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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
BRCM
176
DELISTED
BROADCOM CORP CL-A
BRCM
$11.1M 0.09%
191,870
-9,600
-5% -$517K
VEA icon
177
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11M 0.08%
300,000
– –
LH icon
178
Labcorp
LH
$25.9B
$11M 0.08%
103,611
-93,935
-48% -$9.69M
NGG icon
179
National Grid
NGG
$81.3B
$11M 0.08%
163,908
– –
PCP
180
DELISTED
PRECISION CASTPARTS CORP
PCP
$10.9M 0.08%
47,059
-2,600
-5% -$601K
TFCFA
181
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$10.9M 0.08%
400,477
-52,400
-12% -$1.52M
PSO icon
182
Pearson
PSO
$9.9B
$10.8M 0.08%
1,005,500
+117,700
+13% +$1.59M
VVC
183
DELISTED
Vectren Corporation
VVC
$10.8M 0.08%
255,360
-18,000
-7% -$774K
YUM icon
184
Yum! Brands
YUM
$41.1B
$10.8M 0.08%
205,159
-11,545
-5% -$603K
VRTX icon
185
Vertex Pharmaceuticals
VRTX
$126B
$10.6M 0.08%
84,000
-4,300
-5% -$519K
EWD icon
186
iShares MSCI Sweden ETF
EWD
$595M
$10.5M 0.08%
360,000
– –
CME icon
187
CME Group
CME
$94.8B
$10.5M 0.08%
115,681
-5,800
-5% -$546K
ECL icon
188
Ecolab
ECL
$79.9B
$10.4M 0.08%
90,953
-5,000
-5% -$588K
ICE icon
189
Intercontinental Exchange
ICE
$84.4B
$10.4M 0.08%
202,880
+3,000
+2% +$151K
ITW icon
190
Illinois Tool Works
ITW
$84.5B
$10.4M 0.08%
111,913
-7,300
-6% -$663K
CB
191
DELISTED
CHUBB CORPORATION
CB
$10.3M 0.08%
77,648
-4,300
-5% -$557K
OUT icon
192
Outfront Media
OUT
$5.5B
$10.3M 0.08%
479,278
+19,303
+4% +$433K
EQR icon
193
Equity Residential
EQR
$25.1B
$10.2M 0.08%
124,567
-6,900
-5% -$544K
TFC icon
194
Truist Financial
TFC
$64B
$10.1M 0.08%
266,841
+2,000
+0.8% +$75.2K
SYK icon
195
Stryker
SYK
$130B
$10M 0.08%
107,992
-5,800
-5% -$555K
PX
196
DELISTED
Praxair Inc
PX
$9.97M 0.08%
97,405
-6,100
-6% -$666K
HAL icon
197
Halliburton
HAL
$26.6B
$9.96M 0.08%
292,707
-15,800
-5% -$596K
MRSH
198
Marsh
MRSH
$91.5B
$9.89M 0.08%
178,377
-13,200
-7% -$727K
YHOO
199
DELISTED
Yahoo Inc
YHOO
$9.88M 0.08%
297,155
-15,700
-5% -$524K
AEP icon
200
American Electric Power
AEP
$68.4B
$9.78M 0.07%
167,897
-9,200
-5% -$521K
6 7
8
9 10

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.