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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
MA icon
76
Mastercard
MA
$493B
$34.9M 0.28%
342,600
-167,100
-33% -$16M
MCD icon
77
McDonald's
MCD
$195B
$34.4M 0.27%
297,789
-7,200
-2% -$853K
FBIN icon
78
Fortune Brands Innovations
FBIN
$6.06B
$33.8M 0.27%
681,642
+121,914
+22% +$6.38M
ZTS icon
79
Zoetis
ZTS
$30B
$33.3M 0.26%
640,756
+482,200
+304% +$24.4M
CAH icon
80
Cardinal Health
CAH
$55.4B
$33.1M 0.26%
425,831
-2,000
-0.5% -$162K
VLO icon
81
Valero Energy
VLO
$85.9B
$32.6M 0.26%
614,360
-2,200
-0.4% -$117K
UNP icon
82
Union Pacific
UNP
$174B
$32.3M 0.25%
331,056
-511,100
-61% -$47.8M
CA
83
DELISTED
CA, Inc.
CA
$32M 0.25%
967,424
+6,800
+0.7% +$229K
AGN
84
DELISTED
Allergan plc
AGN
$31.8M 0.25%
138,152
+700
+0.5% +$171K
KMI icon
85
Kinder Morgan
KMI
$68.7B
$30.9M 0.24%
1,337,898
+34,400
+3% +$729K
PARA
86
DELISTED
Paramount Global Class B
PARA
$30.6M 0.24%
559,367
+415,100
+288% +$22M
DUK icon
87
Duke Energy
DUK
$97.3B
$29.3M 0.23%
366,036
+1,100
+0.3% +$91.1K
RAI
88
DELISTED
Reynolds American Inc
RAI
$29.3M 0.23%
621,386
+1,300
+0.2% +$65.2K
CELG
89
DELISTED
Celgene Corp
CELG
$28.3M 0.22%
270,480
+1,400
+0.5% +$152K
SBUX icon
90
Starbucks
SBUX
$120B
$27.7M 0.22%
511,864
+3,000
+0.6% +$168K
LLY icon
91
Eli Lilly
LLY
$1.06T
$27.2M 0.21%
339,002
+1,600
+0.5% +$128K
BA icon
92
Boeing
BA
$185B
$26.7M 0.21%
202,490
-5,500
-3% -$725K
CCI icon
93
Crown Castle
CCI
$32.2B
$25.8M 0.2%
273,554
+17,800
+7% +$1.71M
EFC
94
Ellington Financial
EFC
$1.71B
$25.8M 0.2%
1,544,778
– –
BKNG icon
95
Booking.com
BKNG
$161B
$25.5M 0.2%
433,025
+2,500
+0.6% +$139K
BRK.A icon
96
Berkshire Hathaway Class A
BRK.A
$1.12T
$25.1M 0.2%
116
– –
DGX icon
97
Quest Diagnostics
DGX
$26.3B
$24.9M 0.2%
293,783
-14,800
-5% -$1.24M
NKE icon
98
Nike
NKE
$61.9B
$24.8M 0.2%
470,564
+8,000
+2% +$452K
WBA
99
DELISTED
Walgreens Boots Alliance
WBA
$24.1M 0.19%
298,417
-1,800
-0.6% -$147K
ALLY icon
100
Ally Financial
ALLY
$13.3B
$24M 0.19%
1,230,966
+162,000
+15% +$3.01M
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 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.