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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
SUNE
901
DELISTED
SUNEDISON, INC COM
SUNE
$637K ﹤0.01%
125,200
-16,700
-12% -$102K
MTX icon
902
Minerals Technologies
MTX
$2.34B
$632K ﹤0.01%
13,780
-2,000
-13% -$112K
POLY
903
DELISTED
Plantronics, Inc.
POLY
$631K ﹤0.01%
13,300
-2,800
-17% -$145K
CMC icon
904
Commercial Metals
CMC
$8.31B
$630K ﹤0.01%
46,000
-6,700
-13% -$99.6K
HNI icon
905
HNI Corp
HNI
$3.59B
$629K ﹤0.01%
17,440
-2,800
-14% -$119K
DF
906
DELISTED
Dean Foods Company
DF
$620K ﹤0.01%
36,150
-6,800
-16% -$122K
CNX icon
907
CNX Resources
CNX
$5.2B
$619K ﹤0.01%
94,010
-5,160
-5% -$36.5K
AVNS
908
DELISTED
Avanos Medical
AVNS
$615K ﹤0.01%
18,420
-2,800
-13% -$87.1K
TRMK icon
909
Trustmark
TRMK
$2.75B
$615K ﹤0.01%
26,700
-4,100
-13% -$99.2K
BID
910
DELISTED
Sotheby's
BID
$606K ﹤0.01%
23,527
-4,500
-16% -$136K
DECK icon
911
Deckers Outdoor
DECK
$13.3B
$604K ﹤0.01%
76,800
-12,600
-14% -$112K
KMT icon
912
Kennametal
KMT
$2.52B
$604K ﹤0.01%
31,460
-4,700
-13% -$121K
CHS
913
DELISTED
Chicos FAS, Inc.
CHS
$588K ﹤0.01%
55,100
-8,500
-13% -$110K
CRS icon
914
Carpenter Technology
CRS
$28.4B
$587K ﹤0.01%
19,400
-3,200
-14% -$106K
FCN icon
915
FTI Consulting
FCN
$4.18B
$575K ﹤0.01%
16,600
-2,500
-13% -$96K
CVSA
916
Covista Inc
CVSA
$4.8B
$572K ﹤0.01%
22,600
-3,400
-13% -$85.2K
AAN.A
917
DELISTED
The Aaron's Company Inc Class A
AAN.A
$571K ﹤0.01%
25,500
-3,800
-13% -$85.1K
IBOC icon
918
International Bancshares
IBOC
$4.57B
$565K ﹤0.01%
22,000
-3,500
-14% -$96K
WOR icon
919
Worthington Enterprises
WOR
$2.86B
$551K ﹤0.01%
29,647
-5,353
-15% -$99K
OIS icon
920
Oil States International
OIS
$491M
$548K ﹤0.01%
20,100
-3,200
-14% -$95.2K
MSA icon
921
Mine Safety
MSA
$7.49B
$543K ﹤0.01%
12,500
-1,900
-13% -$83.3K
WPX
922
DELISTED
WPX Energy, Inc.
WPX
$531K ﹤0.01%
92,500
-12,400
-12% -$92.2K
SM icon
923
SM Energy
SM
$6.87B
$529K ﹤0.01%
26,900
-4,000
-13% -$122K
FOSL icon
924
Fossil Group
FOSL
$318M
$518K ﹤0.01%
14,180
-800
-5% -$36.5K
NWS icon
925
News Corp Class B
NWS
$17.5B
$515K ﹤0.01%
36,900
+300
+0.8% +$4.3K
35 36
37
38 39

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.