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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
FLIR
701
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.5M 0.01%
47,881
+100
+0.2% +$3.15K
EXP icon
702
Eagle Materials
EXP
$6.57B
$1.5M 0.01%
19,400
– –
TDY icon
703
Teledyne Technologies
TDY
$32B
$1.5M 0.01%
13,900
+100
+0.7% +$10.6K
BURL icon
704
Burlington
BURL
$23.2B
$1.5M 0.01%
+18,500
New +$1.43M
BRCD
705
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$1.49M 0.01%
161,400
-25,900
-14% -$241K
HRC
706
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.48M 0.01%
23,950
+1,100
+5% +$62K
TRN icon
707
Trinity Industries
TRN
$2.38B
$1.48M 0.01%
85,137
+1,111
+1% +$18.3K
AMSG
708
DELISTED
Amsurg Corp
AMSG
$1.48M 0.01%
22,100
+400
+2% +$27.9K
HAIN icon
709
Hain Celestial
HAIN
$53.7M
$1.48M 0.01%
41,600
+100
+0.2% +$4.38K
PRXL
710
DELISTED
Parexel International Corp
PRXL
$1.48M 0.01%
21,300
+100
+0.5% +$6.75K
MMS icon
711
Maximus
MMS
$3.1B
$1.48M 0.01%
26,100
+100
+0.4% +$5.82K
PWR icon
712
Quanta Services
PWR
$101B
$1.48M 0.01%
52,744
+300
+0.6% +$7.64K
ZBRA icon
713
Zebra Technologies
ZBRA
$17.8B
$1.48M 0.01%
21,200
+200
+1% +$12.3K
PVTB
714
DELISTED
PrivateBancorp Inc
PVTB
$1.47M 0.01%
32,000
+100
+0.3% +$4.49K
CST
715
DELISTED
CST Brands, Inc.
CST
$1.47M 0.01%
30,484
+100
+0.3% +$4.6K
WSO icon
716
Watsco Inc
WSO
$13.6B
$1.47M 0.01%
10,400
– –
EME icon
717
Emcor
EME
$36B
$1.46M 0.01%
24,500
-1,500
-6% -$82.9K
LYV icon
718
Live Nation Entertainment
LYV
$42.1B
$1.46M 0.01%
53,100
-5,500
-9% -$143K
CHK
719
DELISTED
Chesapeake Energy Corporation
CHK
$1.43M 0.01%
1,139
+123
+12% +$142K
GPOR
720
DELISTED
Gulfport Energy Corp.
GPOR
$1.43M 0.01%
50,500
+200
+0.4% +$5.7K
FHN icon
721
First Horizon
FHN
$12.1B
$1.42M 0.01%
93,383
+100
+0.1% +$1.48K
PPS
722
DELISTED
Post Properties
PPS
$1.42M 0.01%
21,500
– –
WBD icon
723
Warner Bros
WBD
$67.1B
$1.42M 0.01%
52,637
+400
+0.8% +$10.3K
TDC icon
724
Teradata
TDC
$2.55B
$1.41M 0.01%
45,512
+400
+0.9% +$11.9K
OZK icon
725
Bank OZK
OZK
$5.61B
$1.41M 0.01%
36,600
+3,800
+12% +$144K
27 28
29
30 31

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.