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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
ACIW icon
826
ACI Worldwide
ACIW
$5.42B
$989K 0.01%
47,550
+800
+2% +$15.1K
CDP icon
827
COPT Defense Properties
CDP
$4.21B
$989K 0.01%
37,700
+300
+0.8% +$6.95K
THC icon
828
Tenet Healthcare
THC
$21.1B
$982K 0.01%
33,940
-200
-0.6% -$5.2K
CIEN icon
829
Ciena
CIEN
$58.4B
$981K 0.01%
51,600
+1,500
+3% +$27.7K
LPX icon
830
Louisiana-Pacific
LPX
$5.49B
$978K 0.01%
57,099
+600
+1% +$9.48K
MUSA icon
831
Murphy USA
MUSA
$9.61B
$960K 0.01%
15,625
+100
+0.6% +$6.15K
RAX
832
DELISTED
Rackspace Hosting Inc
RAX
$959K 0.01%
44,400
-900
-2% -$18.4K
CMP icon
833
Compass Minerals
CMP
$1.15B
$957K 0.01%
13,500
+200
+2% +$14.3K
CAKE icon
834
Cheesecake Factory
CAKE
$5.33B
$956K 0.01%
17,999
+100
+0.6% +$4.95K
UE icon
835
Urban Edge Properties
UE
$2.73B
$953K 0.01%
36,900
+400
+1% +$9.63K
WEN icon
836
Wendy's
WEN
$1.46B
$951K 0.01%
87,343
+800
+0.9% +$7.93K
X
837
DELISTED
US Steel
X
$937K 0.01%
58,400
+600
+1% +$5.98K
CAB
838
DELISTED
Cabela's Inc
CAB
$935K 0.01%
19,200
-300
-2% -$13.5K
TKR icon
839
Timken Company
TKR
$9.03B
$931K 0.01%
27,800
-700
-2% -$20.3K
FULT icon
840
Fulton Financial
FULT
$4.64B
$927K 0.01%
69,300
+500
+0.7% +$6.37K
LIVN icon
841
LivaNova
LIVN
$4.2B
$918K 0.01%
17,000
+200
+1% +$11.1K
INVX
842
Innovex International
INVX
$1.97B
$914K 0.01%
15,100
-100
-0.7% -$5.57K
FCS
843
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$906K 0.01%
45,300
+500
+1% +$10.1K
NTCT icon
844
NETSCOUT
NTCT
$2.79B
$903K 0.01%
39,300
+100
+0.3% +$2.25K
BIG
845
DELISTED
Big Lots, Inc.
BIG
$897K 0.01%
19,800
+200
+1% +$8.02K
CCP
846
DELISTED
Care Capital Properties, Inc.
CCP
$896K 0.01%
33,400
+300
+0.9% +$8.31K
JACK icon
847
Jack in the Box
JACK
$335M
$881K 0.01%
13,800
-400
-3% -$28.1K
SAIC icon
848
Saic
SAIC
$5.35B
$879K 0.01%
16,485
+100
+0.6% +$4.45K
KBR icon
849
KBR
KBR
$4.8B
$878K 0.01%
56,742
-300
-0.5% -$4.24K
OI icon
850
O-I Glass
OI
$1.08B
$878K 0.01%
55,018
– –
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 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.