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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
TGI
901
DELISTED
Triumph Group
TGI
$706K 0.01%
19,900
+400
+2% +$14.5K
TPH
902
DELISTED
Tri Pointe Homes
TPH
$691K 0.01%
58,500
+300
+0.5% +$3.51K
RAMP icon
903
LiveRamp
RAMP
$2.3B
$684K 0.01%
31,100
+100
+0.3% +$2.17K
OIS icon
904
Oil States International
OIS
$491M
$677K 0.01%
20,600
+100
+0.5% +$3.24K
FCN icon
905
FTI Consulting
FCN
$4.18B
$675K 0.01%
16,600
+100
+0.6% +$3.96K
TRMK icon
906
Trustmark
TRMK
$2.75B
$673K 0.01%
27,100
+100
+0.4% +$2.41K
VSH icon
907
Vishay Intertechnology
VSH
$5.43B
$673K 0.01%
54,352
+200
+0.4% +$2.49K
MSA icon
908
Mine Safety
MSA
$7.49B
$672K 0.01%
12,800
+100
+0.8% +$4.95K
TIME
909
DELISTED
Time Inc.
TIME
$672K 0.01%
40,837
-1,000
-2% -$15.5K
ALEX
910
DELISTED
Alexander & Baldwin
ALEX
$669K 0.01%
18,520
+200
+1% +$7.38K
DF
911
DELISTED
Dean Foods Company
DF
$667K 0.01%
36,850
+300
+0.8% +$5.32K
AVP
912
DELISTED
Avon Products, Inc.
AVP
$662K 0.01%
175,055
+1,300
+0.7% +$5.6K
WNR
913
DELISTED
Western Refining Inc
WNR
$662K 0.01%
32,100
+5,200
+19% +$122K
GNW icon
914
Genworth Financial
GNW
$3.71B
$658K 0.01%
254,862
+3,400
+1% +$11K
ODP
915
DELISTED
ODP
ODP
$658K 0.01%
19,870
+150
+0.8% +$7.32K
KLXI
916
DELISTED
KLX Inc.
KLXI
$657K 0.01%
25,143
+118
+0.5% +$3.25K
DBD
917
DELISTED
Diebold Nixdorf Incorporated
DBD
$649K 0.01%
26,130
+100
+0.4% +$2.58K
SAM icon
918
Boston Beer
SAM
$1.92B
$633K 0.01%
3,700
-100
-3% -$16.2K
DAN icon
919
Dana Inc
DAN
$3.06B
$626K ﹤0.01%
59,300
-300
-0.5% -$3.7K
HSNI
920
DELISTED
HSN, Inc.
HSNI
$626K ﹤0.01%
12,800
+100
+0.8% +$5.12K
CRS icon
921
Carpenter Technology
CRS
$28.4B
$616K ﹤0.01%
18,700
– –
PLCM
922
DELISTED
POLYCOM INC
PLCM
$612K ﹤0.01%
54,422
+2,100
+4% +$24.5K
AVNS
923
DELISTED
Avanos Medical
AVNS
$609K ﹤0.01%
18,720
+300
+2% +$9.19K
CHDN icon
924
Churchill Downs
CHDN
$6.12B
$607K ﹤0.01%
+28,800
New +$635K
NYT icon
925
New York Times
NYT
$10.2B
$599K ﹤0.01%
49,500
+500
+1% +$6.13K
35 36
37
38 39

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.