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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 20.43%
2 Technology 14.46%
3 Healthcare 13.89%
4 Communication Services 9.59%
5 Industrials 9.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.67T
$476M 3.72%
19,908,200
+1,648,308
+9% +$41M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$814B
$459M 3.59%
2,189,950
– –
WFC icon
3
Wells Fargo
WFC
$272B
$443M 3.47%
9,367,701
-3,706,133
-28% -$181M
BRK.B icon
4
Berkshire Hathaway Class B
BRK.B
$1.08T
$394M 3.08%
2,721,466
+1,193,000
+78% +$171M
VZ icon
5
Verizon
VZ
$208B
$314M 2.46%
5,618,790
+1,095,035
+24% +$56.8M
MSFT icon
6
Microsoft
MSFT
$3.71T
$238M 1.86%
4,653,969
-566,100
-11% -$29.4M
GILD icon
7
Gilead Sciences
GILD
$187B
$224M 1.75%
2,682,189
-698,423
-21% -$62M
AFL icon
8
Aflac
AFL
$58.8B
$209M 1.63%
5,779,852
-849,138
-13% -$29M
META icon
9
Meta Platforms (Facebook)
META
$1.57T
$192M 1.5%
1,680,846
-195,854
-10% -$22.6M
HD icon
10
Home Depot
HD
$320B
$177M 1.39%
1,388,040
-281,000
-17% -$37.2M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.14T
$176M 1.38%
4,998,360
-480,000
-9% -$17.6M
JPM icon
12
JPMorgan Chase
JPM
$953B
$170M 1.33%
2,740,040
+837,443
+44% +$52.3M
VR
13
DELISTED
Validus Hold Ltd
VR
$166M 1.3%
3,408,643
+14,743
+0.4% +$692K
WTW icon
14
Willis Towers Watson
WTW
$31.1B
$150M 1.17%
1,203,455
+353,577
+42% +$43.6M
CSCO icon
15
Cisco
CSCO
$431B
$146M 1.14%
5,091,163
-16,500
-0.3% -$463K
CVS icon
16
CVS Health
CVS
$124B
$144M 1.13%
1,507,700
-111,100
-7% -$11.1M
BMY icon
17
Bristol-Myers Squibb
BMY
$136B
$144M 1.13%
1,961,353
-83,500
-4% -$5.9M
AMZN icon
18
Amazon
AMZN
$2.79T
$142M 1.11%
3,979,000
-80,000
-2% -$2.71M
XOM icon
19
ExxonMobil
XOM
$656B
$136M 1.07%
1,453,664
+23,800
+2% +$2.1M
TWO
20
DELISTED
Two Harbors Investment
TWO
$134M 1.05%
1,950,536
-111,964
-5% -$7.37M
JNJ icon
21
Johnson & Johnson
JNJ
$663B
$132M 1.03%
1,088,860
-131,900
-11% -$15M
V icon
22
Visa
V
$700B
$128M 1.01%
1,731,680
+28,000
+2% +$2.19M
TMO icon
23
Thermo Fisher Scientific
TMO
$227B
$124M 0.97%
836,703
-113,700
-12% -$16.8M
HON icon
24
Honeywell
HON
$66.4B
$120M 0.94%
1,151,901
+606,639
+111% +$62.4M
GE icon
25
GE Aerospace
GE
$350B
$118M 0.92%
781,541
-251
-0% -$36.6K
1
2 3 4 5

Similar funds

GT
Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM
EIM
Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return
CIG
Capricorn Investment Group Palo Alto, California $22.5B AUM 50.37% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.7B AUM 32.92% 1-Year Est. Return
CB
Commerce Bank Kansas City, Missouri $22.8B AUM 28.56% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $22.3B AUM 36.19% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $22.3B AUM 79.91% 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 20% of assets, down from 21% 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.