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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
BALL icon
426
Ball Corp
BALL
$16.8B
$3.56M 0.03%
98,600
+1,000
+1% +$36.2K
BBBY
427
DELISTED
Bed Bath & Beyond Inc
BBBY
$3.56M 0.03%
82,392
-2,700
-3% -$122K
RMD icon
428
ResMed
RMD
$30.7B
$3.56M 0.03%
56,300
+400
+0.7% +$23.6K
CPGX
429
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
$3.54M 0.03%
138,866
+1,200
+0.9% +$30.6K
EMN icon
430
Eastman Chemical
EMN
$8.42B
$3.5M 0.03%
51,610
+700
+1% +$51.4K
IFF icon
431
International Flavors & Fragrances
IFF
$21.9B
$3.48M 0.03%
27,646
+100
+0.4% +$12.4K
BF.B icon
432
Brown-Forman Class B
BF.B
$13.1B
$3.48M 0.03%
109,147
+938
+0.9% +$29K
OKE icon
433
Oneok
OKE
$54.5B
$3.46M 0.03%
73,030
+700
+1% +$27.8K
CDK
434
DELISTED
CDK Global, Inc.
CDK
$3.46M 0.03%
62,300
+300
+0.5% +$15.5K
HRL icon
435
Hormel Foods
HRL
$13.8B
$3.44M 0.03%
93,864
+800
+0.9% +$29.9K
UDR icon
436
UDR
UDR
$12.3B
$3.43M 0.03%
92,800
+800
+0.9% +$28.7K
AKAM icon
437
Akamai
AKAM
$15.9B
$3.41M 0.03%
61,047
+200
+0.3% +$10.5K
TXT icon
438
Textron
TXT
$15.4B
$3.41M 0.03%
93,381
– –
WRK
439
DELISTED
WestRock Company
WRK
$3.41M 0.03%
87,782
-9,203
-9% -$345K
Y
440
DELISTED
Alleghany Corp
Y
$3.41M 0.03%
6,200
– –
KSU
441
DELISTED
Kansas City Southern
KSU
$3.38M 0.03%
37,500
+100
+0.3% +$9.1K
ATO icon
442
Atmos Energy
ATO
$28.8B
$3.33M 0.03%
41,000
+300
+0.7% +$22.2K
IDXX icon
443
Idexx Laboratories
IDXX
$46.2B
$3.33M 0.03%
35,900
+100
+0.3% +$8.59K
WWAV
444
DELISTED
The WhiteWave Foods Company
WWAV
$3.33M 0.03%
71,034
+700
+1% +$30.1K
NOK icon
445
Nokia
NOK
$52.3B
$3.33M 0.03%
585,800
– –
COO icon
446
Cooper Companies
COO
$14.5B
$3.33M 0.03%
77,600
+400
+0.5% +$16K
IRM icon
447
Iron Mountain
IRM
$36.1B
$3.31M 0.03%
83,030
+16,800
+25% +$611K
KMX icon
448
CarMax
KMX
$8.26B
$3.3M 0.03%
67,369
– –
HBI
449
DELISTED
Hanesbrands
HBI
$3.29M 0.03%
131,124
-3,700
-3% -$101K
SNPS icon
450
Synopsys
SNPS
$79.7B
$3.29M 0.03%
60,900
+400
+0.7% +$20.1K
16 17
18
19 20

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.