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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
C.WS.A
826
DELISTED
Citigroup Inc
C.WS.A
$1.07M 0.01%
19,500,000
– –
RRX icon
827
Regal Rexnord
RRX
$11.9B
$1.07M 0.01%
18,000
+100
+0.6% +$6.01K
LIVN icon
828
LivaNova
LIVN
$4.2B
$1.07M 0.01%
17,800
+700
+4% +$40.3K
MUSA icon
829
Murphy USA
MUSA
$9.61B
$1.06M 0.01%
14,825
– –
TXNM
830
TXNM Energy Inc
TXNM
$5.94B
$1.05M 0.01%
32,034
+100
+0.3% +$3.34K
WOLF icon
831
Wolfspeed
WOLF
$1.71B
$1.04M 0.01%
40,600
+300
+0.7% +$7.75K
FNB icon
832
FNB Corp
FNB
$6.75B
$1.04M 0.01%
84,600
+900
+1% +$11.1K
BWLD
833
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$1.04M 0.01%
7,400
-200
-3% -$31.1K
OI icon
834
O-I Glass
OI
$1.08B
$1.04M 0.01%
56,518
+300
+0.5% +$5.44K
UE icon
835
Urban Edge Properties
UE
$2.73B
$1.04M 0.01%
36,800
-300
-0.8% -$8.69K
MZTI
836
The Marzetti Company
MZTI
$3.11B
$1.03M 0.01%
7,820
– –
DY icon
837
Dycom Industries
DY
$12.3B
$1.03M 0.01%
+12,600
New +$1.11M
PBH icon
838
Prestige Consumer Healthcare
PBH
$2.6B
$1.03M 0.01%
21,300
+100
+0.5% +$5.06K
SF
839
Stifel
SF
$12.6B
$1.02M 0.01%
59,850
-225
-0.4% -$3.61K
LPNT
840
DELISTED
LifePoint Health, Inc.
LPNT
$1.02M 0.01%
17,200
-200
-1% -$12K
TDS icon
841
Telephone and Data Systems
TDS
$3.75B
$1.02M 0.01%
37,436
-600
-2% -$17.5K
SYNT
842
DELISTED
Syntel Inc
SYNT
$1.01M 0.01%
+24,200
New +$1.08M
CLH icon
843
Clean Harbors
CLH
$16.3B
$1.01M 0.01%
21,100
+100
+0.5% +$4.96K
FULT icon
844
Fulton Financial
FULT
$4.64B
$1.01M 0.01%
69,700
+100
+0.1% +$1.4K
HWC icon
845
Hancock Whitney
HWC
$6.24B
$1.01M 0.01%
31,200
+100
+0.3% +$3.02K
TXRH icon
846
Texas Roadhouse
TXRH
$13.7B
$1.01M 0.01%
25,800
+400
+2% +$17.9K
LXK
847
DELISTED
Lexmark Intl Inc
LXK
$1.01M 0.01%
25,200
+100
+0.4% +$3.64K
CAA
848
DELISTED
CalAtlantic Group, Inc.
CAA
$1M 0.01%
30,000
+100
+0.3% +$3.66K
CMP icon
849
Compass Minerals
CMP
$1.15B
$1M 0.01%
13,600
– –
TCF
850
DELISTED
TCF Financial Corporation
TCF
$999K 0.01%
68,860
+200
+0.3% +$2.77K
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 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.