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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
CLGX
751
DELISTED
Corelogic, Inc.
CLGX
$1.18M 0.01%
34,900
-5,800
-14% -$217K
CST
752
DELISTED
CST Brands, Inc.
CST
$1.17M 0.01%
29,884
-4,600
-13% -$168K
SF
753
Stifel
SF
$12.6B
$1.17M 0.01%
61,875
-8,775
-12% -$171K
SMG icon
754
ScottsMiracle-Gro
SMG
$3.66B
$1.16M 0.01%
17,975
-2,600
-13% -$172K
AHL
755
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.16M 0.01%
24,000
-3,700
-13% -$182K
FICO icon
756
Fair Isaac
FICO
$22.5B
$1.16M 0.01%
12,300
-1,800
-13% -$164K
OSK icon
757
Oshkosh
OSK
$9.59B
$1.16M 0.01%
29,600
-6,000
-17% -$244K
SYNA icon
758
Synaptics
SYNA
$4.15B
$1.15M 0.01%
14,300
-2,200
-13% -$187K
MDRX
759
DELISTED
Veradigm Inc. Common Stock
MDRX
$1.15M 0.01%
74,700
-10,100
-12% -$145K
RAX
760
DELISTED
Rackspace Hosting Inc
RAX
$1.15M 0.01%
45,300
-9,600
-17% -$255K
NATI
761
DELISTED
National Instruments Corp
NATI
$1.14M 0.01%
39,775
-6,500
-14% -$192K
CAA
762
DELISTED
CalAtlantic Group, Inc.
CAA
$1.14M 0.01%
+30,100
New +$1.2M
BIO icon
763
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.14M 0.01%
8,200
-1,200
-13% -$166K
CGNX icon
764
Cognex
CGNX
$11.3B
$1.13M 0.01%
67,000
-12,400
-16% -$221K
EAT icon
765
Brinker International
EAT
$9.66B
$1.13M 0.01%
23,577
-3,900
-14% -$183K
OLN icon
766
Olin
OLN
$2.12B
$1.13M 0.01%
65,311
+30,021
+85% +$578K
KEX icon
767
Kirby Corp
KEX
$6.93B
$1.13M 0.01%
21,400
-3,600
-14% -$223K
SXT icon
768
Sensient Technologies
SXT
$5.53B
$1.12M 0.01%
17,870
-3,000
-14% -$194K
LHO
769
DELISTED
LaSalle Hotel Properties
LHO
$1.12M 0.01%
44,600
-6,900
-13% -$196K
WP
770
DELISTED
Worldpay, Inc.
WP
$1.12M 0.01%
23,600
+18,400
+354% +$907K
WWD icon
771
Woodward
WWD
$21.4B
$1.12M 0.01%
22,500
-3,700
-14% -$175K
ASB icon
772
Associated Banc-Corp
ASB
$5.91B
$1.11M 0.01%
59,389
-9,100
-13% -$177K
TUP
773
DELISTED
Tupperware Brands Corporation
TUP
$1.11M 0.01%
19,887
-2,800
-12% -$158K
PWR icon
774
Quanta Services
PWR
$101B
$1.11M 0.01%
54,622
-19,200
-26% -$413K
ODP
775
DELISTED
ODP
ODP
$1.1M 0.01%
19,530
-2,930
-13% -$195K
29 30
31
32 33

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.