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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
(-3.5%)
Cap. Flow
-$412M
Cap. Flow
% of AUM
-3.27%
Top 10 Holdings %
Top 10 Hldgs %
26.08%
Holding
982
New
27
Increased
575
Reduced
266
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$255M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$137M |
| 3 |
Willis Towers Watson
WTW
|
+$97.6M |
| 4 |
Visa
V
|
+$74.4M |
| 5 |
Salesforce
CRM
|
+$48.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Bancorp
USB
|
+$129M |
| 2 |
Aflac
AFL
|
+$112M |
| 3 |
Exelon
EXC
|
+$110M |
| 4 |
Walmart Inc
WMT
|
+$81.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
PLCM
926
DELISTED
POLYCOM INC
PLCM
| $583K | ﹤0.01% |
52,322
| – | – |
|
927
Kemper
KMPR
$1.68B
| $569K | ﹤0.01% |
19,250
+200
| +1% | +$6K |
|
928
Comscore
SCOR
$109M
| $565K | ﹤0.01% |
+940
| New | +$680K |
|
929
International Bancshares
IBOC
$4.57B
| $545K | ﹤0.01% |
22,100
+100
| +0.5% | +$2.34K |
|
|
AVNS
930
DELISTED
Avanos Medical
AVNS
| $529K | ﹤0.01% |
18,420
| – | – |
|
|
POLY
931
DELISTED
Plantronics, Inc.
POLY
| $521K | ﹤0.01% |
13,300
| – | – |
|
932
WisdomTree
WT
$3.22B
| $517K | ﹤0.01% |
45,200
-200
| -0.4% | -$2.4K |
|
|
NSR
933
DELISTED
Neustar Inc
NSR
| $516K | ﹤0.01% |
20,960
| – | – |
|
|
PCH
934
DELISTED
PotlatchDeltic
PCH
| $505K | ﹤0.01% |
16,041
| – | – |
|
935
SM Energy
SM
$6.87B
| $504K | ﹤0.01% |
26,900
| – | – |
|
936
Corpay
CPAY
$25.7B
| $491K | ﹤0.01% |
3,300
+1,700
| +106% | +$221K |
|
937
News Corp Class B
NWS
$17.5B
| $489K | ﹤0.01% |
36,900
| – | – |
|
938
Werner Enterprises
WERN
$2.25B
| $485K | ﹤0.01% |
17,875
+300
| +2% | +$7.61K |
|
939
KB Home
KBH
$3.59B
| $483K | ﹤0.01% |
33,800
-2,000
| -6% | -$23.3K |
|
|
DO
940
DELISTED
Diamond Offshore Drilling
DO
| $478K | ﹤0.01% |
22,020
| – | – |
|
|
GES
941
DELISTED
Guess Inc
GES
| $477K | ﹤0.01% |
25,400
+200
| +0.8% | +$3.85K |
|
942
Vitamin Cottage Natural Grocers
NGVC
$654M
| $468K | ﹤0.01% |
22,000
| – | – |
|
|
DCM
943
DELISTED
NTT DOCOMO, Inc.
DCM
| $467K | ﹤0.01% |
20,500
| – | – |
|
944
Knowles
KN
$3.34B
| $461K | ﹤0.01% |
35,011
| – | – |
|
|
ISCA
945
DELISTED
International Speedway Corp
ISCA
| $393K | ﹤0.01% |
10,650
+100
| +0.9% | +$3.41K |
|
|
CVSA
946
Covista Inc
CVSA
$4.8B
| $390K | ﹤0.01% |
22,600
| – | – |
|
|
MDC
947
DELISTED
M.D.C. Holdings, Inc.
MDC
| $388K | ﹤0.01% |
21,527
| – | – |
|
948
Greif
GEF
$5.04B
| $334K | ﹤0.01% |
10,200
| – | – |
|
|
DNR
949
DELISTED
Denbury Resources, Inc.
DNR
| $308K | ﹤0.01% |
138,792
| – | – |
|
950
Shopify
SHOP
$195B
| $268K | ﹤0.01% |
+95,040
| New | +$225K |
|
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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.