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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
NRG icon
701
NRG Energy
NRG
$24.8B
$1.41M 0.01%
108,436
+1,000
+0.9% +$11.4K
AGCO icon
702
AGCO
AGCO
$7.2B
$1.41M 0.01%
28,300
-800
-3% -$38.5K
IPGP icon
703
IPG Photonics
IPGP
$3.84B
$1.4M 0.01%
14,600
+200
+1% +$17K
MUR icon
704
Murphy Oil
MUR
$4.78B
$1.4M 0.01%
55,701
+400
+0.7% +$8.01K
ODP
705
DELISTED
ODP
ODP
$1.4M 0.01%
19,720
+190
+1% +$10.2K
TECH icon
706
Bio-Techne
TECH
$11.3B
$1.4M 0.01%
59,200
+400
+0.7% +$8.81K
UMPQ
707
DELISTED
Umpqua Holdings Corp
UMPQ
$1.39M 0.01%
87,900
+800
+0.9% +$12.1K
FMER
708
DELISTED
FIRSTMERIT CORP
FMER
$1.39M 0.01%
66,169
+600
+0.9% +$11.6K
GPOR
709
DELISTED
Gulfport Energy Corp.
GPOR
$1.39M 0.01%
49,100
+6,300
+15% +$166K
WSO icon
710
Watsco Inc
WSO
$13.6B
$1.39M 0.01%
10,300
+100
+1% +$12.1K
EXP icon
711
Eagle Materials
EXP
$6.57B
$1.38M 0.01%
19,700
-100
-0.5% -$5.82K
FLO icon
712
Flowers Foods
FLO
$1.57B
$1.38M 0.01%
74,550
+700
+0.9% +$13.3K
SKT icon
713
Tanger
SKT
$4.52B
$1.38M 0.01%
37,800
+300
+0.8% +$9.88K
WKC icon
714
World Kinect Corp
WKC
$1.86B
$1.38M 0.01%
28,300
+300
+1% +$12.9K
FNFG
715
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$1.37M 0.01%
141,590
+1,300
+0.9% +$12.6K
OZK icon
716
Bank OZK
OZK
$5.61B
$1.37M 0.01%
32,600
+400
+1% +$16.8K
DNY
717
DELISTED
DONNELLEY R R & SONS CO
DNY
$1.37M 0.01%
83,300
+800
+1% +$13.1K
ATML
718
DELISTED
ATMEL CORP
ATML
$1.36M 0.01%
168,130
+2,000
+1% +$16.2K
MMS icon
719
Maximus
MMS
$3.1B
$1.36M 0.01%
25,900
+100
+0.4% +$5.1K
JCP
720
DELISTED
J.C. Penney Company, Inc.
JCP
$1.35M 0.01%
122,140
+1,400
+1% +$12.3K
CW icon
721
Curtiss-Wright
CW
$25.5B
$1.35M 0.01%
+17,800
New +$1.23M
NE
722
DELISTED
Noble Corporation
NE
$1.35M 0.01%
130,100
-80,740
-38% -$733K
PRXL
723
DELISTED
Parexel International Corp
PRXL
$1.34M 0.01%
21,400
+400
+2% +$24.7K
PDCO
724
DELISTED
Patterson Companies, Inc.
PDCO
$1.34M 0.01%
28,790
+200
+0.7% +$8.66K
CNL
725
DELISTED
CLECO CRP (HOLDING CO)
CNL
$1.34M 0.01%
24,200
+300
+1% +$15.3K
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 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.