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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
SLGN icon
851
Silgan Holdings
SLGN
$4.41B
$858K 0.01%
32,262
+200
+0.6% +$5.19K
JNS
852
DELISTED
Janus Capital Group Inc
JNS
$857K 0.01%
58,600
+900
+2% +$11.7K
PRI icon
853
Primerica
PRI
$9.89B
$855K 0.01%
19,200
+100
+0.5% +$4.32K
MZTI
854
The Marzetti Company
MZTI
$3.11B
$854K 0.01%
7,720
– –
VLY icon
855
Valley National Bancorp
VLY
$8.04B
$851K 0.01%
89,214
+900
+1% +$8.18K
VRE
856
DELISTED
Veris Residential
VRE
$841K 0.01%
35,800
+500
+1% +$10.4K
CEB
857
DELISTED
CEB Inc.
CEB
$841K 0.01%
13,000
-100
-0.8% -$5.72K
DAN icon
858
Dana Inc
DAN
$3.06B
$840K 0.01%
59,600
-900
-1% -$11.2K
CATY icon
859
Cathay General Bancorp
CATY
$4.24B
$836K 0.01%
29,500
-300
-1% -$8.31K
AVP
860
DELISTED
Avon Products, Inc.
AVP
$836K 0.01%
173,755
+1,600
+0.9% +$5.71K
TCF
861
DELISTED
TCF Financial Corporation
TCF
$834K 0.01%
68,060
+1,000
+1% +$12K
CYH icon
862
Community Health Systems
CYH
$423M
$833K 0.01%
54,443
-2,057
-4% -$31.4K
WAFD icon
863
WaFd
WAFD
$2.75B
$827K 0.01%
36,523
-300
-0.8% -$6.5K
LXK
864
DELISTED
Lexmark Intl Inc
LXK
$826K 0.01%
24,700
+300
+1% +$8.86K
SF
865
Stifel
SF
$12.6B
$820K 0.01%
62,325
+450
+0.7% +$6.39K
GHC icon
866
Graham Holdings Company
GHC
$5.02B
$816K 0.01%
1,700
-100
-6% -$47.6K
UNFI icon
867
United Natural Foods
UNFI
$2.85B
$810K 0.01%
20,100
+300
+2% +$11.1K
MENT
868
DELISTED
Mentor Graphics Corp
MENT
$810K 0.01%
39,860
+400
+1% +$7.3K
SPN
869
DELISTED
Superior Energy Services, Inc.
SPN
$809K 0.01%
6,040
+80
+1% +$8.71K
MCY icon
870
Mercury Insurance
MCY
$6.07B
$805K 0.01%
14,500
+100
+0.7% +$4.98K
RDC
871
DELISTED
Rowan Companies Plc
RDC
$802K 0.01%
49,800
+500
+1% +$6.92K
GATX icon
872
GATX Corp
GATX
$6.27B
$798K 0.01%
16,790
– –
MTX icon
873
Minerals Technologies
MTX
$2.34B
$789K 0.01%
13,880
+100
+0.7% +$4.67K
CABO icon
874
Cable One
CABO
$212M
$787K 0.01%
1,800
– –
CMC icon
875
Commercial Metals
CMC
$8.31B
$787K 0.01%
46,400
+400
+0.9% +$5.86K
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 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.