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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
CINF icon
451
Cincinnati Financial
CINF
$27.1B
$3.33M 0.03%
50,885
+400
+0.8% +$24.3K
MOS icon
452
The Mosaic Company
MOS
$7.33B
$3.28M 0.03%
121,330
+6,600
+6% +$172K
LNC icon
453
Lincoln National
LNC
$8.81B
$3.25M 0.03%
82,997
-1,600
-2% -$62.5K
HOG icon
454
Harley-Davidson
HOG
$2.71B
$3.25M 0.03%
63,349
-2,300
-4% -$100K
SEE
455
DELISTED
Sealed Air
SEE
$3.24M 0.03%
67,484
– –
MRO
456
DELISTED
Marathon Oil Corporation
MRO
$3.24M 0.03%
290,476
+58,800
+25% +$550K
RMD icon
457
ResMed
RMD
$30.7B
$3.23M 0.03%
55,900
+700
+1% +$39.6K
KSU
458
DELISTED
Kansas City Southern
KSU
$3.2M 0.03%
37,400
+100
+0.3% +$7.8K
FIT
459
DELISTED
Fitbit, Inc. Class A common stock
FIT
$3.18M 0.03%
+210,000
New +$3.33M
IPG
460
DELISTED
Interpublic Group of Companies
IPG
$3.18M 0.03%
138,473
-500
-0.4% -$10.8K
KEY icon
461
KeyCorp
KEY
$24.4B
$3.18M 0.03%
287,674
+2,000
+0.7% +$22.3K
ARG
462
DELISTED
Airgas Inc
ARG
$3.18M 0.03%
22,421
+200
+0.9% +$28.1K
LLL
463
DELISTED
L3 Technologies, Inc.
LLL
$3.17M 0.03%
26,776
– –
XEC
464
DELISTED
CIMAREX ENERGY CO
XEC
$3.17M 0.03%
32,600
+300
+0.9% +$26.4K
WCN
465
Waste Connections
WCN
$42B
$3.15M 0.03%
73,275
+750
+1% +$30.2K
ANSS
466
DELISTED
Ansys
ANSS
$3.15M 0.03%
35,200
– –
SNA icon
467
Snap-on
SNA
$21.5B
$3.15M 0.03%
20,051
+200
+1% +$30.6K
BBY icon
468
Best Buy
BBY
$17.3B
$3.15M 0.03%
97,020
-5,000
-5% -$152K
AJG icon
469
Arthur J. Gallagher & Co
AJG
$63.6B
$3.15M 0.03%
70,700
+800
+1% +$31.9K
IFF icon
470
International Flavors & Fragrances
IFF
$21.9B
$3.13M 0.02%
27,546
+100
+0.4% +$11.2K
RL icon
471
Ralph Lauren
RL
$23.6B
$3.13M 0.02%
32,533
+12,400
+62% +$1.22M
BG icon
472
Bunge Global
BG
$20.8B
$3.12M 0.02%
+55,000
New +$3.14M
DRE
473
DELISTED
Duke Realty Corp.
DRE
$3.11M 0.02%
138,100
+1,600
+1% +$32.9K
VAL
474
DELISTED
Valspar
VAL
$3.1M 0.02%
29,000
+100
+0.3% +$8.25K
HAS icon
475
Hasbro
HAS
$13.2B
$3.1M 0.02%
38,699
+300
+0.8% +$22.3K
17 18
19
20 21

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.