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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
CI icon
176
Cigna
CI
$74.6B
$11.7M 0.09%
89,580
+500
+0.6% +$65.3K
APA icon
177
APA Corp
APA
$13.2B
$11.7M 0.09%
182,445
+1,000
+0.6% +$54.7K
PSA icon
178
Public Storage
PSA
$61.3B
$11.6M 0.09%
52,041
+800
+2% +$187K
NGG icon
179
National Grid
NGG
$81.3B
$11.6M 0.09%
168,643
+4,735
+3% +$328K
TRV icon
180
Travelers Companies
TRV
$80.2B
$11.5M 0.09%
100,567
-1,000
-1% -$117K
ELV icon
181
Elevance Health
ELV
$85.5B
$11.5M 0.09%
91,892
+500
+0.5% +$64.6K
OUT icon
182
Outfront Media
OUT
$5.5B
$11.5M 0.09%
493,502
– –
AMAT icon
183
Applied Materials
AMAT
$428B
$11.4M 0.09%
377,185
-1,200
-0.3% -$33.5K
APD icon
184
Air Products & Chemicals
APD
$67.6B
$11.4M 0.09%
81,726
+8,648
+12% +$1.2M
BSX icon
185
Boston Scientific
BSX
$71.5B
$11.3M 0.09%
474,936
+3,600
+0.8% +$85.9K
VEA icon
186
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.2M 0.09%
300,000
– –
ICE icon
187
Intercontinental Exchange
ICE
$84.4B
$11.2M 0.09%
207,880
+1,000
+0.5% +$54.6K
ECL icon
188
Ecolab
ECL
$79.9B
$11.1M 0.09%
91,553
-100
-0.1% -$12.1K
FIS icon
189
Fidelity National Information Services
FIS
$22.1B
$11.1M 0.09%
143,692
+27,500
+24% +$2.15M
AEP icon
190
American Electric Power
AEP
$68.4B
$11M 0.09%
171,597
+900
+0.5% +$60.5K
PXD
191
DELISTED
Pioneer Natural Resource Co.
PXD
$11M 0.09%
59,154
+2,300
+4% +$391K
ALL icon
192
Allstate
ALL
$67.5B
$10.9M 0.09%
158,073
-5,600
-3% -$386K
FSLR icon
193
First Solar
FSLR
$26.9B
$10.8M 0.09%
273,979
+200
+0.1% +$8.28K
EXC icon
194
Exelon
EXC
$47B
$10.7M 0.08%
451,569
+2,664
+0.6% +$66.9K
TFC icon
195
Truist Financial
TFC
$64B
$10.7M 0.08%
284,241
-900
-0.3% -$33.5K
PCG icon
196
PG&E
PCG
$38.5B
$10.6M 0.08%
173,941
+1,600
+0.9% +$102K
ATVI
197
DELISTED
Activision Blizzard
ATVI
$10.5M 0.08%
238,100
+61,100
+35% +$2.56M
BAX icon
198
Baxter International
BAX
$14.2B
$10.5M 0.08%
221,114
-10,500
-5% -$495K
ROST icon
199
Ross Stores
ROST
$81.9B
$10.5M 0.08%
163,284
+6,700
+4% +$412K
EWD icon
200
iShares MSCI Sweden ETF
EWD
$595M
$10.5M 0.08%
360,000
– –
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 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.