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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
COP icon
126
ConocoPhillips
COP
$141B
$18.8M 0.15%
430,215
+4,600
+1% +$203K
TCP
127
DELISTED
TC Pipelines LP
TCP
$18.6M 0.15%
325,500
+12,000
+4% +$651K
EMC
128
DELISTED
EMC CORPORATION
EMC
$18.4M 0.14%
678,554
+8,200
+1% +$222K
BIIB icon
129
Biogen
BIIB
$30.7B
$18.4M 0.14%
76,101
+800
+1% +$211K
KHC icon
130
Kraft Heinz
KHC
$29.9B
$18.3M 0.14%
207,002
+2,300
+1% +$189K
ALLY icon
131
Ally Financial
ALLY
$13.3B
$18.2M 0.14%
1,068,966
-179,034
-14% -$3.09M
ESRX
132
DELISTED
Express Scripts Holding Company
ESRX
$17.7M 0.14%
233,828
+3,800
+2% +$279K
GSK icon
133
GSK
GSK
$106B
$17.5M 0.14%
323,200
– –
KMB icon
134
Kimberly-Clark
KMB
$36.4B
$17.2M 0.13%
125,138
+900
+0.7% +$118K
F icon
135
Ford
F
$56B
$17M 0.13%
1,355,538
+13,200
+1% +$174K
AMT icon
136
American Tower
AMT
$80.6B
$16.8M 0.13%
147,530
+1,600
+1% +$170K
D icon
137
Dominion Energy
D
$59.5B
$16.7M 0.13%
214,113
+8,800
+4% +$639K
EOG icon
138
EOG Resources
EOG
$70.6B
$15.9M 0.12%
191,160
+1,800
+1% +$144K
MON
139
DELISTED
Monsanto Co
MON
$15.7M 0.12%
151,735
-218,300
-59% -$21.6M
CTSH icon
140
Cognizant
CTSH
$26.2B
$15.5M 0.12%
270,554
+1,200
+0.4% +$72.5K
CAT icon
141
Caterpillar
CAT
$388B
$15.4M 0.12%
202,854
+2,400
+1% +$180K
MET icon
142
MetLife
MET
$62.3B
$15.2M 0.12%
428,269
+4,601
+1% +$179K
BLK icon
143
Blackrock
BLK
$177B
$15M 0.12%
43,660
+200
+0.5% +$70.3K
AET
144
DELISTED
Aetna Inc
AET
$14.9M 0.12%
121,782
+1,400
+1% +$161K
GIS icon
145
General Mills
GIS
$19.6B
$14.7M 0.12%
206,518
+2,200
+1% +$140K
BNY
146
Bank of New York Mellon
BNY
$107B
$14.5M 0.11%
374,132
+3,700
+1% +$147K
TGT icon
147
Target
TGT
$67.7B
$14.3M 0.11%
204,678
-2,700
-1% -$201K
PNC icon
148
PNC Financial Services
PNC
$101B
$14.1M 0.11%
173,492
+1,000
+0.6% +$86K
RTN
149
DELISTED
Raytheon Company
RTN
$14M 0.11%
103,216
-206,100
-67% -$26.8M
EMR icon
150
Emerson Electric
EMR
$88.5B
$14M 0.11%
268,527
-482,100
-64% -$25.6M
4 5
6
7 8

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.