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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
JNS
876
DELISTED
Janus Capital Group Inc
JNS
$814K 0.01%
58,500
-100
-0.2% -$1.46K
HWC icon
877
Hancock Whitney
HWC
$6.24B
$812K 0.01%
31,100
+200
+0.6% +$5.09K
NE
878
DELISTED
Noble Corporation
NE
$804K 0.01%
97,600
-32,500
-25% -$310K
SYNA icon
879
Synaptics
SYNA
$4.15B
$796K 0.01%
14,800
+200
+1% +$13.7K
CEB
880
DELISTED
CEB Inc.
CEB
$796K 0.01%
12,900
-100
-0.8% -$6.25K
MTX icon
881
Minerals Technologies
MTX
$2.34B
$794K 0.01%
13,980
+100
+0.7% +$5.8K
MDP
882
DELISTED
Meredith Corporation
MDP
$784K 0.01%
15,100
– –
DNOW icon
883
DNOW Inc
DNOW
$3.02B
$782K 0.01%
43,127
+300
+0.7% +$5.27K
CMC icon
884
Commercial Metals
CMC
$8.31B
$777K 0.01%
46,000
-400
-0.9% -$6.88K
MCY icon
885
Mercury Insurance
MCY
$6.07B
$776K 0.01%
14,600
+100
+0.7% +$5.26K
CADE
886
DELISTED
Cadence Bank
CADE
$774K 0.01%
34,100
+300
+0.9% +$6.77K
IDCC icon
887
InterDigital
IDCC
$8.89B
$774K 0.01%
13,900
-100
-0.7% -$5.65K
WOR icon
888
Worthington Enterprises
WOR
$2.86B
$765K 0.01%
29,323
-162
-0.5% -$3.74K
SLAB icon
889
Silicon Laboratories
SLAB
$7.23B
$760K 0.01%
15,600
+200
+1% +$9.44K
KBR icon
890
KBR
KBR
$4.8B
$757K 0.01%
57,142
+400
+0.7% +$5.77K
XLE icon
891
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
$751K 0.01%
+22,000
New +$726K
DECK icon
892
Deckers Outdoor
DECK
$13.3B
$742K 0.01%
77,400
– –
SM icon
893
SM Energy
SM
$6.92B
$737K 0.01%
27,300
+400
+1% +$11.2K
ISIL
894
DELISTED
Intersil Corp
ISIL
$734K 0.01%
54,200
+1,200
+2% +$15.6K
ESL
895
DELISTED
Esterline Technologies
ESL
$732K 0.01%
11,800
– –
GVA icon
896
Granite Construction
GVA
$5.62B
$722K 0.01%
15,845
+100
+0.6% +$4.42K
GATX icon
897
GATX Corp
GATX
$6.27B
$721K 0.01%
16,390
-400
-2% -$18.3K
MLKN icon
898
MillerKnoll
MLKN
$1.67B
$718K 0.01%
24,030
+100
+0.4% +$3.07K
CVLT icon
899
Commault Systems
CVLT
$5.61B
$713K 0.01%
16,500
-300
-2% -$13.2K
KMT icon
900
Kennametal
KMT
$2.52B
$707K 0.01%
31,960
+200
+0.6% +$4.72K
34 35
36
37 38

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.