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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
+0.7%
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
$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
WFC icon
1
Wells Fargo
WFC
$263B
$632M 5.02%
13,073,834
+5,198,800
+66% +$255M
AAPL icon
2
Apple
AAPL
$4.98T
$498M 3.95%
18,259,892
-80,800
-0.4% -$2.01M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$450M 3.57%
2,189,950
– –
GILD icon
4
Gilead Sciences
GILD
$167B
$311M 2.46%
3,380,612
+327,600
+11% +$29.5M
MSFT icon
5
Microsoft
MSFT
$2.92T
$288M 2.29%
5,220,069
+834,100
+19% +$43.7M
VZ icon
6
Verizon
VZ
$201B
$245M 1.94%
4,523,755
-1,171,800
-21% -$58.6M
HD icon
7
Home Depot
HD
$342B
$223M 1.77%
1,669,040
+6,700
+0.4% +$835K
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.1T
$217M 1.72%
1,528,466
+1,031,000
+207% +$137M
META icon
9
Meta Platforms (Facebook)
META
$1.51T
$214M 1.7%
1,876,700
+20,100
+1% +$2.12M
AFL icon
10
Aflac
AFL
$65.7B
$209M 1.66%
6,628,990
-3,777,028
-36% -$112M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.08T
$209M 1.66%
5,478,360
-208,000
-4% -$7.66M
AXP icon
12
American Express
AXP
$227B
$172M 1.36%
2,800,811
-154,000
-5% -$8.96M
CVS icon
13
CVS Health
CVS
$139B
$168M 1.33%
1,618,800
-59,300
-4% -$5.77M
VR
14
DELISTED
Validus Hold Ltd
VR
$160M 1.27%
3,393,900
-29,200
-0.9% -$1.31M
CSCO icon
15
Cisco
CSCO
$456B
$145M 1.15%
5,107,663
-3,500
-0.1% -$90K
TMO icon
16
Thermo Fisher Scientific
TMO
$213B
$135M 1.07%
950,403
+10,900
+1% +$1.46M
JNJ icon
17
Johnson & Johnson
JNJ
$646B
$132M 1.05%
1,220,760
-104,700
-8% -$10.8M
TWO
18
Two Harbors Investment
TWO
$1.27B
$131M 1.04%
2,062,500
-21,250
-1% -$1.31M
BMY icon
19
Bristol-Myers Squibb
BMY
$130B
$131M 1.04%
2,044,853
+4,200
+0.2% +$265K
V icon
20
Visa
V
$701B
$130M 1.03%
1,703,680
+1,024,000
+151% +$74.4M
GS icon
21
Goldman Sachs
GS
$307B
$123M 0.97%
781,782
+29,600
+4% +$4.58M
AMZN icon
22
Amazon
AMZN
$2.48T
$120M 0.96%
4,059,000
-1,350,000
-25% -$38.3M
XOM icon
23
ExxonMobil
XOM
$636B
$120M 0.95%
1,429,864
+6,000
+0.4% +$481K
GE icon
24
GE Aerospace
GE
$377B
$119M 0.95%
781,792
-185,792
-19% -$26.2M
JPM icon
25
JPMorgan Chase
JPM
$948B
$113M 0.89%
1,902,597
-537,728
-22% -$31.4M
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 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.