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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
CTRA
526
DELISTED
Coterra Energy
CTRA
$2.5M 0.02%
141,564
-7,800
-5% -$156K
ALB icon
527
Albemarle
ALB
$15.5B
$2.48M 0.02%
44,320
-6,800
-13% -$350K
JKHY icon
528
Jack Henry & Associates
JKHY
$11.1B
$2.47M 0.02%
31,650
-5,200
-14% -$399K
QRVO icon
529
Qorvo
QRVO
$8.74B
$2.46M 0.02%
48,300
-5,600
-10% -$287K
CDNS icon
530
Cadence Design Systems
CDNS
$93.4B
$2.45M 0.02%
117,610
-15,100
-11% -$328K
PNW icon
531
Pinnacle West Capital
PNW
$12.2B
$2.44M 0.02%
37,923
-2,100
-5% -$134K
CVC
532
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$2.43M 0.02%
76,112
-4,100
-5% -$130K
SIVB
533
DELISTED
SVB Financial Group
SIVB
$2.43M 0.02%
20,400
-3,000
-13% -$372K
PKG icon
534
Packaging Corp of America
PKG
$22.8B
$2.42M 0.02%
38,400
-6,100
-14% -$402K
SIRO
535
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
$2.42M 0.02%
22,100
-3,300
-13% -$353K
NVR icon
536
NVR
NVR
$17B
$2.4M 0.02%
1,464
-200
-12% -$327K
DPZ icon
537
Domino's
DPZ
$11.6B
$2.4M 0.02%
21,600
-3,300
-13% -$353K
VAL
538
DELISTED
Valspar
VAL
$2.4M 0.02%
28,900
-4,800
-14% -$389K
WR
539
DELISTED
Westar Energy Inc
WR
$2.37M 0.02%
55,850
-4,400
-7% -$180K
EWBC icon
540
East-West Bancorp
EWBC
$18B
$2.37M 0.02%
56,900
-8,700
-13% -$358K
HII icon
541
Huntington Ingalls Industries
HII
$12.8B
$2.35M 0.02%
18,534
-3,200
-15% -$391K
FFIV icon
542
F5
FFIV
$22.7B
$2.33M 0.02%
24,084
-1,500
-6% -$162K
IEX icon
543
IDEX
IEX
$17.3B
$2.32M 0.02%
30,300
-5,000
-14% -$383K
RPM icon
544
RPM International
RPM
$15B
$2.32M 0.02%
52,618
-8,100
-13% -$365K
DCI icon
545
Donaldson
DCI
$11.4B
$2.32M 0.02%
80,820
-8,400
-9% -$247K
JWN
546
DELISTED
Nordstrom
JWN
$2.32M 0.02%
46,500
-3,900
-8% -$237K
URI icon
547
United Rentals
URI
$72.4B
$2.31M 0.02%
31,800
-2,700
-8% -$195K
HUBB icon
548
Hubbell
HUBB
$27.2B
$2.31M 0.02%
+22,814
New +$2.33M
KRC icon
549
Kilroy Realty
KRC
$4.42B
$2.3M 0.02%
36,400
-5,300
-13% -$348K
UGI icon
550
UGI
UGI
$7.33B
$2.3M 0.02%
68,200
-10,500
-13% -$364K
20 21
22
23 24

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.