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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
BBY icon
426
Best Buy
BBY
$17.3B
$3.68M 0.03%
96,320
-1,600
-2% -$56.2K
RMD icon
427
ResMed
RMD
$30.7B
$3.67M 0.03%
56,600
+300
+0.5% +$20K
SNPS icon
428
Synopsys
SNPS
$79.7B
$3.61M 0.03%
60,900
– –
SCG
429
DELISTED
Scana
SCG
$3.61M 0.03%
49,884
-15,400
-24% -$1.13M
MAT icon
430
Mattel
MAT
$4.23B
$3.6M 0.03%
118,889
+600
+0.5% +$19.6K
HRL icon
431
Hormel Foods
HRL
$13.8B
$3.58M 0.03%
94,264
+400
+0.4% +$14.9K
DHI icon
432
D.R. Horton
DHI
$42.3B
$3.57M 0.03%
118,264
+3,600
+3% +$116K
KMX icon
433
CarMax
KMX
$8.26B
$3.57M 0.03%
66,869
-500
-0.7% -$28.3K
TPR icon
434
Tapestry
TPR
$32.8B
$3.56M 0.03%
97,311
+700
+0.7% +$27.7K
WU icon
435
Western Union
WU
$2.21B
$3.54M 0.03%
170,194
-400
-0.2% -$8.22K
KSU
436
DELISTED
Kansas City Southern
KSU
$3.52M 0.03%
37,700
+200
+0.5% +$18.9K
CHRW icon
437
C.H. Robinson
CHRW
$17.5B
$3.51M 0.03%
49,797
+200
+0.4% +$14K
CNP icon
438
CenterPoint Energy
CNP
$26.8B
$3.49M 0.03%
150,338
+700
+0.5% +$16.3K
EMN icon
439
Eastman Chemical
EMN
$8.42B
$3.49M 0.03%
51,510
-100
-0.2% -$6.71K
EXR icon
440
Extra Space Storage
EXR
$31.6B
$3.49M 0.03%
43,900
+400
+0.9% +$33.8K
NTAP icon
441
NetApp
NTAP
$37.2B
$3.48M 0.03%
97,255
-3,200
-3% -$97.6K
CDK
442
DELISTED
CDK Global, Inc.
CDK
$3.46M 0.03%
60,400
-1,900
-3% -$109K
ARE icon
443
Alexandria Real Estate Equities
ARE
$8.56B
$3.42M 0.03%
31,400
+1,800
+6% +$196K
MAC icon
444
Macerich
MAC
$6.92B
$3.4M 0.03%
42,088
-1,800
-4% -$152K
NOK icon
445
Nokia
NOK
$52.3B
$3.39M 0.03%
585,800
– –
CTAS icon
446
Cintas
CTAS
$81.3B
$3.36M 0.03%
119,372
-1,200
-1% -$32.9K
UDR icon
447
UDR
UDR
$12.3B
$3.35M 0.03%
93,200
+400
+0.4% +$14.6K
ALB icon
448
Albemarle
ALB
$15.5B
$3.35M 0.03%
39,200
-500
-1% -$41.2K
HBI
449
DELISTED
Hanesbrands
HBI
$3.33M 0.03%
131,824
+700
+0.5% +$18.4K
ANDV
450
DELISTED
Andeavor
ANDV
$3.3M 0.03%
41,467
-200
-0.5% -$15.4K
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 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.