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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
PH icon
326
Parker-Hannifin
PH
$135B
$5.17M 0.04%
46,543
– –
ROK icon
327
Rockwell Automation
ROK
$49B
$5.15M 0.04%
45,290
+100
+0.2% +$10.1K
BCR
328
DELISTED
CR Bard Inc.
BCR
$5.14M 0.04%
25,385
+100
+0.4% +$18.9K
SWKS icon
329
Skyworks Solutions
SWKS
$10.6B
$5.14M 0.04%
66,000
+600
+0.9% +$40.7K
XRAY icon
330
Dentsply Sirona
XRAY
$2.43B
$5.12M 0.04%
83,082
+35,293
+74% +$2.08M
FSLR icon
331
First Solar
FSLR
$26.9B
$5.09M 0.04%
74,306
-224,600
-75% -$15.1M
ETR icon
332
Entergy
ETR
$50B
$4.88M 0.04%
122,974
+1,000
+0.8% +$36.3K
CMG icon
333
Chipotle Mexican Grill
CMG
$41.5B
$4.87M 0.04%
517,400
-15,000
-3% -$143K
FAST icon
334
Fastenal
FAST
$59.5B
$4.87M 0.04%
397,376
+1,200
+0.3% +$13K
JAH
335
DELISTED
JARDEN CORPORATION
JAH
$4.86M 0.04%
82,500
+600
+0.7% +$32.1K
HOT
336
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$4.85M 0.04%
58,117
+400
+0.7% +$27.3K
NEM icon
337
Newmont
NEM
$119B
$4.84M 0.04%
182,199
+1,200
+0.7% +$27.8K
VMC icon
338
Vulcan Materials
VMC
$36.9B
$4.84M 0.04%
45,858
+300
+0.7% +$28.4K
DVN icon
339
Devon Energy
DVN
$47.3B
$4.82M 0.04%
175,711
+43,600
+33% +$1.06M
HES
340
DELISTED
Hess
HES
$4.8M 0.04%
91,125
+8,900
+11% +$393K
RCL icon
341
Royal Caribbean
RCL
$85.6B
$4.8M 0.04%
58,400
-300
-0.5% -$23.4K
WHR icon
342
Whirlpool
WHR
$2.82B
$4.79M 0.04%
26,545
-200
-0.7% -$29.8K
GPN icon
343
Global Payments
GPN
$22.8B
$4.74M 0.04%
72,600
+200
+0.3% +$11.9K
M icon
344
Macy's
M
$6.68B
$4.71M 0.04%
106,802
-700
-0.7% -$28.9K
RHT
345
DELISTED
Red Hat Inc
RHT
$4.69M 0.04%
62,916
+400
+0.6% +$28.2K
EFX icon
346
Equifax
EFX
$21.4B
$4.67M 0.04%
40,902
+400
+1% +$42.1K
MAR icon
347
Marriott International
MAR
$92.3B
$4.66M 0.04%
65,419
-500
-0.8% -$32.7K
NBL
348
DELISTED
Noble Energy, Inc.
NBL
$4.64M 0.04%
147,613
+2,000
+1% +$61.1K
MVIS icon
349
Microvision
MVIS
$79M
$4.62M 0.04%
164,711
+18,044
+12% +$689K
GWW icon
350
W.W. Grainger
GWW
$60.2B
$4.57M 0.04%
19,575
-200
-1% -$41.9K
12 13
14
15 16

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.