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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
TECD
801
DELISTED
Tech Data Corp
TECD
$1.07M 0.01%
13,950
+100
+0.7% +$6.86K
UNIT
802
Uniti Group
UNIT
$2.32B
$1.07M 0.01%
48,040
+400
+0.8% +$7.73K
CVG
803
DELISTED
Convergys
CVG
$1.07M 0.01%
38,500
-100
-0.3% -$2.51K
CXT icon
804
Crane NXT
CXT
$3.07B
$1.06M 0.01%
56,808
+575
+1% +$9.81K
SWN
805
DELISTED
Southwestern Energy Company
SWN
$1.06M 0.01%
131,491
– –
MOH icon
806
Molina Healthcare
MOH
$10.3B
$1.06M 0.01%
16,400
+200
+1% +$11.9K
NVS icon
807
Novartis
NVS
$297B
$1.05M 0.01%
+16,182
New +$1.1M
CTLT
808
DELISTED
CATALENT, INC.
CTLT
$1.05M 0.01%
39,300
+400
+1% +$9.74K
EAT icon
809
Brinker International
EAT
$9.66B
$1.05M 0.01%
22,777
-800
-3% -$38.5K
EQY
810
DELISTED
Equity One
EQY
$1.04M 0.01%
36,200
+7,000
+24% +$192K
NBR icon
811
Nabors Industries
NBR
$1.21B
$1.03M 0.01%
2,247
+6
+0.3% +$2.23K
PTEN icon
812
Patterson-UTI
PTEN
$3.76B
$1.03M 0.01%
58,700
+500
+0.9% +$7.46K
CNX icon
813
CNX Resources
CNX
$5.2B
$1.03M 0.01%
109,680
+15,670
+17% +$114K
BDC icon
814
Belden
BDC
$5.19B
$1.03M 0.01%
16,800
+200
+1% +$9.87K
CLH icon
815
Clean Harbors
CLH
$16.3B
$1.03M 0.01%
20,900
+200
+1% +$8.76K
AVNT icon
816
Avient
AVNT
$4.19B
$1.03M 0.01%
34,000
-100
-0.3% -$2.75K
CAA
817
DELISTED
CalAtlantic Group, Inc.
CAA
$1.02M 0.01%
30,500
+400
+1% +$12.5K
ROL icon
818
Rollins
ROL
$18.2B
$1.02M 0.01%
84,463
+900
+1% +$10.7K
UFS
819
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.01M 0.01%
25,000
+200
+0.8% +$6.84K
ACH
820
Accendra Health
ACH
$214M
$1.01M 0.01%
25,000
+100
+0.4% +$3.72K
FR icon
821
First Industrial Realty Trust
FR
$8.44B
$1M 0.01%
+44,100
New +$930K
MDRX
822
DELISTED
Veradigm Inc. Common Stock
MDRX
$999K 0.01%
75,600
+900
+1% +$11.8K
ENR icon
823
Energizer
ENR
$1.55B
$998K 0.01%
24,644
– –
LNCE
824
DELISTED
Snyders-Lance, Inc.
LNCE
$995K 0.01%
+31,600
New +$1.01M
URBN icon
825
Urban Outfitters
URBN
$6.59B
$990K 0.01%
29,919
+200
+0.7% +$5.29K
31 32
33
34 35

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.