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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
MDLZ icon
101
Mondelez International
MDLZ
$80.1B
$24.5M 0.19%
539,208
-1,000
-0.2% -$43.6K
KMI icon
102
Kinder Morgan
KMI
$69.7B
$24.4M 0.19%
1,303,498
+5,600
+0.4% +$99.8K
MAS icon
103
Masco
MAS
$14.9B
$24M 0.19%
777,188
+662,200
+576% +$20.9M
COST icon
104
Costco
COST
$421B
$23.9M 0.19%
152,208
+800
+0.5% +$121K
CB icon
105
Chubb
CB
$137B
$23.9M 0.19%
182,609
+2,600
+1% +$320K
HE icon
106
Hawaiian Electric Industries
HE
$2.16B
$23.5M 0.18%
717,971
+400
+0.1% +$13.2K
SPG icon
107
Simon Property Group
SPG
$71.9B
$23.3M 0.18%
107,442
+900
+0.8% +$184K
LAMR icon
108
Lamar Advertising Co
LAMR
$16.2B
$23.1M 0.18%
348,100
+300
+0.1% +$18.9K
DHR icon
109
Danaher
DHR
$141B
$22.2M 0.17%
327,280
-28,269
-8% -$1.85M
BKNG icon
110
Booking.com
BKNG
$156B
$21.5M 0.17%
430,525
+2,500
+0.6% +$130K
STJ
111
DELISTED
St Jude Medical
STJ
$21.4M 0.17%
274,983
-37,000
-12% -$2.64M
ABT icon
112
Abbott
ABT
$187B
$21.4M 0.17%
544,363
+3,100
+0.6% +$123K
NEE icon
113
NextEra Energy
NEE
$176B
$20.9M 0.16%
641,012
+6,800
+1% +$204K
AIG icon
114
American International
AIG
$42.4B
$20.8M 0.16%
392,872
-85,000
-18% -$4.69M
WPC icon
115
W.P. Carey
WPC
$16.4B
$20.8M 0.16%
305,485
– –
ADP icon
116
Automatic Data Processing
ADP
$109B
$20.4M 0.16%
221,893
+44,200
+25% +$3.9M
TWX
117
DELISTED
Time Warner Inc
TWX
$20.1M 0.16%
273,203
+1,100
+0.4% +$81.4K
OXY icon
118
Occidental Petroleum
OXY
$55.7B
$20M 0.16%
265,340
+2,300
+0.9% +$172K
AVGO icon
119
Broadcom
AVGO
$2T
$20M 0.16%
1,288,500
+12,000
+0.9% +$183K
NCMI icon
120
National CineMedia
NCMI
$378M
$20M 0.16%
129,100
– –
DD
121
DELISTED
Du Pont De Nemours E I
DD
$19.7M 0.15%
303,435
+3,300
+1% +$217K
DD icon
122
DuPont de Nemours
DD
$19.5B
$19.4M 0.15%
154,034
+2,132
+1% +$280K
SO icon
123
Southern Company
SO
$107B
$19.3M 0.15%
359,490
+45,200
+14% +$2.27M
IJR icon
124
iShares Core S&P Small-Cap ETF
IJR
$111B
$19.2M 0.15%
330,000
– –
SKX
125
DELISTED
Skechers
SKX
$19.1M 0.15%
642,300
+590,100
+1,130% +$17.8M
3 4
5
6 7

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.