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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
TKR icon
851
Timken Company
TKR
$9.03B
$815K 0.01%
28,500
-5,000
-15% -$151K
JNS
852
DELISTED
Janus Capital Group Inc
JNS
$813K 0.01%
57,700
-9,400
-14% -$140K
LOGM
853
DELISTED
LogMein, Inc.
LOGM
$805K 0.01%
12,000
– –
JCP
854
DELISTED
J.C. Penney Company, Inc.
JCP
$804K 0.01%
120,740
-18,300
-13% -$153K
CEB
855
DELISTED
CEB Inc.
CEB
$804K 0.01%
13,100
-2,200
-14% -$156K
SPN
856
DELISTED
Superior Energy Services, Inc.
SPN
$803K 0.01%
5,960
-890
-13% -$132K
CADE
857
DELISTED
Cadence Bank
CADE
$801K 0.01%
33,400
-6,200
-16% -$155K
CHK
858
DELISTED
Chesapeake Energy Corporation
CHK
$797K 0.01%
885
-49
-5% -$60.9K
TEX icon
859
Terex
TEX
$7.74B
$793K 0.01%
42,900
-6,300
-13% -$125K
EQY
860
DELISTED
Equity One
EQY
$793K 0.01%
29,200
-4,900
-14% -$129K
LXK
861
DELISTED
Lexmark Intl Inc
LXK
$792K 0.01%
24,400
-3,600
-13% -$118K
BDC icon
862
Belden
BDC
$5.19B
$791K 0.01%
16,600
-2,800
-14% -$154K
CABO icon
863
Cable One
CABO
$212M
$781K 0.01%
1,800
-200
-10% -$88.4K
UNFI icon
864
United Natural Foods
UNFI
$2.85B
$779K 0.01%
19,800
-3,000
-13% -$140K
WPG
865
DELISTED
Washington Prime Group Inc.
WPG
$777K 0.01%
8,136
-1,244
-13% -$126K
TGI
866
DELISTED
Triumph Group
TGI
$775K 0.01%
19,500
-2,800
-13% -$113K
DBD
867
DELISTED
Diebold Nixdorf Incorporated
DBD
$774K 0.01%
25,730
-3,900
-13% -$132K
HWC icon
868
Hancock Whitney
HWC
$6.24B
$770K 0.01%
30,600
-4,900
-14% -$134K
SAM icon
869
Boston Beer
SAM
$1.92B
$767K 0.01%
3,800
-600
-14% -$132K
BIG
870
DELISTED
Big Lots, Inc.
BIG
$755K 0.01%
19,600
-4,200
-18% -$187K
SAIC icon
871
Saic
SAIC
$5.35B
$750K 0.01%
16,385
-2,400
-13% -$110K
SLAB icon
872
Silicon Laboratories
SLAB
$7.23B
$743K 0.01%
15,300
-2,900
-16% -$143K
TPH
873
DELISTED
Tri Pointe Homes
TPH
$730K 0.01%
57,600
-8,700
-13% -$117K
MENT
874
DELISTED
Mentor Graphics Corp
MENT
$727K 0.01%
39,460
-5,900
-13% -$135K
AMD icon
875
Advanced Micro Devices
AMD
$789B
$726K 0.01%
253,100
-34,100
-12% -$76.3K
33 34
35
36 37

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.