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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
+0.7%
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
$12.6B
AUM Growth
-$455M
Cap. Flow
-$412M
Cap. Flow %
-3.27%
Top 10 Hldgs %
26.08%
Holding
982
New
27
Increased
575
Reduced
266
Closed
24

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$255M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$137M
3
WTW icon
Willis Towers Watson
WTW
+$97.6M
4
V icon
Visa
V
+$74.4M
5
CRM icon
Salesforce
CRM
+$48.5M

Top Sells

Rank Stock Value
1
USB icon
US Bancorp
USB
+$129M
2
AFL icon
Aflac
AFL
+$112M
3
EXC icon
Exelon
EXC
+$110M
4
WMT icon
Walmart Inc
WMT
+$81.8M
5
COR icon
Cencora
COR
+$78.1M

Sector Composition

Rank Sector Weight
1 Financials 19.86%
2 Healthcare 13.99%
3 Technology 13.95%
4 Communication Services 10.28%
5 Consumer Discretionary 8.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APOL
226
DELISTED
Apollo Education Group Inc Class A
APOL
$8.48M 0.07%
1,032,047
-925,000
-47% -$7.36M
SRE icon
227
Sempra
SRE
$54.8B
$8.45M 0.07%
162,388
+1,000
+0.6% +$48.2K
SYY icon
228
Sysco
SYY
$40.3B
$8.45M 0.07%
180,759
+1,200
+0.7% +$51.8K
ILMN icon
229
Illumina
ILMN
$28.4B
$8.45M 0.07%
53,559
+2,056
+4% +$314K
WY icon
230
Weyerhaeuser
WY
$18.4B
$8.42M 0.07%
271,829
+97,209
+56% +$2.6M
WM icon
231
Waste Management
WM
$91B
$8.42M 0.07%
142,718
+700
+0.5% +$38.6K
AMAT icon
232
Applied Materials
AMAT
$428B
$8.24M 0.07%
389,285
-3,800
-1% -$69.3K
SYF icon
233
Synchrony
SYF
$25.6B
$8.23M 0.07%
287,078
+1,900
+0.7% +$52.8K
PEG icon
234
Public Service Enterprise Group
PEG
$37.7B
$8.22M 0.07%
174,330
+1,300
+0.8% +$55.2K
HCA icon
235
HCA Healthcare
HCA
$89.5B
$8.21M 0.07%
105,200
-2,200
-2% -$154K
CCL icon
236
Carnival Corporation Ltd
CCL
$39.7B
$8.19M 0.07%
155,160
-2,300
-1% -$111K
APC
237
DELISTED
Anadarko Petroleum
APC
$8.15M 0.06%
175,087
+1,300
+0.7% +$52.8K
EIX icon
238
Edison International
EIX
$26.4B
$8.07M 0.06%
112,196
+800
+0.7% +$51.9K
STT icon
239
State Street
STT
$50.7B
$8.06M 0.06%
137,745
-300
-0.2% -$17K
GLW icon
240
Corning
GLW
$143B
$8M 0.06%
383,121
-21,500
-5% -$399K
PLD icon
241
Prologis
PLD
$133B
$7.98M 0.06%
180,713
+1,400
+0.8% +$56.2K
DE icon
242
Deere & Co
DE
$168B
$7.94M 0.06%
103,162
-3,500
-3% -$274K
EWY icon
243
iShares MSCI South Korea ETF
EWY
$24.1B
$7.92M 0.06%
150,000
– –
PXD
244
DELISTED
Pioneer Natural Resource Co.
PXD
$7.92M 0.06%
56,254
+5,200
+10% +$644K
TEL icon
245
TE Connectivity
TEL
$62.6B
$7.88M 0.06%
127,296
-4,800
-4% -$279K
APH icon
246
Amphenol
APH
$209B
$7.85M 0.06%
542,896
+121,200
+29% +$1.57M
EQIX icon
247
Equinix
EQIX
$103B
$7.84M 0.06%
23,722
+2,500
+12% +$760K
BAX icon
248
Baxter International
BAX
$14.2B
$7.75M 0.06%
188,639
+1,500
+0.8% +$57.2K
ED icon
249
Consolidated Edison
ED
$39.9B
$7.74M 0.06%
101,052
+800
+0.8% +$56.8K
BBWI icon
250
Bath & Body Works
BBWI
$4.1B
$7.7M 0.06%
108,460
+742
+0.7% +$53.2K
8 9
10
11 12

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 Q1 2016 Portfolio in Review

As of Q1 2016, State of Michigan Retirement System held 982 positions worth $12.6B, down 3.5% from $13.1B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Michigan Retirement System withdrew a net $412M in Q1 2016, closing 24 positions and reducing 266 holdings. Its most notable exit was Mobileye N.V., an estimated $26.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.

Against the trend, State of Michigan Retirement System opened a new position in Apollo Commercial Real Estate worth $37.8M.

  • State of Michigan Retirement System's largest Q1 2016 buy was Apollo Commercial Real Estate: 2,319,000 shares worth $37.8M.
  • State of Michigan Retirement System added most to Wells Fargo in Q1 2016, an estimated $255M increase.
  • State of Michigan Retirement System's biggest Q1 2016 reduction was US Bancorp, cutting an estimated $129M.
  • State of Michigan Retirement System fully exited Mobileye N.V. in Q1 2016, selling an estimated $26.6M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $12.6B portfolio in Q1 2016.
  • State of Michigan Retirement System opened 27 new positions and closed 24 in Q1 2016.
  • State of Michigan Retirement System's portfolio value fell 3.5% quarter-over-quarter to $12.6B.

Based on State of Michigan Retirement System's 13F filing for Q1 2016, filed 6 May 2016.