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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
RGLD icon
626
Royal Gold
RGLD
$19.5B
$1.89M 0.01%
26,200
+200
+0.8% +$11.9K
GXP
627
DELISTED
Great Plains Energy Incorporated
GXP
$1.89M 0.01%
62,010
+500
+0.8% +$15.3K
MDU icon
628
MDU Resources
MDU
$4.32B
$1.88M 0.01%
206,083
+1,052
+0.5% +$8.57K
EGN
629
DELISTED
Energen
EGN
$1.88M 0.01%
39,000
+300
+0.8% +$13.1K
BAC.WS.B
630
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$1.86M 0.01%
22,463,400
-36,600
-0.2% -$5.62K
AIZ icon
631
Assurant
AIZ
$14.3B
$1.85M 0.01%
21,497
-800
-4% -$67.2K
MANH icon
632
Manhattan Associates
MANH
$11.4B
$1.85M 0.01%
28,900
-200
-0.7% -$12.5K
FTNT icon
633
Fortinet
FTNT
$117B
$1.85M 0.01%
293,000
+2,000
+0.7% +$12.9K
MAN icon
634
ManpowerGroup
MAN
$2.63B
$1.85M 0.01%
28,730
-276,000
-91% -$21.4M
PACW
635
DELISTED
PacWest Bancorp
PACW
$1.83M 0.01%
45,900
+200
+0.4% +$7.84K
NVS icon
636
Novartis
NVS
$297B
$1.81M 0.01%
24,552
+8,370
+52% +$578K
NDSN icon
637
Nordson
NDSN
$17.3B
$1.8M 0.01%
21,560
+200
+0.9% +$16.1K
TCO
638
DELISTED
Taubman Centers Inc.
TCO
$1.8M 0.01%
24,200
+200
+0.8% +$14.1K
HRB icon
639
H&R Block
HRB
$5.86B
$1.79M 0.01%
77,922
-3,300
-4% -$73.4K
GNTX icon
640
Gentex
GNTX
$5.07B
$1.79M 0.01%
115,900
+600
+0.5% +$9.53K
ZION icon
641
Zions Bancorporation
ZION
$10.3B
$1.78M 0.01%
71,038
+600
+0.9% +$15.9K
STR
642
DELISTED
QUESTAR CORP
STR
$1.78M 0.01%
70,371
+500
+0.7% +$12.5K
MUR icon
643
Murphy Oil
MUR
$4.78B
$1.78M 0.01%
56,201
+500
+0.9% +$15.1K
FAF icon
644
First American
FAF
$7.58B
$1.77M 0.01%
44,000
+500
+1% +$18.7K
JLL icon
645
Jones Lang LaSalle
JLL
$16.7B
$1.76M 0.01%
18,100
+100
+0.6% +$11.5K
GGG icon
646
Graco
GGG
$13.5B
$1.76M 0.01%
66,900
+900
+1% +$24.2K
HAR
647
DELISTED
Harman International Industries
HAR
$1.76M 0.01%
24,514
– –
SSYS icon
648
Stratasys
SSYS
$774M
$1.75M 0.01%
76,603
-71,397
-48% -$1.67M
FEIC
649
DELISTED
FEI COMPANY
FEIC
$1.75M 0.01%
16,400
+100
+0.6% +$9.55K
SVC
650
Service Properties Trust
SVC
$1.07B
$1.75M 0.01%
12,160
+60
+0.5% +$7.91K
24 25
26
27 28

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.