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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
KDP icon
301
Keurig Dr Pepper
KDP
$40.8B
$5.77M 0.05%
64,504
-100
-0.2% -$9.12K
VNO icon
302
Vornado Realty Trust
VNO
$7.38B
$5.76M 0.05%
75,489
+495
+0.7% +$35.9K
LH icon
303
Labcorp
LH
$25.9B
$5.75M 0.05%
57,168
-46,443
-45% -$4.45M
CLX icon
304
Clorox
CLX
$12.7B
$5.62M 0.04%
44,570
+400
+0.9% +$50.8K
BFH icon
305
Bread Financial
BFH
$4.38B
$5.61M 0.04%
31,950
-627
-2% -$109K
DTE icon
306
DTE Energy
DTE
$29.1B
$5.61M 0.04%
72,637
+470
+0.7% +$34K
GMLP
307
DELISTED
Golar LNG Partners LP
GMLP
$5.58M 0.04%
380,000
– –
JKHY icon
308
Jack Henry & Associates
JKHY
$11.1B
$5.55M 0.04%
65,650
+34,000
+107% +$2.73M
CERN
309
DELISTED
Cerner Corp
CERN
$5.52M 0.04%
104,220
+100
+0.1% +$5.45K
SWK icon
310
Stanley Black & Decker
SWK
$15.7B
$5.52M 0.04%
52,436
+1,200
+2% +$116K
MSM icon
311
MSC Industrial Direct
MSM
$6.86B
$5.51M 0.04%
72,200
+100
+0.1% +$6.7K
AMP icon
312
Ameriprise Financial
AMP
$48.8B
$5.47M 0.04%
58,148
-1,400
-2% -$126K
MJN
313
DELISTED
Mead Johnson Nutrition Company
MJN
$5.46M 0.04%
64,209
-3,200
-5% -$238K
O icon
314
Realty Income
O
$59.1B
$5.39M 0.04%
88,958
+825
+0.9% +$45.9K
SJM icon
315
J.M. Smucker
SJM
$12.8B
$5.35M 0.04%
41,208
+300
+0.7% +$37.8K
LKQ icon
316
LKQ Corp
LKQ
$6.29B
$5.31M 0.04%
166,300
+45,500
+38% +$1.27M
UAA icon
317
Under Armour
UAA
$2.6B
$5.3M 0.04%
125,000
-448,200
-78% -$17.7M
ESS icon
318
Essex Property Trust
ESS
$18.5B
$5.26M 0.04%
22,514
-100
-0.4% -$21.9K
SNDK
319
DELISTED
SANDISK CORP
SNDK
$5.26M 0.04%
69,202
+600
+0.9% +$43.3K
LVLT
320
DELISTED
Level 3 Communications Inc
LVLT
$5.26M 0.04%
99,500
+800
+0.8% +$39.5K
FE icon
321
FirstEnergy
FE
$27.5B
$5.25M 0.04%
145,833
+1,100
+0.8% +$37K
ARW icon
322
Arrow Electronics
ARW
$10.4B
$5.23M 0.04%
81,137
+6,300
+8% +$350K
DOC icon
323
Healthpeak Properties
DOC
$14.8B
$5.22M 0.04%
175,951
+1,317
+0.8% +$39.5K
MHFI
324
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$5.21M 0.04%
52,657
-40,000
-43% -$3.59M
NUE icon
325
Nucor
NUE
$62.1B
$5.18M 0.04%
109,427
+100
+0.1% +$4.07K
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 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.