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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
BMS
626
DELISTED
Bemis
BMS
$1.94M 0.02%
38,100
+100
+0.3% +$5.15K
SPLS
627
DELISTED
Staples Inc
SPLS
$1.94M 0.02%
227,031
+2,500
+1% +$22K
AIZ icon
628
Assurant
AIZ
$14.3B
$1.94M 0.02%
20,997
-500
-2% -$43.7K
GRMN
629
Garmin
GRMN
$60B
$1.94M 0.02%
40,246
-500
-1% -$24.7K
DNKN
630
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.92M 0.02%
36,900
+100
+0.3% +$4.75K
ODFL icon
631
Old Dominion Freight Line
ODFL
$44.9B
$1.92M 0.02%
84,000
+1,500
+2% +$33.9K
MSCC
632
DELISTED
Microsemi Corp
MSCC
$1.91M 0.02%
45,600
+200
+0.4% +$7.65K
CASY icon
633
Casey's General Stores
CASY
$30.9B
$1.9M 0.02%
15,800
+100
+0.6% +$12.9K
EPC icon
634
Edgewell Personal Care
EPC
$1.31B
$1.89M 0.01%
23,744
-100
-0.4% -$8.06K
QEP
635
DELISTED
QEP RESOURCES, INC.
QEP
$1.88M 0.01%
96,400
+1,400
+1% +$25.8K
PII icon
636
Polaris
PII
$4.07B
$1.86M 0.01%
24,000
-100
-0.4% -$8.69K
NWSA icon
637
News Corp Class A
NWSA
$15.4B
$1.86M 0.01%
132,819
+600
+0.5% +$7.92K
NFG icon
638
National Fuel Gas
NFG
$7.65B
$1.85M 0.01%
34,180
-4,900
-13% -$277K
WRI
639
DELISTED
Weingarten Realty Investors
WRI
$1.84M 0.01%
47,300
+1,000
+2% +$41.2K
ACM icon
640
Aecom
ACM
$9.75B
$1.84M 0.01%
61,900
+400
+0.7% +$12.9K
CNI icon
641
Canadian National Railway
CNI
$76.6B
$1.83M 0.01%
28,000
– –
WPX
642
DELISTED
WPX Energy, Inc.
WPX
$1.83M 0.01%
138,600
+27,400
+25% +$304K
CGNX icon
643
Cognex
CGNX
$11.3B
$1.81M 0.01%
68,600
+400
+0.6% +$9.6K
TOL icon
644
Toll Brothers
TOL
$14.5B
$1.81M 0.01%
60,700
-500
-0.8% -$14.4K
TCO
645
DELISTED
Taubman Centers Inc.
TCO
$1.81M 0.01%
24,300
+100
+0.4% +$7.72K
OA
646
DELISTED
Orbital ATK, Inc.
OA
$1.8M 0.01%
23,600
+100
+0.4% +$7.96K
EV
647
DELISTED
Eaton Vance Corp.
EV
$1.78M 0.01%
45,700
+200
+0.4% +$7.65K
BC icon
648
Brunswick
BC
$5.28B
$1.77M 0.01%
36,300
-100
-0.3% -$4.77K
HRB icon
649
H&R Block
HRB
$5.86B
$1.77M 0.01%
76,422
-1,500
-2% -$35.1K
DCT
650
DELISTED
DCT Industrial Trust Inc.
DCT
$1.76M 0.01%
36,300
+800
+2% +$38.9K
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 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.