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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
TGNA
651
DELISTED
TEGNA Inc
TGNA
$1.75M 0.01%
118,106
-157
-0.1% -$2.29K
RHI icon
652
Robert Half
RHI
$4.37B
$1.74M 0.01%
45,660
+500
+1% +$20.4K
PTC icon
653
PTC
PTC
$16B
$1.73M 0.01%
46,039
+300
+0.7% +$10.7K
GRMN
654
Garmin
GRMN
$60B
$1.73M 0.01%
40,746
+200
+0.5% +$8.32K
ABMD
655
DELISTED
Abiomed Inc
ABMD
$1.73M 0.01%
15,800
+300
+2% +$29.8K
WSM icon
656
Williams-Sonoma
WSM
$29.6B
$1.72M 0.01%
66,000
– –
BRCD
657
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$1.72M 0.01%
+187,300
New +$1.68M
SENS icon
658
Senseonics Holdings Inc
SENS
$366M
$1.71M 0.01%
21,713
– –
DCT
659
DELISTED
DCT Industrial Trust Inc.
DCT
$1.71M 0.01%
+35,500
New +$1.51M
JWN
660
DELISTED
Nordstrom
JWN
$1.7M 0.01%
44,600
+400
+0.9% +$17.8K
AMSG
661
DELISTED
Amsurg Corp
AMSG
$1.68M 0.01%
21,700
+300
+1% +$23.2K
TECH icon
662
Bio-Techne
TECH
$11.3B
$1.68M 0.01%
59,600
+400
+0.7% +$10.3K
DINO icon
663
HF Sinclair
DINO
$14.5B
$1.68M 0.01%
70,590
+100
+0.1% +$2.98K
QEP
664
DELISTED
QEP RESOURCES, INC.
QEP
$1.68M 0.01%
95,000
+18,800
+25% +$325K
ENH
665
DELISTED
Endurance Specialty Holdings Ltd
ENH
$1.67M 0.01%
24,900
+300
+1% +$19.7K
GAP
666
The Gap Inc
GAP
$7.37B
$1.67M 0.01%
78,770
+900
+1% +$19.2K
ODFL icon
667
Old Dominion Freight Line
ODFL
$44.9B
$1.66M 0.01%
82,500
+300
+0.4% +$6.42K
NEU icon
668
NewMarket
NEU
$8.18B
$1.66M 0.01%
4,000
– –
CNI icon
669
Canadian National Railway
CNI
$76.6B
$1.65M 0.01%
28,000
– –
BC icon
670
Brunswick
BC
$5.28B
$1.65M 0.01%
36,400
+100
+0.3% +$4.74K
CXW icon
671
CoreCivic
CXW
$3.19B
$1.65M 0.01%
47,112
+300
+0.6% +$9.84K
IDA icon
672
Idacorp
IDA
$8.2B
$1.65M 0.01%
20,280
+200
+1% +$14.7K
OLN icon
673
Olin
OLN
$2.12B
$1.65M 0.01%
66,311
+400
+0.6% +$8.63K
TOL icon
674
Toll Brothers
TOL
$14.5B
$1.65M 0.01%
61,200
-700
-1% -$19.7K
CBRL icon
675
Cracker Barrel
CBRL
$1.29B
$1.65M 0.01%
9,600
– –
25 26
27
28 29

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.