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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
PRU icon
176
Prudential Financial
PRU
$41.8B
$11.1M 0.09%
153,580
– –
ISRG icon
177
Intuitive Surgical
ISRG
$134B
$11.1M 0.09%
165,456
+50,400
+44% +$3.12M
YHOO
178
DELISTED
Yahoo Inc
YHOO
$11M 0.09%
299,955
+2,800
+0.9% +$87.7K
GPC icon
179
Genuine Parts
GPC
$18.7B
$11M 0.09%
110,896
+59,300
+115% +$5.26M
BHC icon
180
Bausch Health
BHC
$2.34B
$10.9M 0.09%
+415,000
New +$30.7M
MRSH
181
Marsh
MRSH
$91.5B
$10.9M 0.09%
179,477
+1,100
+0.6% +$61.6K
ALXN
182
DELISTED
Alexion Pharmaceuticals
ALXN
$10.8M 0.09%
77,574
+500
+0.6% +$73.4K
VEA icon
183
Vanguard FTSE Developed Markets ETF
VEA
$236B
$10.8M 0.09%
300,000
– –
TFCFA
184
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$10.7M 0.09%
385,477
-15,000
-4% -$401K
EWD icon
185
iShares MSCI Sweden ETF
EWD
$595M
$10.6M 0.08%
360,000
– –
HAL icon
186
Halliburton
HAL
$26.6B
$10.6M 0.08%
295,507
+2,800
+1% +$91.4K
HPE icon
187
Hewlett Packard
HPE
$70.5B
$10.5M 0.08%
1,016,872
-41,293
-4% -$346K
AZO icon
188
AutoZone
AZO
$51.1B
$10.3M 0.08%
12,947
+840
+7% +$635K
HSIC icon
189
Henry Schein
HSIC
$9.82B
$10.3M 0.08%
152,235
+79,815
+110% +$4.98M
OUT icon
190
Outfront Media
OUT
$5.5B
$10.2M 0.08%
493,502
+14,224
+3% +$289K
PPG icon
191
PPG Industries
PPG
$26.6B
$10.2M 0.08%
91,864
-200
-0.2% -$19.7K
ECL icon
192
Ecolab
ECL
$79.9B
$10.2M 0.08%
91,753
+800
+0.9% +$85K
LYB icon
193
LyondellBasell Industries
LYB
$19.2B
$10.2M 0.08%
119,032
-241,000
-67% -$19.3M
PCG icon
194
PG&E
PCG
$38.5B
$10.1M 0.08%
169,641
-700,200
-80% -$39M
DG icon
195
Dollar General
DG
$27.9B
$10.1M 0.08%
117,442
+17,900
+18% +$1.35M
ETN icon
196
Eaton
ETN
$174B
$9.88M 0.08%
157,996
-300
-0.2% -$16.6K
LUV icon
197
Southwest Airlines
LUV
$23B
$9.84M 0.08%
219,676
-2,800
-1% -$114K
AON icon
198
Aon
AON
$76B
$9.72M 0.08%
93,019
-700
-0.7% -$65.6K
FISV
199
Fiserv Inc
FISV
$27.9B
$9.7M 0.08%
189,152
+27,600
+17% +$1.31M
ICE icon
200
Intercontinental Exchange
ICE
$84.4B
$9.63M 0.08%
204,880
+2,000
+1% +$97.3K
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 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.