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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
WT icon
951
WisdomTree
WT
$3.22B
$444K ﹤0.01%
45,400
+200
+0.4% +$2.21K
NWS icon
952
News Corp Class B
NWS
$17.5B
$436K ﹤0.01%
37,400
+500
+1% +$6.23K
RH icon
953
RH
RH
$3.71B
$436K ﹤0.01%
+15,200
New +$544K
WERN icon
954
Werner Enterprises
WERN
$2.25B
$411K ﹤0.01%
17,875
– –
CVSA
955
Covista Inc
CVSA
$4.8B
$405K ﹤0.01%
22,700
+100
+0.4% +$1.76K
GES
956
DELISTED
Guess Inc
GES
$387K ﹤0.01%
25,700
+300
+1% +$4.96K
GEF icon
957
Greif
GEF
$5.04B
$384K ﹤0.01%
10,300
+100
+1% +$3.58K
ISCA
958
DELISTED
International Speedway Corp
ISCA
$356K ﹤0.01%
10,650
– –
TLN
959
DELISTED
Talen Energy Corporation
TLN
$350K ﹤0.01%
25,802
+600
+2% +$7.35K
BGS icon
960
B&G Foods
BGS
$286M
$289K ﹤0.01%
+6,000
New +$245K
TR icon
961
Tootsie Roll Industries
TR
$2.98B
$276K ﹤0.01%
9,640
-1
-0% -$27
CARB
962
DELISTED
Carbonite Inc
CARB
$250K ﹤0.01%
+25,734
New +$226K
FMI
963
DELISTED
Foundation Medicine, Inc.
FMI
$224K ﹤0.01%
+12,000
New +$217K
BCPC
964
Balchem Corp
BCPC
$5.72B
$221K ﹤0.01%
3,700
-22,100
-86% -$1.35M
EVOK
965
DELISTED
Evoke Pharma
EVOK
$171K ﹤0.01%
+174
New +$137K
RUN icon
966
Sunrun
RUN
$2.46B
$161K ﹤0.01%
+27,165
New +$180K
SGYP
967
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
$152K ﹤0.01%
+40,000
New +$136K
CCEP icon
968
Coca-Cola Europacific Partners
CCEP
$47.9B
– –
-72,042
Closed -$3.65M
ITT icon
969
ITT
ITT
$19.1B
– –
-35,700
Closed -$1.32M
NGVC icon
970
Vitamin Cottage Natural Grocers
NGVC
$654M
– –
-22,000
Closed -$468K
SHOP icon
971
Shopify
SHOP
$195B
– –
-95,040
Closed -$268K
WCN
972
Waste Connections
WCN
$42B
– –
-73,275
Closed -$3.15M
MDC
973
DELISTED
M.D.C. Holdings, Inc.
MDC
– –
-21,527
Closed -$388K
CVC
974
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
– –
-76,612
Closed -$2.53M
BXLT
975
DELISTED
BAXALTA INC COM STK (DE)
BXLT
– –
-234,539
Closed -$9.47M
36 37 38
39
40

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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.