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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
XYZ
26
Block Inc
XYZ
$47.5B
$106M 0.83%
9,054,262
-2,294,928
-20% -$25.1M
PG icon
27
Procter & Gamble
PG
$339B
$102M 0.81%
1,140,912
-23,800
-2% -$2.07M
ADBE icon
28
Adobe
ADBE
$106B
$96.4M 0.76%
888,165
+247,400
+39% +$24.8M
PFE icon
29
Pfizer
PFE
$152B
$94.4M 0.74%
2,938,816
+10,646
+0.4% +$356K
AXP icon
30
American Express
AXP
$230B
$89.4M 0.71%
1,396,348
-518,000
-27% -$33.3M
CMCSA icon
31
Comcast
CMCSA
$90.2B
$82.3M 0.65%
2,481,298
-96,800
-4% -$3.22M
PM icon
32
Philip Morris
PM
$295B
$80.4M 0.63%
827,345
-37,100
-4% -$3.72M
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.34T
$80.2M 0.63%
2,062,420
+10,000
+0.5% +$380K
IBM icon
34
IBM
IBM
$223B
$76.3M 0.6%
502,117
-3,451
-0.7% -$524K
ORCL icon
35
Oracle
ORCL
$421B
$76.1M 0.6%
1,936,948
+229,300
+13% +$9.34M
DIS icon
36
Walt Disney
DIS
$181B
$75.1M 0.59%
809,225
-2,500
-0.3% -$239K
MRK icon
37
Merck
MRK
$318B
$74.2M 0.59%
1,245,604
+3,668
+0.3% +$214K
BMY icon
38
Bristol-Myers Squibb
BMY
$132B
$69.1M 0.55%
1,281,853
-679,500
-35% -$43.6M
CVX icon
39
Chevron
CVX
$365B
$68.9M 0.54%
669,904
+3,700
+0.6% +$378K
INTC icon
40
Intel
INTC
$508B
$62.3M 0.49%
1,651,155
+10,800
+0.7% +$382K
RTX icon
41
RTX Corp
RTX
$301B
$60.4M 0.48%
944,786
-33,846
-3% -$2.24M
MO icon
42
Altria Group
MO
$114B
$59.7M 0.47%
944,674
+2,200
+0.2% +$146K
KO icon
43
Coca-Cola
KO
$375B
$57.4M 0.45%
1,355,646
+3,100
+0.2% +$136K
XLF icon
44
State Street Financial Select Sector SPDR ETF
XLF
$58.3B
$57.3M 0.45%
2,967,200
-412,874
-12% -$8.52M
ACN icon
45
Accenture
ACN
$108B
$56.6M 0.45%
463,602
+61,600
+15% +$7.01M
BAC icon
46
Bank of America
BAC
$442B
$56M 0.44%
3,578,177
-6,800
-0.2% -$101K
USB icon
47
US Bancorp
USB
$99.6B
$55.3M 0.44%
1,288,438
-2,300
-0.2% -$97.7K
PEP icon
48
PepsiCo
PEP
$190B
$54.6M 0.43%
502,273
+500
+0.1% +$53.9K
ABBV icon
49
AbbVie
ABBV
$434B
$51.6M 0.41%
818,863
+6,500
+0.8% +$421K
TXN icon
50
Texas Instruments
TXN
$260B
$50.6M 0.4%
721,114
+1,300
+0.2% +$88.6K
1
2
3 4 5

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.