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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
-6.5%
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
$12.9B
AUM Growth
-$1.46B
Cap. Flow
-$408M
Cap. Flow %
-3.16%
Top 10 Hldgs %
25.01%
Holding
989
New
34
Increased
178
Reduced
623
Closed
31

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$264M
2
UNP icon
Union Pacific
UNP
+$160M
3
PCG icon
PG&E
PCG
+$112M
4
GILD icon
Gilead Sciences
GILD
+$98.8M
5
PYPL icon
PayPal
PYPL
+$90.9M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$204M
2
USB icon
US Bancorp
USB
+$192M
3
EG icon
Everest Group
EG
+$151M
4
AZO icon
AutoZone
AZO
+$135M
5
VZ icon
Verizon
VZ
+$88.5M

Sector Composition

Rank Sector Weight
1 Financials 19.02%
2 Healthcare 14.57%
3 Technology 12.45%
4 Industrials 9.73%
5 Consumer Discretionary 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWY icon
251
iShares MSCI South Korea ETF
EWY
$24.1B
$7.32M 0.06%
150,000
– –
APA icon
252
APA Corp
APA
$13.2B
$7.3M 0.06%
186,445
-9,800
-5% -$446K
KYN icon
253
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$7.24M 0.06%
312,435
+68,932
+28% +$1.9M
ROST icon
254
Ross Stores
ROST
$81.9B
$7.24M 0.06%
149,384
-11,100
-7% -$567K
CMCSK
255
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
$7.15M 0.06%
+124,900
New +$7.15M
STI
256
DELISTED
SunTrust Banks, Inc.
STI
$7.15M 0.06%
186,928
-13,300
-7% -$557K
ED icon
257
Consolidated Edison
ED
$39.9B
$7.07M 0.05%
105,752
-7,800
-7% -$493K
AMP icon
258
Ameriprise Financial
AMP
$48.8B
$7.03M 0.05%
64,448
-5,900
-8% -$696K
MVIS icon
259
Microvision
MVIS
$79M
$7.02M 0.05%
146,667
– –
ZTS icon
260
Zoetis
ZTS
$30B
$6.87M 0.05%
166,756
-27,100
-14% -$1.26M
HIG icon
261
Hartford Financial Services
HIG
$39.3B
$6.86M 0.05%
149,927
-12,900
-8% -$596K
BCPC
262
Balchem Corp
BCPC
$5.72B
$6.84M 0.05%
112,600
-107,400
-49% -$6.22M
FIS icon
263
Fidelity National Information Services
FIS
$22.1B
$6.82M 0.05%
101,692
-8,200
-7% -$546K
UAL icon
264
United Airlines
UAL
$42.1B
$6.8M 0.05%
+128,100
New +$7.23M
NTRS icon
265
Northern Trust
NTRS
$33.9B
$6.75M 0.05%
99,006
-19,858
-17% -$1.46M
VTR icon
266
Ventas
VTR
$47.9B
$6.73M 0.05%
119,982
+7,645
+7% +$502K
PCAR icon
267
PACCAR
PCAR
$70.1B
$6.68M 0.05%
192,099
-14,250
-7% -$577K
CERN
268
DELISTED
Cerner Corp
CERN
$6.65M 0.05%
110,920
-7,800
-7% -$510K
BFH icon
269
Bread Financial
BFH
$4.38B
$6.63M 0.05%
32,076
-2,380
-7% -$514K
WDC icon
270
Western Digital
WDC
$150B
$6.58M 0.05%
109,633
-1,720
-2% -$103K
EL icon
271
Estee Lauder
EL
$32B
$6.57M 0.05%
81,390
-5,200
-6% -$436K
BXP icon
272
Boston Properties
BXP
$11.1B
$6.55M 0.05%
55,364
-4,100
-7% -$490K
PXD
273
DELISTED
Pioneer Natural Resource Co.
PXD
$6.55M 0.05%
53,854
-4,000
-7% -$498K
CMI icon
274
Cummins
CMI
$88.7B
$6.52M 0.05%
60,024
-5,000
-8% -$618K
XEL icon
275
Xcel Energy
XEL
$48.8B
$6.48M 0.05%
183,066
-13,500
-7% -$459K
9 10
11
12 13

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 Q3 2015 Portfolio in Review

As of Q3 2015, State of Michigan Retirement System held 989 positions worth $12.9B, down 10% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System withdrew a net $408M in Q3 2015, closing 31 positions and reducing 623 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $204M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

Against the trend, State of Michigan Retirement System opened a new position in PayPal worth $78.8M.

  • State of Michigan Retirement System's largest Q3 2015 buy was PayPal: 2,537,386 shares worth $78.8M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $264M increase.
  • State of Michigan Retirement System's biggest Q3 2015 reduction was US Bancorp, cutting an estimated $192M.
  • State of Michigan Retirement System fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $204M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.9B portfolio in Q3 2015.
  • State of Michigan Retirement System opened 34 new positions and closed 31 in Q3 2015.
  • State of Michigan Retirement System's portfolio value fell 10% quarter-over-quarter to $12.9B.

Based on State of Michigan Retirement System's 13F filing for Q3 2015, filed 30 Oct 2015.