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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
LKQ icon
401
LKQ Corp
LKQ
$6.29B
$3.93M 0.03%
138,700
+100
+0.1% +$3.05K
SIG icon
402
Signet Jewelers
SIG
$3.76B
$3.91M 0.03%
28,700
-7,800
-21% -$1M
EXR icon
403
Extra Space Storage
EXR
$31.6B
$3.9M 0.03%
50,500
-100
-0.2% -$7.32K
SLG icon
404
SL Green Realty
SLG
$3.99B
$3.89M 0.03%
37,189
-2,685
-7% -$288K
COL
405
DELISTED
Rockwell Collins
COL
$3.89M 0.03%
47,509
-3,800
-7% -$326K
WAB icon
406
Wabtec
WAB
$49.3B
$3.87M 0.03%
44,000
– –
NWL icon
407
Newell Brands
NWL
$2.56B
$3.84M 0.03%
96,728
-7,500
-7% -$315K
BF.B icon
408
Brown-Forman Class B
BF.B
$13.1B
$3.82M 0.03%
123,209
-65,625
-35% -$2.14M
FAST icon
409
Fastenal
FAST
$59.5B
$3.82M 0.03%
417,376
-4,400
-1% -$43.6K
CF icon
410
CF Industries
CF
$17.3B
$3.78M 0.03%
84,165
-7,000
-8% -$407K
MOS icon
411
The Mosaic Company
MOS
$7.33B
$3.77M 0.03%
121,130
+800
+0.7% +$33K
MRO
412
DELISTED
Marathon Oil Corporation
MRO
$3.77M 0.03%
244,476
-17,300
-7% -$328K
TXT icon
413
Textron
TXT
$15.4B
$3.76M 0.03%
99,781
-7,900
-7% -$327K
L icon
414
Loews
L
$23.6B
$3.75M 0.03%
103,825
-11,400
-10% -$426K
MAC icon
415
Macerich
MAC
$6.92B
$3.75M 0.03%
48,788
-5,800
-11% -$449K
MSI icon
416
Motorola Solutions
MSI
$77.4B
$3.74M 0.03%
54,713
-17,241
-24% -$1.09M
LRCX icon
417
Lam Research
LRCX
$390B
$3.73M 0.03%
571,680
-42,000
-7% -$308K
TW
418
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$3.71M 0.03%
31,600
– –
AEE icon
419
Ameren
AEE
$30.1B
$3.7M 0.03%
87,582
-6,500
-7% -$262K
CCEP icon
420
Coca-Cola Europacific Partners
CCEP
$47.9B
$3.69M 0.03%
76,242
-6,900
-8% -$336K
MLM icon
421
Martin Marietta Materials
MLM
$33B
$3.66M 0.03%
24,100
– –
FLG
422
Flagstar Bank National Association
FLG
$5.82B
$3.65M 0.03%
67,423
-34
-0.1% -$1.85K
KIM icon
423
Kimco Realty
KIM
$16.4B
$3.64M 0.03%
149,146
-10,900
-7% -$262K
AA.PRB
424
DELISTED
Alcoa Inc
AA.PRB
$3.64M 0.03%
109,000
-90,000
-45% -$3.22M
KSU
425
DELISTED
Kansas City Southern
KSU
$3.62M 0.03%
39,800
-3,100
-7% -$292K
15 16
17
18 19

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.