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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
ENR icon
776
Energizer
ENR
$1.55B
$1.25M 0.01%
24,944
+100
+0.4% +$4.91K
TCF
777
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.24M 0.01%
+28,200
New +$1.2M
IPGP icon
778
IPG Photonics
IPGP
$3.84B
$1.24M 0.01%
15,000
+300
+2% +$25.1K
NRG icon
779
NRG Energy
NRG
$24.8B
$1.23M 0.01%
110,036
+600
+0.5% +$7.82K
R icon
780
Ryder
R
$10.1B
$1.23M 0.01%
18,691
– –
AEO icon
781
American Eagle Outfitters
AEO
$3.01B
$1.23M 0.01%
68,775
+2,000
+3% +$35.9K
VMI icon
782
Valmont Industries
VMI
$9.53B
$1.23M 0.01%
9,100
– –
CIEN icon
783
Ciena
CIEN
$58.4B
$1.21M 0.01%
55,600
+3,700
+7% +$77.2K
ENS icon
784
EnerSys
ENS
$6.99B
$1.21M 0.01%
+17,500
New +$1.17M
ESV
785
DELISTED
Ensco Rowan plc
ESV
$1.21M 0.01%
35,575
+100
+0.3% +$3.4K
MPWR icon
786
Monolithic Power Systems
MPWR
$68.9B
$1.21M 0.01%
+15,000
New +$1.11M
NATI
787
DELISTED
National Instruments Corp
NATI
$1.21M 0.01%
42,475
+2,000
+5% +$56.1K
TECD
788
DELISTED
Tech Data Corp
TECD
$1.2M 0.01%
14,150
– –
ISIL
789
DELISTED
Intersil Corp
ISIL
$1.2M 0.01%
54,500
+300
+0.6% +$5.2K
PBI icon
790
Pitney Bowes
PBI
$2.39B
$1.18M 0.01%
64,759
-800
-1% -$14.7K
CVG
791
DELISTED
Convergys
CVG
$1.17M 0.01%
38,600
-100
-0.3% -$2.83K
BDC icon
792
Belden
BDC
$5.19B
$1.17M 0.01%
17,000
+100
+0.6% +$6.95K
ASB icon
793
Associated Banc-Corp
ASB
$5.91B
$1.17M 0.01%
59,789
-500
-0.8% -$9.45K
SGI
794
Somnigroup International
SGI
$13.7B
$1.16M 0.01%
82,000
-15,600
-16% -$278K
SFM icon
795
Sprouts Farmers Market
SFM
$8.01B
$1.16M 0.01%
56,200
-700
-1% -$15.5K
LNCE
796
DELISTED
Snyders-Lance, Inc.
LNCE
$1.16M 0.01%
34,400
+2,500
+8% +$86.6K
GME icon
797
GameStop
GME
$8.6B
$1.15M 0.01%
167,200
+400
+0.2% +$2.92K
MENT
798
DELISTED
Mentor Graphics Corp
MENT
$1.15M 0.01%
43,560
+3,200
+8% +$72.7K
LSTR icon
799
Landstar System
LSTR
$6.21B
$1.15M 0.01%
16,900
-100
-0.6% -$6.89K
AVNT icon
800
Avient
AVNT
$4.19B
$1.14M 0.01%
33,800
+100
+0.3% +$3.46K
30 31
32
33 34

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.