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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
AOS icon
501
A.O. Smith
AOS
$8.7B
$2.94M 0.02%
59,600
-200
-0.3% -$9.34K
TSS
502
DELISTED
Total System Services, Inc.
TSS
$2.92M 0.02%
62,033
+3,400
+6% +$171K
CBRE icon
503
CBRE Group
CBRE
$42.9B
$2.92M 0.02%
104,260
+2,900
+3% +$82.8K
AVY icon
504
Avery Dennison
AVY
$13.4B
$2.91M 0.02%
37,450
+6,500
+21% +$496K
ASH icon
505
Ashland
ASH
$3.5B
$2.89M 0.02%
51,004
– –
UNM icon
506
Unum
UNM
$14.3B
$2.89M 0.02%
81,909
-700
-0.8% -$23.7K
HII icon
507
Huntington Ingalls Industries
HII
$12.8B
$2.89M 0.02%
18,834
– –
RPM icon
508
RPM International
RPM
$15B
$2.88M 0.02%
53,618
+300
+0.6% +$15.9K
FFIV icon
509
F5
FFIV
$22.7B
$2.88M 0.02%
23,084
-200
-0.9% -$24.3K
CMA
510
DELISTED
Comerica
CMA
$2.87M 0.02%
60,676
-200
-0.3% -$9.06K
TRMB icon
511
Trimble
TRMB
$13.9B
$2.87M 0.02%
100,300
-500
-0.5% -$13.4K
IEX icon
512
IDEX
IEX
$17.3B
$2.86M 0.02%
30,600
+100
+0.3% +$9.03K
MAA icon
513
Mid-America Apartment Communities
MAA
$15.7B
$2.86M 0.02%
30,400
+100
+0.3% +$9.98K
ALGN icon
514
Align Technology
ALGN
$12.3B
$2.84M 0.02%
30,300
+1,000
+3% +$90.4K
ALK icon
515
Alaska Air
ALK
$5.58B
$2.83M 0.02%
43,000
+200
+0.5% +$13.2K
FLG
516
Flagstar Bank National Association
FLG
$5.82B
$2.79M 0.02%
65,357
+200
+0.3% +$8.79K
RGA icon
517
Reinsurance Group of America
RGA
$16.1B
$2.79M 0.02%
25,800
+100
+0.4% +$10.2K
ETFC
518
DELISTED
E*Trade Financial Corporation
ETFC
$2.78M 0.02%
95,550
-1,300
-1% -$33.6K
LEN icon
519
Lennar Class A
LEN
$21.2B
$2.77M 0.02%
68,864
+1,891
+3% +$83.8K
OHI icon
520
Omega Healthcare
OHI
$14.7B
$2.76M 0.02%
77,900
+11,400
+17% +$405K
CPRI icon
521
Capri Holdings
CPRI
$1.74B
$2.76M 0.02%
59,000
-44,300
-43% -$2.21M
KSS icon
522
Kohl's
KSS
$2.19B
$2.74M 0.02%
62,706
-1,100
-2% -$46.1K
TIF
523
DELISTED
Tiffany & Co.
TIF
$2.73M 0.02%
37,522
-600
-2% -$40K
AMG icon
524
Affiliated Managers Group
AMG
$9.76B
$2.72M 0.02%
18,800
+100
+0.5% +$14.3K
NI icon
525
NiSource
NI
$20.4B
$2.71M 0.02%
112,466
+800
+0.7% +$20K
19 20
21
22 23

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.