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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
BIIB icon
101
Biogen
BIIB
$30.7B
$23.9M 0.19%
76,501
+400
+0.5% +$118K
TWTR
102
DELISTED
Twitter, Inc.
TWTR
$23.9M 0.19%
1,038,866
+668,467
+180% +$12.6M
LOW icon
103
Lowe's Companies
LOW
$125B
$23.9M 0.19%
330,795
+700
+0.2% +$54.4K
AX icon
104
Axos Financial
AX
$5.68B
$23.9M 0.19%
1,065,487
-1,035,000
-49% -$20.1M
MDLZ icon
105
Mondelez International
MDLZ
$79.9B
$23.8M 0.19%
542,908
+3,700
+0.7% +$162K
AVGO icon
106
Broadcom
AVGO
$2.04T
$23.8M 0.19%
1,380,500
+92,000
+7% +$1.54M
COST icon
107
Costco
COST
$420B
$23.3M 0.18%
152,908
+700
+0.5% +$113K
ABT icon
108
Abbott
ABT
$187B
$23.1M 0.18%
547,063
+2,700
+0.5% +$116K
IJR icon
109
iShares Core S&P Small-Cap ETF
IJR
$112B
$23.1M 0.18%
372,000
+42,000
+13% +$2.57M
CB icon
110
Chubb
CB
$135B
$23.1M 0.18%
183,609
+1,000
+0.5% +$127K
LAMR icon
111
Lamar Advertising Co
LAMR
$16.3B
$22.7M 0.18%
348,300
+200
+0.1% +$12.9K
SPG icon
112
Simon Property Group
SPG
$72.3B
$22.7M 0.18%
109,642
+2,200
+2% +$477K
ATHN
113
DELISTED
Athenahealth, Inc.
ATHN
$22.1M 0.17%
175,100
-7,900
-4% -$1M
HE icon
114
Hawaiian Electric Industries
HE
$2.14B
$21.4M 0.17%
718,171
+200
+0% +$6.15K
AIG icon
115
American International
AIG
$41.3B
$21.3M 0.17%
359,072
-33,800
-9% -$1.93M
STJ
116
DELISTED
St Jude Medical
STJ
$21M 0.17%
262,783
-12,200
-4% -$985K
TCP
117
DELISTED
TC Pipelines LP
TCP
$20.7M 0.16%
362,500
+37,000
+11% +$2M
DD
118
DELISTED
Du Pont De Nemours E I
DD
$20.4M 0.16%
305,135
+1,700
+0.6% +$115K
CHTR icon
119
Charter Communications
CHTR
$18.2B
$20.4M 0.16%
+75,600
New +$19.1M
DD icon
120
DuPont de Nemours
DD
$19.2B
$20.4M 0.16%
155,298
+1,264
+0.8% +$169K
NEE icon
121
NextEra Energy
NEE
$177B
$19.9M 0.16%
652,212
+11,200
+2% +$353K
OXY icon
122
Occidental Petroleum
OXY
$55.9B
$19.4M 0.15%
266,640
+1,300
+0.5% +$97.3K
WPC icon
123
W.P. Carey
WPC
$16.4B
$19.3M 0.15%
305,485
– –
SO icon
124
Southern Company
SO
$107B
$19.2M 0.15%
374,990
+15,500
+4% +$816K
NCMI icon
125
National CineMedia
NCMI
$378M
$19M 0.15%
129,100
– –
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 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.