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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
DGX icon
426
Quest Diagnostics
DGX
$26.3B
$3.48M 0.03%
48,983
-350,700
-88% -$23.6M
LLTC
427
DELISTED
Linear Technology Corp
LLTC
$3.47M 0.03%
81,792
-4,800
-6% -$211K
XRX icon
428
Xerox
XRX
$425M
$3.46M 0.03%
123,512
-14,459
-10% -$388K
BF.B icon
429
Brown-Forman Class B
BF.B
$13.1B
$3.45M 0.03%
108,522
-14,687
-12% -$490K
CBRE icon
430
CBRE Group
CBRE
$42.9B
$3.44M 0.03%
99,460
-5,000
-5% -$176K
EMN icon
431
Eastman Chemical
EMN
$8.42B
$3.43M 0.03%
50,810
-2,900
-5% -$203K
CMS icon
432
CMS Energy
CMS
$22.3B
$3.42M 0.03%
94,799
-5,100
-5% -$182K
SNA icon
433
Snap-on
SNA
$21.5B
$3.4M 0.03%
19,851
-1,200
-6% -$200K
MKC icon
434
McCormick & Company Non-Voting
MKC
$14.2B
$3.4M 0.03%
79,504
-4,800
-6% -$202K
BALL icon
435
Ball Corp
BALL
$16.8B
$3.39M 0.03%
93,200
-6,600
-7% -$226K
JNPR
436
DELISTED
Juniper Networks
JNPR
$3.35M 0.03%
121,400
-6,300
-5% -$186K
BWA icon
437
BorgWarner
BWA
$13.9B
$3.31M 0.03%
87,108
-5,680
-6% -$213K
TRIP icon
438
TripAdvisor
TRIP
$1.26B
$3.29M 0.03%
38,638
-2,200
-5% -$178K
IFF icon
439
International Flavors & Fragrances
IFF
$21.9B
$3.28M 0.03%
27,446
-1,700
-6% -$197K
MAS icon
440
Masco
MAS
$15.3B
$3.26M 0.02%
115,088
-9,200
-7% -$262K
ANSS
441
DELISTED
Ansys
ANSS
$3.26M 0.02%
35,200
-5,800
-14% -$535K
NEM icon
442
Newmont
NEM
$119B
$3.26M 0.02%
180,999
-10,000
-5% -$184K
CF icon
443
CF Industries
CF
$17.3B
$3.25M 0.02%
79,765
-4,400
-5% -$207K
DOV icon
444
Dover
DOV
$28.4B
$3.25M 0.02%
65,641
-4,457
-6% -$226K
IPG
445
DELISTED
Interpublic Group of Companies
IPG
$3.23M 0.02%
138,973
-9,200
-6% -$207K
MCHP icon
446
Microchip Technology
MCHP
$46B
$3.23M 0.02%
138,928
-13,200
-9% -$310K
CPB icon
447
Campbell Soup
CPB
$6.87B
$3.23M 0.02%
61,447
-3,500
-5% -$179K
AKAM icon
448
Akamai
AKAM
$15.9B
$3.2M 0.02%
60,847
-3,600
-6% -$221K
LLL
449
DELISTED
L3 Technologies, Inc.
LLL
$3.2M 0.02%
26,776
-2,300
-8% -$273K
MOS icon
450
The Mosaic Company
MOS
$7.33B
$3.17M 0.02%
114,730
-6,400
-5% -$204K
16 17
18
19 20

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.