We are live on ! Find out more
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
USB icon
51
US Bancorp
USB
$99.6B
$52.1M 0.41%
1,290,738
+6,900
+0.5% +$287K
UNH icon
52
UnitedHealth
UNH
$370B
$51.9M 0.41%
367,313
+11,000
+3% +$1.47M
ABBV icon
53
AbbVie
ABBV
$432B
$50.3M 0.39%
812,363
-127,800
-14% -$7.79M
ARI
54
Apollo Commercial Real Estate
ARI
$884M
$47.9M 0.38%
2,980,768
+661,768
+29% +$10.6M
BAC icon
55
Bank of America
BAC
$440B
$47.6M 0.37%
3,584,977
-291,500
-8% -$4.09M
IJH icon
56
iShares Core S&P Mid-Cap ETF
IJH
$127B
$47.3M 0.37%
1,583,500
+500,000
+46% +$14.7M
ACN icon
57
Accenture
ACN
$106B
$45.5M 0.36%
402,002
– –
TXN icon
58
Texas Instruments
TXN
$261B
$45.1M 0.35%
719,814
+54,800
+8% +$3.26M
MA icon
59
Mastercard
MA
$495B
$44.9M 0.35%
509,700
+166,700
+49% +$15.9M
WMT icon
60
Walmart Inc
WMT
$889B
$44.4M 0.35%
1,824,102
+117,900
+7% +$2.73M
MDT icon
61
Medtronic
MDT
$110B
$43.5M 0.34%
501,790
+17,600
+4% +$1.42M
C icon
62
Citigroup
C
$226B
$43.4M 0.34%
1,024,830
-93,200
-8% -$4.12M
VIAB
63
DELISTED
Viacom Inc. Class B
VIAB
$41.2M 0.32%
993,968
-1,563,336
-61% -$64.6M
CL icon
64
Colgate-Palmolive
CL
$73.9B
$40.4M 0.32%
551,844
+244,500
+80% +$17.4M
MCK icon
65
McKesson
MCK
$103B
$40.3M 0.32%
215,753
+137,000
+174% +$24M
REGN icon
66
Regeneron Pharmaceuticals
REGN
$80.3B
$40.2M 0.31%
115,100
+13,200
+13% +$5.08M
AMGN icon
67
Amgen
AMGN
$219B
$39.7M 0.31%
260,962
+2,000
+0.8% +$311K
TJX icon
68
TJX Companies
TJX
$178B
$39.2M 0.31%
1,015,772
+526,800
+108% +$20.1M
GS icon
69
Goldman Sachs
GS
$302B
$38.8M 0.3%
261,082
-520,700
-67% -$81.2M
GD icon
70
General Dynamics
GD
$105B
$38.7M 0.3%
278,111
-17,000
-6% -$2.37M
SLB icon
71
SLB Ltd
SLB
$76.3B
$38.2M 0.3%
482,744
+51,261
+12% +$3.93M
MMM icon
72
3M
MMM
$94.3B
$38M 0.3%
259,714
+10,525
+4% +$1.48M
UPS icon
73
United Parcel Service
UPS
$88.9B
$37.3M 0.29%
345,862
+2,200
+0.6% +$229K
AX icon
74
Axos Financial
AX
$5.74B
$37.2M 0.29%
2,100,487
-741,613
-26% -$13.9M
MCD icon
75
McDonald's
MCD
$195B
$36.7M 0.29%
304,989
-5,400
-2% -$676K
1 2
3
4 5

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.