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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
TER icon
651
Teradyne
TER
$59.3B
$1.76M 0.01%
81,400
-100
-0.1% -$2.06K
PNRA
652
DELISTED
Panera Bread Co
PNRA
$1.75M 0.01%
9,000
-100
-1% -$21.1K
CRI icon
653
Carter's
CRI
$1.47B
$1.74M 0.01%
20,100
-300
-1% -$30.1K
MPT
654
Medical Properties Trust
MPT
$2.81B
$1.74M 0.01%
118,000
+22,500
+24% +$340K
DINO icon
655
HF Sinclair
DINO
$14.5B
$1.74M 0.01%
71,090
+500
+0.7% +$12.6K
NVS icon
656
Novartis
NVS
$297B
$1.74M 0.01%
24,552
– –
FAF icon
657
First American
FAF
$7.58B
$1.74M 0.01%
44,200
+200
+0.5% +$8.3K
ORI icon
658
Old Republic International
ORI
$10.4B
$1.73M 0.01%
98,227
+400
+0.4% +$7.61K
DNB
659
DELISTED
Dun & Bradstreet
DNB
$1.73M 0.01%
12,646
+100
+0.8% +$13.4K
RHI icon
660
Robert Half
RHI
$4.37B
$1.72M 0.01%
45,460
-200
-0.4% -$7.62K
UNIT
661
Uniti Group
UNIT
$2.32B
$1.72M 0.01%
54,740
+100
+0.2% +$3.07K
MUR icon
662
Murphy Oil
MUR
$4.78B
$1.72M 0.01%
56,501
+300
+0.5% +$8.55K
PBCT
663
DELISTED
People's United Financial Inc
PBCT
$1.72M 0.01%
108,571
+600
+0.6% +$9.32K
FTR
664
DELISTED
Frontier Communications Corp.
FTR
$1.7M 0.01%
27,291
+126
+0.5% +$8.97K
GAP
665
The Gap Inc
GAP
$7.37B
$1.7M 0.01%
76,470
-2,300
-3% -$55.5K
SENS icon
666
Senseonics Holdings Inc
SENS
$366M
$1.69M 0.01%
21,713
– –
ENH
667
DELISTED
Endurance Specialty Holdings Ltd
ENH
$1.69M 0.01%
25,800
+900
+4% +$59.7K
WSM icon
668
Williams-Sonoma
WSM
$29.6B
$1.69M 0.01%
66,000
– –
JBL icon
669
Jabil
JBL
$35.8B
$1.68M 0.01%
76,900
+200
+0.3% +$4.16K
WEX icon
670
WEX
WEX
$6.31B
$1.68M 0.01%
15,500
– –
LSI
671
DELISTED
Life Storage, Inc.
LSI
$1.66M 0.01%
28,050
+150
+0.5% +$9.6K
MANH icon
672
Manhattan Associates
MANH
$11.4B
$1.66M 0.01%
28,800
-100
-0.3% -$6.02K
GGG icon
673
Graco
GGG
$13.5B
$1.66M 0.01%
67,200
+300
+0.4% +$7.5K
OSK icon
674
Oshkosh
OSK
$9.59B
$1.66M 0.01%
29,600
+200
+0.7% +$10.5K
CBSH icon
675
Commerce Bancshares
CBSH
$8.5B
$1.65M 0.01%
54,516
+163
+0.3% +$4.86K
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 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.