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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
ALXN
151
DELISTED
Alexion Pharmaceuticals
ALXN
$14.7M 0.11%
77,074
-4,500
-6% -$786K
BLK icon
152
Blackrock
BLK
$176B
$14.7M 0.11%
43,160
-3,100
-7% -$1.05M
ADP icon
153
Automatic Data Processing
ADP
$108B
$14.6M 0.11%
172,493
-10,500
-6% -$904K
SO icon
154
Southern Company
SO
$107B
$14.5M 0.11%
310,890
-17,100
-5% -$775K
REGN icon
155
Regeneron Pharmaceuticals
REGN
$80.8B
$14.4M 0.11%
26,600
-1,300
-5% -$704K
APEI icon
156
American Public Education
APEI
$940M
$14.3M 0.11%
767,000
– –
CTSH icon
157
Cognizant
CTSH
$26B
$14M 0.11%
234,054
-5,000
-2% -$322K
AMT icon
158
American Tower
AMT
$80.4B
$14M 0.11%
144,830
-8,000
-5% -$780K
D icon
159
Dominion Energy
D
$59.3B
$13.8M 0.11%
203,613
-11,000
-5% -$760K
PYPL icon
160
PayPal
PYPL
$50.5B
$13.8M 0.11%
380,286
-2,157,100
-85% -$76.1M
CAT icon
161
Caterpillar
CAT
$387B
$13.5M 0.1%
199,154
-18,500
-8% -$1.29M
SCHW
162
Charles Schwab
SCHW
$187B
$13.5M 0.1%
409,817
-21,500
-5% -$680K
TCP
163
DELISTED
TC Pipelines LP
TCP
$13.4M 0.1%
270,500
+47,000
+21% +$2.33M
FDX icon
164
FedEx
FDX
$75.4B
$13.4M 0.1%
89,796
-5,100
-5% -$789K
EOG icon
165
EOG Resources
EOG
$70.7B
$13.3M 0.1%
188,060
-10,200
-5% -$828K
PSX icon
166
Phillips 66
PSX
$81.4B
$13.3M 0.1%
162,403
-11,900
-7% -$1.03M
AVGO icon
167
Broadcom
AVGO
$2.04T
$13M 0.1%
897,000
-40,000
-4% -$520K
DST
168
DELISTED
DST Systems Inc.
DST
$13M 0.1%
227,400
-4,200
-2% -$247K
AET
169
DELISTED
Aetna Inc
AET
$12.9M 0.1%
119,282
-6,600
-5% -$713K
CI icon
170
Cigna
CI
$74.6B
$12.9M 0.1%
88,080
-4,900
-5% -$673K
PRU icon
171
Prudential Financial
PRU
$41.8B
$12.5M 0.1%
153,580
-9,300
-6% -$769K
PSA icon
172
Public Storage
PSA
$61.3B
$12.5M 0.1%
50,341
-2,700
-5% -$632K
ELV icon
173
Elevance Health
ELV
$85.5B
$12.5M 0.1%
89,292
-5,200
-6% -$716K
GIS icon
174
General Mills
GIS
$19.7B
$11.8M 0.09%
204,418
-11,700
-5% -$673K
TRV icon
175
Travelers Companies
TRV
$80.2B
$11.7M 0.09%
104,067
-28,400
-21% -$3.16M
5 6
7
8 9

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.