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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
TR icon
951
Tootsie Roll Industries
TR
$2.98B
$251K ﹤0.01%
9,641
– –
TLN
952
DELISTED
Talen Energy Corporation
TLN
$227K ﹤0.01%
25,202
– –
ATHN
953
DELISTED
Athenahealth, Inc.
ATHN
$222K ﹤0.01%
+1,600
New +$219K
GEVO icon
954
Gevo
GEVO
$382M
$207K ﹤0.01%
1,920
– –
CLF icon
955
Cleveland-Cliffs
CLF
$6.99B
$179K ﹤0.01%
59,800
-138,600
-70% -$290K
ARO
956
DELISTED
Aeropostale Inc
ARO
$76K ﹤0.01%
381,742
-2,163,758
-85% -$573K
SUNE
957
DELISTED
SUNEDISON, INC COM
SUNE
$68K ﹤0.01%
125,200
– –
CRC
958
DELISTED
California Resources Corporation
CRC
$25K ﹤0.01%
2,446
-9,684
-80% -$114K
CALM icon
959
Cal-Maine
CALM
$3.99B
– –
-440,000
Closed -$20.4M
CC icon
960
Chemours
CC
$2.37B
– –
-71,000
Closed -$381K
ETSY icon
961
Etsy
ETSY
$7.85B
– –
-10,387
Closed -$86K
GRC icon
962
Gorman-Rupp
GRC
$2.21B
– –
-55,000
Closed -$1.47M
PLUG icon
963
Plug Power
PLUG
$3.04B
– –
-220,000
Closed -$464K
QQQ icon
964
Invesco QQQ Trust
QQQ
$484B
– –
-35,000
Closed -$3.92M
UPBD icon
965
Upbound Group
UPBD
$1.16B
– –
-20,800
Closed -$311K
LOGM
966
DELISTED
LogMein, Inc.
LOGM
– –
-12,000
Closed -$805K
DATA
967
DELISTED
Tableau Software, Inc.
DATA
– –
-2,877
Closed -$271K
ATW
968
DELISTED
Atwood Oceanics
ATW
– –
-22,800
Closed -$233K
MBLY
969
DELISTED
Mobileye N.V.
MBLY
– –
-629,000
Closed -$26.6M
HNT
970
DELISTED
HEALTH NET INC
HNT
– –
-30,568
Closed -$2.09M
SFG
971
DELISTED
STANCORP FINL GRP
SFG
– –
-16,700
Closed -$1.9M
GMCR
972
DELISTED
KEURIG GREEN MTN INC
GMCR
– –
-39,700
Closed -$3.57M
SLH
973
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
– –
-26,600
Closed -$1.46M
SIRO
974
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
– –
-22,100
Closed -$2.42M
PCL
975
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
– –
-59,381
Closed -$2.83M
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 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.