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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
TRIP icon
526
TripAdvisor
TRIP
$1.26B
$2.61M 0.02%
39,238
+600
+2% +$39.7K
NNN icon
527
NNN REIT
NNN
$8.99B
$2.6M 0.02%
56,300
+2,500
+5% +$109K
NI icon
528
NiSource
NI
$20.4B
$2.59M 0.02%
110,066
+1,100
+1% +$23.6K
DCI icon
529
Donaldson
DCI
$11.4B
$2.59M 0.02%
81,220
+400
+0.5% +$11.7K
JBHT icon
530
JB Hunt Transport Services
JBHT
$25.2B
$2.59M 0.02%
30,700
-300
-1% -$22.7K
FLR icon
531
Fluor
FLR
$7.96B
$2.57M 0.02%
47,873
-600
-1% -$28.2K
HII icon
532
Huntington Ingalls Industries
HII
$12.8B
$2.56M 0.02%
18,734
+200
+1% +$26K
CSL icon
533
Carlisle Companies
CSL
$15.4B
$2.55M 0.02%
25,620
-100
-0.4% -$8.82K
UNM icon
534
Unum
UNM
$14.3B
$2.54M 0.02%
82,209
-1,100
-1% -$32.3K
JWN
535
DELISTED
Nordstrom
JWN
$2.53M 0.02%
44,200
-2,300
-5% -$119K
CVC
536
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$2.53M 0.02%
76,612
+500
+0.7% +$16.1K
CF icon
537
CF Industries
CF
$17.3B
$2.52M 0.02%
80,265
+500
+0.6% +$16.3K
XYL icon
538
Xylem
XYL
$28.1B
$2.51M 0.02%
61,444
+100
+0.2% +$3.68K
IEX icon
539
IDEX
IEX
$17.3B
$2.51M 0.02%
30,300
– –
RPM icon
540
RPM International
RPM
$15B
$2.51M 0.02%
53,018
+400
+0.8% +$16.6K
FFIV icon
541
F5
FFIV
$22.7B
$2.51M 0.02%
23,684
-400
-2% -$38.3K
RGA icon
542
Reinsurance Group of America
RGA
$16.1B
$2.5M 0.02%
26,000
– –
DINO icon
543
HF Sinclair
DINO
$14.5B
$2.49M 0.02%
70,490
-1,800
-2% -$62K
FDS icon
544
Factset
FDS
$10.2B
$2.48M 0.02%
16,400
– –
TRMB icon
545
Trimble
TRMB
$13.9B
$2.48M 0.02%
100,100
+1,100
+1% +$24.3K
SPLS
546
DELISTED
Staples Inc
SPLS
$2.45M 0.02%
222,331
+2,200
+1% +$20.7K
ACC
547
DELISTED
American Campus Communities, Inc.
ACC
$2.45M 0.02%
52,000
+7,600
+17% +$328K
STE icon
548
Steris
STE
$23.1B
$2.44M 0.02%
34,300
+400
+1% +$27.1K
RJF icon
549
Raymond James Financial
RJF
$34B
$2.43M 0.02%
76,688
+1,200
+2% +$36.8K
MD icon
550
Pediatrix Medical
MD
$2.2B
$2.42M 0.02%
37,400
+200
+0.5% +$13.3K
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 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.