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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
+1.84%
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
$12.8B
AUM Growth
+$174M
Cap. Flow
+$40.2M
Cap. Flow %
0.31%
Top 10 Hldgs %
24.47%
Holding
987
New
29
Increased
635
Reduced
224
Closed
20

Top Buys

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$171M
2
XYZ
Block Inc
XYZ
+$128M
3
HON icon
Honeywell
HON
+$62.4M
4
VZ icon
Verizon
VZ
+$56.8M
5
TSLA icon
Tesla
TSLA
+$53.4M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$181M
2
GS icon
Goldman Sachs
GS
+$81.2M
3
APTV icon
Aptiv
APTV
+$72.4M
4
VIAB
Viacom Inc. Class B
VIAB
+$64.6M
5
GILD icon
Gilead Sciences
GILD
+$62M

Sector Composition

Rank Sector Weight
1 Financials 19.1%
2 Technology 14.28%
3 Healthcare 13.74%
4 Communication Services 9.56%
5 Industrials 9.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMP icon
826
Compass Minerals
CMP
$1.15B
$1.01M 0.01%
13,600
+100
+0.7% +$7.57K
LPX icon
827
Louisiana-Pacific
LPX
$5.49B
$1M 0.01%
57,699
+600
+1% +$10.6K
MZTI
828
The Marzetti Company
MZTI
$3.11B
$998K 0.01%
7,820
+100
+1% +$11.9K
X
829
DELISTED
US Steel
X
$991K 0.01%
58,800
+400
+0.7% +$6.72K
CTLT
830
DELISTED
CATALENT, INC.
CTLT
$989K 0.01%
43,000
+3,700
+9% +$97.6K
RRX icon
831
Regal Rexnord
RRX
$11.9B
$985K 0.01%
17,900
+100
+0.6% +$6.01K
WOLF icon
832
Wolfspeed
WOLF
$1.71B
$985K 0.01%
40,300
– –
CAB
833
DELISTED
Cabela's Inc
CAB
$976K 0.01%
19,500
+300
+2% +$14.9K
CIEN icon
834
Ciena
CIEN
$58.4B
$973K 0.01%
51,900
+300
+0.6% +$5.43K
VRE
835
DELISTED
Veris Residential
VRE
$972K 0.01%
36,000
+200
+0.6% +$5.12K
CVG
836
DELISTED
Convergys
CVG
$968K 0.01%
38,700
+200
+0.5% +$5.39K
SAIC icon
837
Saic
SAIC
$5.35B
$962K 0.01%
16,485
– –
APOL
838
DELISTED
Apollo Education Group Inc Class A
APOL
$961K 0.01%
105,342
-926,705
-90% -$8M
MDRX
839
DELISTED
Veradigm Inc. Common Stock
MDRX
$954K 0.01%
75,100
-500
-0.7% -$6.63K
AKRX
840
DELISTED
Akorn Inc
AKRX
$954K 0.01%
33,500
+1,500
+5% +$41.6K
LXK
841
DELISTED
Lexmark Intl Inc
LXK
$948K 0.01%
25,100
+400
+2% +$14.8K
UNFI icon
842
United Natural Foods
UNFI
$2.85B
$945K 0.01%
20,200
+100
+0.5% +$3.84K
ACH
843
Accendra Health
ACH
$214M
$942K 0.01%
25,200
+200
+0.8% +$7.52K
FULT icon
844
Fulton Financial
FULT
$4.64B
$940K 0.01%
69,600
+300
+0.4% +$4.11K
CABO icon
845
Cable One
CABO
$212M
$921K 0.01%
1,800
– –
ACIW icon
846
ACI Worldwide
ACIW
$5.42B
$912K 0.01%
46,750
-800
-2% -$16.2K
FCS
847
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$905K 0.01%
45,600
+300
+0.7% +$5.97K
WBMD
848
DELISTED
WebMD Health Corp.
WBMD
$901K 0.01%
+15,500
New +$970K
RAX
849
DELISTED
Rackspace Hosting Inc
RAX
$895K 0.01%
42,900
-1,500
-3% -$35K
BIG
850
DELISTED
Big Lots, Inc.
BIG
$892K 0.01%
17,800
-2,000
-10% -$94.8K
32 33
34
35 36

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 Q2 2016 Portfolio in Review

As of Q2 2016, State of Michigan Retirement System held 987 positions worth $12.8B, up 1.4% from $12.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2016: portfolio turnover was 5%. State of Michigan Retirement System opened 29 new positions and exited 20, leaving the 987-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2016 buy was Block Inc: 11,349,190 shares worth $103M.
  • State of Michigan Retirement System added most to Berkshire Hathaway Class B in Q2 2016, an estimated $171M increase.
  • State of Michigan Retirement System's biggest Q2 2016 reduction was Wells Fargo, cutting an estimated $181M.
  • State of Michigan Retirement System fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $20M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.8B portfolio in Q2 2016.
  • State of Michigan Retirement System opened 29 new positions and closed 20 in Q2 2016.
  • State of Michigan Retirement System's portfolio value rose 1.4% quarter-over-quarter to $12.8B.

Based on State of Michigan Retirement System's 13F filing for Q2 2016, filed 3 Aug 2016.