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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
IDXX icon
476
Idexx Laboratories
IDXX
$46.2B
$3.11M 0.02%
41,900
-700
-2% -$50.1K
BALL icon
477
Ball Corp
BALL
$16.8B
$3.1M 0.02%
99,800
-7,200
-7% -$244K
HRL icon
478
Hormel Foods
HRL
$13.8B
$3.08M 0.02%
97,364
-7,200
-7% -$216K
HBAN icon
479
Huntington Bancshares
HBAN
$35.5B
$3.08M 0.02%
290,086
-23,500
-7% -$262K
NEM icon
480
Newmont
NEM
$119B
$3.07M 0.02%
190,999
-14,100
-7% -$252K
CSC
481
DELISTED
Computer Sciences
CSC
$3.07M 0.02%
118,586
-8,068
-6% -$218K
TNL icon
482
Travel + Leisure Co
TNL
$4.7B
$3.07M 0.02%
94,468
-8,638
-8% -$310K
ASH icon
483
Ashland
ASH
$3.5B
$3.06M 0.02%
62,246
+4,292
+7% +$233K
LLL
484
DELISTED
L3 Technologies, Inc.
LLL
$3.04M 0.02%
29,076
-2,900
-9% -$327K
PVH icon
485
PVH
PVH
$4.04B
$3.04M 0.02%
29,800
-2,300
-7% -$261K
LEN icon
486
Lennar Class A
LEN
$21.2B
$3.03M 0.02%
66,133
-6,618
-9% -$325K
SEIC icon
487
SEI Investments
SEIC
$12.6B
$3.03M 0.02%
62,800
+3,800
+6% +$193K
LNT icon
488
Alliant Energy
LNT
$18B
$3.02M 0.02%
103,120
+200
+0.2% +$5.89K
IFF icon
489
International Flavors & Fragrances
IFF
$21.9B
$3.01M 0.02%
29,146
-2,200
-7% -$243K
DRE
490
DELISTED
Duke Realty Corp.
DRE
$3M 0.02%
157,200
– –
FDS icon
491
Factset
FDS
$10.2B
$2.97M 0.02%
18,600
+900
+5% +$147K
FFIV icon
492
F5
FFIV
$22.7B
$2.96M 0.02%
25,584
-2,300
-8% -$282K
CNC icon
493
Centene
CNC
$32.5B
$2.94M 0.02%
108,400
– –
JLL icon
494
Jones Lang LaSalle
JLL
$16.7B
$2.93M 0.02%
20,400
– –
HAS icon
495
Hasbro
HAS
$13.2B
$2.93M 0.02%
40,599
-2,900
-7% -$224K
CPT icon
496
Camden Property Trust
CPT
$11.3B
$2.93M 0.02%
39,600
– –
WSM icon
497
Williams-Sonoma
WSM
$29.6B
$2.92M 0.02%
76,600
-1,000
-1% -$40.7K
SCG
498
DELISTED
Scana
SCG
$2.9M 0.02%
51,584
-3,800
-7% -$204K
RJF icon
499
Raymond James Financial
RJF
$34B
$2.9M 0.02%
87,638
+150
+0.2% +$5.56K
TPR icon
500
Tapestry
TPR
$32.8B
$2.89M 0.02%
99,811
-7,300
-7% -$226K
18 19
20
21 22

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.