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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
EV
676
DELISTED
Eaton Vance Corp.
EV
$1.53M 0.01%
45,800
-700
-2% -$20.8K
MDU icon
677
MDU Resources
MDU
$4.32B
$1.52M 0.01%
205,031
+2,104
+1% +$14.2K
PTC icon
678
PTC
PTC
$16B
$1.52M 0.01%
45,739
+500
+1% +$15.4K
SGI
679
Somnigroup International
SGI
$13.7B
$1.51M 0.01%
99,600
+1,200
+1% +$17.8K
CNK icon
680
Cinemark Holdings
CNK
$4.32B
$1.51M 0.01%
42,100
+400
+1% +$12.7K
LECO icon
681
Lincoln Electric
LECO
$15.4B
$1.5M 0.01%
25,700
-400
-2% -$21.8K
CXW icon
682
CoreCivic
CXW
$3.19B
$1.5M 0.01%
46,812
+500
+1% +$14.6K
IDA icon
683
Idacorp
IDA
$8.2B
$1.5M 0.01%
20,080
+200
+1% +$14.1K
CBSH icon
684
Commerce Bancshares
CBSH
$8.5B
$1.49M 0.01%
54,027
-2
-0% -$52
VYX icon
685
NCR Voyix
VYX
$1.14B
$1.48M 0.01%
80,587
+815
+1% +$11.7K
WBD icon
686
Warner Bros
WBD
$67.1B
$1.48M 0.01%
51,637
+500
+1% +$13.4K
POOL icon
687
Pool Corp
POOL
$7.5B
$1.47M 0.01%
+16,800
New +$1.35M
ABMD
688
DELISTED
Abiomed Inc
ABMD
$1.47M 0.01%
+15,500
New +$1.31M
CBRL icon
689
Cracker Barrel
CBRL
$1.29B
$1.47M 0.01%
9,600
+100
+1% +$13.8K
JBL icon
690
Jabil
JBL
$35.8B
$1.47M 0.01%
76,000
+1,200
+2% +$24.2K
SNV
691
DELISTED
Synovus
SNV
$1.46M 0.01%
50,405
-1,200
-2% -$34.4K
FEIC
692
DELISTED
FEI COMPANY
FEIC
$1.45M 0.01%
16,300
+100
+0.6% +$7.74K
WGL
693
DELISTED
Wgl Holdings
WGL
$1.44M 0.01%
19,940
+200
+1% +$13.4K
ZBRA icon
694
Zebra Technologies
ZBRA
$17.8B
$1.44M 0.01%
20,800
+200
+1% +$12.5K
GWR
695
DELISTED
Genesee & Wyoming Inc.
GWR
$1.42M 0.01%
22,700
+200
+0.9% +$11K
PBI icon
696
Pitney Bowes
PBI
$2.39B
$1.42M 0.01%
65,959
-1,400
-2% -$26.6K
DST
697
DELISTED
DST Systems Inc.
DST
$1.42M 0.01%
25,200
-202,200
-89% -$10.8M
EGN
698
DELISTED
Energen
EGN
$1.42M 0.01%
38,700
+7,500
+24% +$232K
NAVI icon
699
Navient
NAVI
$853M
$1.41M 0.01%
118,025
-5,900
-5% -$61.4K
CRL icon
700
Charles River Laboratories
CRL
$12.8B
$1.41M 0.01%
18,600
+200
+1% +$14.8K
26 27
28
29 30

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.