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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
OXY icon
126
Occidental Petroleum
OXY
$55.9B
$18M 0.14%
263,040
+1,355
+0.5% +$90.8K
EMC
127
DELISTED
EMC CORPORATION
EMC
$17.9M 0.14%
670,354
+7,200
+1% +$182K
TWTR
128
DELISTED
Twitter, Inc.
TWTR
$17.4M 0.14%
1,050,000
+285,000
+37% +$4.99M
STJ
129
DELISTED
St Jude Medical
STJ
$17.2M 0.14%
311,983
+32,000
+11% +$1.74M
COP icon
130
ConocoPhillips
COP
$141B
$17.1M 0.14%
425,615
+3,300
+0.8% +$125K
TGT icon
131
Target
TGT
$68B
$17.1M 0.14%
207,378
-3,300
-2% -$249K
CTSH icon
132
Cognizant
CTSH
$26B
$16.9M 0.13%
269,354
+35,300
+15% +$2.05M
KMB icon
133
Kimberly-Clark
KMB
$36.5B
$16.7M 0.13%
124,238
+100
+0.1% +$13K
MET icon
134
MetLife
MET
$62.1B
$16.6M 0.13%
423,668
-2,918
-0.7% -$109K
GSK icon
135
GSK
GSK
$106B
$16.4M 0.13%
323,200
– –
SO icon
136
Southern Company
SO
$107B
$16.3M 0.13%
314,290
+3,400
+1% +$166K
ADBE icon
137
Adobe
ADBE
$105B
$16.1M 0.13%
171,565
+1,000
+0.6% +$86.7K
KHC icon
138
Kraft Heinz
KHC
$30B
$16.1M 0.13%
204,702
+1,300
+0.6% +$97.3K
ADP icon
139
Automatic Data Processing
ADP
$108B
$15.9M 0.13%
177,693
+5,200
+3% +$436K
ESRX
140
DELISTED
Express Scripts Holding Company
ESRX
$15.8M 0.13%
230,028
-1,300
-0.6% -$93.5K
D icon
141
Dominion Energy
D
$59.3B
$15.4M 0.12%
205,313
+1,700
+0.8% +$120K
CAT icon
142
Caterpillar
CAT
$387B
$15.3M 0.12%
200,454
+1,300
+0.7% +$87.2K
GM icon
143
General Motors
GM
$76.8B
$15.2M 0.12%
483,900
-500
-0.1% -$15K
TCP
144
DELISTED
TC Pipelines LP
TCP
$15.1M 0.12%
313,500
+43,000
+16% +$1.95M
COF icon
145
Capital One
COF
$134B
$15.1M 0.12%
217,556
-14,395
-6% -$951K
NFLX icon
146
Netflix
NFLX
$309B
$15.1M 0.12%
1,473,620
+12,000
+0.8% +$118K
AMT icon
147
American Tower
AMT
$80.4B
$14.9M 0.12%
145,930
+1,100
+0.8% +$103K
BLK icon
148
Blackrock
BLK
$176B
$14.8M 0.12%
43,460
+300
+0.7% +$95.1K
PYPL icon
149
PayPal
PYPL
$50.5B
$14.8M 0.12%
383,086
+2,800
+0.7% +$101K
OMC icon
150
Omnicom Group
OMC
$23.4B
$14.6M 0.12%
175,706
+92,800
+112% +$6.99M
4 5
6
7 8

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.