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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+5.73%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AAPL icon
1
Apple
AAPL
$4.99T
$483M 3.7%
18,340,692
-2,095,600
-10% -$59.9M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$447M 3.42%
2,189,950
-1,300,000
-37% -$267M
WFC icon
3
Wells Fargo
WFC
$263B
$428M 3.28%
7,875,034
+1,654,400
+27% +$89.8M
AFL icon
4
Aflac
AFL
$65.9B
$312M 2.39%
10,406,018
-1,539,400
-13% -$47.9M
GILD icon
5
Gilead Sciences
GILD
$167B
$309M 2.37%
3,053,012
+249,300
+9% +$25.9M
VZ icon
6
Verizon
VZ
$201B
$263M 2.02%
5,695,555
+917,100
+19% +$41.6M
MSFT icon
7
Microsoft
MSFT
$2.92T
$243M 1.86%
4,385,969
+617,445
+16% +$32.5M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.08T
$221M 1.69%
+5,686,360
New +$210M
HD icon
9
Home Depot
HD
$343B
$220M 1.68%
1,662,340
-122,500
-7% -$15.6M
AXP icon
10
American Express
AXP
$227B
$206M 1.57%
2,954,811
+1,413,300
+92% +$103M
META icon
11
Meta Platforms (Facebook)
META
$1.51T
$194M 1.49%
1,856,600
-85,900
-4% -$8.82M
USB icon
12
US Bancorp
USB
$100B
$192M 1.47%
4,508,533
-37,900
-0.8% -$1.62M
AMZN icon
13
Amazon
AMZN
$2.48T
$183M 1.4%
5,409,000
-560,000
-9% -$17.7M
CVS icon
14
CVS Health
CVS
$140B
$164M 1.26%
1,678,100
-64,100
-4% -$6.28M
JPM icon
15
JPMorgan Chase
JPM
$950B
$161M 1.23%
2,440,325
-271,500
-10% -$17.7M
VR
16
DELISTED
Validus Hold Ltd
VR
$158M 1.21%
3,423,100
-390,000
-10% -$17.7M
UNP icon
17
Union Pacific
UNP
$175B
$145M 1.11%
1,858,156
-1,364,300
-42% -$117M
GE icon
18
GE Aerospace
GE
$377B
$144M 1.11%
967,584
+95,602
+11% +$13.6M
BMY icon
19
Bristol-Myers Squibb
BMY
$130B
$140M 1.08%
2,040,653
+7,600
+0.4% +$502K
CSCO icon
20
Cisco
CSCO
$456B
$139M 1.06%
5,111,163
-449,100
-8% -$12.4M
JNJ icon
21
Johnson & Johnson
JNJ
$643B
$136M 1.04%
1,325,460
+103,300
+8% +$10.4M
GS icon
22
Goldman Sachs
GS
$305B
$136M 1.04%
752,182
-9,700
-1% -$1.8M
TWO
23
Two Harbors Investment
TWO
$1.27B
$135M 1.03%
2,083,750
-31,250
-1% -$2.13M
TMO icon
24
Thermo Fisher Scientific
TMO
$214B
$133M 1.02%
939,503
-7,400
-0.8% -$987K
BAC icon
25
Bank of America
BAC
$439B
$130M 0.99%
7,697,057
-219,100
-3% -$3.71M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.