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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
GME icon
776
GameStop
GME
$8.6B
$1.14M 0.01%
144,008
-400
-0.3% -$2.88K
LHO
777
DELISTED
LaSalle Hotel Properties
LHO
$1.14M 0.01%
45,100
+500
+1% +$11.9K
SXT icon
778
Sensient Technologies
SXT
$5.53B
$1.14M 0.01%
17,970
+100
+0.6% +$5.88K
ZD icon
779
Ziff Davis
ZD
$1.98B
$1.14M 0.01%
21,275
+345
+2% +$20.9K
HRC
780
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.14M 0.01%
22,650
+200
+0.9% +$9.44K
BIO icon
781
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.14M 0.01%
8,300
+100
+1% +$13.1K
TDS icon
782
Telephone and Data Systems
TDS
$3.75B
$1.14M 0.01%
37,736
+400
+1% +$10.1K
VMI icon
783
Valmont Industries
VMI
$9.53B
$1.13M 0.01%
9,100
– –
CLC
784
DELISTED
Clarcor
CLC
$1.13M 0.01%
19,500
-200
-1% -$9.86K
RRX icon
785
Regal Rexnord
RRX
$11.9B
$1.12M 0.01%
17,800
+100
+0.6% +$5.6K
TRN icon
786
Trinity Industries
TRN
$2.38B
$1.12M 0.01%
84,721
+834
+1% +$11.7K
BWLD
787
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$1.11M 0.01%
7,500
– –
AEO icon
788
American Eagle Outfitters
AEO
$3.01B
$1.11M 0.01%
66,375
-4,400
-6% -$66.2K
IDTI
789
DELISTED
Integrated Device Technology I
IDTI
$1.1M 0.01%
54,020
-4,000
-7% -$84.1K
LSTR icon
790
Landstar System
LSTR
$6.21B
$1.09M 0.01%
16,900
-200
-1% -$12K
FHI icon
791
Federated Hermes
FHI
$4.72B
$1.09M 0.01%
37,700
+200
+0.5% +$5.26K
FNB icon
792
FNB Corp
FNB
$6.75B
$1.09M 0.01%
+83,600
New +$1.04M
CY
793
DELISTED
Cypress Semiconductor
CY
$1.09M 0.01%
125,500
-6,500
-5% -$52.5K
SLM icon
794
SLM Corp
SLM
$5.15B
$1.08M 0.01%
170,125
+1,700
+1% +$10.3K
RIG icon
795
Transocean
RIG
$5.82B
$1.08M 0.01%
117,800
+900
+0.8% +$8.95K
TEX icon
796
Terex
TEX
$7.74B
$1.08M 0.01%
43,300
+400
+0.9% +$8.37K
QEP
797
DELISTED
QEP RESOURCES, INC.
QEP
$1.07M 0.01%
76,200
+12,600
+20% +$146K
SNX icon
798
TD Synnex
SNX
$20.2B
$1.07M 0.01%
23,200
+400
+2% +$17.9K
ASB icon
799
Associated Banc-Corp
ASB
$5.91B
$1.07M 0.01%
59,789
+400
+0.7% +$7K
TXNM
800
TXNM Energy Inc
TXNM
$5.94B
$1.07M 0.01%
31,834
+300
+1% +$9.59K
30 31
32
33 34

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.