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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
VNO icon
301
Vornado Realty Trust
VNO
$7.38B
$5.79M 0.04%
79,200
-4,824
-6% -$364K
OMC icon
302
Omnicom Group
OMC
$23.4B
$5.78M 0.04%
87,706
-7,000
-7% -$490K
IP icon
303
International Paper
IP
$22B
$5.71M 0.04%
159,415
-13,728
-8% -$582K
ROP icon
304
Roper Technologies
ROP
$39.8B
$5.7M 0.04%
36,394
-2,600
-7% -$430K
APH icon
305
Amphenol
APH
$209B
$5.69M 0.04%
446,496
-32,800
-7% -$440K
DLTR icon
306
Dollar Tree
DLTR
$25.2B
$5.62M 0.04%
84,374
+4,452
+6% +$334K
EQIX icon
307
Equinix
EQIX
$103B
$5.61M 0.04%
20,500
-1,600
-7% -$439K
PAYX icon
308
Paychex
PAYX
$42.7B
$5.53M 0.04%
116,151
-10,600
-8% -$494K
EW icon
309
Edwards Lifesciences
EW
$51.7B
$5.52M 0.04%
232,824
-17,400
-7% -$420K
GGP
310
DELISTED
GGP Inc.
GGP
$5.51M 0.04%
212,100
-31,900
-13% -$838K
RCL icon
311
Royal Caribbean
RCL
$85.6B
$5.51M 0.04%
61,800
-2,200
-3% -$193K
FITB
312
Fifth Third Bancorp
FITB
$51.8B
$5.49M 0.04%
290,212
-23,900
-8% -$486K
ALTR
313
DELISTED
Altera Corp
ALTR
$5.47M 0.04%
109,172
-7,600
-7% -$378K
BSMX
314
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$5.46M 0.04%
744,300
– –
KDP icon
315
Keurig Dr Pepper
KDP
$40.8B
$5.45M 0.04%
68,904
-5,500
-7% -$431K
CLX icon
316
Clorox
CLX
$12.7B
$5.38M 0.04%
46,570
-4,300
-8% -$483K
SWK icon
317
Stanley Black & Decker
SWK
$15.7B
$5.36M 0.04%
55,236
-4,400
-7% -$453K
ESS icon
318
Essex Property Trust
ESS
$18.5B
$5.3M 0.04%
23,714
-1,600
-6% -$353K
ATVI
319
DELISTED
Activision Blizzard
ATVI
$5.27M 0.04%
+170,600
New +$4.75M
NOV icon
320
NOV
NOV
$7B
$5.22M 0.04%
138,610
-377,800
-73% -$15.5M
DTE icon
321
DTE Energy
DTE
$29.1B
$5.21M 0.04%
76,162
-5,523
-7% -$369K
ENDP
322
DELISTED
Endo International plc
ENDP
$5.2M 0.04%
75,000
-3,600
-5% -$288K
DVN icon
323
Devon Energy
DVN
$47.3B
$5.17M 0.04%
139,411
-10,500
-7% -$482K
MJN
324
DELISTED
Mead Johnson Nutrition Company
MJN
$5.16M 0.04%
73,309
-5,200
-7% -$428K
BBBY
325
DELISTED
Bed Bath & Beyond Inc
BBBY
$5.13M 0.04%
89,992
-5,200
-5% -$332K
11 12
13
14 15

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.