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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
WNR
876
DELISTED
Western Refining Inc
WNR
$783K 0.01%
26,900
-500
-2% -$15.1K
IDCC icon
877
InterDigital
IDCC
$8.89B
$779K 0.01%
14,000
– –
DECK icon
878
Deckers Outdoor
DECK
$13.3B
$773K 0.01%
77,400
+600
+0.8% +$5.19K
WDR
879
DELISTED
Waddell & Reed Financial, Inc.
WDR
$767K 0.01%
32,600
-200
-0.6% -$4.86K
DNOW icon
880
DNOW Inc
DNOW
$2.99B
$759K 0.01%
42,827
+400
+0.9% +$6.15K
ESL
881
DELISTED
Esterline Technologies
ESL
$756K 0.01%
11,800
+100
+0.9% +$6.58K
GVA icon
882
Granite Construction
GVA
$5.62B
$753K 0.01%
15,745
+200
+1% +$8.14K
DBD
883
DELISTED
Diebold Nixdorf Incorporated
DBD
$753K 0.01%
26,030
+300
+1% +$7.84K
AKRX
884
DELISTED
Akorn Inc
AKRX
$753K 0.01%
32,000
+300
+0.9% +$7.89K
ASNA
885
DELISTED
Ascena Retail Group, Inc.
ASNA
$753K 0.01%
3,405
-5
-0.1% -$882
MLKN icon
886
MillerKnoll
MLKN
$1.67B
$739K 0.01%
23,930
+300
+1% +$7.97K
FOSL icon
887
Fossil Group
FOSL
$318M
$733K 0.01%
16,500
+2,320
+16% +$91.5K
AMD icon
888
Advanced Micro Devices
AMD
$789B
$731K 0.01%
256,400
+3,300
+1% +$7.5K
CHK
889
DELISTED
Chesapeake Energy Corporation
CHK
$729K 0.01%
885
– –
CVLT icon
890
Commault Systems
CVLT
$5.61B
$725K 0.01%
16,800
+100
+0.6% +$3.7K
CADE
891
DELISTED
Cadence Bank
CADE
$720K 0.01%
33,800
+400
+1% +$8.31K
MDP
892
DELISTED
Meredith Corporation
MDP
$717K 0.01%
15,100
+200
+1% +$8.49K
KMT icon
893
Kennametal
KMT
$2.52B
$714K 0.01%
31,760
+300
+1% +$5.83K
DWA
894
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$711K 0.01%
28,500
+400
+1% +$9.84K
ATI icon
895
ATI
ATI
$31B
$709K 0.01%
43,500
+300
+0.7% +$3.65K
HWC icon
896
Hancock Whitney
HWC
$6.24B
$709K 0.01%
30,900
+300
+1% +$7.06K
CHS
897
DELISTED
Chicos FAS, Inc.
CHS
$709K 0.01%
53,400
-1,700
-3% -$19.2K
ISIL
898
DELISTED
Intersil Corp
ISIL
$709K 0.01%
53,000
+600
+1% +$7.5K
SAM icon
899
Boston Beer
SAM
$1.92B
$703K 0.01%
3,800
– –
WPG
900
DELISTED
Washington Prime Group Inc.
WPG
$702K 0.01%
8,213
+77
+0.9% +$6.26K
34 35
36
37 38

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.