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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
LHX icon
401
L3Harris
LHX
$53.4B
$3.97M 0.03%
43,385
+100
+0.2% +$8.88K
IFF icon
402
International Flavors & Fragrances
IFF
$21.9B
$3.97M 0.03%
27,746
+100
+0.4% +$13.5K
MLM icon
403
Martin Marietta Materials
MLM
$33B
$3.96M 0.03%
22,100
– –
MAS icon
404
Masco
MAS
$15.3B
$3.96M 0.03%
115,288
-661,900
-85% -$22.9M
CINF icon
405
Cincinnati Financial
CINF
$27.1B
$3.94M 0.03%
52,285
+900
+2% +$68.1K
WWAV
406
DELISTED
The WhiteWave Foods Company
WWAV
$3.88M 0.03%
71,334
+300
+0.4% +$16.5K
AME icon
407
Ametek
AME
$58.2B
$3.88M 0.03%
81,100
– –
INGR icon
408
Ingredion
INGR
$6.58B
$3.87M 0.03%
29,100
+200
+0.7% +$26.7K
UHS icon
409
Universal Health Services
UHS
$10.5B
$3.87M 0.03%
31,400
+200
+0.6% +$25.3K
MTD icon
410
Mettler-Toledo International
MTD
$28.6B
$3.86M 0.03%
9,200
-1,500
-14% -$595K
DRE
411
DELISTED
Duke Realty Corp.
DRE
$3.86M 0.03%
141,200
+2,400
+2% +$66.3K
AAP icon
412
Advance Auto Parts
AAP
$3.49B
$3.83M 0.03%
25,700
+100
+0.4% +$16K
COL
413
DELISTED
Rockwell Collins
COL
$3.82M 0.03%
45,309
+100
+0.2% +$8.43K
DVA icon
414
DaVita
DVA
$11.7B
$3.82M 0.03%
57,762
+1,100
+2% +$77.4K
LNC icon
415
Lincoln National
LNC
$8.81B
$3.81M 0.03%
81,197
-1,800
-2% -$80.6K
FRT icon
416
Federal Realty Investment Trust
FRT
$10.3B
$3.8M 0.03%
24,700
+100
+0.4% +$16.2K
CSL icon
417
Carlisle Companies
CSL
$15.4B
$3.8M 0.03%
37,020
+11,300
+44% +$1.18M
KLAC icon
418
KLA
KLAC
$259B
$3.79M 0.03%
544,370
+3,000
+0.6% +$21.6K
SLG icon
419
SL Green Realty
SLG
$3.99B
$3.78M 0.03%
36,156
+207
+0.6% +$22.7K
OKE icon
420
Oneok
OKE
$54.5B
$3.77M 0.03%
73,430
+400
+0.5% +$18.9K
HOLX
421
DELISTED
Hologic
HOLX
$3.76M 0.03%
96,800
+12,500
+15% +$472K
TXT icon
422
Textron
TXT
$15.4B
$3.74M 0.03%
94,081
+700
+0.7% +$27.6K
HBAN icon
423
Huntington Bancshares
HBAN
$35.5B
$3.74M 0.03%
378,887
+101,401
+37% +$966K
PNR icon
424
Pentair
PNR
$11B
$3.73M 0.03%
86,520
-6,998
-7% -$295K
CPB icon
425
Campbell Soup
CPB
$6.87B
$3.71M 0.03%
67,847
+5,600
+9% +$339K
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 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.