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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
APD icon
201
Air Products & Chemicals
APD
$67.6B
$9.62M 0.08%
72,213
+541
+0.8% +$65.4K
MCO icon
202
Moody's
MCO
$82.7B
$9.51M 0.08%
98,433
+39,600
+67% +$3.56M
BXLT
203
DELISTED
BAXALTA INC COM STK (DE)
BXLT
$9.47M 0.08%
234,539
+48,900
+26% +$1.93M
TROW icon
204
T. Rowe Price
TROW
$24.3B
$9.44M 0.07%
128,493
-400
-0.3% -$27.8K
EQR icon
205
Equity Residential
EQR
$25.1B
$9.44M 0.07%
125,767
+1,200
+1% +$89.8K
HUM icon
206
Humana
HUM
$46.2B
$9.35M 0.07%
51,090
+400
+0.8% +$69.4K
CAH icon
207
Cardinal Health
CAH
$55.4B
$9.3M 0.07%
113,431
-288,200
-72% -$23.4M
INTU icon
208
Intuit
INTU
$89B
$9.2M 0.07%
88,468
-1,800
-2% -$174K
EPD icon
209
Enterprise Products Partners
EPD
$81.7B
$9.18M 0.07%
373,000
+33,000
+10% +$768K
ORLY icon
210
O'Reilly Automotive
ORLY
$76.3B
$9.16M 0.07%
502,005
-4,500
-0.9% -$76.8K
STZ icon
211
Constellation Brands
STZ
$23.2B
$9.14M 0.07%
60,523
+1,300
+2% +$188K
AVB icon
212
AvalonBay Communities
AVB
$26.8B
$8.98M 0.07%
47,219
+400
+0.9% +$70.6K
TFC icon
213
Truist Financial
TFC
$64B
$8.94M 0.07%
268,741
+1,900
+0.7% +$63.1K
PPL
214
PPL Corp
PPL
$26.7B
$8.83M 0.07%
232,050
+2,300
+1% +$81.7K
APA icon
215
APA Corp
APA
$13.2B
$8.8M 0.07%
180,245
+1,000
+0.6% +$41.6K
ALL icon
216
Allstate
ALL
$67.5B
$8.78M 0.07%
130,273
-2,200
-2% -$138K
BSX icon
217
Boston Scientific
BSX
$71.5B
$8.73M 0.07%
464,236
+4,100
+0.9% +$72K
JCI icon
218
Johnson Controls International
JCI
$92.2B
$8.7M 0.07%
213,196
+1,623
+0.8% +$62K
APEI icon
219
American Public Education
APEI
$940M
$8.66M 0.07%
419,600
-347,400
-45% -$6.1M
GLNG icon
220
Golar LNG
GLNG
$5.13B
$8.58M 0.07%
477,700
+53,700
+13% +$917K
ROST icon
221
Ross Stores
ROST
$81.9B
$8.57M 0.07%
147,984
+9,500
+7% +$527K
NSC icon
222
Norfolk Southern
NSC
$75.1B
$8.55M 0.07%
102,705
+600
+0.6% +$45.3K
CSX icon
223
CSX Corp
CSX
$93.1B
$8.54M 0.07%
994,905
-5,400
-0.5% -$43.8K
AAL icon
224
American Airlines Group
AAL
$10.6B
$8.51M 0.07%
207,600
-8,000
-4% -$322K
WELL icon
225
Welltower
WELL
$171B
$8.48M 0.07%
122,277
+1,200
+1% +$77.4K
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 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.