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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
DTE icon
301
DTE Energy
DTE
$29.1B
$6.18M 0.05%
73,225
+588
+0.8% +$45.5K
VNO icon
302
Vornado Realty Trust
VNO
$7.38B
$6.17M 0.05%
76,231
+742
+1% +$57.5K
CERN
303
DELISTED
Cerner Corp
CERN
$6.13M 0.05%
104,520
+300
+0.3% +$16.7K
HIG icon
304
Hartford Financial Services
HIG
$39.3B
$6.06M 0.05%
136,627
– –
IP icon
305
International Paper
IP
$22B
$6.05M 0.05%
150,861
+1,373
+0.9% +$54.6K
ADI icon
306
Analog Devices
ADI
$190B
$6.05M 0.05%
106,805
+100
+0.1% +$5.73K
GGP
307
DELISTED
GGP Inc.
GGP
$6.04M 0.05%
202,500
+2,000
+1% +$56.5K
ROP icon
308
Roper Technologies
ROP
$39.8B
$6M 0.05%
35,194
+400
+1% +$70K
BCR
309
DELISTED
CR Bard Inc.
BCR
$5.99M 0.05%
25,485
+100
+0.4% +$21.7K
APTV icon
310
Aptiv
APTV
$10.3B
$5.93M 0.05%
94,790
-1,036,100
-92% -$72.4M
BRO icon
311
Brown & Brown
BRO
$23.9B
$5.93M 0.05%
316,400
+224,600
+245% +$3.99M
BBWI icon
312
Bath & Body Works
BBWI
$4.1B
$5.9M 0.05%
108,708
+248
+0.2% +$14.5K
MJN
313
DELISTED
Mead Johnson Nutrition Company
MJN
$5.88M 0.05%
64,809
+600
+0.9% +$50.8K
LH icon
314
Labcorp
LH
$25.9B
$5.85M 0.05%
52,279
-4,889
-9% -$526K
GPN icon
315
Global Payments
GPN
$22.8B
$5.8M 0.05%
81,200
+8,600
+12% +$635K
DOC icon
316
Healthpeak Properties
DOC
$14.8B
$5.74M 0.04%
178,147
+2,196
+1% +$68.2K
AAL icon
317
American Airlines Group
AAL
$10.6B
$5.69M 0.04%
200,900
-6,700
-3% -$226K
VMC icon
318
Vulcan Materials
VMC
$36.9B
$5.57M 0.04%
46,258
+400
+0.9% +$45.3K
DLR icon
319
Digital Realty Trust
DLR
$71.7B
$5.56M 0.04%
+51,000
New +$4.84M
HSY icon
320
Hershey
HSY
$36.6B
$5.54M 0.04%
48,826
-600
-1% -$56.2K
LUMN icon
321
Lumen
LUMN
$6.44B
$5.5M 0.04%
189,651
+2,400
+1% +$69.9K
HES
322
DELISTED
Hess
HES
$5.5M 0.04%
91,525
+400
+0.4% +$23.2K
NUE icon
323
Nucor
NUE
$62.1B
$5.46M 0.04%
110,427
+1,000
+0.9% +$48.7K
CXO
324
DELISTED
CONCHO RESOURCES INC.
CXO
$5.4M 0.04%
45,300
+800
+2% +$92.8K
NBL
325
DELISTED
Noble Energy, Inc.
NBL
$5.34M 0.04%
148,913
+1,300
+0.9% +$45.7K
11 12
13
14 15

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.