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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
CFG icon
401
Citizens Financial Group
CFG
$30.6B
$3.81M 0.03%
+181,700
New +$3.85M
WDC icon
402
Western Digital
WDC
$150B
$3.79M 0.03%
106,061
+1,191
+1% +$42.6K
WMB icon
403
Williams Companies
WMB
$86.1B
$3.78M 0.03%
235,042
+1,700
+0.7% +$29.2K
FRT icon
404
Federal Realty Investment Trust
FRT
$10.3B
$3.75M 0.03%
24,000
-3,400
-12% -$509K
MU icon
405
Micron Technology
MU
$991B
$3.74M 0.03%
357,220
-14,100
-4% -$158K
MTD icon
406
Mettler-Toledo International
MTD
$28.6B
$3.72M 0.03%
10,800
– –
EQT icon
407
EQT Corp
EQT
$32.3B
$3.7M 0.03%
100,980
+5,144
+5% +$165K
XL
408
DELISTED
XL Group Ltd.
XL
$3.7M 0.03%
100,462
-1,400
-1% -$49.8K
SRCL
409
DELISTED
Stericycle Inc
SRCL
$3.69M 0.03%
29,257
+200
+0.7% +$23.3K
PFG icon
410
Principal Financial Group
PFG
$24.3B
$3.68M 0.03%
93,375
+300
+0.3% +$11.5K
EMN icon
411
Eastman Chemical
EMN
$8.42B
$3.68M 0.03%
50,910
+100
+0.2% +$6.55K
LLTC
412
DELISTED
Linear Technology Corp
LLTC
$3.67M 0.03%
82,392
+600
+0.7% +$25.4K
CHRW icon
413
C.H. Robinson
CHRW
$17.5B
$3.66M 0.03%
49,297
+200
+0.4% +$13.7K
XRX icon
414
Xerox
XRX
$425M
$3.66M 0.03%
124,422
+910
+0.7% +$23.5K
CCEP icon
415
Coca-Cola Europacific Partners
CCEP
$47.9B
$3.65M 0.03%
72,042
+600
+0.8% +$28.9K
MAS icon
416
Masco
MAS
$15.3B
$3.62M 0.03%
114,988
-100
-0.1% -$2.75K
CNC icon
417
Centene
CNC
$32.5B
$3.6M 0.03%
116,800
+22,600
+24% +$675K
CTRA
418
DELISTED
Coterra Energy
CTRA
$3.58M 0.03%
157,764
+16,200
+11% +$325K
UDR icon
419
UDR
UDR
$12.3B
$3.54M 0.03%
92,000
-11,545
-11% -$413K
MLM icon
420
Martin Marietta Materials
MLM
$33B
$3.54M 0.03%
22,200
-400
-2% -$55K
FL
421
DELISTED
Foot Locker
FL
$3.54M 0.03%
54,800
+500
+0.9% +$32.4K
ANDV
422
DELISTED
Andeavor
ANDV
$3.53M 0.03%
41,067
-100
-0.2% -$8.59K
L icon
423
Loews
L
$23.6B
$3.53M 0.03%
92,225
-3,500
-4% -$129K
FBIN icon
424
Fortune Brands Innovations
FBIN
$6.06B
$3.52M 0.03%
73,593
-234
-0.3% -$10.1K
CPRI icon
425
Capri Holdings
CPRI
$1.74B
$3.52M 0.03%
61,800
-672,200
-92% -$33.2M
15 16
17
18 19

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.