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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
SE
201
DELISTED
Spectra Energy Corp Wi
SE
$10.5M 0.08%
244,659
+7,000
+3% +$267K
AON icon
202
Aon
AON
$76B
$10.4M 0.08%
92,719
+700
+0.8% +$77.2K
ETN icon
203
Eaton
ETN
$174B
$10.4M 0.08%
158,696
-400
-0.3% -$25.9K
STZ icon
204
Constellation Brands
STZ
$23.2B
$10.3M 0.08%
61,823
+500
+0.8% +$82.4K
DAL icon
205
Delta Air Lines
DAL
$60.1B
$10.3M 0.08%
261,400
-6,600
-2% -$250K
GLNG icon
206
Golar LNG
GLNG
$5.13B
$10.1M 0.08%
477,700
– –
CSX icon
207
CSX Corp
CSX
$93.1B
$10.1M 0.08%
990,405
-5,700
-0.6% -$53.9K
PSO icon
208
Pearson
PSO
$9.9B
$10.1M 0.08%
1,027,200
+2,100
+0.2% +$24.1K
NSC icon
209
Norfolk Southern
NSC
$75.1B
$9.94M 0.08%
102,405
-300
-0.3% -$27.3K
PLD icon
210
Prologis
PLD
$133B
$9.85M 0.08%
183,913
+1,400
+0.8% +$73.9K
KR icon
211
Kroger
KR
$34.8B
$9.83M 0.08%
331,228
-100
-0% -$3.33K
AZO icon
212
AutoZone
AZO
$51.1B
$9.79M 0.08%
12,747
-200
-2% -$156K
ISRG icon
213
Intuitive Surgical
ISRG
$134B
$9.7M 0.08%
120,456
-13,500
-10% -$1.03M
FISV
214
Fiserv Inc
FISV
$27.9B
$9.64M 0.08%
193,752
-1,200
-0.6% -$62.9K
PPG icon
215
PPG Industries
PPG
$26.6B
$9.61M 0.08%
92,964
-36,200
-28% -$3.8M
TROW icon
216
T. Rowe Price
TROW
$24.3B
$9.61M 0.08%
144,493
+15,300
+12% +$1.07M
LYB icon
217
LyondellBasell Industries
LYB
$19.2B
$9.59M 0.08%
118,932
+300
+0.3% +$23.2K
ALXN
218
DELISTED
Alexion Pharmaceuticals
ALXN
$9.59M 0.08%
78,274
+500
+0.6% +$64.4K
ILMN icon
219
Illumina
ILMN
$28.4B
$9.54M 0.08%
53,970
+617
+1% +$98.7K
BHC icon
220
Bausch Health
BHC
$2.34B
$9.52M 0.08%
387,759
– –
INTU icon
221
Intuit
INTU
$89B
$9.41M 0.07%
85,568
-3,300
-4% -$369K
SRE icon
222
Sempra
SRE
$54.8B
$9.35M 0.07%
174,388
+9,800
+6% +$533K
WELL icon
223
Welltower
WELL
$171B
$9.34M 0.07%
124,877
+900
+0.7% +$68.9K
ORLY icon
224
O'Reilly Automotive
ORLY
$76.3B
$9.29M 0.07%
497,505
-4,500
-0.9% -$84.3K
HPQ icon
225
HP
HPQ
$27.5B
$9.27M 0.07%
597,113
+2,900
+0.5% +$41.3K
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 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.