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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
TEX icon
851
Terex
TEX
$7.74B
$890K 0.01%
43,800
+500
+1% +$11.4K
INVX
852
Innovex International
INVX
$1.97B
$888K 0.01%
15,200
+100
+0.7% +$6.05K
RDC
853
DELISTED
Rowan Companies Plc
RDC
$888K 0.01%
50,300
+500
+1% +$8.66K
WAFD icon
854
WaFd
WAFD
$2.75B
$886K 0.01%
36,523
– –
CCP
855
DELISTED
Care Capital Properties, Inc.
CCP
$883K 0.01%
33,700
+300
+0.9% +$7.86K
UFS
856
DELISTED
DOMTAR CORPORATION (New)
UFS
$879K 0.01%
25,100
+100
+0.4% +$3.85K
CHK
857
DELISTED
Chesapeake Energy Corporation
CHK
$869K 0.01%
1,016
+131
+15% +$126K
TCF
858
DELISTED
TCF Financial Corporation
TCF
$869K 0.01%
68,660
+600
+0.9% +$7.93K
CAKE icon
859
Cheesecake Factory
CAKE
$5.33B
$862K 0.01%
17,899
-100
-0.6% -$5.04K
LIVN icon
860
LivaNova
LIVN
$4.2B
$859K 0.01%
17,100
+100
+0.6% +$5.05K
MENT
861
DELISTED
Mentor Graphics Corp
MENT
$858K 0.01%
40,360
+500
+1% +$10.4K
TKR icon
862
Timken Company
TKR
$9.03B
$849K 0.01%
27,700
-100
-0.4% -$3.35K
SF
863
Stifel
SF
$12.6B
$840K 0.01%
60,075
-2,250
-4% -$33.5K
NTCT icon
864
NETSCOUT
NTCT
$2.79B
$837K 0.01%
37,600
-1,700
-4% -$39.4K
SLGN icon
865
Silgan Holdings
SLGN
$4.41B
$835K 0.01%
32,462
+200
+0.6% +$5.14K
GHC icon
866
Graham Holdings Company
GHC
$5.02B
$832K 0.01%
1,700
– –
JOY
867
DELISTED
Joy Global Inc
JOY
$832K 0.01%
39,374
+300
+0.8% +$5.67K
WPG
868
DELISTED
Washington Prime Group Inc.
WPG
$832K 0.01%
8,258
+45
+0.5% +$4.21K
CATY icon
869
Cathay General Bancorp
CATY
$4.24B
$829K 0.01%
29,400
-100
-0.3% -$2.96K
HNI icon
870
HNI Corp
HNI
$3.59B
$829K 0.01%
17,840
+200
+1% +$8.77K
MOH icon
871
Molina Healthcare
MOH
$10.3B
$828K 0.01%
16,600
+200
+1% +$10.7K
URBN icon
872
Urban Outfitters
URBN
$6.59B
$828K 0.01%
30,119
+200
+0.7% +$5.75K
WEN icon
873
Wendy's
WEN
$1.46B
$823K 0.01%
85,543
-1,800
-2% -$18.9K
VLY icon
874
Valley National Bancorp
VLY
$8.04B
$819K 0.01%
89,814
+600
+0.7% +$5.61K
PAY
875
DELISTED
Verifone Systems Inc
PAY
$819K 0.01%
44,200
+200
+0.5% +$5.06K
33 34
35
36 37

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.