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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
NSR
926
DELISTED
Neustar Inc
NSR
$502K ﹤0.01%
20,960
-3,900
-16% -$101K
ATI icon
927
ATI
ATI
$31B
$486K ﹤0.01%
43,200
-158,200
-79% -$2.18M
PCH
928
DELISTED
PotlatchDeltic
PCH
$485K ﹤0.01%
16,041
-2,500
-13% -$78.2K
JOY
929
DELISTED
Joy Global Inc
JOY
$483K ﹤0.01%
38,274
+3,100
+9% +$46.9K
GES
930
DELISTED
Guess Inc
GES
$476K ﹤0.01%
25,200
-4,500
-15% -$92.5K
GEVO icon
931
Gevo
GEVO
$382M
$476K ﹤0.01%
1,920
+425
+28% +$254K
KN icon
932
Knowles
KN
$3.34B
$467K ﹤0.01%
35,011
-5,300
-13% -$90.4K
DO
933
DELISTED
Diamond Offshore Drilling
DO
$465K ﹤0.01%
22,020
-1,300
-6% -$27.4K
PLUG icon
934
Plug Power
PLUG
$3.04B
$464K ﹤0.01%
220,000
+100,000
+83% +$220K
X
935
DELISTED
US Steel
X
$461K ﹤0.01%
57,800
-8,800
-13% -$86.5K
NGVC icon
936
Vitamin Cottage Natural Grocers
NGVC
$654M
$448K ﹤0.01%
22,000
-13,000
-37% -$289K
KBH icon
937
KB Home
KBH
$3.59B
$441K ﹤0.01%
35,800
-5,600
-14% -$75.4K
DCM
938
DELISTED
NTT DOCOMO, Inc.
DCM
$420K ﹤0.01%
20,500
– –
WERN icon
939
Werner Enterprises
WERN
$2.25B
$411K ﹤0.01%
17,575
-2,700
-13% -$70K
MDC
940
DELISTED
M.D.C. Holdings, Inc.
MDC
$396K ﹤0.01%
21,527
-3,194
-13% -$60.5K
CC icon
941
Chemours
CC
$2.37B
$381K ﹤0.01%
71,000
-11,300
-14% -$72.2K
DDD icon
942
3D Systems Corp
DDD
$613M
$362K ﹤0.01%
41,700
-6,600
-14% -$68.1K
ISCA
943
DELISTED
International Speedway Corp
ISCA
$356K ﹤0.01%
10,550
-1,700
-14% -$59.1K
GEF icon
944
Greif
GEF
$5.04B
$314K ﹤0.01%
10,200
-2,100
-17% -$69.5K
CLF icon
945
Cleveland-Cliffs
CLF
$6.99B
$313K ﹤0.01%
198,400
– –
UPBD icon
946
Upbound Group
UPBD
$1.16B
$311K ﹤0.01%
20,800
-3,400
-14% -$64.9K
CRC
947
DELISTED
California Resources Corporation
CRC
$283K ﹤0.01%
12,130
-1,940
-14% -$69.9K
DNR
948
DELISTED
Denbury Resources, Inc.
DNR
$280K ﹤0.01%
138,792
-23,100
-14% -$74.4K
DATA
949
DELISTED
Tableau Software, Inc.
DATA
$271K ﹤0.01%
+2,877
New +$258K
WTW icon
950
Willis Towers Watson
WTW
$32B
$243K ﹤0.01%
+1,888
New +$224K
36 37
38
39 40

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.