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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
PACW
601
DELISTED
PacWest Bancorp
PACW
$1.93M 0.01%
44,700
-1,500
-3% -$67.5K
WYNN icon
602
Wynn Resorts
WYNN
$10.6B
$1.92M 0.01%
27,774
-1,600
-5% -$107K
MANH icon
603
Manhattan Associates
MANH
$11.4B
$1.91M 0.01%
28,900
-4,500
-13% -$320K
ZION icon
604
Zions Bancorporation
ZION
$10.3B
$1.91M 0.01%
69,838
-3,900
-5% -$112K
KEYS icon
605
Keysight
KEYS
$58.3B
$1.9M 0.01%
67,200
-9,800
-13% -$301K
SFG
606
DELISTED
STANCORP FINL GRP
SFG
$1.9M 0.01%
16,700
-2,500
-13% -$285K
BMR
607
DELISTED
BIOMED REALTY TRUST INC
BMR
$1.89M 0.01%
79,900
-12,200
-13% -$284K
FLS icon
608
Flowserve
FLS
$10.2B
$1.88M 0.01%
44,775
-3,400
-7% -$150K
ALGN icon
609
Align Technology
ALGN
$12.3B
$1.88M 0.01%
28,600
-4,600
-14% -$295K
IM
610
DELISTED
Ingram Micro
IM
$1.87M 0.01%
61,600
-9,300
-13% -$281K
FTR
611
DELISTED
Frontier Communications Corp.
FTR
$1.87M 0.01%
26,638
-1,460
-5% -$108K
EPC icon
612
Edgewell Personal Care
EPC
$1.31B
$1.86M 0.01%
23,744
-4,600
-16% -$373K
ADT
613
DELISTED
ADT Corp
ADT
$1.86M 0.01%
56,392
-5,000
-8% -$168K
CASY icon
614
Casey's General Stores
CASY
$30.9B
$1.85M 0.01%
15,400
-2,200
-13% -$251K
GNTX icon
615
Gentex
GNTX
$5.07B
$1.85M 0.01%
115,300
-18,100
-14% -$292K
DKS icon
616
Dick's Sporting Goods
DKS
$18.7B
$1.84M 0.01%
52,100
+9,200
+21% +$386K
ACC
617
DELISTED
American Campus Communities, Inc.
ACC
$1.83M 0.01%
44,400
-6,800
-13% -$268K
CRI icon
618
Carter's
CRI
$1.47B
$1.83M 0.01%
20,600
-3,200
-13% -$286K
PNRA
619
DELISTED
Panera Bread Co
PNRA
$1.83M 0.01%
9,400
-1,800
-16% -$334K
TCO
620
DELISTED
Taubman Centers Inc.
TCO
$1.83M 0.01%
23,800
-4,000
-14% -$298K
BC icon
621
Brunswick
BC
$5.28B
$1.82M 0.01%
36,000
-5,900
-14% -$304K
LPT
622
DELISTED
Liberty Property Trust
LPT
$1.81M 0.01%
58,400
-9,800
-14% -$325K
AIZ icon
623
Assurant
AIZ
$14.3B
$1.81M 0.01%
22,497
-1,700
-7% -$140K
FTNT icon
624
Fortinet
FTNT
$117B
$1.8M 0.01%
289,500
-41,000
-12% -$294K
NFX
625
DELISTED
Newfield Exploration
NFX
$1.8M 0.01%
55,272
-3,600
-6% -$134K
23 24
25
26 27

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.