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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
PNW icon
501
Pinnacle West Capital
PNW
$12.2B
$2.87M 0.02%
38,223
+300
+0.8% +$20.5K
ALB icon
502
Albemarle
ALB
$15.5B
$2.87M 0.02%
44,820
+500
+1% +$27.4K
WWAV
503
DELISTED
The WhiteWave Foods Company
WWAV
$2.86M 0.02%
70,334
+700
+1% +$26.6K
TIF
504
DELISTED
Tiffany & Co.
TIF
$2.82M 0.02%
38,422
+300
+0.8% +$20.1K
DKS icon
505
Dick's Sporting Goods
DKS
$18.7B
$2.81M 0.02%
60,000
+7,900
+15% +$321K
WR
506
DELISTED
Westar Energy Inc
WR
$2.81M 0.02%
56,550
+700
+1% +$31.2K
IDXX icon
507
Idexx Laboratories
IDXX
$46.2B
$2.8M 0.02%
35,800
-200
-0.6% -$14.4K
PVH icon
508
PVH
PVH
$4.04B
$2.79M 0.02%
28,200
– –
ASH icon
509
Ashland
ASH
$3.5B
$2.78M 0.02%
51,617
+817
+2% +$39.3K
UGI icon
510
UGI
UGI
$7.33B
$2.76M 0.02%
68,600
+400
+0.6% +$14.5K
TSS
511
DELISTED
Total System Services, Inc.
TSS
$2.76M 0.02%
58,033
+100
+0.2% +$4.38K
NTAP icon
512
NetApp
NTAP
$37.2B
$2.72M 0.02%
99,555
-400
-0.4% -$9.69K
CTAS icon
513
Cintas
CTAS
$81.3B
$2.71M 0.02%
120,572
+800
+0.7% +$17.2K
JBLU icon
514
JetBlue
JBLU
$2.29B
$2.71M 0.02%
128,123
+3,600
+3% +$75.7K
GAS
515
DELISTED
AGL Resources Inc
GAS
$2.7M 0.02%
41,441
+300
+0.7% +$19.3K
AES icon
516
AES
AES
$10.5B
$2.68M 0.02%
227,125
-3,000
-1% -$29.9K
ARE icon
517
Alexandria Real Estate Equities
ARE
$8.56B
$2.66M 0.02%
29,300
+600
+2% +$48.9K
DRI icon
518
Darden Restaurants
DRI
$24.4B
$2.63M 0.02%
39,705
+300
+0.8% +$19K
MSCI icon
519
MSCI
MSCI
$40.9B
$2.63M 0.02%
35,500
-1,000
-3% -$69.2K
VAR
520
DELISTED
Varian Medical Systems, Inc.
VAR
$2.63M 0.02%
37,462
-342
-0.9% -$23.2K
DPZ icon
521
Domino's
DPZ
$11.6B
$2.62M 0.02%
19,900
-1,700
-8% -$203K
WYNN icon
522
Wynn Resorts
WYNN
$10.6B
$2.62M 0.02%
28,074
+300
+1% +$22.1K
NDAQ icon
523
Nasdaq
NDAQ
$52.9B
$2.62M 0.02%
118,485
+600
+0.5% +$12.4K
HBAN icon
524
Huntington Bancshares
HBAN
$35.5B
$2.61M 0.02%
273,786
+1,300
+0.5% +$12K
TFX icon
525
Teleflex
TFX
$5.98B
$2.61M 0.02%
16,630
+200
+1% +$27.9K
19 20
21
22 23

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.