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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
NBL
326
DELISTED
Noble Energy, Inc.
NBL
$5.36M 0.04%
149,913
+1,000
+0.7% +$35.1K
A icon
327
Agilent Technologies
A
$41.2B
$5.35M 0.04%
113,581
-300
-0.3% -$14K
LRCX icon
328
Lam Research
LRCX
$390B
$5.3M 0.04%
559,680
+5,000
+0.9% +$45.5K
VMC icon
329
Vulcan Materials
VMC
$36.9B
$5.28M 0.04%
46,458
+200
+0.4% +$23.6K
LUMN icon
330
Lumen
LUMN
$6.44B
$5.23M 0.04%
190,551
+900
+0.5% +$26.3K
GPC icon
331
Genuine Parts
GPC
$18.7B
$5.22M 0.04%
51,996
-39,700
-43% -$4.03M
Y
332
DELISTED
Alleghany Corp
Y
$5.14M 0.04%
9,800
+3,600
+58% +$1.93M
RHT
333
DELISTED
Red Hat Inc
RHT
$5.11M 0.04%
63,216
+200
+0.3% +$14.9K
COR icon
334
Cencora
COR
$61.2B
$5.1M 0.04%
63,080
-700
-1% -$60K
MJN
335
DELISTED
Mead Johnson Nutrition Company
MJN
$5.09M 0.04%
64,409
-400
-0.6% -$34.1K
ESS icon
336
Essex Property Trust
ESS
$18.5B
$5.08M 0.04%
22,814
+100
+0.4% +$22.7K
TDG icon
337
TransDigm Group
TDG
$67.7B
$5.06M 0.04%
17,500
-900
-5% -$253K
HES
338
DELISTED
Hess
HES
$5.04M 0.04%
93,925
+2,400
+3% +$129K
BR icon
339
Broadridge
BR
$19B
$5M 0.04%
73,722
+200
+0.3% +$13.7K
BALL icon
340
Ball Corp
BALL
$16.8B
$4.98M 0.04%
121,600
+23,000
+23% +$879K
DLR icon
341
Digital Realty Trust
DLR
$71.7B
$4.98M 0.04%
51,300
+300
+0.6% +$30.5K
SWKS icon
342
Skyworks Solutions
SWKS
$10.6B
$4.98M 0.04%
65,400
-700
-1% -$48.8K
LLTC
343
DELISTED
Linear Technology Corp
LLTC
$4.96M 0.04%
83,692
+600
+0.7% +$33.6K
ADSK icon
344
Autodesk
ADSK
$52.6B
$4.93M 0.04%
68,132
-9,900
-13% -$624K
EXPE icon
345
Expedia Group
EXPE
$37.3B
$4.91M 0.04%
42,064
+1,300
+3% +$147K
FE icon
346
FirstEnergy
FE
$27.5B
$4.91M 0.04%
148,433
+900
+0.6% +$30.6K
ULTA icon
347
Ulta Beauty
ULTA
$24.3B
$4.88M 0.04%
20,500
-1,200
-6% -$303K
NOV icon
348
NOV
NOV
$7B
$4.84M 0.04%
131,810
+800
+0.6% +$26.9K
XRAY icon
349
Dentsply Sirona
XRAY
$2.43B
$4.83M 0.04%
81,282
-100
-0.1% -$6.14K
PFG icon
350
Principal Financial Group
PFG
$24.3B
$4.81M 0.04%
93,375
-300
-0.3% -$14K
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 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.