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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
ATO icon
476
Atmos Energy
ATO
$28.8B
$3.11M 0.02%
41,800
+800
+2% +$61.6K
DKS icon
477
Dick's Sporting Goods
DKS
$18.7B
$3.1M 0.02%
54,700
-5,100
-9% -$281K
PVH icon
478
PVH
PVH
$4.04B
$3.09M 0.02%
28,000
-200
-0.7% -$20.7K
EWI icon
479
iShares MSCI Italy ETF
EWI
$1.08B
$3.09M 0.02%
140,000
– –
PKG icon
480
Packaging Corp of America
PKG
$22.8B
$3.08M 0.02%
37,900
+100
+0.3% +$7.64K
SNA icon
481
Snap-on
SNA
$21.5B
$3.08M 0.02%
20,251
+100
+0.5% +$15.5K
COO icon
482
Cooper Companies
COO
$14.5B
$3.05M 0.02%
68,000
-9,600
-12% -$437K
LNT icon
483
Alliant Energy
LNT
$18B
$3.04M 0.02%
79,300
+400
+0.5% +$15.7K
BF.B icon
484
Brown-Forman Class B
BF.B
$13.1B
$3.02M 0.02%
99,459
-9,688
-9% -$301K
GNTX icon
485
Gentex
GNTX
$5.07B
$3.02M 0.02%
171,900
+56,000
+48% +$968K
NFX
486
DELISTED
Newfield Exploration
NFX
$3.01M 0.02%
69,272
+900
+1% +$39.6K
NNN icon
487
NNN REIT
NNN
$8.99B
$3.01M 0.02%
59,200
+1,400
+2% +$71.5K
XRX icon
488
Xerox
XRX
$425M
$3.01M 0.02%
112,734
-12,789
-10% -$330K
CDNS icon
489
Cadence Design Systems
CDNS
$93.4B
$3M 0.02%
117,710
-3,000
-2% -$75K
MOS icon
490
The Mosaic Company
MOS
$7.33B
$2.99M 0.02%
122,230
+700
+0.6% +$19.1K
TFX icon
491
Teleflex
TFX
$5.98B
$2.98M 0.02%
17,730
+200
+1% +$35.8K
WAB icon
492
Wabtec
WAB
$49.3B
$2.96M 0.02%
36,300
+100
+0.3% +$7.34K
GT icon
493
Goodyear
GT
$1.85B
$2.96M 0.02%
91,640
-700
-0.8% -$20.4K
AES icon
494
AES
AES
$10.5B
$2.96M 0.02%
230,025
+1,100
+0.5% +$13.7K
RJF icon
495
Raymond James Financial
RJF
$34B
$2.95M 0.02%
76,088
+300
+0.4% +$11.1K
PNW icon
496
Pinnacle West Capital
PNW
$12.2B
$2.95M 0.02%
38,823
+200
+0.5% +$15.6K
CSC
497
DELISTED
Computer Sciences
CSC
$2.95M 0.02%
56,500
+800
+1% +$38.6K
CPT icon
498
Camden Property Trust
CPT
$11.3B
$2.95M 0.02%
35,200
+300
+0.9% +$26.2K
DPZ icon
499
Domino's
DPZ
$11.6B
$2.95M 0.02%
19,400
-700
-3% -$102K
IT icon
500
Gartner
IT
$11.7B
$2.94M 0.02%
33,300
+200
+0.6% +$18.8K
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 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.