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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
SLAB icon
901
Silicon Laboratories
SLAB
$7.23B
$692K 0.01%
15,400
+100
+0.7% +$4.3K
HNI icon
902
HNI Corp
HNI
$3.59B
$691K 0.01%
17,640
+200
+1% +$6.8K
GNW icon
903
Genworth Financial
GNW
$3.71B
$686K 0.01%
251,462
-125,900
-33% -$319K
TPH
904
DELISTED
Tri Pointe Homes
TPH
$686K 0.01%
58,200
+600
+1% +$6.34K
KLXI
905
DELISTED
KLX Inc.
KLXI
$678K 0.01%
25,025
+238
+1% +$5.82K
ALEX
906
DELISTED
Alexander & Baldwin
ALEX
$672K 0.01%
18,320
+200
+1% +$6.59K
RAMP icon
907
LiveRamp
RAMP
$2.3B
$665K 0.01%
31,000
+200
+0.6% +$3.98K
HSNI
908
DELISTED
HSN, Inc.
HSNI
$664K 0.01%
12,700
– –
VSH icon
909
Vishay Intertechnology
VSH
$5.43B
$661K 0.01%
54,152
+600
+1% +$6.9K
WPX
910
DELISTED
WPX Energy, Inc.
WPX
$654K 0.01%
93,500
+1,000
+1% +$5.1K
DDD icon
911
3D Systems Corp
DDD
$613M
$653K 0.01%
42,200
+500
+1% +$5.16K
WOR icon
912
Worthington Enterprises
WOR
$2.86B
$648K 0.01%
29,485
-162
-0.5% -$3.1K
AAN.A
913
DELISTED
The Aaron's Company Inc Class A
AAN.A
$648K 0.01%
25,800
+300
+1% +$7.54K
OIS icon
914
Oil States International
OIS
$491M
$646K 0.01%
20,500
+400
+2% +$10.8K
TIME
915
DELISTED
Time Inc.
TIME
$646K 0.01%
41,837
-1,600
-4% -$23K
CRS icon
916
Carpenter Technology
CRS
$28.4B
$640K 0.01%
18,700
-700
-4% -$20.6K
DF
917
DELISTED
Dean Foods Company
DF
$633K 0.01%
36,550
+400
+1% +$7.56K
JOY
918
DELISTED
Joy Global Inc
JOY
$628K 0.01%
39,074
+800
+2% +$10.1K
TRMK icon
919
Trustmark
TRMK
$2.75B
$622K ﹤0.01%
27,000
+300
+1% +$6.61K
MSA icon
920
Mine Safety
MSA
$7.49B
$614K ﹤0.01%
12,700
+200
+2% +$8.63K
TGI
921
DELISTED
Triumph Group
TGI
$614K ﹤0.01%
19,500
– –
NYT icon
922
New York Times
NYT
$10.2B
$611K ﹤0.01%
49,000
– –
SVU
923
DELISTED
SUPERVALU Inc.
SVU
$611K ﹤0.01%
15,157
+143
+1% +$5.09K
BID
924
DELISTED
Sotheby's
BID
$589K ﹤0.01%
22,027
-1,500
-6% -$36K
FCN icon
925
FTI Consulting
FCN
$4.18B
$586K ﹤0.01%
16,500
-100
-0.6% -$3.35K
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 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.