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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
FR icon
751
First Industrial Realty Trust
FR
$8.44B
$1.33M 0.01%
47,000
+100
+0.2% +$2.85K
CBT icon
752
Cabot Corp
CBT
$4.52B
$1.31M 0.01%
25,080
– –
DLX icon
753
Deluxe
DLX
$1.15B
$1.31M 0.01%
19,662
– –
WKC icon
754
World Kinect Corp
WKC
$1.86B
$1.31M 0.01%
28,400
– –
RYN icon
755
Rayonier
RYN
$6.55B
$1.31M 0.01%
54,460
+220
+0.4% +$5.37K
CAR icon
756
Avis
CAR
$5.02B
$1.3M 0.01%
+38,100
New +$1.38M
OGS icon
757
ONE Gas
OGS
$5.04B
$1.3M 0.01%
21,057
+100
+0.5% +$6.34K
THG icon
758
Hanover Insurance
THG
$7.98B
$1.3M 0.01%
17,250
– –
CTLT
759
DELISTED
CATALENT, INC.
CTLT
$1.3M 0.01%
50,200
+7,200
+17% +$179K
ITT icon
760
ITT
ITT
$19.1B
$1.29M 0.01%
+36,100
New +$1.23M
BKH icon
761
Black Hills Corp
BKH
$5.69B
$1.29M 0.01%
21,090
+400
+2% +$24.4K
WGL
762
DELISTED
Wgl Holdings
WGL
$1.29M 0.01%
20,540
+300
+1% +$20K
SLM icon
763
SLM Corp
SLM
$5.15B
$1.29M 0.01%
172,225
+500
+0.3% +$3.59K
ZD icon
764
Ziff Davis
ZD
$1.98B
$1.29M 0.01%
22,195
+805
+4% +$46.9K
X
765
DELISTED
US Steel
X
$1.28M 0.01%
67,800
+9,000
+15% +$186K
RIG icon
766
Transocean
RIG
$5.82B
$1.28M 0.01%
119,900
+600
+0.5% +$6.34K
CLC
767
DELISTED
Clarcor
CLC
$1.27M 0.01%
19,600
+100
+0.5% +$6.32K
CBRL icon
768
Cracker Barrel
CBRL
$1.29B
$1.27M 0.01%
9,600
– –
EDR
769
DELISTED
Education Realty Trust Inc
EDR
$1.27M 0.01%
29,400
+2,900
+11% +$133K
JACK icon
770
Jack in the Box
JACK
$335M
$1.27M 0.01%
13,200
+100
+0.8% +$9.48K
BOH icon
771
Bank of Hawaii
BOH
$3.13B
$1.26M 0.01%
17,290
– –
CXT icon
772
Crane NXT
CXT
$3.07B
$1.26M 0.01%
57,384
– –
SAIC icon
773
Saic
SAIC
$5.35B
$1.25M 0.01%
18,085
+1,600
+10% +$101K
AMCX icon
774
AMC Global Media
AMCX
$489M
$1.25M 0.01%
24,150
-400
-2% -$21.9K
IDTI
775
DELISTED
Integrated Device Technology I
IDTI
$1.25M 0.01%
54,020
+400
+0.7% +$8.26K
29 30
31
32 33

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.