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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
UNH icon
51
UnitedHealth
UNH
$370B
$50.6M 0.4%
361,413
-5,900
-2% -$826K
CRM icon
52
Salesforce
CRM
$158B
$50.4M 0.4%
705,984
-213,300
-23% -$16.6M
CL icon
53
Colgate-Palmolive
CL
$74.4B
$49.2M 0.39%
663,144
+111,300
+20% +$8.23M
IJH icon
54
iShares Core S&P Mid-Cap ETF
IJH
$127B
$49M 0.39%
1,583,500
– –
ARI
55
Apollo Commercial Real Estate
ARI
$885M
$48.8M 0.38%
2,980,768
– –
TWX
56
DELISTED
Time Warner Inc
TWX
$48.1M 0.38%
604,803
+331,600
+121% +$25.9M
C icon
57
Citigroup
C
$226B
$48.1M 0.38%
1,019,230
-5,600
-0.5% -$255K
FTAI icon
58
FTAI Aviation
FTAI
$22.2B
$47.2M 0.37%
4,422,777
– –
REGN icon
59
Regeneron Pharmaceuticals
REGN
$80.8B
$43.9M 0.35%
109,200
-5,900
-5% -$2.37M
WMT icon
60
Walmart Inc
WMT
$890B
$43.7M 0.34%
1,819,302
-4,800
-0.3% -$116K
AMGN icon
61
Amgen
AMGN
$222B
$43.6M 0.34%
261,162
+200
+0.1% +$33.8K
TSCO icon
62
Tractor Supply
TSCO
$18B
$43.5M 0.34%
3,226,500
-180,500
-5% -$3M
GS icon
63
Goldman Sachs
GS
$303B
$41.7M 0.33%
258,482
-2,600
-1% -$423K
MDT icon
64
Medtronic
MDT
$112B
$41.7M 0.33%
482,290
-19,500
-4% -$1.7M
LMT icon
65
Lockheed Martin
LMT
$136B
$40.8M 0.32%
170,222
-71,405
-30% -$17.9M
GD icon
66
General Dynamics
GD
$106B
$40.7M 0.32%
262,611
-15,500
-6% -$2.31M
EMR icon
67
Emerson Electric
EMR
$88.3B
$39.9M 0.31%
731,427
+462,900
+172% +$24.8M
DHR icon
68
Danaher
DHR
$144B
$39.2M 0.31%
564,418
+237,138
+72% +$16.8M
TJX icon
69
TJX Companies
TJX
$178B
$38.8M 0.31%
1,036,372
+20,600
+2% +$806K
SLB icon
70
SLB Ltd
SLB
$75B
$38.2M 0.3%
485,344
+2,600
+0.5% +$206K
UPS icon
71
United Parcel Service
UPS
$88.9B
$38M 0.3%
347,262
+1,400
+0.4% +$153K
NOC icon
72
Northrop Grumman
NOC
$81.2B
$37.8M 0.3%
176,489
+13,300
+8% +$2.88M
QCOM icon
73
Qualcomm
QCOM
$176B
$37.2M 0.29%
543,295
+4,000
+0.7% +$243K
MMM icon
74
3M
MMM
$94.3B
$37.2M 0.29%
252,299
-7,415
-3% -$1.11M
MCK icon
75
McKesson
MCK
$101B
$36.1M 0.28%
216,353
+600
+0.3% +$112K
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 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.