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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
WFM
401
DELISTED
Whole Foods Market Inc
WFM
$3.89M 0.03%
121,514
+9,700
+9% +$302K
LLTC
402
DELISTED
Linear Technology Corp
LLTC
$3.87M 0.03%
83,092
+700
+0.8% +$32K
PFG icon
403
Principal Financial Group
PFG
$24.3B
$3.85M 0.03%
93,675
+300
+0.3% +$12.7K
COL
404
DELISTED
Rockwell Collins
COL
$3.85M 0.03%
45,209
+100
+0.2% +$8.92K
CINF icon
405
Cincinnati Financial
CINF
$27.1B
$3.85M 0.03%
51,385
+500
+1% +$33.9K
MCHP icon
406
Microchip Technology
MCHP
$46B
$3.79M 0.03%
149,296
+9,168
+7% +$228K
AYI icon
407
Acuity Brands
AYI
$10.8B
$3.77M 0.03%
15,200
-2,300
-13% -$574K
BWA icon
408
BorgWarner
BWA
$13.9B
$3.75M 0.03%
144,363
+14,541
+11% +$440K
AME icon
409
Ametek
AME
$58.2B
$3.75M 0.03%
81,100
– –
MAC icon
410
Macerich
MAC
$6.92B
$3.75M 0.03%
43,888
+200
+0.5% +$15.7K
RF icon
411
Regions Financial
RF
$26.8B
$3.75M 0.03%
440,046
-3,400
-0.8% -$30.8K
INGR icon
412
Ingredion
INGR
$6.58B
$3.74M 0.03%
28,900
+200
+0.7% +$23.3K
DOV icon
413
Dover
DOV
$28.4B
$3.74M 0.03%
66,755
+742
+1% +$40K
SLG icon
414
SL Green Realty
SLG
$3.99B
$3.71M 0.03%
35,949
+310
+0.9% +$30.5K
IVZ icon
415
Invesco
IVZ
$13.9B
$3.7M 0.03%
144,943
+1,600
+1% +$47.5K
MAT icon
416
Mattel
MAT
$4.23B
$3.7M 0.03%
118,289
+1,200
+1% +$38.1K
DRE
417
DELISTED
Duke Realty Corp.
DRE
$3.7M 0.03%
138,800
+700
+0.5% +$16.5K
CHRW icon
418
C.H. Robinson
CHRW
$17.5B
$3.68M 0.03%
49,597
+300
+0.6% +$21.9K
CFG icon
419
Citizens Financial Group
CFG
$30.6B
$3.67M 0.03%
183,800
+2,100
+1% +$46.6K
PNR icon
420
Pentair
PNR
$11B
$3.66M 0.03%
93,518
– –
MSI icon
421
Motorola Solutions
MSI
$77.4B
$3.64M 0.03%
55,227
+600
+1% +$42.7K
LHX icon
422
L3Harris
LHX
$53.4B
$3.61M 0.03%
43,285
+400
+0.9% +$31.6K
DHI icon
423
D.R. Horton
DHI
$42.3B
$3.61M 0.03%
114,664
+1,400
+1% +$42.7K
M icon
424
Macy's
M
$6.68B
$3.6M 0.03%
107,102
+300
+0.3% +$10.7K
CNP icon
425
CenterPoint Energy
CNP
$26.8B
$3.59M 0.03%
149,638
+1,500
+1% +$33.1K
15 16
17
18 19

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.