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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
ETFC
551
DELISTED
E*Trade Financial Corporation
ETFC
$2.38M 0.02%
97,350
-2,800
-3% -$67.8K
PII icon
552
Polaris
PII
$4.07B
$2.37M 0.02%
24,100
– –
SEIC icon
553
SEI Investments
SEIC
$12.6B
$2.36M 0.02%
54,900
+200
+0.4% +$8.2K
MNK
554
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$2.36M 0.02%
38,500
-1,200
-3% -$76.7K
ADT
555
DELISTED
ADT Corp
ADT
$2.35M 0.02%
56,892
+500
+0.9% +$17.5K
OHI icon
556
Omega Healthcare
OHI
$14.7B
$2.33M 0.02%
66,100
+1,000
+2% +$32.8K
AVT icon
557
Avnet
AVT
$7.92B
$2.32M 0.02%
52,340
+100
+0.2% +$4.11K
GAP
558
The Gap Inc
GAP
$7.37B
$2.29M 0.02%
77,870
-500
-0.6% -$13.1K
OGE icon
559
OGE Energy
OGE
$9.71B
$2.28M 0.02%
79,720
+800
+1% +$21.1K
CMA
560
DELISTED
Comerica
CMA
$2.28M 0.02%
60,176
-300
-0.5% -$10.8K
KRC icon
561
Kilroy Realty
KRC
$4.42B
$2.28M 0.02%
36,800
+400
+1% +$22.5K
AOS icon
562
A.O. Smith
AOS
$8.7B
$2.27M 0.02%
59,600
+400
+0.7% +$14K
PKG icon
563
Packaging Corp of America
PKG
$22.8B
$2.27M 0.02%
37,600
-800
-2% -$42.9K
NFX
564
DELISTED
Newfield Exploration
NFX
$2.27M 0.02%
68,172
+12,900
+23% +$364K
LEG icon
565
Leggett & Platt
LEG
$1.31B
$2.26M 0.02%
46,725
+200
+0.4% +$8.67K
HUBB icon
566
Hubbell
HUBB
$27.2B
$2.26M 0.02%
21,314
-1,500
-7% -$143K
AIV
567
Aimco
AIV
$383M
$2.25M 0.02%
404,527
+3,003
+0.7% +$15.4K
FTR
568
DELISTED
Frontier Communications Corp.
FTR
$2.25M 0.02%
26,811
+173
+0.6% +$12.6K
WTRG icon
569
Essential Utilities
WTRG
$11.4B
$2.25M 0.02%
70,616
+900
+1% +$27.9K
IRM icon
570
Iron Mountain
IRM
$36.1B
$2.25M 0.02%
66,230
+500
+0.8% +$14.4K
QRVO icon
571
Qorvo
QRVO
$8.74B
$2.24M 0.02%
44,500
-3,800
-8% -$166K
TE
572
DELISTED
TECO ENERGY INC
TE
$2.23M 0.02%
81,048
+600
+0.7% +$16.4K
ULTI
573
DELISTED
Ultimate Software Group Inc
ULTI
$2.23M 0.02%
11,500
+200
+2% +$34.8K
AVY icon
574
Avery Dennison
AVY
$13.4B
$2.22M 0.02%
30,750
-400
-1% -$25.9K
DISCK
575
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.21M 0.02%
81,977
-6,300
-7% -$163K
21 22
23
24 25

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.