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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
CINF icon
501
Cincinnati Financial
CINF
$27.1B
$2.87M 0.02%
53,285
-4,100
-7% -$220K
UNM icon
502
Unum
UNM
$14.3B
$2.86M 0.02%
89,209
-7,600
-8% -$262K
ATI icon
503
ATI
ATI
$31B
$2.86M 0.02%
201,400
-217,792
-52% -$4.51M
GT icon
504
Goodyear
GT
$1.85B
$2.85M 0.02%
97,140
-7,500
-7% -$225K
KLAC icon
505
KLA
KLAC
$259B
$2.85M 0.02%
569,370
-51,000
-8% -$262K
DRI icon
506
Darden Restaurants
DRI
$24.4B
$2.84M 0.02%
46,319
-8,279
-15% -$525K
INGR icon
507
Ingredion
INGR
$6.58B
$2.84M 0.02%
32,500
-100
-0.3% -$8.57K
IPG
508
DELISTED
Interpublic Group of Companies
IPG
$2.83M 0.02%
148,173
-12,000
-7% -$240K
FTNT icon
509
Fortinet
FTNT
$117B
$2.81M 0.02%
330,500
+6,000
+2% +$53.1K
MAA icon
510
Mid-America Apartment Communities
MAA
$15.7B
$2.81M 0.02%
34,300
– –
CNP icon
511
CenterPoint Energy
CNP
$26.8B
$2.8M 0.02%
155,238
-11,600
-7% -$217K
ARE icon
512
Alexandria Real Estate Equities
ARE
$8.56B
$2.79M 0.02%
32,900
+100
+0.3% +$8.99K
CTAS icon
513
Cintas
CTAS
$81.3B
$2.77M 0.02%
129,372
-18,000
-12% -$386K
TSS
514
DELISTED
Total System Services, Inc.
TSS
$2.77M 0.02%
61,033
-2,600
-4% -$118K
ETFC
515
DELISTED
E*Trade Financial Corporation
ETFC
$2.76M 0.02%
104,750
-7,700
-7% -$213K
BWLD
516
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$2.75M 0.02%
14,200
+5,500
+63% +$1.03M
RGA icon
517
Reinsurance Group of America
RGA
$16.1B
$2.75M 0.02%
30,300
+100
+0.3% +$9.4K
CDNS icon
518
Cadence Design Systems
CDNS
$93.4B
$2.74M 0.02%
132,710
-600
-0.5% -$12.2K
UGI icon
519
UGI
UGI
$7.33B
$2.74M 0.02%
78,700
+100
+0.1% +$3.49K
WCN
520
Waste Connections
WCN
$42B
$2.73M 0.02%
84,375
-300
-0.4% -$9.69K
UTHR icon
521
United Therapeutics
UTHR
$23.1B
$2.73M 0.02%
20,800
-300
-1% -$48.1K
SPLS
522
DELISTED
Staples Inc
SPLS
$2.73M 0.02%
232,331
-16,100
-6% -$227K
MSCI icon
523
MSCI
MSCI
$40.9B
$2.72M 0.02%
45,800
-5,400
-11% -$340K
KRC icon
524
Kilroy Realty
KRC
$4.42B
$2.72M 0.02%
41,700
+1,600
+4% +$109K
MNK
525
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$2.71M 0.02%
42,300
-3,100
-7% -$307K
19 20
21
22 23

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.