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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
FCS
826
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$928K 0.01%
44,800
-7,800
-15% -$141K
TECD
827
DELISTED
Tech Data Corp
TECD
$919K 0.01%
13,850
-2,300
-14% -$164K
UFS
828
DELISTED
DOMTAR CORPORATION (New)
UFS
$916K 0.01%
24,800
-4,000
-14% -$158K
CAB
829
DELISTED
Cabela's Inc
CAB
$911K 0.01%
19,500
-3,200
-14% -$141K
PRI icon
830
Primerica
PRI
$9.89B
$902K 0.01%
19,100
-3,600
-16% -$176K
INVX
831
Innovex International
INVX
$1.97B
$900K 0.01%
15,200
-2,400
-14% -$149K
KATE
832
DELISTED
Kate Spade & Company
KATE
$897K 0.01%
50,500
-7,700
-13% -$150K
ACH
833
Accendra Health
ACH
$214M
$896K 0.01%
24,900
-3,800
-13% -$137K
FULT icon
834
Fulton Financial
FULT
$4.64B
$895K 0.01%
68,800
-10,900
-14% -$146K
MZTI
835
The Marzetti Company
MZTI
$3.11B
$891K 0.01%
7,720
-1,100
-12% -$120K
UNIT
836
Uniti Group
UNIT
$2.32B
$890K 0.01%
47,640
-7,200
-13% -$139K
PTEN icon
837
Patterson-UTI
PTEN
$3.76B
$878K 0.01%
58,200
-8,900
-13% -$137K
WAFD icon
838
WaFd
WAFD
$2.75B
$877K 0.01%
36,823
-6,100
-14% -$150K
GHC icon
839
Graham Holdings Company
GHC
$5.02B
$873K 0.01%
1,800
-300
-14% -$163K
VLY icon
840
Valley National Bancorp
VLY
$8.04B
$870K 0.01%
88,314
-16,900
-16% -$176K
CLH icon
841
Clean Harbors
CLH
$16.3B
$862K 0.01%
20,700
-3,500
-14% -$152K
SLGN icon
842
Silgan Holdings
SLGN
$4.41B
$861K 0.01%
32,062
-4,800
-13% -$127K
UE icon
843
Urban Edge Properties
UE
$2.73B
$856K 0.01%
36,500
-5,500
-13% -$128K
QEP
844
DELISTED
QEP RESOURCES, INC.
QEP
$852K 0.01%
63,600
-16,100
-20% -$235K
ENR icon
845
Energizer
ENR
$1.55B
$839K 0.01%
24,644
-3,700
-13% -$141K
RDC
846
DELISTED
Rowan Companies Plc
RDC
$836K 0.01%
49,300
-7,500
-13% -$144K
DAN icon
847
Dana Inc
DAN
$3.06B
$835K 0.01%
60,500
-12,600
-17% -$199K
CAKE icon
848
Cheesecake Factory
CAKE
$5.33B
$825K 0.01%
17,899
-2,700
-13% -$132K
VRE
849
DELISTED
Veris Residential
VRE
$824K 0.01%
35,300
-5,000
-12% -$112K
CDP icon
850
COPT Defense Properties
CDP
$4.21B
$816K 0.01%
37,400
-5,700
-13% -$126K
32 33
34
35 36

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.