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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
RGLD icon
726
Royal Gold
RGLD
$19.5B
$1.33M 0.01%
26,000
+200
+0.8% +$8.15K
FICO icon
727
Fair Isaac
FICO
$22.5B
$1.33M 0.01%
12,500
+200
+2% +$19K
SMG icon
728
ScottsMiracle-Gro
SMG
$3.66B
$1.32M 0.01%
18,175
+200
+1% +$13.6K
CGNX icon
729
Cognex
CGNX
$11.3B
$1.32M 0.01%
67,800
+800
+1% +$14K
ITT icon
730
ITT
ITT
$19.1B
$1.32M 0.01%
35,700
+300
+0.8% +$10.2K
WBS icon
731
Webster Financial
WBS
$12.8B
$1.31M 0.01%
36,450
+200
+0.6% +$6.85K
KATE
732
DELISTED
Kate Spade & Company
KATE
$1.3M 0.01%
51,100
+600
+1% +$11.8K
OII icon
733
Oceaneering
OII
$4.77B
$1.3M 0.01%
39,100
+400
+1% +$12.5K
LYV icon
734
Live Nation Entertainment
LYV
$42.1B
$1.3M 0.01%
58,200
+600
+1% +$13.1K
KEX icon
735
Kirby Corp
KEX
$6.93B
$1.3M 0.01%
21,500
+100
+0.5% +$5.45K
LDOS icon
736
Leidos
LDOS
$17.3B
$1.29M 0.01%
25,625
+300
+1% +$14.3K
LM
737
DELISTED
Legg Mason, Inc.
LM
$1.29M 0.01%
37,076
+200
+0.5% +$6.27K
CNO icon
738
CNO Financial Group
CNO
$5.1B
$1.28M 0.01%
71,700
-1,800
-2% -$31.3K
WEX icon
739
WEX
WEX
$6.31B
$1.28M 0.01%
15,400
+100
+0.7% +$7.23K
DNB
740
DELISTED
Dun & Bradstreet
DNB
$1.28M 0.01%
12,446
+100
+0.8% +$9.72K
PPS
741
DELISTED
Post Properties
PPS
$1.28M 0.01%
21,400
– –
OGS icon
742
ONE Gas
OGS
$5.04B
$1.27M 0.01%
20,857
+200
+1% +$11.3K
VSTO
743
DELISTED
Vista Outdoor Inc.
VSTO
$1.27M 0.01%
24,400
-200
-0.8% -$9.65K
CSRA
744
DELISTED
CSRA Inc.
CSRA
$1.26M 0.01%
46,873
-200
-0.4% -$5.23K
HR
745
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.26M 0.01%
+40,800
New +$1.19M
NJR icon
746
New Jersey Resources
NJR
$5.58B
$1.25M 0.01%
+34,300
New +$1.19M
FHN icon
747
First Horizon
FHN
$12.1B
$1.24M 0.01%
94,883
+300
+0.3% +$3.82K
PAY
748
DELISTED
Verifone Systems Inc
PAY
$1.24M 0.01%
44,000
-1,400
-3% -$34.6K
SENS icon
749
Senseonics Holdings Inc
SENS
$366M
$1.24M 0.01%
+21,713
New +$1.22M
PWR icon
750
Quanta Services
PWR
$101B
$1.24M 0.01%
54,944
+322
+0.6% +$6.38K
28 29
30
31 32

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.