MTB
$36.2B
$6.35M 0.05%
54,730
-500
-0.9% -$58.1K
NLSN
297
DELISTED
Nielsen Holdings plc
NLSN
$6.28M 0.05%
117,200
-8,100
-6% -$431K
GPN icon
298
Global Payments
GPN
$22.8B
$6.24M 0.05%
81,300
+100
+0.1% +$7.53K
DOC icon
299
Healthpeak Properties
DOC
$14.8B
$6.19M 0.05%
179,135
+988
+0.6% +$34.6K
VTRS icon
300
Viatris
VTRS
$18.9B
$6.12M 0.05%
160,593
+12,200
+8% +$542K
10 11
12
13 14

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.