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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
COST icon
101
Costco
COST
$420B
$24.2M 0.19%
149,608
-9,100
-6% -$1.44M
LOW icon
102
Lowe's Companies
LOW
$125B
$24M 0.18%
316,095
-18,200
-5% -$1.35M
ABT icon
103
Abbott
ABT
$187B
$23.9M 0.18%
532,988
-27,800
-5% -$1.23M
RAI
104
DELISTED
Reynolds American Inc
RAI
$23.5M 0.18%
508,786
+209,400
+70% +$9.69M
BIIB icon
105
Biogen
BIIB
$30.7B
$23.3M 0.18%
76,201
-8,700
-10% -$2.5M
UAA icon
106
Under Armour
UAA
$2.6B
$23.1M 0.18%
573,200
+443,800
+343% +$20.2M
BRK.A icon
107
Berkshire Hathaway Class A
BRK.A
$1.12T
$22.9M 0.18%
116
– –
BKNG icon
108
Booking.com
BKNG
$161B
$21.7M 0.17%
425,525
-35,000
-8% -$1.85M
LAMR icon
109
Lamar Advertising Co
LAMR
$16.3B
$20.8M 0.16%
347,400
-4,800
-1% -$276K
HE icon
110
Hawaiian Electric Industries
HE
$2.14B
$20.8M 0.16%
717,071
-6,500
-0.9% -$187K
SPG icon
111
Simon Property Group
SPG
$72.3B
$20.6M 0.16%
105,842
-5,900
-5% -$1.14M
CL icon
112
Colgate-Palmolive
CL
$74.4B
$20.4M 0.16%
306,744
-17,200
-5% -$1.14M
CALM icon
113
Cal-Maine
CALM
$3.99B
$20.4M 0.16%
+440,000
New +$23.7M
NCMI icon
114
National CineMedia
NCMI
$378M
$20.3M 0.16%
129,100
-30,500
-19% -$4.52M
CCI icon
115
Crown Castle
CCI
$32.2B
$20.2M 0.15%
233,954
-23,900
-9% -$2.03M
ESRX
116
DELISTED
Express Scripts Holding Company
ESRX
$20.2M 0.15%
231,328
-12,600
-5% -$1.08M
DD
117
DELISTED
Du Pont De Nemours E I
DD
$20M 0.15%
299,735
-27,000
-8% -$1.71M
DD icon
118
DuPont de Nemours
DD
$19.2B
$19.8M 0.15%
151,862
-23,259
-13% -$2.99M
FSLR icon
119
First Solar
FSLR
$26.9B
$19.7M 0.15%
298,906
-221,400
-43% -$12.4M
COP icon
120
ConocoPhillips
COP
$141B
$19.7M 0.15%
422,315
-23,100
-5% -$1.21M
KMI icon
121
Kinder Morgan
KMI
$68.7B
$19.2M 0.15%
1,283,698
+156,700
+14% +$3.73M
F icon
122
Ford
F
$55.7B
$18.8M 0.14%
1,333,138
-75,600
-5% -$1.09M
MET icon
123
MetLife
MET
$62.1B
$18.3M 0.14%
426,586
-25,918
-6% -$1.14M
TWC
124
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$18M 0.14%
96,814
-5,300
-5% -$983K
TWTR
125
DELISTED
Twitter, Inc.
TWTR
$17.7M 0.14%
765,000
-360,000
-32% -$9.6M
3 4
5
6 7

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.