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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
BAC icon
51
Bank of America
BAC
$442B
$52.4M 0.42%
3,876,477
-3,820,580
-50% -$51.6M
USB icon
52
US Bancorp
USB
$99.6B
$52.1M 0.41%
1,283,838
-3,224,695
-72% -$129M
PEP icon
53
PepsiCo
PEP
$190B
$51M 0.4%
497,673
-600
-0.1% -$59.3K
C icon
54
Citigroup
C
$226B
$46.7M 0.37%
1,118,030
-1,301,970
-54% -$54.4M
ACN icon
55
Accenture
ACN
$108B
$46.4M 0.37%
402,002
+29,100
+8% +$2.99M
UNH icon
56
UnitedHealth
UNH
$370B
$45.9M 0.36%
356,313
-4,700
-1% -$556K
EMR icon
57
Emerson Electric
EMR
$88.3B
$40.8M 0.32%
750,627
+183,585
+32% +$8.85M
MCD icon
58
McDonald's
MCD
$195B
$39M 0.31%
310,389
-3,700
-1% -$442K
WMT icon
59
Walmart Inc
WMT
$890B
$39M 0.31%
1,706,202
-3,730,200
-69% -$81.8M
AMGN icon
60
Amgen
AMGN
$222B
$38.8M 0.31%
258,962
+1,000
+0.4% +$149K
GD icon
61
General Dynamics
GD
$106B
$38.8M 0.31%
295,111
-900
-0.3% -$119K
LMT icon
62
Lockheed Martin
LMT
$136B
$38.2M 0.3%
172,527
-75,600
-30% -$16.3M
TXN icon
63
Texas Instruments
TXN
$261B
$38.2M 0.3%
665,014
-800
-0.1% -$42.5K
RTN
64
DELISTED
Raytheon Company
RTN
$37.9M 0.3%
309,316
+25,800
+9% +$3.18M
ARI
65
Apollo Commercial Real Estate
ARI
$885M
$37.8M 0.3%
+2,319,000
New +$37.3M
REGN icon
66
Regeneron Pharmaceuticals
REGN
$80.8B
$36.7M 0.29%
101,900
+75,300
+283% +$31M
AGN
67
DELISTED
Allergan plc
AGN
$36.4M 0.29%
135,852
+1,000
+0.7% +$286K
MDT icon
68
Medtronic
MDT
$112B
$36.3M 0.29%
484,190
+3,200
+0.7% +$241K
UPS icon
69
United Parcel Service
UPS
$88.9B
$36.2M 0.29%
343,662
+3,600
+1% +$350K
DAL icon
70
Delta Air Lines
DAL
$60.1B
$36M 0.29%
739,400
-900
-0.1% -$42K
VLO icon
71
Valero Energy
VLO
$85.9B
$34.9M 0.28%
543,760
+85,800
+19% +$5.46M
MMM icon
72
3M
MMM
$94.3B
$34.7M 0.28%
249,189
-13,395
-5% -$1.72M
NOC icon
73
Northrop Grumman
NOC
$81.2B
$32.7M 0.26%
165,089
-16,500
-9% -$3.12M
MON
74
DELISTED
Monsanto Co
MON
$32.5M 0.26%
370,035
+219,600
+146% +$19.8M
MA icon
75
Mastercard
MA
$493B
$32.4M 0.26%
343,000
-1,100
-0.3% -$97.3K
1 2
3
4 5

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.