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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
WBS icon
726
Webster Financial
WBS
$12.8B
$1.4M 0.01%
36,850
+100
+0.3% +$3.68K
ENDP
727
DELISTED
Endo International plc
ENDP
$1.39M 0.01%
69,200
-2,000
-3% -$39.8K
WWD icon
728
Woodward
WWD
$21.4B
$1.39M 0.01%
22,300
+200
+0.9% +$12K
CLGX
729
DELISTED
Corelogic, Inc.
CLGX
$1.39M 0.01%
35,500
-200
-0.6% -$7.97K
NBR icon
730
Nabors Industries
NBR
$1.21B
$1.39M 0.01%
2,281
+18
+0.8% +$8.87K
SXT icon
731
Sensient Technologies
SXT
$5.53B
$1.37M 0.01%
18,070
+100
+0.6% +$7.34K
CSRA
732
DELISTED
CSRA Inc.
CSRA
$1.37M 0.01%
50,873
+3,200
+7% +$82.6K
VSAT icon
733
Viasat
VSAT
$11.1B
$1.37M 0.01%
18,300
+200
+1% +$14.8K
CNX icon
734
CNX Resources
CNX
$5.2B
$1.36M 0.01%
85,320
-25,080
-23% -$370K
OLN icon
735
Olin
OLN
$2.12B
$1.36M 0.01%
66,511
+200
+0.3% +$4.3K
RAX
736
DELISTED
Rackspace Hosting Inc
RAX
$1.36M 0.01%
43,000
+100
+0.2% +$2.76K
BIO icon
737
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.36M 0.01%
8,300
-100
-1% -$15.2K
CPAY icon
738
Corpay
CPAY
$25.7B
$1.35M 0.01%
7,800
+4,500
+136% +$721K
AGCO icon
739
AGCO
AGCO
$7.2B
$1.35M 0.01%
27,400
-1,100
-4% -$52.8K
SM icon
740
SM Energy
SM
$6.87B
$1.35M 0.01%
35,000
+7,700
+28% +$247K
KEX icon
741
Kirby Corp
KEX
$6.93B
$1.35M 0.01%
21,700
+100
+0.5% +$5.74K
NUVA
742
DELISTED
NuVasive, Inc.
NUVA
$1.35M 0.01%
+20,200
New +$1.29M
RPT
743
Rithm Property Trust
RPT
$93.7M
$1.34M 0.01%
+16,905
New +$1.35M
PDCO
744
DELISTED
Patterson Companies, Inc.
PDCO
$1.34M 0.01%
29,090
+200
+0.7% +$9.46K
SNX icon
745
TD Synnex
SNX
$20.2B
$1.33M 0.01%
23,400
+200
+0.9% +$10.3K
CRUS icon
746
Cirrus Logic
CRUS
$6.26B
$1.33M 0.01%
+25,100
New +$1.21M
SWX icon
747
Southwest Gas
SWX
$6.67B
$1.33M 0.01%
19,100
+100
+0.5% +$7.37K
TUP
748
DELISTED
Tupperware Brands Corporation
TUP
$1.33M 0.01%
20,387
+100
+0.5% +$6.29K
UMPQ
749
DELISTED
Umpqua Holdings Corp
UMPQ
$1.33M 0.01%
88,600
+100
+0.1% +$1.56K
PTEN icon
750
Patterson-UTI
PTEN
$3.76B
$1.33M 0.01%
59,500
+400
+0.7% +$8.03K
28 29
30
31 32

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.