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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
PAYX icon
301
Paychex
PAYX
$42.7B
$5.8M 0.04%
109,751
-6,400
-6% -$335K
NLSN
302
DELISTED
Nielsen Holdings plc
NLSN
$5.8M 0.04%
124,500
-8,000
-6% -$375K
NVDA icon
303
NVIDIA
NVDA
$5.42T
$5.76M 0.04%
6,992,320
-400,000
-5% -$301K
FIS icon
304
Fidelity National Information Services
FIS
$22.1B
$5.75M 0.04%
94,892
-6,800
-7% -$450K
PCAR icon
305
PACCAR
PCAR
$70.1B
$5.73M 0.04%
181,299
-10,800
-6% -$368K
CLX icon
306
Clorox
CLX
$12.7B
$5.6M 0.04%
44,170
-2,400
-5% -$298K
ES icon
307
Eversource Energy
ES
$27.2B
$5.54M 0.04%
108,456
-6,100
-5% -$310K
WEC icon
308
WEC Energy
WEC
$35.1B
$5.54M 0.04%
107,945
-6,000
-5% -$306K
APH icon
309
Amphenol
APH
$209B
$5.51M 0.04%
421,696
-24,800
-6% -$331K
SE
310
DELISTED
Spectra Energy Corp Wi
SE
$5.5M 0.04%
229,659
-12,800
-5% -$340K
SWK icon
311
Stanley Black & Decker
SWK
$15.7B
$5.47M 0.04%
51,236
-4,000
-7% -$422K
FITB
312
Fifth Third Bancorp
FITB
$51.8B
$5.46M 0.04%
271,712
-18,500
-6% -$366K
GGP
313
DELISTED
GGP Inc.
GGP
$5.42M 0.04%
199,200
-12,900
-6% -$347K
ESS icon
314
Essex Property Trust
ESS
$18.5B
$5.41M 0.04%
22,614
-1,100
-5% -$253K
TSN icon
315
Tyson Foods
TSN
$20.4B
$5.39M 0.04%
101,164
-8,400
-8% -$404K
LVLT
316
DELISTED
Level 3 Communications Inc
LVLT
$5.37M 0.04%
98,700
-5,500
-5% -$275K
IP icon
317
International Paper
IP
$22B
$5.34M 0.04%
149,700
-9,715
-6% -$374K
TT icon
318
Trane Technologies
TT
$106B
$5.34M 0.04%
96,616
-2,600
-3% -$146K
MJN
319
DELISTED
Mead Johnson Nutrition Company
MJN
$5.32M 0.04%
67,409
-5,900
-8% -$465K
MU icon
320
Micron Technology
MU
$991B
$5.26M 0.04%
371,320
-17,300
-4% -$277K
WY icon
321
Weyerhaeuser
WY
$18.4B
$5.24M 0.04%
174,620
-11,100
-6% -$335K
SNDK
322
DELISTED
SANDISK CORP
SNDK
$5.21M 0.04%
68,602
-5,200
-7% -$381K
RHT
323
DELISTED
Red Hat Inc
RHT
$5.18M 0.04%
62,516
-3,700
-6% -$294K
CMG icon
324
Chipotle Mexican Grill
CMG
$41.5B
$5.11M 0.04%
532,400
-25,000
-4% -$306K
GMLP
325
DELISTED
Golar LNG Partners LP
GMLP
$5.08M 0.04%
380,000
+87,000
+30% +$1.31M
11 12
13
14 15

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.