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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
TECH icon
676
Bio-Techne
TECH
$11.3B
$1.64M 0.01%
60,000
+400
+0.7% +$11K
TGNA
677
DELISTED
TEGNA Inc
TGNA
$1.64M 0.01%
116,856
-1,250
-1% -$17.6K
CNK icon
678
Cinemark Holdings
CNK
$4.32B
$1.63M 0.01%
42,600
+200
+0.5% +$7.57K
CW icon
679
Curtiss-Wright
CW
$25.5B
$1.63M 0.01%
17,900
– –
THO icon
680
Thor Industries
THO
$4.14B
$1.63M 0.01%
19,200
+900
+5% +$69.9K
SNV
681
DELISTED
Synovus
SNV
$1.61M 0.01%
49,505
-900
-2% -$28.3K
VYX icon
682
NCR Voyix
VYX
$1.14B
$1.6M 0.01%
81,239
+652
+0.8% +$12.8K
NAVI icon
683
Navient
NAVI
$853M
$1.6M 0.01%
110,625
-4,200
-4% -$58.5K
CFR icon
684
Cullen/Frost Bankers
CFR
$10.2B
$1.6M 0.01%
22,200
+300
+1% +$20.8K
LECO icon
685
Lincoln Electric
LECO
$15.4B
$1.6M 0.01%
25,500
+400
+2% +$24.9K
POOL icon
686
Pool Corp
POOL
$7.5B
$1.6M 0.01%
16,900
– –
NVO
687
Novo Nordisk
NVO
$209B
$1.59M 0.01%
76,400
– –
IDA icon
688
Idacorp
IDA
$8.2B
$1.59M 0.01%
20,280
– –
NEU icon
689
NewMarket
NEU
$8.18B
$1.59M 0.01%
3,700
-300
-8% -$128K
HR
690
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.59M 0.01%
46,600
+1,300
+3% +$45.6K
GWR
691
DELISTED
Genesee & Wyoming Inc.
GWR
$1.59M 0.01%
23,000
+100
+0.4% +$6.55K
CRL icon
692
Charles River Laboratories
CRL
$12.8B
$1.58M 0.01%
19,000
+100
+0.5% +$8.38K
CY
693
DELISTED
Cypress Semiconductor
CY
$1.57M 0.01%
129,300
+4,200
+3% +$48K
FICO icon
694
Fair Isaac
FICO
$22.5B
$1.54M 0.01%
12,400
-100
-0.8% -$12.5K
DST
695
DELISTED
DST Systems Inc.
DST
$1.54M 0.01%
26,200
+1,200
+5% +$72.6K
PB icon
696
Prosperity Bancshares
PB
$8.89B
$1.54M 0.01%
28,000
+1,800
+7% +$95.4K
SMG icon
697
ScottsMiracle-Gro
SMG
$3.66B
$1.52M 0.01%
18,275
+100
+0.6% +$7.88K
SBH icon
698
Sally Beauty Holdings
SBH
$1.58B
$1.51M 0.01%
+58,900
New +$1.65M
DEO icon
699
Diageo
DEO
$53.6B
$1.51M 0.01%
13,000
– –
SKT icon
700
Tanger
SKT
$4.52B
$1.51M 0.01%
38,700
+600
+2% +$24.2K
26 27
28
29 30

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.