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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
LII icon
551
Lennox International
LII
$15.2B
$2.46M 0.02%
15,700
+100
+0.6% +$15.5K
UAA icon
552
Under Armour
UAA
$2.6B
$2.46M 0.02%
63,600
– –
STLD icon
553
Steel Dynamics
STLD
$37.6B
$2.45M 0.02%
98,100
+400
+0.4% +$10.2K
MD icon
554
Pediatrix Medical
MD
$2.2B
$2.45M 0.02%
37,000
-300
-0.8% -$20.5K
NVR icon
555
NVR
NVR
$17B
$2.4M 0.02%
1,464
– –
LPT
556
DELISTED
Liberty Property Trust
LPT
$2.38M 0.02%
59,100
+300
+0.5% +$12.1K
SWN
557
DELISTED
Southwestern Energy Company
SWN
$2.38M 0.02%
172,191
+7,800
+5% +$108K
SRCL
558
DELISTED
Stericycle Inc
SRCL
$2.38M 0.02%
29,657
+200
+0.7% +$18.1K
ULTI
559
DELISTED
Ultimate Software Group Inc
ULTI
$2.37M 0.02%
11,600
– –
URI icon
560
United Rentals
URI
$72.4B
$2.36M 0.02%
30,100
-600
-2% -$46K
WP
561
DELISTED
Worldpay, Inc.
WP
$2.36M 0.02%
41,900
– –
FTI icon
562
TechnipFMC
FTI
$27.3B
$2.33M 0.02%
105,792
+135
+0.1% +$2.73K
SIVB
563
DELISTED
SVB Financial Group
SIVB
$2.31M 0.02%
20,900
+100
+0.5% +$10.4K
ALLE icon
564
Allegion
ALLE
$14.4B
$2.31M 0.02%
33,505
+200
+0.6% +$14.1K
WRB icon
565
W.R. Berkley
WRB
$26.6B
$2.29M 0.02%
133,498
+675
+0.5% +$11.7K
RRC icon
566
Range Resources
RRC
$8.95B
$2.28M 0.02%
58,923
– –
TYL icon
567
Tyler Technologies
TYL
$12.8B
$2.28M 0.02%
13,300
+300
+2% +$50K
GXP
568
DELISTED
Great Plains Energy Incorporated
GXP
$2.28M 0.02%
83,410
+21,400
+35% +$613K
WOOF
569
DELISTED
VCA Inc.
WOOF
$2.27M 0.02%
32,500
+100
+0.3% +$6.99K
FMC icon
570
FMC
FMC
$1.33B
$2.26M 0.02%
53,824
+230
+0.4% +$9.47K
EGN
571
DELISTED
Energen
EGN
$2.26M 0.02%
39,100
+100
+0.3% +$5.22K
BAC.WS.B
572
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$2.25M 0.02%
22,463,400
– –
JBLU icon
573
JetBlue
JBLU
$2.29B
$2.25M 0.02%
130,223
+900
+0.7% +$15.4K
HUBB icon
574
Hubbell
HUBB
$27.2B
$2.23M 0.02%
20,714
-200
-1% -$21.2K
ZION icon
575
Zions Bancorporation
ZION
$10.3B
$2.22M 0.02%
71,538
+500
+0.7% +$14.2K
21 22
23
24 25

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.