We are live on ! Find out more
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
JNJ icon
26
Johnson & Johnson
JNJ
$625B
$114M 0.88%
1,222,160
-249,900
-17% -$24.2M
XOM icon
27
ExxonMobil
XOM
$634B
$112M 0.87%
1,505,664
-115,900
-7% -$8.93M
APTV icon
28
Aptiv
APTV
$10.3B
$106M 0.82%
1,397,090
-9,200
-0.7% -$707K
GE icon
29
GE Aerospace
GE
$384B
$105M 0.82%
871,982
-52,354
-6% -$6.42M
EXC icon
30
Exelon
EXC
$47B
$103M 0.8%
4,859,457
-529,816
-10% -$11.9M
PG icon
31
Procter & Gamble
PG
$339B
$97.2M 0.75%
1,350,612
-137,900
-9% -$10.3M
AIG icon
32
American International
AIG
$41.8B
$96.1M 0.74%
1,692,002
-111,700
-6% -$6.83M
AX icon
33
Axos Financial
AX
$5.68B
$93.1M 0.72%
2,892,000
+2,432,000
+529% +$72.7M
COR icon
34
Cencora
COR
$61.2B
$90.4M 0.7%
951,280
+216,300
+29% +$22.7M
T icon
35
AT&T
T
$163B
$89.9M 0.7%
3,653,688
+194,040
+6% +$4.95M
TSLA icon
36
Tesla
TSLA
$1.3T
$85.5M 0.66%
5,164,815
-2,625,000
-34% -$44.6M
PM icon
37
Philip Morris
PM
$295B
$82M 0.63%
1,033,945
-12,105
-1% -$996K
PFE icon
38
Pfizer
PFE
$153B
$81.6M 0.63%
2,739,188
-54,913
-2% -$1.76M
INTC icon
39
Intel
INTC
$513B
$80.3M 0.62%
2,662,955
+155,200
+6% +$4.49M
PYPL icon
40
PayPal
PYPL
$50.5B
$78.8M 0.61%
+2,537,386
New +$90.9M
IBM icon
41
IBM
IBM
$224B
$75.1M 0.58%
541,551
-30,752
-5% -$4.54M
TSCO icon
42
Tractor Supply
TSCO
$18.1B
$74.5M 0.58%
4,420,000
-19,500
-0.4% -$347K
CMCSA icon
43
Comcast
CMCSA
$90B
$70.9M 0.55%
2,491,298
-405,200
-14% -$12M
XLF icon
44
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$67.2M 0.52%
3,380,074
– –
BRK.B icon
45
Berkshire Hathaway Class B
BRK.B
$1.13T
$65.2M 0.5%
499,766
-583,400
-54% -$79.9M
MRK icon
46
Merck
MRK
$318B
$62.3M 0.48%
1,322,108
-100,817
-7% -$5.36M
MO icon
47
Altria Group
MO
$114B
$59.4M 0.46%
1,091,774
-253,200
-19% -$13.6M
KO icon
48
Coca-Cola
KO
$375B
$59M 0.46%
1,470,646
-132,610
-8% -$5.31M
RTX icon
49
RTX Corp
RTX
$301B
$57.5M 0.44%
1,026,143
+220,077
+27% +$13.5M
SLB icon
50
SLB Ltd
SLB
$75B
$57.3M 0.44%
831,183
-415,400
-33% -$32.9M
1
2
3 4 5

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.