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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
VNO icon
301
Vornado Realty Trust
VNO
$7.38B
$6.07M 0.05%
74,128
-2,103
-3% -$174K
O icon
302
Realty Income
O
$59.1B
$6.04M 0.05%
93,086
+722
+0.8% +$47.7K
ES icon
303
Eversource Energy
ES
$27.2B
$6M 0.05%
110,656
+500
+0.5% +$28.2K
L icon
304
Loews
L
$23.6B
$5.96M 0.05%
144,725
-60,100
-29% -$2.47M
BBWI icon
305
Bath & Body Works
BBWI
$4.1B
$5.94M 0.05%
103,760
-4,948
-5% -$292K
KDP icon
306
Keurig Dr Pepper
KDP
$40.8B
$5.91M 0.05%
64,704
+200
+0.3% +$18.9K
PH icon
307
Parker-Hannifin
PH
$135B
$5.87M 0.05%
46,743
– –
DTE icon
308
DTE Energy
DTE
$29.1B
$5.87M 0.05%
73,577
+352
+0.5% +$28.7K
WDC icon
309
Western Digital
WDC
$150B
$5.8M 0.05%
131,222
+1,852
+1% +$69.8K
HIG icon
310
Hartford Financial Services
HIG
$39.3B
$5.77M 0.05%
134,727
-1,900
-1% -$79.5K
BCR
311
DELISTED
CR Bard Inc.
BCR
$5.76M 0.05%
25,685
+200
+0.8% +$45K
BRO icon
312
Brown & Brown
BRO
$23.9B
$5.68M 0.04%
301,200
-15,200
-5% -$281K
CLX icon
313
Clorox
CLX
$12.7B
$5.65M 0.04%
45,170
+200
+0.4% +$26.2K
FTV icon
314
Fortive
FTV
$18.6B
$5.64M 0.04%
+175,679
New +$5.64M
GGP
315
DELISTED
GGP Inc.
GGP
$5.63M 0.04%
203,800
+1,300
+0.6% +$38.8K
AMP icon
316
Ameriprise Financial
AMP
$48.8B
$5.62M 0.04%
56,348
-1,300
-2% -$126K
BEN icon
317
Franklin Resources
BEN
$17.2B
$5.61M 0.04%
157,632
-30,400
-16% -$1.08M
WAT icon
318
Waters Corp
WAT
$39.9B
$5.6M 0.04%
35,324
-13,300
-27% -$2.06M
ROK icon
319
Rockwell Automation
ROK
$49B
$5.53M 0.04%
45,190
-100
-0.2% -$11.7K
SJM icon
320
J.M. Smucker
SJM
$12.8B
$5.5M 0.04%
40,608
-9,700
-19% -$1.42M
NUE icon
321
Nucor
NUE
$62.1B
$5.5M 0.04%
111,127
+700
+0.6% +$35.6K
FITB
322
Fifth Third Bancorp
FITB
$51.8B
$5.47M 0.04%
267,512
+800
+0.3% +$15.4K
LKQ icon
323
LKQ Corp
LKQ
$6.29B
$5.47M 0.04%
154,200
+700
+0.5% +$24.3K
GEN icon
324
Gen Digital
GEN
$17.5B
$5.39M 0.04%
214,849
+2,100
+1% +$47.8K
UAL icon
325
United Airlines
UAL
$42.1B
$5.37M 0.04%
102,400
-14,200
-12% -$683K
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 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.