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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
ANSS
426
DELISTED
Ansys
ANSS
$3.61M 0.03%
41,000
+100
+0.2% +$9.18K
JWN
427
DELISTED
Nordstrom
JWN
$3.61M 0.03%
50,400
-4,300
-8% -$324K
JBLU icon
428
JetBlue
JBLU
$2.29B
$3.61M 0.03%
140,123
+20,200
+17% +$476K
ADSK icon
429
Autodesk
ADSK
$52.6B
$3.61M 0.03%
81,732
-6,600
-7% -$331K
MTD icon
430
Mettler-Toledo International
MTD
$28.6B
$3.59M 0.03%
12,600
-100
-0.8% -$31.6K
RSG icon
431
Republic Services
RSG
$65.7B
$3.59M 0.03%
87,040
-9,700
-10% -$400K
EQT icon
432
EQT Corp
EQT
$32.3B
$3.56M 0.03%
100,980
-7,532
-7% -$307K
XRX icon
433
Xerox
XRX
$425M
$3.54M 0.03%
137,971
-14,762
-10% -$409K
CMS icon
434
CMS Energy
CMS
$22.3B
$3.53M 0.03%
99,899
-7,100
-7% -$239K
LLTC
435
DELISTED
Linear Technology Corp
LLTC
$3.49M 0.03%
86,592
-6,300
-7% -$258K
EG icon
436
Everest Group
EG
$14.4B
$3.49M 0.03%
20,120
-833,700
-98% -$151M
SEE
437
DELISTED
Sealed Air
SEE
$3.49M 0.03%
74,384
-7,100
-9% -$367K
XEC
438
DELISTED
CIMAREX ENERGY CO
XEC
$3.48M 0.03%
34,000
-2,300
-6% -$245K
CDK
439
DELISTED
CDK Global, Inc.
CDK
$3.48M 0.03%
72,800
-200
-0.3% -$10.1K
AYI icon
440
Acuity Brands
AYI
$10.8B
$3.48M 0.03%
19,800
– –
EMN icon
441
Eastman Chemical
EMN
$8.42B
$3.48M 0.03%
53,710
-4,100
-7% -$303K
CHRW icon
442
C.H. Robinson
CHRW
$17.5B
$3.47M 0.03%
51,197
-5,400
-10% -$363K
SBNY
443
DELISTED
Signature Bank
SBNY
$3.47M 0.03%
25,200
-8,000
-24% -$1.13M
BR icon
444
Broadridge
BR
$19B
$3.47M 0.03%
62,622
+3,600
+6% +$193K
DHI icon
445
D.R. Horton
DHI
$42.3B
$3.47M 0.03%
118,064
-11,300
-9% -$333K
MKC icon
446
McCormick & Company Non-Voting
MKC
$14.2B
$3.46M 0.03%
84,304
-14,800
-15% -$601K
FBIN icon
447
Fortune Brands Innovations
FBIN
$6.06B
$3.46M 0.03%
85,176
+234
+0.3% +$9.64K
Y
448
DELISTED
Alleghany Corp
Y
$3.42M 0.03%
7,300
– –
BWA icon
449
BorgWarner
BWA
$13.9B
$3.4M 0.03%
92,788
-6,930
-7% -$288K
WU icon
450
Western Union
WU
$2.21B
$3.39M 0.03%
184,794
-15,400
-8% -$293K
16 17
18
19 20

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.