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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
XLNX
351
DELISTED
Xilinx Inc
XLNX
$4.81M 0.04%
88,475
+300
+0.3% +$15.4K
ETR icon
352
Entergy
ETR
$50B
$4.79M 0.04%
124,974
+800
+0.6% +$31.8K
LVLT
353
DELISTED
Level 3 Communications Inc
LVLT
$4.71M 0.04%
101,600
+900
+0.9% +$45.5K
HSY icon
354
Hershey
HSY
$36.6B
$4.69M 0.04%
49,026
+200
+0.4% +$21.2K
MRO
355
DELISTED
Marathon Oil Corporation
MRO
$4.67M 0.04%
295,676
+1,200
+0.4% +$17.8K
MCHP icon
356
Microchip Technology
MCHP
$46B
$4.67M 0.04%
150,296
+1,000
+0.7% +$29.1K
AA icon
357
Alcoa
AA
$13.2B
$4.65M 0.04%
191,019
+916
+0.5% +$22.3K
AWK icon
358
American Water Works
AWK
$26.9B
$4.65M 0.04%
62,100
+400
+0.6% +$31.3K
HSIC icon
359
Henry Schein
HSIC
$9.82B
$4.64M 0.04%
72,675
-59,415
-45% -$3.94M
FCX icon
360
Freeport-McMoran
FCX
$97.5B
$4.63M 0.04%
426,443
-8,500
-2% -$97.8K
CTXS
361
DELISTED
Citrix Systems Inc
CTXS
$4.63M 0.04%
68,233
+628
+0.9% +$42.8K
PRGO icon
362
Perrigo
PRGO
$1.78B
$4.62M 0.04%
50,014
+300
+0.6% +$27.6K
VIAB
363
DELISTED
Viacom Inc. Class B
VIAB
$4.62M 0.04%
121,204
-872,764
-88% -$36.2M
KEY icon
364
KeyCorp
KEY
$24.4B
$4.6M 0.04%
377,727
+85,053
+29% +$1.02M
BBBY
365
DELISTED
Bed Bath & Beyond Inc
BBBY
$4.56M 0.04%
105,692
+23,300
+28% +$1.04M
CFG icon
366
Citizens Financial Group
CFG
$30.6B
$4.48M 0.04%
181,300
-2,500
-1% -$57.5K
IVZ icon
367
Invesco
IVZ
$13.9B
$4.47M 0.04%
143,043
-1,900
-1% -$55.8K
MSM icon
368
MSC Industrial Direct
MSM
$6.86B
$4.47M 0.04%
60,900
-1,400
-2% -$102K
XEC
369
DELISTED
CIMAREX ENERGY CO
XEC
$4.46M 0.04%
33,200
+300
+0.9% +$37.6K
VRSK icon
370
Verisk Analytics
VRSK
$25B
$4.45M 0.04%
54,800
+1,100
+2% +$91K
MSI icon
371
Motorola Solutions
MSI
$77.4B
$4.44M 0.04%
58,227
+3,000
+5% +$219K
MHK icon
372
Mohawk Industries
MHK
$9.22B
$4.41M 0.03%
22,000
-100
-0.5% -$20.6K
ARW icon
373
Arrow Electronics
ARW
$10.4B
$4.4M 0.03%
68,762
– –
RCL icon
374
Royal Caribbean
RCL
$85.6B
$4.39M 0.03%
58,600
+300
+0.5% +$21.1K
BFH icon
375
Bread Financial
BFH
$4.38B
$4.38M 0.03%
25,585
-125
-0.5% -$21.3K
13 14
15
16 17

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.