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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
CME icon
176
CME Group
CME
$95B
$11.5M 0.09%
117,681
+1,200
+1% +$113K
ALL icon
177
Allstate
ALL
$69.6B
$11.4M 0.09%
163,673
+33,400
+26% +$2.24M
DG icon
178
Dollar General
DG
$28.1B
$11.4M 0.09%
121,542
+4,100
+3% +$354K
YHOO
179
DELISTED
Yahoo Inc
YHOO
$11.4M 0.09%
303,555
+3,600
+1% +$133K
CI icon
180
Cigna
CI
$72.7B
$11.4M 0.09%
89,080
+1,000
+1% +$132K
OMC icon
181
Omnicom Group
OMC
$22.6B
$11.2M 0.09%
137,506
-38,200
-22% -$3.17M
PX
182
DELISTED
Praxair Inc
PX
$11.1M 0.09%
99,105
+1,000
+1% +$113K
PCG icon
183
PG&E
PCG
$37.4B
$11M 0.09%
172,341
+2,700
+2% +$162K
BSX icon
184
Boston Scientific
BSX
$71.4B
$11M 0.09%
471,336
+7,100
+2% +$154K
PRU icon
185
Prudential Financial
PRU
$41.9B
$11M 0.09%
153,580
– –
EPD icon
186
Enterprise Products Partners
EPD
$82.3B
$10.9M 0.09%
373,000
– –
ECL icon
187
Ecolab
ECL
$79.5B
$10.9M 0.09%
91,653
-100
-0.1% -$11.7K
VEA icon
188
Vanguard FTSE Developed Markets ETF
VEA
$234B
$10.6M 0.08%
300,000
– –
FISV
189
Fiserv Inc
FISV
$28.9B
$10.6M 0.08%
194,952
+5,800
+3% +$299K
ICE icon
190
Intercontinental Exchange
ICE
$84.1B
$10.6M 0.08%
206,880
+2,000
+1% +$101K
SCHW
191
Charles Schwab
SCHW
$187B
$10.6M 0.08%
417,817
+4,100
+1% +$117K
HPE icon
192
Hewlett Packard
HPE
$69.4B
$10.5M 0.08%
993,128
-23,744
-2% -$242K
BAX icon
193
Baxter International
BAX
$14B
$10.5M 0.08%
231,614
+42,975
+23% +$1.88M
PGR icon
194
Progressive
PGR
$125B
$10.3M 0.08%
307,745
+106,600
+53% +$3.53M
TFCFA
195
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$10.3M 0.08%
380,677
-4,800
-1% -$140K
AZO icon
196
AutoZone
AZO
$50.1B
$10.3M 0.08%
12,947
– –
TFC icon
197
Truist Financial
TFC
$64.2B
$10.2M 0.08%
285,141
+16,400
+6% +$573K
STZ icon
198
Constellation Brands
STZ
$22.6B
$10.1M 0.08%
61,323
+800
+1% +$125K
APA icon
199
APA Corp
APA
$12.9B
$10.1M 0.08%
181,445
+1,200
+0.7% +$65.2K
AON icon
200
Aon
AON
$76.5B
$10.1M 0.08%
92,019
-1,000
-1% -$106K
6 7
8
9 10

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.