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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
CNO icon
701
CNO Financial Group
CNO
$5.1B
$1.4M 0.01%
73,500
-14,300
-16% -$278K
CNK icon
702
Cinemark Holdings
CNK
$4.32B
$1.39M 0.01%
41,700
-6,300
-13% -$217K
DHC
703
Diversified Healthcare Trust
DHC
$2.14B
$1.39M 0.01%
93,900
-14,971
-14% -$224K
PBI icon
704
Pitney Bowes
PBI
$2.39B
$1.39M 0.01%
67,359
-5,500
-8% -$114K
THG icon
705
Hanover Insurance
THG
$7.98B
$1.39M 0.01%
17,050
-3,100
-15% -$256K
UMPQ
706
DELISTED
Umpqua Holdings Corp
UMPQ
$1.39M 0.01%
87,100
-13,300
-13% -$225K
FHN icon
707
First Horizon
FHN
$12.1B
$1.37M 0.01%
94,583
-11,900
-11% -$173K
NDSN icon
708
Nordson
NDSN
$17.3B
$1.36M 0.01%
21,260
-4,700
-18% -$323K
WBD icon
709
Warner Bros
WBD
$67.1B
$1.36M 0.01%
51,137
-2,800
-5% -$80.9K
WCG
710
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.36M 0.01%
17,400
-2,700
-13% -$224K
LECO icon
711
Lincoln Electric
LECO
$15.4B
$1.35M 0.01%
26,100
-5,300
-17% -$295K
WEX icon
712
WEX
WEX
$6.31B
$1.35M 0.01%
15,300
-2,300
-13% -$209K
IDA icon
713
Idacorp
IDA
$8.2B
$1.35M 0.01%
19,880
-3,100
-13% -$209K
WBS icon
714
Webster Financial
WBS
$12.8B
$1.35M 0.01%
36,250
-5,500
-13% -$208K
STR
715
DELISTED
QUESTAR CORP
STR
$1.35M 0.01%
69,171
-10,900
-14% -$214K
THS
716
DELISTED
Treehouse Foods
THS
$1.33M 0.01%
17,000
-2,600
-13% -$217K
FLIR
717
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.33M 0.01%
47,281
-3,400
-7% -$96.7K
TECH icon
718
Bio-Techne
TECH
$11.3B
$1.32M 0.01%
58,800
-8,800
-13% -$201K
AGCO icon
719
AGCO
AGCO
$7.2B
$1.32M 0.01%
29,100
-5,300
-15% -$250K
CFR icon
720
Cullen/Frost Bankers
CFR
$10.2B
$1.3M 0.01%
21,700
-3,500
-14% -$232K
CY
721
DELISTED
Cypress Semiconductor
CY
$1.29M 0.01%
132,000
-20,400
-13% -$203K
PDCO
722
DELISTED
Patterson Companies, Inc.
PDCO
$1.29M 0.01%
28,590
-2,800
-9% -$129K
FEIC
723
DELISTED
FEI COMPANY
FEIC
$1.29M 0.01%
16,200
-2,700
-14% -$209K
ITT icon
724
ITT
ITT
$19.1B
$1.29M 0.01%
35,400
-5,300
-13% -$199K
IPGP icon
725
IPG Photonics
IPGP
$3.84B
$1.28M 0.01%
14,400
-2,100
-13% -$180K
27 28
29
30 31

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.