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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
RS icon
601
Reliance Steel & Aluminium
RS
$21.6B
$1.99M 0.02%
28,700
+400
+1% +$24.2K
GXP
602
DELISTED
Great Plains Energy Incorporated
GXP
$1.98M 0.02%
61,510
+600
+1% +$17.4K
ENDP
603
DELISTED
Endo International plc
ENDP
$1.98M 0.02%
70,400
-800
-1% -$37.8K
ATR icon
604
AptarGroup
ATR
$8.61B
$1.97M 0.02%
25,100
+400
+2% +$29.3K
SON icon
605
Sonoco
SON
$5.74B
$1.96M 0.02%
40,311
+400
+1% +$17K
BMS
606
DELISTED
Bemis
BMS
$1.96M 0.02%
37,800
-100
-0.3% -$4.82K
LPT
607
DELISTED
Liberty Property Trust
LPT
$1.95M 0.02%
58,400
– –
THS
608
DELISTED
Treehouse Foods
THS
$1.95M 0.02%
22,500
+5,500
+32% +$439K
C.WS.A
609
DELISTED
Citigroup Inc
C.WS.A
$1.95M 0.02%
19,500,000
– –
URI icon
610
United Rentals
URI
$72.4B
$1.95M 0.02%
31,300
-500
-2% -$27.8K
SCI icon
611
Service Corp International
SCI
$11.6B
$1.92M 0.02%
77,800
+100
+0.1% +$2.37K
ODFL icon
612
Old Dominion Freight Line
ODFL
$44.9B
$1.91M 0.02%
82,200
– –
EPC icon
613
Edgewell Personal Care
EPC
$1.31B
$1.9M 0.02%
23,644
-100
-0.4% -$7.67K
KEYS icon
614
Keysight
KEYS
$58.3B
$1.9M 0.02%
68,400
+1,200
+2% +$30.1K
CSC
615
DELISTED
Computer Sciences
CSC
$1.9M 0.02%
55,100
+200
+0.4% +$6.04K
RRC icon
616
Range Resources
RRC
$8.95B
$1.89M 0.02%
58,423
+500
+0.9% +$13.9K
PNRA
617
DELISTED
Panera Bread Co
PNRA
$1.88M 0.02%
9,200
-200
-2% -$39.8K
BEAV
618
DELISTED
B/E Aerospace Inc
BEAV
$1.88M 0.01%
40,800
-500
-1% -$21.4K
ACM icon
619
Aecom
ACM
$9.75B
$1.88M 0.01%
60,900
+1,000
+2% +$27.8K
MKTX icon
620
MarketAxess Holdings
MKTX
$5.72B
$1.87M 0.01%
15,000
+300
+2% +$34.3K
RVTY icon
621
Revvity
RVTY
$12.8B
$1.87M 0.01%
37,841
-400
-1% -$19.1K
TTC icon
622
Toro Company
TTC
$9.49B
$1.87M 0.01%
43,400
– –
EWBC icon
623
East-West Bancorp
EWBC
$18B
$1.86M 0.01%
57,400
+500
+0.9% +$16.3K
WOOF
624
DELISTED
VCA Inc.
WOOF
$1.86M 0.01%
32,200
+300
+0.9% +$15.5K
FMC icon
625
FMC
FMC
$1.33B
$1.86M 0.01%
53,017
+346
+0.7% +$11.2K
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 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.