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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
PYPL icon
151
PayPal
PYPL
$51.1B
$14M 0.11%
383,186
+100
+0% +$3.82K
GM icon
152
General Motors
GM
$76.3B
$13.8M 0.11%
486,800
+2,900
+0.6% +$88K
MS icon
153
Morgan Stanley
MS
$336B
$13.6M 0.11%
524,855
-1,100
-0.2% -$28.8K
NFLX icon
154
Netflix
NFLX
$307B
$13.6M 0.11%
1,487,620
+14,000
+1% +$134K
ZVO
155
DELISTED
Zovio Inc. Common Stock
ZVO
$13.6M 0.11%
1,877,754
-49,630
-3% -$425K
COF icon
156
Capital One
COF
$135B
$13.6M 0.11%
213,856
-3,700
-2% -$258K
HAL icon
157
Halliburton
HAL
$27.1B
$13.5M 0.11%
298,507
+3,000
+1% +$123K
VVC
158
DELISTED
Vectren Corporation
VVC
$13.5M 0.11%
255,960
+200
+0.1% +$10K
PPG icon
159
PPG Industries
PPG
$26B
$13.5M 0.11%
129,164
+37,300
+41% +$4.07M
PSO icon
160
Pearson
PSO
$9.97B
$13.3M 0.1%
1,025,100
+11,800
+1% +$141K
FSLR icon
161
First Solar
FSLR
$26.2B
$13.3M 0.1%
273,779
+199,473
+268% +$10.6M
FDX icon
162
FedEx
FDX
$74.7B
$13.2M 0.1%
86,696
-1,600
-2% -$259K
PSA icon
163
Public Storage
PSA
$61.1B
$13.1M 0.1%
51,241
+500
+1% +$128K
SYK icon
164
Stryker
SYK
$129B
$13.1M 0.1%
109,092
+1,200
+1% +$134K
PSX icon
165
Phillips 66
PSX
$82B
$12.9M 0.1%
162,503
+900
+0.6% +$73.5K
MRSH
166
Marsh
MRSH
$92.2B
$12.4M 0.1%
181,077
+1,600
+0.9% +$103K
KR icon
167
Kroger
KR
$35.1B
$12.2M 0.1%
331,328
-44,000
-12% -$1.58M
TRV icon
168
Travelers Companies
TRV
$80.5B
$12.1M 0.09%
101,567
– –
ELV icon
169
Elevance Health
ELV
$84.9B
$12M 0.09%
91,392
+1,400
+2% +$192K
AEP icon
170
American Electric Power
AEP
$68.2B
$12M 0.09%
170,697
+1,600
+0.9% +$105K
NGG icon
171
National Grid
NGG
$80.8B
$11.8M 0.09%
163,908
– –
YUM icon
172
Yum! Brands
YUM
$41.6B
$11.7M 0.09%
196,952
+1,252
+0.6% +$73.8K
OUT icon
173
Outfront Media
OUT
$5.48B
$11.7M 0.09%
493,502
– –
ITW icon
174
Illinois Tool Works
ITW
$84.8B
$11.7M 0.09%
112,313
-400
-0.4% -$41.9K
EXC icon
175
Exelon
EXC
$46.7B
$11.6M 0.09%
448,905
+4,767
+1% +$118K
5 6
7
8 9

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.