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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
WRB icon
576
W.R. Berkley
WRB
$26.6B
$2.2M 0.02%
132,148
+675
+0.5% +$10.4K
STLD icon
577
Steel Dynamics
STLD
$37.6B
$2.19M 0.02%
97,100
+1,400
+1% +$26.4K
HP icon
578
Helmerich & Payne
HP
$3.71B
$2.18M 0.02%
37,180
+300
+0.8% +$15.9K
HAR
579
DELISTED
Harman International Industries
HAR
$2.18M 0.02%
24,514
+200
+0.8% +$15.9K
CRI icon
580
Carter's
CRI
$1.47B
$2.18M 0.02%
20,700
+100
+0.5% +$9.59K
OKE icon
581
Oneok
OKE
$54.5B
$2.16M 0.02%
72,330
+800
+1% +$19.7K
LII icon
582
Lennox International
LII
$15.2B
$2.15M 0.02%
15,900
– –
HRB icon
583
H&R Block
HRB
$5.86B
$2.15M 0.02%
81,222
-660,600
-89% -$20.7M
SNI
584
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.14M 0.02%
32,643
+300
+0.9% +$17.8K
FTI icon
585
TechnipFMC
FTI
$27.3B
$2.14M 0.02%
104,985
+134
+0.1% +$2.53K
CBOE icon
586
Cboe Global Markets
CBOE
$29.9B
$2.13M 0.02%
32,600
– –
IM
587
DELISTED
Ingram Micro
IM
$2.13M 0.02%
59,200
-2,400
-4% -$76.8K
JLL icon
588
Jones Lang LaSalle
JLL
$16.7B
$2.11M 0.02%
18,000
+200
+1% +$24.2K
ALLE icon
589
Allegion
ALLE
$14.4B
$2.11M 0.02%
33,105
+300
+0.9% +$18.3K
GL icon
590
Globe Life
GL
$14.3B
$2.1M 0.02%
38,846
-400
-1% -$21.3K
RHI icon
591
Robert Half
RHI
$4.37B
$2.1M 0.02%
45,160
-200
-0.4% -$8.38K
SIVB
592
DELISTED
SVB Financial Group
SIVB
$2.1M 0.02%
20,600
+200
+1% +$19.3K
ALGN icon
593
Align Technology
ALGN
$12.3B
$2.1M 0.02%
28,900
+300
+1% +$19.6K
RNR icon
594
RenaissanceRe
RNR
$13.4B
$2.06M 0.02%
17,200
-100
-0.6% -$11.4K
PHM icon
595
Pultegroup
PHM
$25.3B
$2.05M 0.02%
109,381
+700
+0.6% +$11.9K
OA
596
DELISTED
Orbital ATK, Inc.
OA
$2.04M 0.02%
23,500
+200
+0.9% +$17K
UTHR icon
597
United Therapeutics
UTHR
$23.1B
$2.02M 0.02%
18,100
+100
+0.6% +$12.7K
WST icon
598
West Pharmaceutical
WST
$24.9B
$2M 0.02%
28,900
+400
+1% +$24.1K
AFG icon
599
American Financial Group
AFG
$12.1B
$1.99M 0.02%
28,290
– –
FLS icon
600
Flowserve
FLS
$10.2B
$1.99M 0.02%
44,775
– –
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 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.