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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
FTAI icon
76
FTAI Aviation
FTAI
$22.2B
$34.6M 0.27%
+3,603,077
New +$37.5M
NOC icon
77
Northrop Grumman
NOC
$81.2B
$34.3M 0.26%
181,589
-34,200
-16% -$6.27M
MPC icon
78
Marathon Petroleum
MPC
$83.7B
$33.8M 0.26%
651,986
+458,300
+237% +$24M
MA icon
79
Mastercard
MA
$493B
$33.5M 0.26%
344,100
-21,000
-6% -$2.06M
ABBV icon
80
AbbVie
ABBV
$435B
$33.1M 0.25%
559,163
-39,800
-7% -$2.29M
MMM icon
81
3M
MMM
$94.3B
$33.1M 0.25%
262,584
-24,279
-8% -$3.12M
UPS icon
82
United Parcel Service
UPS
$88.9B
$32.7M 0.25%
340,062
-18,000
-5% -$1.84M
VLO icon
83
Valero Energy
VLO
$85.9B
$32.4M 0.25%
457,960
+278,200
+155% +$19M
CELG
84
DELISTED
Celgene Corp
CELG
$32.2M 0.25%
268,680
-16,800
-6% -$1.94M
LYB icon
85
LyondellBasell Industries
LYB
$19.2B
$31.3M 0.24%
360,032
+225,000
+167% +$20.7M
SBUX icon
86
Starbucks
SBUX
$120B
$30.5M 0.23%
507,864
-28,400
-5% -$1.73M
IJH icon
87
iShares Core S&P Mid-Cap ETF
IJH
$127B
$30.2M 0.23%
1,083,500
-23,500
-2% -$671K
CPRI icon
88
Capri Holdings
CPRI
$1.74B
$29.4M 0.23%
734,000
+37,000
+5% +$1.52M
CA
89
DELISTED
CA, Inc.
CA
$28.9M 0.22%
1,011,624
+168,400
+20% +$4.73M
NKE icon
90
Nike
NKE
$61.9B
$28.8M 0.22%
461,464
-28,800
-6% -$1.86M
LLY icon
91
Eli Lilly
LLY
$1.06T
$28.1M 0.22%
333,802
-18,400
-5% -$1.53M
EMR icon
92
Emerson Electric
EMR
$88.3B
$27.1M 0.21%
567,042
-282,785
-33% -$13.5M
MBLY
93
DELISTED
Mobileye N.V.
MBLY
$26.6M 0.2%
629,000
– –
EFC
94
Ellington Financial
EFC
$1.71B
$26M 0.2%
1,550,000
– –
DUK icon
95
Duke Energy
DUK
$97.3B
$25.8M 0.2%
361,036
-13,200
-4% -$928K
MAN icon
96
ManpowerGroup
MAN
$2.63B
$25.7M 0.2%
305,030
-5,900
-2% -$516K
QCOM icon
97
Qualcomm
QCOM
$176B
$25.7M 0.2%
514,095
-54,500
-10% -$2.91M
WBA
98
DELISTED
Walgreens Boots Alliance
WBA
$25.4M 0.19%
297,917
-17,500
-6% -$1.49M
HRB icon
99
H&R Block
HRB
$5.86B
$24.7M 0.19%
741,822
-19,144
-3% -$680K
MDLZ icon
100
Mondelez International
MDLZ
$79.9B
$24.4M 0.19%
543,508
-38,600
-7% -$1.73M
2 3
4
5 6

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.