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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
BKH icon
751
Black Hills Corp
BKH
$5.69B
$1.23M 0.01%
20,390
+200
+1% +$10.7K
PVTB
752
DELISTED
PrivateBancorp Inc
PVTB
$1.22M 0.01%
+31,700
New +$1.16M
DLX icon
753
Deluxe
DLX
$1.15B
$1.22M 0.01%
19,562
+100
+0.5% +$5.57K
CLGX
754
DELISTED
Corelogic, Inc.
CLGX
$1.22M 0.01%
35,200
+300
+0.9% +$10.2K
TDY icon
755
Teledyne Technologies
TDY
$32B
$1.22M 0.01%
13,800
-200
-1% -$16.6K
PB icon
756
Prosperity Bancshares
PB
$8.89B
$1.22M 0.01%
26,200
+200
+0.8% +$8.45K
NATI
757
DELISTED
National Instruments Corp
NATI
$1.21M 0.01%
40,275
+500
+1% +$14.3K
RYN icon
758
Rayonier
RYN
$6.55B
$1.21M 0.01%
54,019
+110
+0.2% +$2.14K
CBT icon
759
Cabot Corp
CBT
$4.52B
$1.2M 0.01%
24,880
+100
+0.4% +$4.3K
TDC icon
760
Teradata
TDC
$2.55B
$1.2M 0.01%
45,812
+300
+0.7% +$7.42K
CFR icon
761
Cullen/Frost Bankers
CFR
$10.2B
$1.2M 0.01%
21,800
+100
+0.5% +$5.18K
OSK icon
762
Oshkosh
OSK
$9.59B
$1.19M 0.01%
29,200
-400
-1% -$14.1K
AN icon
763
AutoNation
AN
$6.92B
$1.19M 0.01%
25,521
-600
-2% -$29.1K
LPNT
764
DELISTED
LifePoint Health, Inc.
LPNT
$1.19M 0.01%
17,200
– –
ESV
765
DELISTED
Ensco Rowan plc
ESV
$1.19M 0.01%
28,675
+3,280
+13% +$134K
R icon
766
Ryder
R
$10.1B
$1.19M 0.01%
18,291
– –
BOH icon
767
Bank of Hawaii
BOH
$3.13B
$1.17M 0.01%
17,190
+100
+0.6% +$6.29K
WOLF icon
768
Wolfspeed
WOLF
$1.71B
$1.17M 0.01%
40,300
-400
-1% -$11.5K
TUP
769
DELISTED
Tupperware Brands Corporation
TUP
$1.17M 0.01%
20,187
+300
+2% +$15.5K
SYNA icon
770
Synaptics
SYNA
$4.15B
$1.16M 0.01%
14,600
+300
+2% +$22.8K
THO icon
771
Thor Industries
THO
$4.14B
$1.16M 0.01%
18,200
+100
+0.6% +$5.48K
AHL
772
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.16M 0.01%
24,300
+300
+1% +$13.7K
CST
773
DELISTED
CST Brands, Inc.
CST
$1.16M 0.01%
30,184
+300
+1% +$11K
WWD icon
774
Woodward
WWD
$21.4B
$1.16M 0.01%
22,200
-300
-1% -$14.3K
OLN icon
775
Olin
OLN
$2.12B
$1.15M 0.01%
65,911
+600
+0.9% +$9.28K
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 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.