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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
FL
351
DELISTED
Foot Locker
FL
$4.57M 0.04%
63,500
-200
-0.3% -$14.2K
AA icon
352
Alcoa
AA
$13.2B
$4.57M 0.04%
196,803
-500
-0.3% -$11.7K
NVDA icon
353
NVIDIA
NVDA
$5.42T
$4.56M 0.04%
7,392,320
-536,000
-7% -$290K
LVLT
354
DELISTED
Level 3 Communications Inc
LVLT
$4.55M 0.04%
104,200
-9,900
-9% -$477K
GPC icon
355
Genuine Parts
GPC
$18.7B
$4.53M 0.04%
54,696
-4,300
-7% -$370K
ARW icon
356
Arrow Electronics
ARW
$10.4B
$4.47M 0.03%
80,937
-500
-0.6% -$27.8K
KMX icon
357
CarMax
KMX
$8.26B
$4.46M 0.03%
75,169
-6,000
-7% -$376K
DVA icon
358
DaVita
DVA
$11.7B
$4.45M 0.03%
61,562
-5,100
-8% -$395K
AKAM icon
359
Akamai
AKAM
$15.9B
$4.45M 0.03%
64,447
-4,800
-7% -$346K
JAH
360
DELISTED
JARDEN CORPORATION
JAH
$4.38M 0.03%
89,500
+7,900
+10% +$418K
HES
361
DELISTED
Hess
HES
$4.37M 0.03%
87,225
-7,500
-8% -$429K
HOLX
362
DELISTED
Hologic
HOLX
$4.37M 0.03%
111,580
+200
+0.2% +$7.93K
NUE icon
363
Nucor
NUE
$62.1B
$4.33M 0.03%
115,327
-8,400
-7% -$360K
ANDV
364
DELISTED
Andeavor
ANDV
$4.32M 0.03%
44,467
-4,400
-9% -$427K
RF icon
365
Regions Financial
RF
$26.8B
$4.31M 0.03%
478,646
-41,200
-8% -$407K
LNC icon
366
Lincoln National
LNC
$8.81B
$4.3M 0.03%
90,697
-7,400
-8% -$397K
GMLP
367
DELISTED
Golar LNG Partners LP
GMLP
$4.3M 0.03%
293,000
+48,000
+20% +$981K
HST icon
368
Host Hotels & Resorts
HST
$16B
$4.29M 0.03%
271,396
-22,500
-8% -$421K
VMC icon
369
Vulcan Materials
VMC
$36.9B
$4.29M 0.03%
48,058
-3,400
-7% -$317K
FRT icon
370
Federal Realty Investment Trust
FRT
$10.3B
$4.29M 0.03%
31,400
+100
+0.3% +$13.4K
SRCL
371
DELISTED
Stericycle Inc
SRCL
$4.27M 0.03%
30,657
-2,300
-7% -$320K
EXPE icon
372
Expedia Group
EXPE
$37.3B
$4.26M 0.03%
36,164
-2,500
-6% -$288K
CAM
373
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$4.24M 0.03%
69,107
-5,100
-7% -$281K
SJM icon
374
J.M. Smucker
SJM
$12.8B
$4.22M 0.03%
37,008
-600
-2% -$66.9K
ETR icon
375
Entergy
ETR
$50B
$4.22M 0.03%
129,574
-9,600
-7% -$326K
13 14
15
16 17

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.