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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
T icon
26
AT&T
T
$162B
$117M 0.92%
3,597,683
+99,698
+3% +$2.97M
AXP icon
27
American Express
AXP
$231B
$116M 0.91%
1,914,348
-886,463
-32% -$56.2M
XYZ
28
Block Inc
XYZ
$47B
$103M 0.8%
+11,349,190
New +$128M
PG icon
29
Procter & Gamble
PG
$342B
$98.6M 0.77%
1,164,712
+204,800
+21% +$16.8M
PFE icon
30
Pfizer
PFE
$149B
$97.8M 0.77%
2,928,170
-224,291
-7% -$7.16M
PM icon
31
Philip Morris
PM
$293B
$87.9M 0.69%
864,445
-6,800
-0.8% -$678K
CMCSA icon
32
Comcast
CMCSA
$89.3B
$84M 0.66%
2,578,098
+486,800
+23% +$15.1M
DIS icon
33
Walt Disney
DIS
$182B
$79.4M 0.62%
811,725
+103,200
+15% +$10.3M
UNP icon
34
Union Pacific
UNP
$175B
$73.5M 0.58%
842,156
-12,300
-1% -$1.04M
IBM icon
35
IBM
IBM
$220B
$73.4M 0.57%
505,568
-18,933
-4% -$2.71M
CRM icon
36
Salesforce
CRM
$153B
$73M 0.57%
919,284
-4,900
-0.5% -$385K
TSLA icon
37
Tesla
TSLA
$1.26T
$72.1M 0.56%
5,094,345
+3,522,030
+224% +$53.4M
GOOG icon
38
Alphabet (Google) Class C
GOOG
$4.36T
$71M 0.56%
2,052,420
+6,000
+0.3% +$215K
ORCL icon
39
Oracle
ORCL
$413B
$69.9M 0.55%
1,707,648
+54,500
+3% +$2.18M
CVX icon
40
Chevron
CVX
$371B
$69.8M 0.55%
666,204
-18,800
-3% -$1.89M
MRK icon
41
Merck
MRK
$317B
$68.3M 0.53%
1,241,936
+6,288
+0.5% +$335K
XLF icon
42
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
$67.7M 0.53%
3,380,074
– –
MO icon
43
Altria Group
MO
$113B
$65M 0.51%
942,474
-23,000
-2% -$1.47M
RTX icon
44
RTX Corp
RTX
$301B
$63.2M 0.49%
978,632
-1,748
-0.2% -$112K
TSCO icon
45
Tractor Supply
TSCO
$17.9B
$62.1M 0.49%
3,407,000
+2,000
+0.1% +$37.2K
ADBE icon
46
Adobe
ADBE
$103B
$61.4M 0.48%
640,765
+469,200
+273% +$45.1M
KO icon
47
Coca-Cola
KO
$374B
$61.3M 0.48%
1,352,546
+10,900
+0.8% +$493K
LMT icon
48
Lockheed Martin
LMT
$135B
$60M 0.47%
241,627
+69,100
+40% +$16.3M
INTC icon
49
Intel
INTC
$503B
$53.8M 0.42%
1,640,355
-700,900
-30% -$22M
PEP icon
50
PepsiCo
PEP
$189B
$53.2M 0.42%
501,773
+4,100
+0.8% +$423K
1
2
3 4 5

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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.