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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
RDC
901
DELISTED
Rowan Companies Plc
RDC
$766K 0.01%
50,500
+200
+0.4% +$2.93K
VSH icon
902
Vishay Intertechnology
VSH
$5.43B
$764K 0.01%
54,252
-100
-0.2% -$1.34K
MDP
903
DELISTED
Meredith Corporation
MDP
$764K 0.01%
14,700
-400
-3% -$21.4K
FCN icon
904
FTI Consulting
FCN
$4.18B
$758K 0.01%
17,000
+400
+2% +$17.3K
TRMK icon
905
Trustmark
TRMK
$2.75B
$750K 0.01%
27,200
+100
+0.4% +$2.68K
DBD
906
DELISTED
Diebold Nixdorf Incorporated
DBD
$749K 0.01%
30,230
+4,100
+16% +$109K
CMC icon
907
Commercial Metals
CMC
$8.31B
$746K 0.01%
46,100
+100
+0.2% +$1.63K
KLXI
908
DELISTED
KLX Inc.
KLXI
$746K 0.01%
25,143
– –
BID
909
DELISTED
Sotheby's
BID
$735K 0.01%
19,327
-1,600
-8% -$56.6K
CHDN icon
910
Churchill Downs
CHDN
$6.12B
$732K 0.01%
30,000
+1,200
+4% +$28.3K
GATX icon
911
GATX Corp
GATX
$6.27B
$726K 0.01%
16,290
-100
-0.6% -$4.41K
MSA icon
912
Mine Safety
MSA
$7.49B
$726K 0.01%
12,500
-300
-2% -$16.8K
THC icon
913
Tenet Healthcare
THC
$21.1B
$725K 0.01%
32,000
-7,900
-20% -$206K
DATA
914
DELISTED
Tableau Software, Inc.
DATA
$720K 0.01%
+13,019
New +$717K
HNI icon
915
HNI Corp
HNI
$3.59B
$714K 0.01%
17,940
+100
+0.6% +$5.06K
ALEX
916
DELISTED
Alexander & Baldwin
ALEX
$712K 0.01%
18,520
– –
EDIT icon
917
Editas Medicine
EDIT
$442M
$709K 0.01%
+52,573
New +$1.08M
CEB
918
DELISTED
CEB Inc.
CEB
$708K 0.01%
13,000
+100
+0.8% +$5.98K
PAY
919
DELISTED
Verifone Systems Inc
PAY
$704K 0.01%
44,700
+500
+1% +$9.08K
IBOC icon
920
International Bancshares
IBOC
$4.57B
$697K 0.01%
23,400
+1,200
+5% +$34.1K
POLY
921
DELISTED
Plantronics, Inc.
POLY
$696K 0.01%
13,400
– –
MLKN icon
922
MillerKnoll
MLKN
$1.67B
$690K 0.01%
24,130
+100
+0.4% +$3.3K
AAN.A
923
DELISTED
The Aaron's Company Inc Class A
AAN.A
$663K 0.01%
26,100
+100
+0.4% +$2.54K
CXW icon
924
CoreCivic
CXW
$3.19B
$656K 0.01%
47,312
+200
+0.4% +$4.78K
OIS icon
925
Oil States International
OIS
$491M
$653K 0.01%
20,700
+100
+0.5% +$3.07K
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 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.