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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
+5.73%
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
$13.1B
AUM Growth
+$123M
Cap. Flow
-$445M
Cap. Flow %
-3.41%
Top 10 Hldgs %
23.98%
Holding
979
New
21
Increased
65
Reduced
843
Closed
24

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$210M
2
AXP icon
American Express
AXP
+$103M
3
WFC icon
Wells Fargo
WFC
+$89.8M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$72.9M
5
VIAB
Viacom Inc. Class B
VIAB
+$46.6M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$267M
2
UNP icon
Union Pacific
UNP
+$117M
3
PCG icon
PG&E
PCG
+$79.7M
4
PYPL icon
PayPal
PYPL
+$76.1M
5
AAPL icon
Apple
AAPL
+$59.9M

Sector Composition

Rank Sector Weight
1 Financials 19.34%
2 Healthcare 14.87%
3 Technology 12.45%
4 Consumer Discretionary 9.65%
5 Communication Services 9.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAL icon
251
United Airlines
UAL
$42.1B
$7.31M 0.06%
127,500
-600
-0.5% -$34.6K
EA
252
DELISTED
Electronic Arts
EA
$7.3M 0.06%
106,282
-6,300
-6% -$442K
HCA icon
253
HCA Healthcare
HCA
$89.5B
$7.26M 0.06%
107,400
-287,400
-73% -$20M
VFC icon
254
VF Corp
VFC
$5.89B
$7.26M 0.06%
123,867
-6,691
-5% -$418K
PRGO icon
255
Perrigo
PRGO
$1.78B
$7.25M 0.06%
50,114
-2,700
-5% -$415K
BXLT
256
DELISTED
BAXALTA INC COM STK (DE)
BXLT
$7.25M 0.06%
185,639
-10,000
-5% -$349K
BFH icon
257
Bread Financial
BFH
$4.38B
$7.19M 0.06%
32,577
+501
+2% +$113K
DG icon
258
Dollar General
DG
$27.9B
$7.15M 0.05%
99,542
-6,900
-6% -$468K
BAX icon
259
Baxter International
BAX
$14.2B
$7.14M 0.05%
187,139
-9,800
-5% -$358K
SHW icon
260
Sherwin-Williams
SHW
$89.8B
$7.03M 0.05%
81,285
-4,500
-5% -$389K
PARA
261
DELISTED
Paramount Global Class B
PARA
$6.99M 0.05%
148,367
-593,200
-80% -$27.8M
BEN icon
262
Franklin Resources
BEN
$17.2B
$6.98M 0.05%
189,632
-10,000
-5% -$391K
ISRG icon
263
Intuitive Surgical
ISRG
$134B
$6.98M 0.05%
115,056
-5,400
-4% -$303K
BHI
264
DELISTED
Baker Hughes
BHI
$6.88M 0.05%
149,129
-8,200
-5% -$420K
BCPC
265
Balchem Corp
BCPC
$5.72B
$6.85M 0.05%
112,600
– –
NTRS icon
266
Northern Trust
NTRS
$33.9B
$6.8M 0.05%
94,306
-4,700
-5% -$338K
BXP icon
267
Boston Properties
BXP
$11.1B
$6.7M 0.05%
52,564
-2,800
-5% -$349K
EL icon
268
Estee Lauder
EL
$32B
$6.7M 0.05%
76,090
-5,300
-7% -$451K
GLNG icon
269
Golar LNG
GLNG
$5.13B
$6.7M 0.05%
424,000
+149,000
+54% +$3.81M
PEG icon
270
Public Service Enterprise Group
PEG
$37.7B
$6.7M 0.05%
173,030
-9,600
-5% -$385K
ATVI
271
DELISTED
Activision Blizzard
ATVI
$6.68M 0.05%
172,600
+2,000
+1% +$72.1K
MTB icon
272
M&T Bank
MTB
$36.2B
$6.63M 0.05%
54,730
+6,653
+14% +$811K
EIX icon
273
Edison International
EIX
$26.4B
$6.6M 0.05%
111,396
-6,200
-5% -$379K
ROP icon
274
Roper Technologies
ROP
$39.8B
$6.55M 0.05%
34,494
-1,900
-5% -$348K
BSMX
275
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$6.45M 0.05%
744,300
– –
9 10
11
12 13

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 Q4 2015 Portfolio in Review

As of Q4 2015, State of Michigan Retirement System held 979 positions worth $13.1B, up 0.95% from $12.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $445M in Q4 2015, closing 24 positions and reducing 843 holdings. Its most notable exit was Chubb, an estimated $15.2M 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 Healthcare and Technology.

Against the trend, State of Michigan Retirement System opened a new position in Alphabet (Google) Class A worth $221M.

  • State of Michigan Retirement System's largest Q4 2015 buy was Alphabet (Google) Class A: 5,686,360 shares worth $221M.
  • State of Michigan Retirement System added most to American Express in Q4 2015, an estimated $103M increase.
  • State of Michigan Retirement System's biggest Q4 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $267M.
  • State of Michigan Retirement System fully exited Chubb in Q4 2015, selling an estimated $15.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.1B portfolio in Q4 2015.
  • State of Michigan Retirement System opened 21 new positions and closed 24 in Q4 2015.
  • State of Michigan Retirement System's portfolio value rose 0.95% quarter-over-quarter to $13.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2015, filed 1 Feb 2016.