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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
ATW
951
DELISTED
Atwood Oceanics
ATW
$233K ﹤0.01%
22,800
-3,800
-14% -$58.1K
CPAY icon
952
Corpay
CPAY
$25.7B
$229K ﹤0.01%
+1,600
New +$235K
TR icon
953
Tootsie Roll Industries
TR
$2.98B
$220K ﹤0.01%
9,641
-1,800
-16% -$41.4K
TLN
954
DELISTED
Talen Energy Corporation
TLN
$157K ﹤0.01%
25,202
-5,300
-17% -$43.7K
ETSY icon
955
Etsy
ETSY
$7.85B
$86K ﹤0.01%
+10,387
New +$105K
CB icon
956
Chubb
CB
$135B
– –
-146,973
Closed -$15.2M
HLX icon
957
Helix Energy Solutions
HLX
$1.41B
– –
-44,900
Closed -$215K
KYN icon
958
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
– –
-312,435
Closed -$7.24M
NVS icon
959
Novartis
NVS
$297B
– –
-16,517
Closed -$1.36M
PBPB
960
DELISTED
Potbelly
PBPB
– –
-10,052
Closed -$111K
WPP icon
961
WPP
WPP
$5.94B
– –
-19,000
Closed -$1.98M
TWOU
962
DELISTED
2U Inc
TWOU
– –
-500
Closed -$539K
TIVO
963
DELISTED
Tivo Inc
TIVO
– –
-39,650
Closed -$416K
ZAYO
964
DELISTED
Zayo Group Holdings, Inc.
ZAYO
– –
-50,442
Closed -$1.28M
P
965
DELISTED
Pandora Media Inc
P
– –
-30,000
Closed -$640K
ALTR
966
DELISTED
Altera Corp
ALTR
– –
-109,172
Closed -$5.47M
HUB.B
967
DELISTED
HUBBELL INC CL-B
HUB.B
– –
-23,214
Closed -$1.97M
CYT
968
DELISTED
CYTEC INDS INC
CYT
– –
-32,500
Closed -$2.4M
SIAL
969
DELISTED
SIGMA - ALDRICH CORP
SIAL
– –
-43,095
Closed -$5.99M
CYN
970
DELISTED
CITY NATIONAL CORPORATION
CYN
– –
-22,159
Closed -$1.95M
CNW
971
DELISTED
CON-WAY INC.
CNW
– –
-26,050
Closed -$1.24M
HCBK
972
DELISTED
HUDSON CITY BANCORP INC
HCBK
– –
-173,922
Closed -$1.77M
HCC
973
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
– –
-43,500
Closed -$3.37M
THOR
974
DELISTED
THORATEC CORPORATION
THOR
– –
-24,900
Closed -$1.57M
HME
975
DELISTED
HOME PROPERTIES, INC
HME
– –
-26,500
Closed -$1.98M
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.