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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
COP icon
126
ConocoPhillips
COP
$141B
$18.8M 0.15%
432,215
+2,000
+0.5% +$83.1K
KHC icon
127
Kraft Heinz
KHC
$30B
$18.6M 0.15%
207,902
+900
+0.4% +$79.6K
EOG icon
128
EOG Resources
EOG
$70.7B
$18.6M 0.15%
192,160
+1,000
+0.5% +$87.8K
MET icon
129
MetLife
MET
$62.1B
$18.4M 0.14%
463,948
+35,679
+8% +$1.34M
CAT icon
130
Caterpillar
CAT
$387B
$18.1M 0.14%
203,854
+1,000
+0.5% +$81.8K
MCO icon
131
Moody's
MCO
$82.7B
$17.7M 0.14%
163,833
+62,400
+62% +$6.56M
SKX
132
DELISTED
Skechers
SKX
$17.7M 0.14%
772,700
+130,400
+20% +$3.32M
GSK icon
133
GSK
GSK
$106B
$17.4M 0.14%
323,200
– –
AMT icon
134
American Tower
AMT
$80.4B
$16.8M 0.13%
148,530
+1,000
+0.7% +$114K
ESRX
135
DELISTED
Express Scripts Holding Company
ESRX
$16.5M 0.13%
233,928
+100
+0% +$7.48K
MS icon
136
Morgan Stanley
MS
$340B
$16.5M 0.13%
513,755
-11,100
-2% -$331K
F icon
137
Ford
F
$55.7B
$16.4M 0.13%
1,361,938
+6,400
+0.5% +$80.8K
ADP icon
138
Automatic Data Processing
ADP
$108B
$16.3M 0.13%
184,893
-37,000
-17% -$3.35M
D icon
139
Dominion Energy
D
$59.3B
$16.2M 0.13%
218,413
+4,300
+2% +$328K
PYPL icon
140
PayPal
PYPL
$50.5B
$16M 0.13%
391,686
+8,500
+2% +$327K
KMB icon
141
Kimberly-Clark
KMB
$36.5B
$15.8M 0.12%
125,538
+400
+0.3% +$51.7K
GM icon
142
General Motors
GM
$76.8B
$15.8M 0.12%
496,000
+9,200
+2% +$287K
MON
143
DELISTED
Monsanto Co
MON
$15.6M 0.12%
152,735
+1,000
+0.7% +$105K
PNC icon
144
PNC Financial Services
PNC
$101B
$15.4M 0.12%
171,492
-2,000
-1% -$172K
BLK icon
145
Blackrock
BLK
$176B
$15.4M 0.12%
42,560
-1,100
-3% -$400K
JCI icon
146
Johnson Controls International
JCI
$92.2B
$15.3M 0.12%
329,468
-423,781
-56% -$19.6M
FDX icon
147
FedEx
FDX
$75.4B
$14.9M 0.12%
85,296
-1,400
-2% -$229K
BNY
148
Bank of New York Mellon
BNY
$107B
$14.9M 0.12%
372,632
-1,500
-0.4% -$59.9K
NFLX icon
149
Netflix
NFLX
$309B
$14.7M 0.12%
1,496,620
+9,000
+0.6% +$85.9K
AET
150
DELISTED
Aetna Inc
AET
$14.1M 0.11%
122,382
+600
+0.5% +$70.3K
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 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.