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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
CPRT icon
601
Copart
CPRT
$27.5B
$2.1M 0.02%
313,216
-6,400
-2% -$40.8K
WCG
602
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.08M 0.02%
17,800
– –
PACW
603
DELISTED
PacWest Bancorp
PACW
$2.08M 0.02%
48,500
+2,600
+6% +$108K
JLL icon
604
Jones Lang LaSalle
JLL
$16.7B
$2.07M 0.02%
18,200
+100
+0.6% +$11.2K
TTC icon
605
Toro Company
TTC
$9.49B
$2.07M 0.02%
44,200
– –
ABMD
606
DELISTED
Abiomed Inc
ABMD
$2.07M 0.02%
16,100
+300
+2% +$35.9K
HIW icon
607
Highwoods Properties
HIW
$3.47B
$2.07M 0.02%
39,700
+600
+2% +$31.9K
SCI icon
608
Service Corp International
SCI
$11.6B
$2.07M 0.02%
77,900
+200
+0.3% +$5.42K
UTHR icon
609
United Therapeutics
UTHR
$23.1B
$2.07M 0.02%
17,500
-400
-2% -$48.1K
DISCK
610
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.06M 0.02%
78,277
-4,700
-6% -$116K
HAR
611
DELISTED
Harman International Industries
HAR
$2.05M 0.02%
24,314
-200
-0.8% -$16.4K
PTC icon
612
PTC
PTC
$16B
$2.05M 0.02%
46,239
+200
+0.4% +$8.29K
AMD icon
613
Advanced Micro Devices
AMD
$789B
$2.04M 0.02%
295,600
+37,700
+15% +$241K
RGLD icon
614
Royal Gold
RGLD
$19.5B
$2.04M 0.02%
26,300
+100
+0.4% +$8.03K
EPR icon
615
EPR Properties
EPR
$4.77B
$2.02M 0.02%
25,600
+100
+0.4% +$7.99K
POST icon
616
Post Holdings
POST
$3.57B
$2.01M 0.02%
39,728
+306
+0.8% +$16.8K
MDU icon
617
MDU Resources
MDU
$4.32B
$2M 0.02%
206,609
+526
+0.3% +$4.8K
MAN icon
618
ManpowerGroup
MAN
$2.63B
$2M 0.02%
27,630
-1,100
-4% -$75.8K
RNR icon
619
RenaissanceRe
RNR
$13.4B
$2M 0.02%
16,600
-700
-4% -$82.5K
THS
620
DELISTED
Treehouse Foods
THS
$1.99M 0.02%
22,800
+200
+0.9% +$19.2K
CF icon
621
CF Industries
CF
$17.3B
$1.98M 0.02%
81,365
+400
+0.5% +$9.76K
GNW icon
622
Genworth Financial
GNW
$3.71B
$1.98M 0.02%
398,762
+143,900
+56% +$553K
SIG icon
623
Signet Jewelers
SIG
$3.76B
$1.97M 0.02%
26,400
-700
-3% -$59.2K
SVC
624
Service Properties Trust
SVC
$1.07B
$1.96M 0.02%
13,220
+1,060
+9% +$162K
ATR icon
625
AptarGroup
ATR
$8.61B
$1.96M 0.02%
25,300
– –
23 24
25
26 27

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.