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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
VIAB
26
DELISTED
Viacom Inc. Class B
VIAB
$106M 0.84%
2,557,304
+293,600
+13% +$11.7M
T icon
27
AT&T
T
$163B
$103M 0.82%
3,497,985
+18,271
+0.5% +$506K
WTW icon
28
Willis Towers Watson
WTW
$32B
$101M 0.8%
849,878
+847,990
+44,915% +$97.6M
PFE icon
29
Pfizer
PFE
$153B
$88.7M 0.7%
3,152,461
-30,461
-1% -$870K
PM icon
30
Philip Morris
PM
$295B
$85.5M 0.68%
871,245
-74,800
-8% -$6.86M
APTV icon
31
Aptiv
APTV
$10.3B
$84.8M 0.67%
1,130,890
-49,200
-4% -$3.37M
PG icon
32
Procter & Gamble
PG
$339B
$79M 0.63%
959,912
-243,700
-20% -$19.6M
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.32T
$76.2M 0.61%
2,046,420
+14,000
+0.7% +$501K
IBM icon
34
IBM
IBM
$224B
$75.9M 0.6%
524,501
-24,476
-4% -$3.13M
INTC icon
35
Intel
INTC
$513B
$75.7M 0.6%
2,341,255
+209,000
+10% +$6.41M
DIS icon
36
Walt Disney
DIS
$181B
$70.4M 0.56%
708,525
+188,300
+36% +$18.2M
CRM icon
37
Salesforce
CRM
$158B
$68.2M 0.54%
924,184
+703,700
+319% +$48.5M
UNP icon
38
Union Pacific
UNP
$174B
$68M 0.54%
854,456
-1,003,700
-54% -$77.6M
ORCL icon
39
Oracle
ORCL
$423B
$67.6M 0.54%
1,653,148
-127,800
-7% -$4.73M
XLF icon
40
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$66.8M 0.53%
3,380,074
– –
CVX icon
41
Chevron
CVX
$366B
$65.3M 0.52%
685,004
+41,300
+6% +$3.61M
CMCSA icon
42
Comcast
CMCSA
$90B
$63.9M 0.51%
2,091,298
-653,000
-24% -$18.7M
MRK icon
43
Merck
MRK
$318B
$62.4M 0.5%
1,235,648
+105
+0% +$5.14K
KO icon
44
Coca-Cola
KO
$375B
$62.2M 0.49%
1,341,646
-21,100
-2% -$918K
RTX icon
45
RTX Corp
RTX
$301B
$61.8M 0.49%
980,380
-22,722
-2% -$1.32M
TSCO icon
46
Tractor Supply
TSCO
$18.1B
$61.6M 0.49%
3,405,000
+500
+0% +$8.56K
AX icon
47
Axos Financial
AX
$5.68B
$60.6M 0.48%
2,842,100
-49,900
-2% -$904K
MO icon
48
Altria Group
MO
$114B
$60.5M 0.48%
965,474
-88,800
-8% -$5.37M
HON icon
49
Honeywell
HON
$78B
$54.9M 0.44%
545,262
-78,459
-13% -$7.35M
ABBV icon
50
AbbVie
ABBV
$435B
$53.7M 0.43%
940,163
+381,000
+68% +$21.2M
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 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.