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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+3.91%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AAPL icon
1
Apple
AAPL
$4.95T
$510M 4.03%
18,059,400
-1,848,800
-9% -$48.9M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.07T
$377M 2.98%
2,612,066
-109,400
-4% -$16M
VZ icon
3
Verizon
VZ
$198B
$377M 2.97%
7,252,790
+1,634,000
+29% +$87.7M
JPM icon
4
JPMorgan Chase
JPM
$947B
$303M 2.39%
4,550,240
+1,810,200
+66% +$118M
WFC icon
5
Wells Fargo
WFC
$264B
$291M 2.29%
6,569,601
-2,798,100
-30% -$134M
GILD icon
6
Gilead Sciences
GILD
$162B
$242M 1.91%
3,058,289
+376,100
+14% +$30.6M
SPY icon
7
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$226M 1.78%
1,044,450
-1,145,500
-52% -$248M
MSFT icon
8
Microsoft
MSFT
$2.89T
$213M 1.68%
3,703,969
-950,000
-20% -$53.6M
META icon
9
Meta Platforms (Facebook)
META
$1.51T
$209M 1.65%
1,626,900
-53,946
-3% -$6.7M
AFL icon
10
Aflac
AFL
$64.4B
$208M 1.64%
5,778,052
-1,800
-0% -$65.5K
CVS icon
11
CVS Health
CVS
$137B
$206M 1.62%
2,310,800
+803,100
+53% +$75.8M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$3.99T
$196M 1.55%
4,886,360
-112,000
-2% -$4.38M
HD icon
13
Home Depot
HD
$335B
$173M 1.36%
1,344,840
-43,200
-3% -$5.76M
VR
14
DELISTED
Validus Hold Ltd
VR
$170M 1.34%
3,408,643
– –
V icon
15
Visa
V
$689B
$167M 1.32%
2,025,080
+293,400
+17% +$23.5M
AMZN icon
16
Amazon
AMZN
$2.49T
$166M 1.31%
3,973,000
-6,000
-0.2% -$230K
CSCO icon
17
Cisco
CSCO
$452B
$161M 1.27%
5,064,363
-26,800
-0.5% -$824K
WTW icon
18
Willis Towers Watson
WTW
$28.6B
$137M 1.08%
1,028,655
-174,800
-15% -$21.8M
TWO
19
Two Harbors Investment
TWO
$1.27B
$133M 1.05%
1,950,536
– –
XOM icon
20
ExxonMobil
XOM
$642B
$127M 1.01%
1,460,364
+6,700
+0.5% +$594K
TMO icon
21
Thermo Fisher Scientific
TMO
$208B
$127M 1%
800,403
-36,300
-4% -$5.59M
HON icon
22
Honeywell
HON
$77.9B
$124M 0.98%
1,194,191
+42,290
+4% +$4.42M
JNJ icon
23
Johnson & Johnson
JNJ
$641B
$123M 0.97%
1,040,730
-48,130
-4% -$5.84M
T icon
24
AT&T
T
$167B
$117M 0.92%
3,823,557
+225,874
+6% +$7.14M
GE icon
25
GE Aerospace
GE
$375B
$109M 0.86%
767,561
-13,980
-2% -$2.09M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.