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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
TKR icon
851
Timken Company
TKR
$9.03B
$998K 0.01%
28,400
+700
+3% +$23K
MOH icon
852
Molina Healthcare
MOH
$10.3B
$997K 0.01%
17,100
+500
+3% +$27.6K
VLY icon
853
Valley National Bancorp
VLY
$8.04B
$996K 0.01%
102,414
+12,600
+14% +$118K
AVP
854
DELISTED
Avon Products, Inc.
AVP
$995K 0.01%
175,855
+800
+0.5% +$3.99K
PRI icon
855
Primerica
PRI
$9.89B
$992K 0.01%
18,700
-200
-1% -$11K
MDRX
856
DELISTED
Veradigm Inc. Common Stock
MDRX
$989K 0.01%
75,100
– –
MTX icon
857
Minerals Technologies
MTX
$2.34B
$988K 0.01%
13,980
– –
VRE
858
DELISTED
Veris Residential
VRE
$983K 0.01%
36,100
+100
+0.3% +$2.77K
SLAB icon
859
Silicon Laboratories
SLAB
$7.23B
$982K 0.01%
16,700
+1,100
+7% +$59.4K
WAFD icon
860
WaFd
WAFD
$2.75B
$972K 0.01%
36,423
-100
-0.3% -$2.56K
VSTO
861
DELISTED
Vista Outdoor Inc.
VSTO
$969K 0.01%
24,300
-100
-0.4% -$4.42K
AKRX
862
DELISTED
Akorn Inc
AKRX
$968K 0.01%
35,500
+2,000
+6% +$59.2K
HELE icon
863
Helen of Troy
HELE
$693M
$965K 0.01%
11,200
+100
+0.9% +$9.37K
CCP
864
DELISTED
Care Capital Properties, Inc.
CCP
$963K 0.01%
33,800
+100
+0.3% +$2.9K
UFS
865
DELISTED
DOMTAR CORPORATION (New)
UFS
$936K 0.01%
25,200
+100
+0.4% +$3.68K
KMT icon
866
Kennametal
KMT
$2.52B
$930K 0.01%
32,060
+100
+0.3% +$2.64K
DNOW icon
867
DNOW Inc
DNOW
$2.99B
$926K 0.01%
43,227
+100
+0.2% +$2K
WPG
868
DELISTED
Washington Prime Group Inc.
WPG
$924K 0.01%
8,291
+33
+0.4% +$3.79K
CATY icon
869
Cathay General Bancorp
CATY
$4.24B
$917K 0.01%
29,800
+400
+1% +$12.1K
GHC icon
870
Graham Holdings Company
GHC
$5.02B
$915K 0.01%
1,900
+200
+12% +$100K
ACIW icon
871
ACI Worldwide
ACIW
$5.42B
$914K 0.01%
47,150
+400
+0.9% +$7.59K
CLF icon
872
Cleveland-Cliffs
CLF
$6.99B
$911K 0.01%
155,700
-71,700
-32% -$468K
CAKE icon
873
Cheesecake Factory
CAKE
$5.33B
$901K 0.01%
17,999
+100
+0.6% +$5.1K
DAN icon
874
Dana Inc
DAN
$3.06B
$900K 0.01%
57,700
-1,600
-3% -$21.8K
ESL
875
DELISTED
Esterline Technologies
ESL
$897K 0.01%
11,800
– –
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 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.