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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
DINO icon
376
HF Sinclair
DINO
$14.5B
$4.21M 0.03%
86,290
-3,000
-3% -$143K
HBI
377
DELISTED
Hanesbrands
HBI
$4.21M 0.03%
145,324
-10,500
-7% -$325K
MHK icon
378
Mohawk Industries
MHK
$9.22B
$4.18M 0.03%
23,000
-1,100
-5% -$218K
GPN icon
379
Global Payments
GPN
$22.8B
$4.18M 0.03%
72,800
+7,400
+11% +$411K
WHR icon
380
Whirlpool
WHR
$2.82B
$4.17M 0.03%
28,345
-2,200
-7% -$372K
EFX icon
381
Equifax
EFX
$21.4B
$4.15M 0.03%
42,702
-3,500
-8% -$348K
NVO
382
Novo Nordisk
NVO
$209B
$4.15M 0.03%
153,000
– –
UHS icon
383
Universal Health Services
UHS
$10.5B
$4.13M 0.03%
33,100
-2,300
-6% -$320K
A icon
384
Agilent Technologies
A
$41.2B
$4.11M 0.03%
119,681
-9,500
-7% -$359K
UDR icon
385
UDR
UDR
$12.3B
$4.11M 0.03%
119,045
+1,100
+0.9% +$36.7K
BBY icon
386
Best Buy
BBY
$17.3B
$4.1M 0.03%
110,520
-3,000
-3% -$103K
WFM
387
DELISTED
Whole Foods Market Inc
WFM
$4.09M 0.03%
129,314
-9,600
-7% -$339K
HOT
388
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$4.09M 0.03%
61,517
-4,800
-7% -$365K
HOG icon
389
Harley-Davidson
HOG
$2.71B
$4.09M 0.03%
74,449
-6,600
-8% -$372K
CTXS
390
DELISTED
Citrix Systems Inc
CTXS
$4.02M 0.03%
72,879
-5,149
-7% -$293K
O icon
391
Realty Income
O
$59.1B
$4.02M 0.03%
87,514
-5,572
-6% -$251K
EWI icon
392
iShares MSCI Italy ETF
EWI
$1.08B
$4.01M 0.03%
140,000
– –
SNDK
393
DELISTED
SANDISK CORP
SNDK
$4.01M 0.03%
73,802
-6,800
-8% -$376K
HSIC icon
394
Henry Schein
HSIC
$9.82B
$4M 0.03%
76,755
-5,865
-7% -$325K
NOK icon
395
Nokia
NOK
$52.3B
$3.97M 0.03%
585,800
– –
XL
396
DELISTED
XL Group Ltd.
XL
$3.97M 0.03%
109,262
-9,700
-8% -$367K
XLNX
397
DELISTED
Xilinx Inc
XLNX
$3.96M 0.03%
93,475
-6,800
-7% -$286K
TFCF
398
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$3.96M 0.03%
+146,300
New +$4.34M
FCX icon
399
Freeport-McMoran
FCX
$97.5B
$3.96M 0.03%
408,343
+5,000
+1% +$60K
KEY icon
400
KeyCorp
KEY
$24.4B
$3.95M 0.03%
303,774
-25,200
-8% -$358K
14 15
16
17 18

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.