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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
AVNS
926
DELISTED
Avanos Medical
AVNS
$652K 0.01%
18,820
+100
+0.5% +$3.5K
PCH
927
DELISTED
PotlatchDeltic
PCH
$636K 0.01%
16,341
– –
CHS
928
DELISTED
Chicos FAS, Inc.
CHS
$632K 0.01%
53,100
-100
-0.2% -$1.18K
NE
929
DELISTED
Noble Corporation
NE
$621K ﹤0.01%
97,900
+300
+0.3% +$2.02K
WDR
930
DELISTED
Waddell & Reed Financial, Inc.
WDR
$605K ﹤0.01%
33,300
+600
+2% +$10.9K
DF
931
DELISTED
Dean Foods Company
DF
$596K ﹤0.01%
36,350
-500
-1% -$8.74K
NWS icon
932
News Corp Class B
NWS
$17.5B
$594K ﹤0.01%
41,800
+4,400
+12% +$59.9K
NYT icon
933
New York Times
NYT
$10.2B
$586K ﹤0.01%
49,000
-500
-1% -$6.34K
TIME
934
DELISTED
Time Inc.
TIME
$584K ﹤0.01%
40,337
-500
-1% -$7.54K
NSR
935
DELISTED
Neustar Inc
NSR
$584K ﹤0.01%
21,960
+100
+0.5% +$2.5K
SAM icon
936
Boston Beer
SAM
$1.92B
$559K ﹤0.01%
3,600
-100
-3% -$17.4K
TGI
937
DELISTED
Triumph Group
TGI
$555K ﹤0.01%
19,900
– –
SCOR icon
938
Comscore
SCOR
$109M
$552K ﹤0.01%
900
-45
-5% -$25.5K
KBH icon
939
KB Home
KBH
$3.59B
$537K ﹤0.01%
33,300
-200
-0.6% -$3.15K
RH icon
940
RH
RH
$3.71B
$533K ﹤0.01%
15,400
+200
+1% +$6.37K
CYH icon
941
Community Health Systems
CYH
$423M
$527K ﹤0.01%
45,694
+400
+0.9% +$4.61K
CVSA
942
Covista Inc
CVSA
$4.8B
$526K ﹤0.01%
22,800
+100
+0.4% +$2.23K
XLB icon
943
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
$525K ﹤0.01%
22,000
– –
DCM
944
DELISTED
NTT DOCOMO, Inc.
DCM
$521K ﹤0.01%
20,500
– –
DNR
945
DELISTED
Denbury Resources, Inc.
DNR
$518K ﹤0.01%
160,292
+19,600
+14% +$59.9K
GEF icon
946
Greif
GEF
$5.04B
$516K ﹤0.01%
10,400
+100
+1% +$4.28K
HSNI
947
DELISTED
HSN, Inc.
HSNI
$509K ﹤0.01%
12,800
– –
KN icon
948
Knowles
KN
$3.34B
$502K ﹤0.01%
35,711
+200
+0.6% +$2.83K
TLN
949
DELISTED
Talen Energy Corporation
TLN
$481K ﹤0.01%
34,702
+8,900
+34% +$122K
WT icon
950
WisdomTree
WT
$3.22B
$475K ﹤0.01%
46,200
+800
+2% +$8.34K
36 37
38
39 40

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.