We are live on ! Find out more
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
CNP icon
476
CenterPoint Energy
CNP
$26.8B
$3.1M 0.02%
148,138
+1,000
+0.7% +$18.9K
SBNY
477
DELISTED
Signature Bank
SBNY
$3.09M 0.02%
22,728
-4,172
-16% -$568K
JNPR
478
DELISTED
Juniper Networks
JNPR
$3.09M 0.02%
121,200
-200
-0.2% -$5K
FLG
479
Flagstar Bank National Association
FLG
$5.82B
$3.09M 0.02%
64,690
+767
+1% +$35.5K
MAA icon
480
Mid-America Apartment Communities
MAA
$15.7B
$3.08M 0.02%
30,100
+300
+1% +$27.8K
Y
481
DELISTED
Alleghany Corp
Y
$3.08M 0.02%
6,200
– –
INGR icon
482
Ingredion
INGR
$6.58B
$3.06M 0.02%
28,700
+400
+1% +$39.9K
EXPD icon
483
Expeditors International
EXPD
$23.2B
$3.06M 0.02%
62,695
-1,100
-2% -$50.4K
KSS icon
484
Kohl's
KSS
$2.19B
$3.05M 0.02%
65,406
+500
+0.8% +$23.5K
GT icon
485
Goodyear
GT
$1.85B
$3.03M 0.02%
91,940
– –
ATO icon
486
Atmos Energy
ATO
$28.8B
$3.02M 0.02%
40,700
+600
+1% +$41.2K
AMG icon
487
Affiliated Managers Group
AMG
$9.76B
$3.02M 0.02%
18,600
+100
+0.5% +$14K
LEN icon
488
Lennar Class A
LEN
$21.2B
$3M 0.02%
65,187
+840
+1% +$34.5K
COO icon
489
Cooper Companies
COO
$14.5B
$2.97M 0.02%
77,200
+400
+0.5% +$13.8K
TNL icon
490
Travel + Leisure Co
TNL
$4.7B
$2.96M 0.02%
85,829
-2,215
-3% -$70.2K
IT icon
491
Gartner
IT
$11.7B
$2.94M 0.02%
32,900
+100
+0.3% +$8.45K
VRSN icon
492
VeriSign
VRSN
$26.6B
$2.94M 0.02%
33,153
-400
-1% -$32.7K
SNPS icon
493
Synopsys
SNPS
$79.7B
$2.93M 0.02%
60,500
-1,200
-2% -$53K
HOLX
494
DELISTED
Hologic
HOLX
$2.93M 0.02%
84,900
-12,380
-13% -$432K
REG icon
495
Regency Centers
REG
$14.1B
$2.92M 0.02%
39,000
+1,800
+5% +$129K
CPT icon
496
Camden Property Trust
CPT
$11.3B
$2.92M 0.02%
34,700
+400
+1% +$30.6K
WAB icon
497
Wabtec
WAB
$49.3B
$2.91M 0.02%
36,700
-1,400
-4% -$97K
CBRE icon
498
CBRE Group
CBRE
$42.9B
$2.89M 0.02%
100,160
+700
+0.7% +$19.3K
CDK
499
DELISTED
CDK Global, Inc.
CDK
$2.89M 0.02%
62,000
-1,000
-2% -$44.5K
CDNS icon
500
Cadence Design Systems
CDNS
$93.4B
$2.88M 0.02%
121,910
+4,300
+4% +$90.1K
18 19
20
21 22

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.