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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
HCC
451
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$3.37M 0.03%
43,500
-100
-0.2% -$7.74K
PII icon
452
Polaris
PII
$4.07B
$3.36M 0.03%
28,000
+100
+0.4% +$13.6K
AMG icon
453
Affiliated Managers Group
AMG
$9.76B
$3.35M 0.03%
19,600
-1,600
-8% -$315K
CBRE icon
454
CBRE Group
CBRE
$42.9B
$3.34M 0.03%
104,460
-4,000
-4% -$142K
PNR icon
455
Pentair
PNR
$11B
$3.32M 0.03%
96,794
-6,998
-7% -$275K
KSS icon
456
Kohl's
KSS
$2.19B
$3.31M 0.03%
71,406
-19,300
-21% -$1.09M
CPB icon
457
Campbell Soup
CPB
$6.87B
$3.29M 0.03%
64,947
-4,000
-6% -$196K
COO icon
458
Cooper Companies
COO
$14.5B
$3.29M 0.03%
88,400
– –
MD icon
459
Pediatrix Medical
MD
$2.2B
$3.29M 0.03%
42,800
+200
+0.5% +$16.1K
JNPR
460
DELISTED
Juniper Networks
JNPR
$3.28M 0.03%
127,700
-8,600
-6% -$227K
SNPS icon
461
Synopsys
SNPS
$79.7B
$3.28M 0.03%
71,000
+300
+0.4% +$14.7K
MCHP icon
462
Microchip Technology
MCHP
$46B
$3.28M 0.03%
152,128
-4,800
-3% -$103K
LHX icon
463
L3Harris
LHX
$53.4B
$3.28M 0.03%
44,785
-3,000
-6% -$235K
CTRA
464
DELISTED
Coterra Energy
CTRA
$3.27M 0.03%
149,364
-11,000
-7% -$282K
AJG icon
465
Arthur J. Gallagher & Co
AJG
$63.6B
$3.26M 0.03%
79,000
+2,500
+3% +$113K
RMD icon
466
ResMed
RMD
$30.7B
$3.26M 0.03%
64,000
-200
-0.3% -$10.8K
SKX
467
DELISTED
Skechers
SKX
$3.26M 0.03%
72,900
+1,800
+3% +$81.7K
DOV icon
468
Dover
DOV
$28.4B
$3.24M 0.03%
70,098
-6,933
-9% -$351K
EXPD icon
469
Expeditors International
EXPD
$23.2B
$3.22M 0.02%
68,395
-5,800
-8% -$274K
NTAP icon
470
NetApp
NTAP
$37.2B
$3.21M 0.02%
108,555
-12,400
-10% -$383K
WWAV
471
DELISTED
The WhiteWave Foods Company
WWAV
$3.21M 0.02%
79,934
+200
+0.3% +$9.54K
SNA icon
472
Snap-on
SNA
$21.5B
$3.18M 0.02%
21,051
-1,600
-7% -$257K
IT icon
473
Gartner
IT
$11.7B
$3.17M 0.02%
37,800
– –
MAS icon
474
Masco
MAS
$15.3B
$3.13M 0.02%
124,288
-29,101
-19% -$747K
TIF
475
DELISTED
Tiffany & Co.
TIF
$3.13M 0.02%
40,522
-3,100
-7% -$271K
17 18
19
20 21

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.