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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
TRIP icon
526
TripAdvisor
TRIP
$1.26B
$2.56M 0.02%
39,738
+500
+1% +$32.4K
UAA icon
527
Under Armour
UAA
$2.6B
$2.55M 0.02%
63,600
-61,400
-49% -$2.45M
RRC icon
528
Range Resources
RRC
$8.95B
$2.54M 0.02%
58,923
+500
+0.9% +$20.5K
WAB icon
529
Wabtec
WAB
$49.3B
$2.54M 0.02%
36,200
-500
-1% -$38.8K
WTRG icon
530
Essential Utilities
WTRG
$11.4B
$2.54M 0.02%
71,116
+500
+0.7% +$16.3K
PKG icon
531
Packaging Corp of America
PKG
$22.8B
$2.53M 0.02%
37,800
+200
+0.5% +$13.1K
STX icon
532
Seagate
STX
$184B
$2.52M 0.02%
103,668
+1,600
+2% +$38.8K
HP icon
533
Helmerich & Payne
HP
$3.71B
$2.52M 0.02%
37,580
+400
+1% +$24.7K
DRI icon
534
Darden Restaurants
DRI
$24.4B
$2.51M 0.02%
39,605
-100
-0.3% -$6.54K
CMA
535
DELISTED
Comerica
CMA
$2.5M 0.02%
60,876
+700
+1% +$29.8K
IEX icon
536
IDEX
IEX
$17.3B
$2.5M 0.02%
30,500
+200
+0.7% +$16.6K
JBHT icon
537
JB Hunt Transport Services
JBHT
$25.2B
$2.5M 0.02%
30,900
+200
+0.7% +$16.5K
ALK icon
538
Alaska Air
ALK
$5.58B
$2.5M 0.02%
42,800
-6,940
-14% -$479K
RGA icon
539
Reinsurance Group of America
RGA
$16.1B
$2.49M 0.02%
25,700
-300
-1% -$28.8K
RJF icon
540
Raymond James Financial
RJF
$34B
$2.49M 0.02%
75,788
-900
-1% -$30.8K
HBAN icon
541
Huntington Bancshares
HBAN
$35.5B
$2.48M 0.02%
277,486
+3,700
+1% +$36.4K
NTAP icon
542
NetApp
NTAP
$37.2B
$2.47M 0.02%
100,455
+900
+0.9% +$22.2K
TRMB icon
543
Trimble
TRMB
$13.9B
$2.46M 0.02%
100,800
+700
+0.7% +$17.5K
KRC icon
544
Kilroy Realty
KRC
$4.42B
$2.45M 0.02%
37,000
+200
+0.5% +$12.7K
QRVO icon
545
Qorvo
QRVO
$8.74B
$2.45M 0.02%
44,300
-200
-0.4% -$9.99K
ULTI
546
DELISTED
Ultimate Software Group Inc
ULTI
$2.44M 0.02%
11,600
+100
+0.9% +$19.8K
KSS icon
547
Kohl's
KSS
$2.19B
$2.42M 0.02%
63,806
-1,600
-2% -$63.6K
GL icon
548
Globe Life
GL
$14.3B
$2.41M 0.02%
38,946
+100
+0.3% +$5.84K
AIV
549
Aimco
AIV
$383M
$2.4M 0.02%
408,280
+3,753
+0.9% +$20.8K
STLD icon
550
Steel Dynamics
STLD
$37.6B
$2.39M 0.02%
97,700
+600
+0.6% +$14.7K
20 21
22
23 24

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.