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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
TSS
476
DELISTED
Total System Services, Inc.
TSS
$3.11M 0.02%
58,633
+600
+1% +$31.1K
EG icon
477
Everest Group
EG
$14.4B
$3.11M 0.02%
17,020
– –
TFX icon
478
Teleflex
TFX
$5.98B
$3.11M 0.02%
17,530
+900
+5% +$147K
EXPD icon
479
Expeditors International
EXPD
$23.2B
$3.1M 0.02%
63,295
+600
+1% +$29.1K
CPT icon
480
Camden Property Trust
CPT
$11.3B
$3.09M 0.02%
34,900
+200
+0.6% +$16.7K
SRCL
481
DELISTED
Stericycle Inc
SRCL
$3.07M 0.02%
29,457
+200
+0.7% +$21.4K
ARE icon
482
Alexandria Real Estate Equities
ARE
$8.56B
$3.06M 0.02%
29,600
+300
+1% +$28.6K
EWI icon
483
iShares MSCI Italy ETF
EWI
$1.08B
$3.04M 0.02%
140,000
– –
NFX
484
DELISTED
Newfield Exploration
NFX
$3.02M 0.02%
68,372
+200
+0.3% +$7.68K
BBY icon
485
Best Buy
BBY
$17.3B
$3M 0.02%
97,920
+900
+0.9% +$28.3K
NNN icon
486
NNN REIT
NNN
$8.99B
$2.99M 0.02%
57,800
+1,500
+3% +$69.5K
NI icon
487
NiSource
NI
$20.4B
$2.96M 0.02%
111,666
+1,600
+1% +$38.4K
CTAS icon
488
Cintas
CTAS
$81.3B
$2.96M 0.02%
120,572
– –
LEN icon
489
Lennar Class A
LEN
$21.2B
$2.94M 0.02%
66,973
+1,786
+3% +$78.2K
CDNS icon
490
Cadence Design Systems
CDNS
$93.4B
$2.93M 0.02%
120,710
-1,200
-1% -$28.7K
FLG
491
Flagstar Bank National Association
FLG
$5.82B
$2.93M 0.02%
65,157
+467
+0.7% +$21.3K
AJG icon
492
Arthur J. Gallagher & Co
AJG
$63.6B
$2.93M 0.02%
61,500
-9,200
-13% -$427K
HOLX
493
DELISTED
Hologic
HOLX
$2.92M 0.02%
84,300
-600
-0.7% -$20.8K
RL icon
494
Ralph Lauren
RL
$23.6B
$2.9M 0.02%
32,333
-200
-0.6% -$18.6K
VRSN icon
495
VeriSign
VRSN
$26.6B
$2.87M 0.02%
33,153
– –
ASH icon
496
Ashland
ASH
$3.5B
$2.86M 0.02%
51,004
-613
-1% -$33.9K
AES icon
497
AES
AES
$10.5B
$2.86M 0.02%
228,925
+1,800
+0.8% +$20.3K
HOG icon
498
Harley-Davidson
HOG
$2.71B
$2.85M 0.02%
62,949
-400
-0.6% -$18.4K
DCI icon
499
Donaldson
DCI
$11.4B
$2.8M 0.02%
81,620
+400
+0.5% +$13.4K
TNL icon
500
Travel + Leisure Co
TNL
$4.7B
$2.77M 0.02%
86,051
+222
+0.3% +$7.1K
18 19
20
21 22

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.