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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
JCP
801
DELISTED
J.C. Penney Company, Inc.
JCP
$1.14M 0.01%
123,840
+500
+0.4% +$4.76K
NJR icon
802
New Jersey Resources
NJR
$5.58B
$1.14M 0.01%
34,700
+200
+0.6% +$7.08K
CAB
803
DELISTED
Cabela's Inc
CAB
$1.14M 0.01%
20,700
+1,200
+6% +$61.4K
EQY
804
DELISTED
Equity One
EQY
$1.13M 0.01%
37,000
+500
+1% +$15.8K
ROL icon
805
Rollins
ROL
$18.2B
$1.13M 0.01%
86,938
+2,025
+2% +$25.8K
AHL
806
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.13M 0.01%
24,200
-200
-0.8% -$9.1K
AN icon
807
AutoNation
AN
$6.92B
$1.13M 0.01%
23,121
-1,600
-6% -$78.7K
FHI icon
808
Federated Hermes
FHI
$4.72B
$1.12M 0.01%
37,800
-37,400
-50% -$1.17M
NWE icon
809
NorthWestern Energy
NWE
$4.43B
$1.12M 0.01%
+19,400
New +$1.16M
EAT icon
810
Brinker International
EAT
$9.66B
$1.11M 0.01%
22,077
-300
-1% -$15.1K
CABO icon
811
Cable One
CABO
$212M
$1.11M 0.01%
1,900
+100
+6% +$54K
TEX icon
812
Terex
TEX
$7.74B
$1.11M 0.01%
43,700
-100
-0.2% -$2.33K
FLO icon
813
Flowers Foods
FLO
$1.57B
$1.11M 0.01%
73,250
+200
+0.3% +$3.31K
JOY
814
DELISTED
Joy Global Inc
JOY
$1.09M 0.01%
39,474
+100
+0.3% +$2.65K
SPN
815
DELISTED
Superior Energy Services, Inc.
SPN
$1.09M 0.01%
6,110
+30
+0.5% +$5.03K
IDCC icon
816
InterDigital
IDCC
$8.89B
$1.09M 0.01%
13,800
-100
-0.7% -$6.68K
MBFI
817
DELISTED
MB Financial Corp
MBFI
$1.09M 0.01%
+28,700
New +$1.1M
OII icon
818
Oceaneering
OII
$4.77B
$1.09M 0.01%
39,500
+100
+0.3% +$2.77K
LHO
819
DELISTED
LaSalle Hotel Properties
LHO
$1.09M 0.01%
45,500
+100
+0.2% +$2.63K
NTCT icon
820
NETSCOUT
NTCT
$2.79B
$1.08M 0.01%
37,000
-600
-2% -$16.5K
CDP icon
821
COPT Defense Properties
CDP
$4.21B
$1.08M 0.01%
38,100
+100
+0.3% +$2.89K
CNO icon
822
CNO Financial Group
CNO
$5.1B
$1.08M 0.01%
70,500
-1,400
-2% -$22.8K
LPX icon
823
Louisiana-Pacific
LPX
$5.49B
$1.08M 0.01%
57,199
-500
-0.9% -$9.68K
LM
824
DELISTED
Legg Mason, Inc.
LM
$1.08M 0.01%
32,176
-4,400
-12% -$147K
URBN icon
825
Urban Outfitters
URBN
$6.59B
$1.07M 0.01%
31,119
+1,000
+3% +$32.8K
31 32
33
34 35

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.