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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
C icon
26
Citigroup
C
$226B
$125M 0.96%
2,420,000
-68,300
-3% -$3.62M
WMT icon
27
Walmart Inc
WMT
$890B
$111M 0.85%
5,436,402
-2,199,600
-29% -$44.1M
XOM icon
28
ExxonMobil
XOM
$634B
$111M 0.85%
1,423,864
-81,800
-5% -$6.54M
EXC icon
29
Exelon
EXC
$47B
$106M 0.81%
5,368,944
+509,487
+10% +$10.3M
AIG icon
30
American International
AIG
$41.8B
$102M 0.78%
1,647,102
-44,900
-3% -$2.74M
APTV icon
31
Aptiv
APTV
$10.3B
$101M 0.78%
1,180,090
-217,000
-16% -$18.1M
COR icon
32
Cencora
COR
$61.2B
$97.9M 0.75%
943,780
-7,500
-0.8% -$736K
PFE icon
33
Pfizer
PFE
$153B
$97.5M 0.75%
3,182,922
+443,734
+16% +$14M
PG icon
34
Procter & Gamble
PG
$339B
$95.6M 0.73%
1,203,612
-147,000
-11% -$11.2M
VIAB
35
DELISTED
Viacom Inc. Class B
VIAB
$93.2M 0.71%
2,263,704
+993,000
+78% +$46.6M
T icon
36
AT&T
T
$163B
$90.4M 0.69%
3,479,714
-173,974
-5% -$4.41M
PM icon
37
Philip Morris
PM
$295B
$83.2M 0.64%
946,045
-87,900
-9% -$7.63M
TSLA icon
38
Tesla
TSLA
$1.3T
$82.2M 0.63%
5,134,815
-30,000
-0.6% -$449K
CMCSA icon
39
Comcast
CMCSA
$90B
$77.4M 0.59%
2,744,298
+253,000
+10% +$7.62M
GOOG icon
40
Alphabet (Google) Class C
GOOG
$4.32T
$77.1M 0.59%
+2,032,420
New +$72.9M
INTC icon
41
Intel
INTC
$513B
$73.5M 0.56%
2,132,255
-530,700
-20% -$17.9M
IBM icon
42
IBM
IBM
$224B
$72.2M 0.55%
548,977
+7,426
+1% +$998K
XLF icon
43
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$70.6M 0.54%
3,380,074
– –
BRK.B icon
44
Berkshire Hathaway Class B
BRK.B
$1.13T
$65.7M 0.5%
497,466
-2,300
-0.5% -$309K
ORCL icon
45
Oracle
ORCL
$423B
$65.1M 0.5%
1,780,948
+363,000
+26% +$13.9M
MRK icon
46
Merck
MRK
$318B
$62.3M 0.48%
1,235,543
-86,565
-7% -$4.36M
MO icon
47
Altria Group
MO
$114B
$61.4M 0.47%
1,054,274
-37,500
-3% -$2.17M
AX icon
48
Axos Financial
AX
$5.68B
$60.9M 0.47%
2,892,000
– –
RTX icon
49
RTX Corp
RTX
$301B
$60.6M 0.46%
1,003,102
-23,041
-2% -$1.39M
KO icon
50
Coca-Cola
KO
$375B
$58.5M 0.45%
1,362,746
-107,900
-7% -$4.58M
1
2
3 4 5

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.