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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
DHC
651
Diversified Healthcare Trust
DHC
$2.14B
$1.7M 0.01%
94,800
+900
+1% +$14K
NFG icon
652
National Fuel Gas
NFG
$7.65B
$1.7M 0.01%
33,880
+400
+1% +$18.4K
EPR icon
653
EPR Properties
EPR
$4.77B
$1.69M 0.01%
+25,300
New +$1.54M
TYL icon
654
Tyler Technologies
TYL
$12.8B
$1.69M 0.01%
13,100
+300
+2% +$41.7K
DEI icon
655
Douglas Emmett
DEI
$1.96B
$1.68M 0.01%
55,900
+800
+1% +$22.7K
HAIN icon
656
Hain Celestial
HAIN
$53.7M
$1.68M 0.01%
41,100
+400
+1% +$15K
NWSA icon
657
News Corp Class A
NWSA
$15.4B
$1.67M 0.01%
130,819
+300
+0.2% +$3.55K
FAF icon
658
First American
FAF
$7.58B
$1.66M 0.01%
43,500
+500
+1% +$17.8K
CPRT icon
659
Copart
CPRT
$27.5B
$1.66M 0.01%
325,216
+2,400
+0.7% +$11.1K
MANH icon
660
Manhattan Associates
MANH
$11.4B
$1.66M 0.01%
29,100
+200
+0.7% +$11.1K
BRO icon
661
Brown & Brown
BRO
$23.9B
$1.64M 0.01%
91,800
-800
-0.9% -$12.8K
ARRS
662
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.64M 0.01%
71,700
+18,400
+35% +$451K
SFM icon
663
Sprouts Farmers Market
SFM
$8.01B
$1.64M 0.01%
+56,400
New +$1.46M
WCG
664
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.63M 0.01%
17,600
+200
+1% +$16.6K
NDSN icon
665
Nordson
NDSN
$17.3B
$1.62M 0.01%
21,360
+100
+0.5% +$6.59K
GRMN
666
Garmin
GRMN
$60B
$1.62M 0.01%
40,546
+200
+0.5% +$7.43K
SVC
667
Service Properties Trust
SVC
$1.07B
$1.61M 0.01%
12,100
+120
+1% +$14.6K
ENH
668
DELISTED
Endurance Specialty Holdings Ltd
ENH
$1.61M 0.01%
24,600
+400
+2% +$25K
BCPC
669
Balchem Corp
BCPC
$5.72B
$1.6M 0.01%
25,800
-86,800
-77% -$5.21M
AMSG
670
DELISTED
Amsurg Corp
AMSG
$1.6M 0.01%
21,400
+100
+0.5% +$7.04K
SKX
671
DELISTED
Skechers
SKX
$1.59M 0.01%
52,200
+800
+2% +$24.1K
NEU icon
672
NewMarket
NEU
$8.18B
$1.58M 0.01%
4,000
– –
AMCX icon
673
AMC Global Media
AMCX
$489M
$1.58M 0.01%
24,350
+300
+1% +$20.5K
FLIR
674
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.56M 0.01%
47,381
+100
+0.2% +$3.09K
THG icon
675
Hanover Insurance
THG
$7.98B
$1.54M 0.01%
17,050
– –
25 26
27
28 29

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.