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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
JEF icon
626
Jefferies Financial Group
JEF
$13.1B
$1.85M 0.01%
128,173
+782
+0.6% +$11K
LSI
627
DELISTED
Life Storage, Inc.
LSI
$1.85M 0.01%
23,550
+2,100
+10% +$153K
GGG icon
628
Graco
GGG
$13.5B
$1.85M 0.01%
66,000
-300
-0.5% -$7.48K
HIW icon
629
Highwoods Properties
HIW
$3.47B
$1.84M 0.01%
38,400
+700
+2% +$30.5K
TOL icon
630
Toll Brothers
TOL
$14.5B
$1.83M 0.01%
61,900
-2,200
-3% -$61.5K
GNTX icon
631
Gentex
GNTX
$5.07B
$1.81M 0.01%
115,300
– –
WSM icon
632
Williams-Sonoma
WSM
$29.6B
$1.81M 0.01%
66,000
– –
FTNT icon
633
Fortinet
FTNT
$117B
$1.78M 0.01%
291,000
+1,500
+0.5% +$8.28K
WP
634
DELISTED
Worldpay, Inc.
WP
$1.78M 0.01%
33,100
+9,500
+40% +$465K
ORI icon
635
Old Republic International
ORI
$10.4B
$1.78M 0.01%
97,227
+1,100
+1% +$19.8K
TGNA
636
DELISTED
TEGNA Inc
TGNA
$1.78M 0.01%
118,263
-156
-0.1% -$2.37K
CASY icon
637
Casey's General Stores
CASY
$30.9B
$1.77M 0.01%
15,600
+200
+1% +$22.4K
TER icon
638
Teradyne
TER
$59.3B
$1.76M 0.01%
81,600
+300
+0.4% +$5.87K
POST icon
639
Post Holdings
POST
$3.57B
$1.76M 0.01%
39,117
+1,681
+4% +$70.9K
CNI icon
640
Canadian National Railway
CNI
$76.6B
$1.75M 0.01%
28,000
– –
BC icon
641
Brunswick
BC
$5.28B
$1.74M 0.01%
36,300
+300
+0.8% +$13K
STR
642
DELISTED
QUESTAR CORP
STR
$1.73M 0.01%
69,871
+700
+1% +$16.2K
DNKN
643
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.73M 0.01%
36,600
– –
AIZ icon
644
Assurant
AIZ
$14.3B
$1.72M 0.01%
22,297
-200
-0.9% -$15.2K
MSCC
645
DELISTED
Microsemi Corp
MSCC
$1.72M 0.01%
+44,900
New +$1.49M
TCO
646
DELISTED
Taubman Centers Inc.
TCO
$1.71M 0.01%
24,000
+200
+0.8% +$14.2K
WRI
647
DELISTED
Weingarten Realty Investors
WRI
$1.71M 0.01%
45,500
+400
+0.9% +$14.1K
ZION icon
648
Zions Bancorporation
ZION
$10.3B
$1.71M 0.01%
70,438
+600
+0.9% +$13.8K
PBCT
649
DELISTED
People's United Financial Inc
PBCT
$1.7M 0.01%
106,871
+800
+0.8% +$12K
PACW
650
DELISTED
PacWest Bancorp
PACW
$1.7M 0.01%
45,700
+1,000
+2% +$35.4K
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 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.