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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
SHW icon
251
Sherwin-Williams
SHW
$89.8B
$7.68M 0.06%
80,985
-300
-0.4% -$26.3K
VFC icon
252
VF Corp
VFC
$5.89B
$7.57M 0.06%
124,186
+319
+0.3% +$18.5K
UAL icon
253
United Airlines
UAL
$42.1B
$7.41M 0.06%
123,800
-3,700
-3% -$196K
BEN icon
254
Franklin Resources
BEN
$17.2B
$7.36M 0.06%
188,532
-1,100
-0.6% -$38.9K
HPQ icon
255
HP
HPQ
$27.5B
$7.32M 0.06%
594,513
-23,300
-4% -$249K
XEL icon
256
Xcel Energy
XEL
$48.8B
$7.31M 0.06%
174,766
+1,200
+0.7% +$46.8K
VTR icon
257
Ventas
VTR
$47.9B
$7.28M 0.06%
115,682
+1,800
+2% +$101K
DFS
258
DELISTED
Discover Financial Services
DFS
$7.26M 0.06%
142,635
-3,600
-2% -$173K
EL icon
259
Estee Lauder
EL
$32B
$7.2M 0.06%
76,390
+300
+0.4% +$26.7K
SE
260
DELISTED
Spectra Energy Corp Wi
SE
$7.07M 0.06%
231,159
+1,500
+0.7% +$42.3K
PGR icon
261
Progressive
PGR
$125B
$7.07M 0.06%
201,145
+1,200
+0.6% +$38.4K
EA
262
DELISTED
Electronic Arts
EA
$7.04M 0.06%
106,482
+200
+0.2% +$12.8K
ZTS icon
263
Zoetis
ZTS
$30B
$6.98M 0.06%
157,456
+800
+0.5% +$34K
MNST icon
264
Monster Beverage
MNST
$88.5B
$6.9M 0.05%
310,428
+2,400
+0.8% +$53.5K
MPC icon
265
Marathon Petroleum
MPC
$83.7B
$6.77M 0.05%
182,186
-469,800
-72% -$17.9M
VRTX icon
266
Vertex Pharmaceuticals
VRTX
$126B
$6.74M 0.05%
84,800
+800
+1% +$72.4K
TSN icon
267
Tyson Foods
TSN
$20.4B
$6.73M 0.05%
100,964
-200
-0.2% -$12K
BSMX
268
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$6.72M 0.05%
744,300
– –
BXP icon
269
Boston Properties
BXP
$11.1B
$6.72M 0.05%
52,864
+300
+0.6% +$35.6K
CAG icon
270
Conagra Brands
CAG
$7.23B
$6.67M 0.05%
192,050
+1,799
+0.9% +$58.4K
DLTR icon
271
Dollar Tree
DLTR
$25.2B
$6.67M 0.05%
80,874
+600
+0.7% +$47.3K
K
272
DELISTED
Kellanova
K
$6.64M 0.05%
92,437
-532
-0.6% -$36.7K
PCAR icon
273
PACCAR
PCAR
$70.1B
$6.62M 0.05%
181,449
+150
+0.1% +$5.02K
BHI
274
DELISTED
Baker Hughes
BHI
$6.61M 0.05%
150,729
+1,600
+1% +$69.1K
VTRS icon
275
Viatris
VTRS
$18.9B
$6.58M 0.05%
141,893
+600
+0.4% +$29K
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 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.