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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
ZBH icon
276
Zimmer Biomet
ZBH
$18.4B
$6.57M 0.05%
63,451
+3,193
+5% +$309K
NLSN
277
DELISTED
Nielsen Holdings plc
NLSN
$6.56M 0.05%
124,600
+100
+0.1% +$4.84K
WEC icon
278
WEC Energy
WEC
$35.1B
$6.53M 0.05%
108,645
+700
+0.6% +$39.2K
NTRS icon
279
Northern Trust
NTRS
$33.9B
$6.52M 0.05%
100,106
+5,800
+6% +$363K
EW icon
280
Edwards Lifesciences
EW
$51.7B
$6.52M 0.05%
221,724
+300
+0.1% +$8.28K
PRGO icon
281
Perrigo
PRGO
$1.78B
$6.45M 0.05%
50,414
+300
+0.6% +$41K
ES icon
282
Eversource Energy
ES
$27.2B
$6.37M 0.05%
109,256
+800
+0.7% +$43.6K
ROP icon
283
Roper Technologies
ROP
$39.8B
$6.36M 0.05%
34,794
+300
+0.9% +$51.7K
ADI icon
284
Analog Devices
ADI
$190B
$6.32M 0.05%
106,705
– –
HIG icon
285
Hartford Financial Services
HIG
$39.3B
$6.3M 0.05%
136,627
-3,500
-2% -$147K
STI
286
DELISTED
SunTrust Banks, Inc.
STI
$6.28M 0.05%
173,928
-400
-0.2% -$14.4K
NVDA icon
287
NVIDIA
NVDA
$5.42T
$6.27M 0.05%
7,040,320
+48,000
+0.7% +$36.6K
SCG
288
DELISTED
Scana
SCG
$6.17M 0.05%
87,884
+39,000
+80% +$2.52M
CMI icon
289
Cummins
CMI
$88.7B
$6.14M 0.05%
55,824
-400
-0.7% -$38.7K
TAP icon
290
Molson Coors Class B
TAP
$8.09B
$6.09M 0.05%
63,343
+9,400
+17% +$839K
MTB icon
291
M&T Bank
MTB
$36.2B
$6.08M 0.05%
54,730
– –
FIS icon
292
Fidelity National Information Services
FIS
$22.1B
$6.02M 0.05%
95,092
+200
+0.2% +$12K
LUMN icon
293
Lumen
LUMN
$6.44B
$5.99M 0.05%
187,251
-500
-0.3% -$14K
PAYX icon
294
Paychex
PAYX
$42.7B
$5.98M 0.05%
110,651
+900
+0.8% +$45.3K
WAT icon
295
Waters Corp
WAT
$39.9B
$5.97M 0.05%
45,224
-84,300
-65% -$10.5M
GGP
296
DELISTED
GGP Inc.
GGP
$5.96M 0.05%
200,500
+1,300
+0.7% +$35.7K
TT icon
297
Trane Technologies
TT
$106B
$5.93M 0.05%
95,716
-900
-0.9% -$49.1K
ATVI
298
DELISTED
Activision Blizzard
ATVI
$5.91M 0.05%
174,600
+2,000
+1% +$65.6K
COR icon
299
Cencora
COR
$61.2B
$5.81M 0.05%
67,180
-876,600
-93% -$78.1M
IP icon
300
International Paper
IP
$22B
$5.81M 0.05%
149,488
-212
-0.1% -$7.38K
10 11
12
13 14

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.