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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
BAX icon
276
Baxter International
BAX
$14.2B
$6.47M 0.05%
196,939
-1,811,664
-90% -$68.6M
PGR icon
277
Progressive
PGR
$125B
$6.45M 0.05%
210,445
+3,400
+2% +$103K
ADI icon
278
Analog Devices
ADI
$190B
$6.39M 0.05%
113,205
-8,400
-7% -$489K
AMAT icon
279
Applied Materials
AMAT
$428B
$6.38M 0.05%
434,185
-43,500
-9% -$727K
SHW icon
280
Sherwin-Williams
SHW
$89.8B
$6.37M 0.05%
85,785
-6,300
-7% -$553K
SE
281
DELISTED
Spectra Energy Corp Wi
SE
$6.37M 0.05%
242,459
-17,900
-7% -$521K
CAG icon
282
Conagra Brands
CAG
$7.23B
$6.31M 0.05%
200,145
-12,722
-6% -$427K
BAC.WS.B
283
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$6.3M 0.05%
22,500,000
– –
UAA icon
284
Under Armour
UAA
$2.6B
$6.26M 0.05%
129,400
-1,000
-0.8% -$47.5K
DOC icon
285
Healthpeak Properties
DOC
$14.8B
$6.22M 0.05%
183,418
-13,176
-7% -$456K
MCO icon
286
Moody's
MCO
$82.7B
$6.19M 0.05%
63,033
-6,000
-9% -$638K
BXLT
287
DELISTED
BAXALTA INC COM STK (DE)
BXLT
$6.17M 0.05%
+195,639
New +$6.75M
ISRG icon
288
Intuitive Surgical
ISRG
$134B
$6.15M 0.05%
120,456
-8,100
-6% -$459K
M icon
289
Macy's
M
$6.68B
$6.14M 0.05%
119,702
-10,800
-8% -$677K
K
290
DELISTED
Kellanova
K
$6.12M 0.05%
97,868
-5,645
-5% -$352K
EFOI icon
291
Energy Focus
EFOI
$20.3M
$6.08M 0.05%
+14,714
New +$7.37M
VTRS icon
292
Viatris
VTRS
$18.9B
$6M 0.05%
149,093
-10,600
-7% -$591K
SIAL
293
DELISTED
SIGMA - ALDRICH CORP
SIAL
$5.99M 0.05%
43,095
-3,200
-7% -$446K
WEC icon
294
WEC Energy
WEC
$35.1B
$5.95M 0.05%
113,945
-128,094
-53% -$6.23M
NLSN
295
DELISTED
Nielsen Holdings plc
NLSN
$5.89M 0.05%
132,500
-10,700
-7% -$494K
MTB icon
296
M&T Bank
MTB
$36.2B
$5.86M 0.05%
48,077
-3,500
-7% -$438K
MU icon
297
Micron Technology
MU
$991B
$5.82M 0.05%
388,620
-29,200
-7% -$502K
ES icon
298
Eversource Energy
ES
$27.2B
$5.8M 0.04%
114,556
-8,600
-7% -$414K
ZBH icon
299
Zimmer Biomet
ZBH
$18.4B
$5.8M 0.04%
63,554
-4,532
-7% -$454K
SWKS icon
300
Skyworks Solutions
SWKS
$10.6B
$5.79M 0.04%
68,800
-5,300
-7% -$485K
10 11
12
13 14

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.