We are live on ! Find out more
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
ALLY icon
101
Ally Financial
ALLY
$13.3B
$23.4M 0.19%
+1,248,000
New +$21.5M
HE icon
102
Hawaiian Electric Industries
HE
$2.14B
$23.2M 0.18%
717,571
+500
+0.1% +$15K
KMI icon
103
Kinder Morgan
KMI
$68.7B
$23.2M 0.18%
1,297,898
+14,200
+1% +$232K
DHR icon
104
Danaher
DHR
$144B
$22.7M 0.18%
355,549
-364,846
-51% -$21.8M
ABT icon
105
Abbott
ABT
$187B
$22.6M 0.18%
541,263
+8,275
+2% +$328K
SPG icon
106
Simon Property Group
SPG
$72.3B
$22.1M 0.18%
106,542
+700
+0.7% +$134K
BKNG icon
107
Booking.com
BKNG
$161B
$22.1M 0.18%
428,025
+2,500
+0.6% +$120K
CCI icon
108
Crown Castle
CCI
$32.2B
$21.9M 0.17%
253,654
+19,700
+8% +$1.67M
CL icon
109
Colgate-Palmolive
CL
$74.4B
$21.7M 0.17%
307,344
+600
+0.2% +$39.9K
MDLZ icon
110
Mondelez International
MDLZ
$79.9B
$21.7M 0.17%
540,208
-3,300
-0.6% -$134K
CB icon
111
Chubb
CB
$135B
$21.4M 0.17%
+180,009
New +$20.7M
LAMR icon
112
Lamar Advertising Co
LAMR
$16.3B
$21.4M 0.17%
347,800
+400
+0.1% +$22.8K
TWC
113
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$20M 0.16%
97,514
+700
+0.7% +$132K
TWX
114
DELISTED
Time Warner Inc
TWX
$19.7M 0.16%
272,103
-1,300
-0.5% -$89.5K
AVGO icon
115
Broadcom
AVGO
$2.04T
$19.7M 0.16%
1,276,500
+379,500
+42% +$5.13M
NCMI icon
116
National CineMedia
NCMI
$378M
$19.6M 0.16%
129,100
– –
BIIB icon
117
Biogen
BIIB
$30.7B
$19.6M 0.16%
75,301
-900
-1% -$238K
DD icon
118
DuPont de Nemours
DD
$19.2B
$19.6M 0.16%
151,902
+40
+0% +$4.79K
ZVO
119
DELISTED
Zovio Inc. Common Stock
ZVO
$19.4M 0.15%
1,927,384
-71,616
-4% -$544K
TJX icon
120
TJX Companies
TJX
$178B
$19.2M 0.15%
488,972
+31,000
+7% +$1.13M
DD
121
DELISTED
Du Pont De Nemours E I
DD
$19M 0.15%
300,135
+400
+0.1% +$23.9K
NEE icon
122
NextEra Energy
NEE
$177B
$18.8M 0.15%
634,212
+4,000
+0.6% +$112K
WPC icon
123
W.P. Carey
WPC
$16.4B
$18.6M 0.15%
305,485
+13,479
+5% +$766K
IJR icon
124
iShares Core S&P Small-Cap ETF
IJR
$112B
$18.6M 0.15%
330,000
+52,000
+19% +$2.71M
F icon
125
Ford
F
$55.7B
$18.1M 0.14%
1,342,338
+9,200
+0.7% +$116K
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 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.