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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
STX icon
426
Seagate
STX
$184B
$3.52M 0.03%
102,068
-200
-0.2% -$6.45K
DGX icon
427
Quest Diagnostics
DGX
$26.3B
$3.51M 0.03%
49,183
+200
+0.4% +$13.4K
RF icon
428
Regions Financial
RF
$26.8B
$3.48M 0.03%
443,446
-3,100
-0.7% -$24.9K
BALL icon
429
Ball Corp
BALL
$16.8B
$3.48M 0.03%
97,600
+4,400
+5% +$150K
WFM
430
DELISTED
Whole Foods Market Inc
WFM
$3.48M 0.03%
111,814
-4,900
-4% -$153K
J icon
431
Jacobs Solutions
J
$17B
$3.46M 0.03%
96,102
-84,265
-47% -$2.75M
MAC icon
432
Macerich
MAC
$6.92B
$3.46M 0.03%
43,688
-2,300
-5% -$180K
NOK icon
433
Nokia
NOK
$52.3B
$3.46M 0.03%
585,800
– –
CPGX
434
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
$3.46M 0.03%
137,666
+4,600
+3% +$89.1K
KMX icon
435
CarMax
KMX
$8.26B
$3.44M 0.03%
67,369
-1,900
-3% -$89.7K
DOV icon
436
Dover
DOV
$28.4B
$3.43M 0.03%
66,013
+372
+0.6% +$18K
DHI icon
437
D.R. Horton
DHI
$42.3B
$3.42M 0.03%
113,264
+1,000
+0.9% +$27.5K
EWI icon
438
iShares MSCI Italy ETF
EWI
$1.08B
$3.42M 0.03%
140,000
– –
WRK
439
DELISTED
WestRock Company
WRK
$3.41M 0.03%
96,985
-666
-0.7% -$21.7K
BF.B icon
440
Brown-Forman Class B
BF.B
$13.1B
$3.41M 0.03%
108,209
-313
-0.3% -$9.67K
PNR icon
441
Pentair
PNR
$11B
$3.41M 0.03%
93,518
+1,787
+2% +$57.8K
TXT icon
442
Textron
TXT
$15.4B
$3.4M 0.03%
93,381
-200
-0.2% -$7.01K
SIG icon
443
Signet Jewelers
SIG
$3.76B
$3.4M 0.03%
27,400
-284,800
-91% -$32.4M
AKAM icon
444
Akamai
AKAM
$15.9B
$3.38M 0.03%
60,847
– –
MCHP icon
445
Microchip Technology
MCHP
$46B
$3.38M 0.03%
140,128
+1,200
+0.9% +$26.7K
LNT icon
446
Alliant Energy
LNT
$18B
$3.36M 0.03%
90,520
+800
+0.9% +$27K
EG icon
447
Everest Group
EG
$14.4B
$3.36M 0.03%
17,020
– –
SLG icon
448
SL Green Realty
SLG
$3.99B
$3.34M 0.03%
35,639
+413
+1% +$37.7K
LHX icon
449
L3Harris
LHX
$53.4B
$3.34M 0.03%
42,885
+300
+0.7% +$24K
WU icon
450
Western Union
WU
$2.21B
$3.33M 0.03%
172,794
– –
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 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.