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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
ILMN icon
201
Illumina
ILMN
$28.4B
$9.62M 0.07%
+51,503
New +$8.31M
LUV icon
202
Southwest Airlines
LUV
$23B
$9.58M 0.07%
222,476
-15,800
-7% -$700K
HPE icon
203
Hewlett Packard
HPE
$70.5B
$9.35M 0.07%
+1,058,165
New +$8.86M
TROW icon
204
T. Rowe Price
TROW
$24.3B
$9.21M 0.07%
128,893
-6,800
-5% -$499K
STT icon
205
State Street
STT
$50.7B
$9.16M 0.07%
138,045
-9,400
-6% -$653K
MHFI
206
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$9.13M 0.07%
92,657
– –
AAL icon
207
American Airlines Group
AAL
$10.6B
$9.13M 0.07%
215,600
-27,400
-11% -$1.19M
PPG icon
208
PPG Industries
PPG
$26.6B
$9.1M 0.07%
92,064
-5,800
-6% -$586K
HUM icon
209
Humana
HUM
$46.2B
$9.05M 0.07%
50,690
-2,900
-5% -$509K
AZO icon
210
AutoZone
AZO
$51.1B
$8.98M 0.07%
12,107
+935
+8% +$713K
JCI icon
211
Johnson Controls International
JCI
$92.2B
$8.75M 0.07%
211,573
-13,943
-6% -$631K
INTU icon
212
Intuit
INTU
$89B
$8.71M 0.07%
90,268
-9,800
-10% -$947K
EPD icon
213
Enterprise Products Partners
EPD
$81.7B
$8.7M 0.07%
340,000
+14,000
+4% +$364K
SYF icon
214
Synchrony
SYF
$25.6B
$8.67M 0.07%
+285,178
New +$8.93M
CSX icon
215
CSX Corp
CSX
$93.1B
$8.65M 0.07%
1,000,305
-65,700
-6% -$596K
AON icon
216
Aon
AON
$76B
$8.64M 0.07%
93,719
-7,500
-7% -$699K
NSC icon
217
Norfolk Southern
NSC
$75.1B
$8.64M 0.07%
102,105
-6,700
-6% -$574K
APD icon
218
Air Products & Chemicals
APD
$67.6B
$8.63M 0.07%
71,672
-3,784
-5% -$476K
AVB icon
219
AvalonBay Communities
AVB
$26.8B
$8.62M 0.07%
46,819
-1,200
-2% -$215K
CCL icon
220
Carnival Corporation Ltd
CCL
$39.7B
$8.58M 0.07%
157,460
-9,400
-6% -$486K
ORLY icon
221
O'Reilly Automotive
ORLY
$76.3B
$8.56M 0.07%
506,505
-33,000
-6% -$572K
TEL icon
222
TE Connectivity
TEL
$62.6B
$8.54M 0.07%
132,096
-13,300
-9% -$857K
BSX icon
223
Boston Scientific
BSX
$71.5B
$8.48M 0.07%
460,136
-25,000
-5% -$448K
APC
224
DELISTED
Anadarko Petroleum
APC
$8.44M 0.06%
173,787
-9,600
-5% -$588K
STZ icon
225
Constellation Brands
STZ
$23.2B
$8.44M 0.06%
59,223
-2,800
-5% -$386K
7 8
9
10 11

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.