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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
RTN
151
DELISTED
Raytheon Company
RTN
$14M 0.11%
103,016
-200
-0.2% -$27.8K
COF icon
152
Capital One
COF
$134B
$14M 0.11%
195,156
-18,700
-9% -$1.28M
TSN icon
153
Tyson Foods
TSN
$20.4B
$13.9M 0.11%
186,464
+82,100
+79% +$6.02M
TGT icon
154
Target
TGT
$68B
$13.8M 0.11%
200,578
-4,100
-2% -$294K
HAL icon
155
Halliburton
HAL
$26.6B
$13.5M 0.11%
300,507
+2,000
+0.7% +$87.3K
ITW icon
156
Illinois Tool Works
ITW
$84.5B
$13.4M 0.11%
111,513
-800
-0.7% -$92.9K
GIS icon
157
General Mills
GIS
$19.7B
$13.3M 0.1%
208,318
+1,800
+0.9% +$125K
SCHW
158
Charles Schwab
SCHW
$187B
$13.3M 0.1%
420,217
+2,400
+0.6% +$70.4K
HPE icon
159
Hewlett Packard
HPE
$70.5B
$13.2M 0.1%
997,773
+4,645
+0.5% +$57.4K
YHOO
160
DELISTED
Yahoo Inc
YHOO
$13.2M 0.1%
305,555
+2,000
+0.7% +$82K
CTSH icon
161
Cognizant
CTSH
$26B
$13M 0.1%
272,454
+1,900
+0.7% +$108K
VVC
162
DELISTED
Vectren Corporation
VVC
$12.9M 0.1%
256,060
+100
+0% +$5.07K
NVDA icon
163
NVIDIA
NVDA
$5.42T
$12.8M 0.1%
7,468,320
+420,000
+6% +$620K
ZVO
164
DELISTED
Zovio Inc. Common Stock
ZVO
$12.6M 0.1%
1,837,754
-40,000
-2% -$293K
SYK icon
165
Stryker
SYK
$130B
$12.6M 0.1%
108,392
-700
-0.6% -$81.6K
PSX icon
166
Phillips 66
PSX
$81.4B
$12.5M 0.1%
155,103
-7,400
-5% -$575K
PRU icon
167
Prudential Financial
PRU
$41.8B
$12.4M 0.1%
152,480
-1,100
-0.7% -$84.4K
CME icon
168
CME Group
CME
$94.8B
$12.4M 0.1%
118,281
+600
+0.5% +$62.6K
MRSH
169
Marsh
MRSH
$91.5B
$12.2M 0.1%
180,877
-200
-0.1% -$13.4K
APC
170
DELISTED
Anadarko Petroleum
APC
$12.1M 0.1%
190,487
+13,200
+7% +$736K
EBAY icon
171
eBay
EBAY
$49.8B
$12.1M 0.1%
366,486
-700
-0.2% -$21.1K
PX
172
DELISTED
Praxair Inc
PX
$12M 0.09%
99,505
+400
+0.4% +$47.3K
EPD icon
173
Enterprise Products Partners
EPD
$81.7B
$12M 0.09%
433,000
+60,000
+16% +$1.66M
YUM icon
174
Yum! Brands
YUM
$41.1B
$11.7M 0.09%
179,842
-17,110
-9% -$1.09M
OMC icon
175
Omnicom Group
OMC
$23.4B
$11.7M 0.09%
137,406
-100
-0.1% -$8.38K
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 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.