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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
JKHY icon
526
Jack Henry & Associates
JKHY
$11.1B
$2.71M 0.02%
31,650
-20,100
-39% -$1.76M
EFOI icon
527
Energy Focus
EFOI
$20.3M
$2.71M 0.02%
15,808
+1,286
+9% +$218K
DRI icon
528
Darden Restaurants
DRI
$24.4B
$2.7M 0.02%
44,005
+4,400
+11% +$273K
WYNN icon
529
Wynn Resorts
WYNN
$10.6B
$2.7M 0.02%
27,674
-600
-2% -$58.5K
NDAQ icon
530
Nasdaq
NDAQ
$52.9B
$2.69M 0.02%
119,385
-600
-0.5% -$13.9K
ACC
531
DELISTED
American Campus Communities, Inc.
ACC
$2.67M 0.02%
52,500
+200
+0.4% +$10.3K
FDS icon
532
Factset
FDS
$10.2B
$2.66M 0.02%
16,400
– –
MNK
533
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$2.62M 0.02%
37,600
-400
-1% -$28.9K
TNL icon
534
Travel + Leisure Co
TNL
$4.7B
$2.58M 0.02%
84,943
-1,108
-1% -$35.4K
HIBB
535
DELISTED
Hibbett, Inc. Common Stock
HIBB
$2.58M 0.02%
+64,600
New +$2.43M
KRC icon
536
Kilroy Realty
KRC
$4.42B
$2.57M 0.02%
37,100
+100
+0.3% +$7.04K
SBNY
537
DELISTED
Signature Bank
SBNY
$2.56M 0.02%
21,600
+100
+0.5% +$12K
OGE icon
538
OGE Energy
OGE
$9.71B
$2.54M 0.02%
80,420
+300
+0.4% +$9.5K
VRSN icon
539
VeriSign
VRSN
$26.6B
$2.54M 0.02%
32,453
-700
-2% -$56.2K
STE icon
540
Steris
STE
$23.1B
$2.54M 0.02%
34,700
+200
+0.6% +$14.1K
HP icon
541
Helmerich & Payne
HP
$3.71B
$2.54M 0.02%
37,680
+100
+0.3% +$6.28K
TRIP icon
542
TripAdvisor
TRIP
$1.26B
$2.52M 0.02%
39,838
+100
+0.3% +$6.43K
AIV
543
Aimco
AIV
$383M
$2.51M 0.02%
410,532
+2,252
+0.6% +$13.6K
MKTX icon
544
MarketAxess Holdings
MKTX
$5.72B
$2.5M 0.02%
15,100
– –
FLR icon
545
Fluor
FLR
$7.96B
$2.49M 0.02%
48,573
+200
+0.4% +$10.3K
JBHT icon
546
JB Hunt Transport Services
JBHT
$25.2B
$2.49M 0.02%
30,700
-200
-0.6% -$16.3K
QRVO icon
547
Qorvo
QRVO
$8.74B
$2.49M 0.02%
44,600
+300
+0.7% +$17K
SEIC icon
548
SEI Investments
SEIC
$12.6B
$2.49M 0.02%
54,500
-100
-0.2% -$4.69K
GL icon
549
Globe Life
GL
$14.3B
$2.48M 0.02%
38,846
-100
-0.3% -$6.29K
LDOS icon
550
Leidos
LDOS
$17.3B
$2.48M 0.02%
57,248
+31,323
+121% +$1.42M
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 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.