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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
ACM icon
626
Aecom
ACM
$9.75B
$1.8M 0.01%
59,900
-8,700
-13% -$262K
AMCX icon
627
AMC Global Media
AMCX
$489M
$1.8M 0.01%
24,050
-3,600
-13% -$276K
ATR icon
628
AptarGroup
ATR
$8.61B
$1.79M 0.01%
24,700
-3,800
-13% -$275K
CSC
629
DELISTED
Computer Sciences
CSC
$1.79M 0.01%
54,900
-63,686
-54% -$1.86M
ORI icon
630
Old Republic International
ORI
$10.4B
$1.79M 0.01%
96,127
-13,800
-13% -$248K
FMC icon
631
FMC
FMC
$1.33B
$1.79M 0.01%
52,671
-2,883
-5% -$98.7K
SNI
632
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$1.79M 0.01%
32,343
-1,700
-5% -$95.7K
IRM icon
633
Iron Mountain
IRM
$36.1B
$1.77M 0.01%
65,730
-3,500
-5% -$103K
OKE icon
634
Oneok
OKE
$54.5B
$1.76M 0.01%
71,530
-4,000
-5% -$120K
WOOF
635
DELISTED
VCA Inc.
WOOF
$1.75M 0.01%
31,900
-5,000
-14% -$274K
BEAV
636
DELISTED
B/E Aerospace Inc
BEAV
$1.75M 0.01%
41,300
-7,100
-15% -$317K
NWSA icon
637
News Corp Class A
NWSA
$15.4B
$1.74M 0.01%
130,519
-9,700
-7% -$137K
JBL icon
638
Jabil
JBL
$35.8B
$1.74M 0.01%
74,800
-13,400
-15% -$319K
SGI
639
Somnigroup International
SGI
$13.7B
$1.73M 0.01%
98,400
-14,000
-12% -$266K
DEI icon
640
Douglas Emmett
DEI
$1.96B
$1.72M 0.01%
55,100
-8,100
-13% -$248K
WST icon
641
West Pharmaceutical
WST
$24.9B
$1.72M 0.01%
28,500
-4,400
-13% -$265K
PBCT
642
DELISTED
People's United Financial Inc
PBCT
$1.71M 0.01%
106,071
-5,900
-5% -$96K
STLD icon
643
Steel Dynamics
STLD
$37.6B
$1.71M 0.01%
95,700
-14,500
-13% -$259K
BMS
644
DELISTED
Bemis
BMS
$1.69M 0.01%
37,900
-6,400
-14% -$286K
TER icon
645
Teradyne
TER
$59.3B
$1.68M 0.01%
81,300
-14,800
-15% -$295K
SNV
646
DELISTED
Synovus
SNV
$1.67M 0.01%
51,605
-8,600
-14% -$274K
GXP
647
DELISTED
Great Plains Energy Incorporated
GXP
$1.66M 0.01%
60,910
-9,300
-13% -$252K
HAIN icon
648
Hain Celestial
HAIN
$53.7M
$1.64M 0.01%
40,700
-6,000
-13% -$272K
HIW icon
649
Highwoods Properties
HIW
$3.47B
$1.64M 0.01%
37,700
-5,100
-12% -$218K
MKTX icon
650
MarketAxess Holdings
MKTX
$5.72B
$1.64M 0.01%
+14,700
New +$1.5M
24 25
26
27 28

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.