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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
TOL icon
576
Toll Brothers
TOL
$14.5B
$2.13M 0.02%
64,100
-9,600
-13% -$342K
WRB icon
577
W.R. Berkley
WRB
$26.6B
$2.13M 0.02%
131,473
-20,250
-13% -$331K
NI icon
578
NiSource
NI
$20.4B
$2.13M 0.02%
108,966
-5,900
-5% -$113K
TRMB icon
579
Trimble
TRMB
$13.9B
$2.12M 0.02%
99,000
-18,200
-16% -$378K
CBOE icon
580
Cboe Global Markets
CBOE
$29.9B
$2.12M 0.02%
32,600
-5,100
-14% -$345K
HNT
581
DELISTED
HEALTH NET INC
HNT
$2.09M 0.02%
30,568
-4,700
-13% -$301K
SPLS
582
DELISTED
Staples Inc
SPLS
$2.08M 0.02%
220,131
-12,200
-5% -$143K
OA
583
DELISTED
Orbital ATK, Inc.
OA
$2.08M 0.02%
23,300
-3,700
-14% -$311K
WTRG icon
584
Essential Utilities
WTRG
$11.4B
$2.08M 0.02%
69,716
-10,900
-14% -$314K
PVH icon
585
PVH
PVH
$4.04B
$2.08M 0.02%
28,200
-1,600
-5% -$142K
OGE icon
586
OGE Energy
OGE
$9.71B
$2.08M 0.02%
78,920
-11,900
-13% -$319K
PII icon
587
Polaris
PII
$4.07B
$2.07M 0.02%
24,100
-3,900
-14% -$413K
RVTY icon
588
Revvity
RVTY
$12.8B
$2.05M 0.02%
38,241
-2,600
-6% -$132K
AFG icon
589
American Financial Group
AFG
$12.1B
$2.04M 0.02%
28,290
-4,600
-14% -$331K
SCI icon
590
Service Corp International
SCI
$11.6B
$2.02M 0.02%
77,700
-13,600
-15% -$372K
LII icon
591
Lennox International
LII
$15.2B
$1.99M 0.02%
15,900
-2,400
-13% -$309K
JEF icon
592
Jefferies Financial Group
JEF
$13.1B
$1.98M 0.02%
127,391
-8,155
-6% -$136K
HP icon
593
Helmerich & Payne
HP
$3.71B
$1.98M 0.02%
36,880
-2,000
-5% -$111K
RNR icon
594
RenaissanceRe
RNR
$13.4B
$1.96M 0.02%
17,300
-3,600
-17% -$398K
LEG icon
595
Leggett & Platt
LEG
$1.31B
$1.96M 0.02%
46,525
-2,900
-6% -$129K
AVY icon
596
Avery Dennison
AVY
$13.4B
$1.95M 0.02%
31,150
-1,800
-5% -$114K
PHM icon
597
Pultegroup
PHM
$25.3B
$1.94M 0.01%
108,681
-7,300
-6% -$136K
GAP
598
The Gap Inc
GAP
$7.37B
$1.94M 0.01%
78,370
-8,100
-9% -$216K
TGNA
599
DELISTED
TEGNA Inc
TGNA
$1.93M 0.01%
118,419
-9,219
-7% -$156K
WSM icon
600
Williams-Sonoma
WSM
$29.6B
$1.93M 0.01%
66,000
-10,600
-14% -$363K
22 23
24
25 26

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.