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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
AGG icon
76
iShares Core US Aggregate Bond ETF
AGG
$137B
$36.6M 0.29%
+325,500
New +$36.1M
NOC icon
77
Northrop Grumman
NOC
$80.7B
$36.3M 0.28%
163,189
-1,900
-1% -$400K
JCI icon
78
Johnson Controls International
JCI
$93.6B
$34.9M 0.27%
753,249
+540,053
+253% +$23.8M
FTAI icon
79
FTAI Aviation
FTAI
$22.7B
$34.7M 0.27%
4,422,777
+819,700
+23% +$6.98M
RAI
80
DELISTED
Reynolds American Inc
RAI
$33.4M 0.26%
620,086
+64,000
+12% +$3.22M
CAH icon
81
Cardinal Health
CAH
$55.7B
$33.4M 0.26%
427,831
+314,400
+277% +$25.1M
SWK icon
82
Stanley Black & Decker
SWK
$15.3B
$32.4M 0.25%
291,636
+239,200
+456% +$26.6M
AGN
83
DELISTED
Allergan plc
AGN
$31.8M 0.25%
137,452
+1,600
+1% +$369K
CA
84
DELISTED
CA, Inc.
CA
$31.5M 0.25%
960,624
+69,300
+8% +$2.17M
VLO icon
85
Valero Energy
VLO
$87.2B
$31.4M 0.25%
616,560
+72,800
+13% +$4.12M
DUK icon
86
Duke Energy
DUK
$96.6B
$31.3M 0.25%
364,936
+2,300
+0.6% +$184K
SBUX icon
87
Starbucks
SBUX
$120B
$29.1M 0.23%
508,864
-100
-0% -$5.69K
QCOM icon
88
Qualcomm
QCOM
$168B
$28.9M 0.23%
539,295
+3,600
+0.7% +$190K
FBIN icon
89
Fortune Brands Innovations
FBIN
$6.01B
$27.7M 0.22%
559,728
+486,135
+661% +$23.7M
BA icon
90
Boeing
BA
$184B
$27M 0.21%
207,990
-6,400
-3% -$834K
LLY icon
91
Eli Lilly
LLY
$1.06T
$26.6M 0.21%
337,402
+2,300
+0.7% +$173K
CELG
92
DELISTED
Celgene Corp
CELG
$26.5M 0.21%
269,080
-100
-0% -$10.3K
EFC
93
Ellington Financial
EFC
$1.65B
$26.5M 0.21%
1,544,778
-5,222
-0.3% -$90.3K
LOW icon
94
Lowe's Companies
LOW
$122B
$26.1M 0.2%
330,095
+5,200
+2% +$402K
CCI icon
95
Crown Castle
CCI
$31.9B
$25.9M 0.2%
255,754
+2,100
+0.8% +$191K
NKE icon
96
Nike
NKE
$62.3B
$25.5M 0.2%
462,564
-2,200
-0.5% -$125K
ATHN
97
DELISTED
Athenahealth, Inc.
ATHN
$25.3M 0.2%
183,000
+181,400
+11,338% +$24M
BRK.A icon
98
Berkshire Hathaway Class A
BRK.A
$1.13T
$25.2M 0.2%
116
– –
DGX icon
99
Quest Diagnostics
DGX
$26.3B
$25.1M 0.2%
308,583
+259,400
+527% +$19.8M
WBA
100
DELISTED
Walgreens Boots Alliance
WBA
$25M 0.2%
300,217
+3,100
+1% +$250K
2 3
4
5 6

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.