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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
PNC icon
151
PNC Financial Services
PNC
$101B
$14.6M 0.12%
172,492
-1,200
-0.7% -$102K
FDX icon
152
FedEx
FDX
$75.4B
$14.4M 0.11%
88,296
-1,500
-2% -$209K
KR icon
153
Kroger
KR
$34.8B
$14.4M 0.11%
375,328
+2,700
+0.7% +$104K
PSA icon
154
Public Storage
PSA
$61.3B
$14M 0.11%
50,741
+400
+0.8% +$101K
PSX icon
155
Phillips 66
PSX
$81.4B
$14M 0.11%
161,603
-800
-0.5% -$65K
EOG icon
156
EOG Resources
EOG
$70.7B
$13.7M 0.11%
189,360
+1,300
+0.7% +$89.8K
BNY
157
Bank of New York Mellon
BNY
$107B
$13.6M 0.11%
370,432
-3,400
-0.9% -$123K
AET
158
DELISTED
Aetna Inc
AET
$13.5M 0.11%
120,382
+1,100
+0.9% +$118K
MS icon
159
Morgan Stanley
MS
$340B
$13.2M 0.1%
525,955
+9,400
+2% +$240K
GIS icon
160
General Mills
GIS
$19.7B
$12.9M 0.1%
204,318
-100
-0% -$5.81K
VVC
161
DELISTED
Vectren Corporation
VVC
$12.9M 0.1%
255,760
+400
+0.2% +$18.1K
PSO icon
162
Pearson
PSO
$9.9B
$12.7M 0.1%
1,013,300
+7,800
+0.8% +$89.1K
ELV icon
163
Elevance Health
ELV
$85.5B
$12.5M 0.1%
89,992
+700
+0.8% +$93.5K
MCK icon
164
McKesson
MCK
$101B
$12.4M 0.1%
78,753
-143,700
-65% -$23.2M
CI icon
165
Cigna
CI
$74.6B
$12.1M 0.1%
88,080
– –
TRV icon
166
Travelers Companies
TRV
$80.2B
$11.9M 0.09%
101,567
-2,500
-2% -$273K
SCHW
167
Charles Schwab
SCHW
$187B
$11.6M 0.09%
413,717
+3,900
+1% +$103K
SYK icon
168
Stryker
SYK
$130B
$11.6M 0.09%
107,892
-100
-0.1% -$9.86K
ITW icon
169
Illinois Tool Works
ITW
$84.5B
$11.5M 0.09%
112,713
+800
+0.7% +$74.1K
YUM icon
170
Yum! Brands
YUM
$41.1B
$11.5M 0.09%
195,700
-9,459
-5% -$496K
EXC icon
171
Exelon
EXC
$47B
$11.4M 0.09%
444,138
-4,924,806
-92% -$110M
NGG icon
172
National Grid
NGG
$81.3B
$11.3M 0.09%
163,908
– –
AEP icon
173
American Electric Power
AEP
$68.4B
$11.2M 0.09%
169,097
+1,200
+0.7% +$74.2K
PX
174
DELISTED
Praxair Inc
PX
$11.2M 0.09%
98,105
+700
+0.7% +$73.1K
CME icon
175
CME Group
CME
$94.8B
$11.2M 0.09%
116,481
+800
+0.7% +$72.8K
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 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.