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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
INTU icon
201
Intuit
INTU
$88.1B
$9.92M 0.08%
88,868
+400
+0.5% +$41.8K
EWD icon
202
iShares MSCI Sweden ETF
EWD
$592M
$9.85M 0.08%
360,000
– –
ISRG icon
203
Intuitive Surgical
ISRG
$132B
$9.84M 0.08%
133,956
-31,500
-19% -$2.22M
DAL icon
204
Delta Air Lines
DAL
$60.5B
$9.76M 0.08%
268,000
-471,400
-64% -$20M
APD icon
205
Air Products & Chemicals
APD
$66.8B
$9.6M 0.08%
73,078
+865
+1% +$115K
WM icon
206
Waste Management
WM
$91.5B
$9.51M 0.07%
143,518
+800
+0.6% +$48.3K
MCO icon
207
Moody's
MCO
$81.9B
$9.51M 0.07%
101,433
+3,000
+3% +$290K
ETN icon
208
Eaton
ETN
$174B
$9.5M 0.07%
159,096
+1,100
+0.7% +$67.6K
WELL icon
209
Welltower
WELL
$170B
$9.44M 0.07%
123,977
+1,700
+1% +$121K
APC
210
DELISTED
Anadarko Petroleum
APC
$9.44M 0.07%
177,287
+2,200
+1% +$112K
TROW icon
211
T. Rowe Price
TROW
$24.2B
$9.43M 0.07%
129,193
+700
+0.5% +$52.1K
SRE icon
212
Sempra
SRE
$55.1B
$9.38M 0.07%
164,588
+2,200
+1% +$117K
EQIX icon
213
Equinix
EQIX
$104B
$9.35M 0.07%
24,122
+400
+2% +$140K
HUM icon
214
Humana
HUM
$44.1B
$9.32M 0.07%
51,790
+700
+1% +$124K
GPC icon
215
Genuine Parts
GPC
$18.3B
$9.28M 0.07%
91,696
-19,200
-17% -$1.86M
SYY icon
216
Sysco
SYY
$40.4B
$9.24M 0.07%
182,059
+1,300
+0.7% +$62.9K
APEI icon
217
American Public Education
APEI
$931M
$9.23M 0.07%
328,320
-91,280
-22% -$2.27M
HSIC icon
218
Henry Schein
HSIC
$9.83B
$9.16M 0.07%
132,090
-20,145
-13% -$1.36M
ALXN
219
DELISTED
Alexion Pharmaceuticals
ALXN
$9.08M 0.07%
77,774
+200
+0.3% +$28.4K
ORLY icon
220
O'Reilly Automotive
ORLY
$76.2B
$9.07M 0.07%
502,005
– –
AMAT icon
221
Applied Materials
AMAT
$419B
$9.07M 0.07%
378,385
-10,900
-3% -$240K
PLD icon
222
Prologis
PLD
$132B
$8.95M 0.07%
182,513
+1,800
+1% +$84.6K
PPL
223
PPL Corp
PPL
$26B
$8.88M 0.07%
235,150
+3,100
+1% +$118K
ROST icon
224
Ross Stores
ROST
$81.6B
$8.88M 0.07%
156,584
+8,600
+6% +$478K
LYB icon
225
LyondellBasell Industries
LYB
$19.8B
$8.83M 0.07%
118,632
-400
-0.3% -$33K
7 8
9
10 11

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.