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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
ULTA icon
326
Ulta Beauty
ULTA
$24.3B
$5.29M 0.04%
+21,700
New +$4.72M
FIT
327
DELISTED
Fitbit, Inc. Class A common stock
FIT
$5.26M 0.04%
430,300
+220,300
+105% +$3.26M
ADM icon
328
Archer Daniels Midland
ADM
$36.9B
$5.25M 0.04%
122,325
– –
AWK icon
329
American Water Works
AWK
$26.9B
$5.21M 0.04%
61,700
+400
+0.7% +$29.7K
ROK icon
330
Rockwell Automation
ROK
$49B
$5.2M 0.04%
45,290
– –
LVLT
331
DELISTED
Level 3 Communications Inc
LVLT
$5.18M 0.04%
100,700
+1,200
+1% +$62.8K
ESS icon
332
Essex Property Trust
ESS
$18.5B
$5.18M 0.04%
22,714
+200
+0.9% +$44.7K
AMP icon
333
Ameriprise Financial
AMP
$48.8B
$5.18M 0.04%
57,648
-500
-0.9% -$48.3K
FE icon
334
FirstEnergy
FE
$27.5B
$5.15M 0.04%
147,533
+1,700
+1% +$57.6K
WMB icon
335
Williams Companies
WMB
$86.1B
$5.13M 0.04%
237,242
+2,200
+0.9% +$44.2K
CPRI icon
336
Capri Holdings
CPRI
$1.74B
$5.11M 0.04%
103,300
+41,500
+67% +$2.04M
COR icon
337
Cencora
COR
$61.2B
$5.06M 0.04%
63,780
-3,400
-5% -$273K
A icon
338
Agilent Technologies
A
$41.2B
$5.05M 0.04%
113,881
+1,000
+0.9% +$43.1K
ETR icon
339
Entergy
ETR
$50B
$5.05M 0.04%
124,174
+1,200
+1% +$46K
PH icon
340
Parker-Hannifin
PH
$135B
$5.05M 0.04%
46,743
+200
+0.4% +$22.4K
XRAY icon
341
Dentsply Sirona
XRAY
$2.43B
$5.05M 0.04%
81,382
-1,700
-2% -$105K
MU icon
342
Micron Technology
MU
$991B
$4.96M 0.04%
360,220
+3,000
+0.8% +$34.1K
SCG
343
DELISTED
Scana
SCG
$4.94M 0.04%
65,284
-22,600
-26% -$1.58M
LKQ icon
344
LKQ Corp
LKQ
$6.29B
$4.87M 0.04%
153,500
-12,800
-8% -$416K
TDG icon
345
TransDigm Group
TDG
$67.7B
$4.85M 0.04%
+18,400
New +$4.49M
FCX icon
346
Freeport-McMoran
FCX
$97.5B
$4.84M 0.04%
434,943
+3,900
+0.9% +$43.2K
BR icon
347
Broadridge
BR
$19B
$4.79M 0.04%
73,522
+3,800
+5% +$235K
UAL icon
348
United Airlines
UAL
$42.1B
$4.79M 0.04%
116,600
-7,200
-6% -$341K
FITB
349
Fifth Third Bancorp
FITB
$51.8B
$4.69M 0.04%
266,712
-3,000
-1% -$53.8K
LRCX icon
350
Lam Research
LRCX
$390B
$4.66M 0.04%
554,680
+8,000
+1% +$64.3K
12 13
14
15 16

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.