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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
SIVB
526
DELISTED
SVB Financial Group
SIVB
$2.7M 0.02%
23,400
+100
+0.4% +$13.4K
DPZ icon
527
Domino's
DPZ
$11.6B
$2.69M 0.02%
24,900
-200
-0.8% -$22.2K
ATO icon
528
Atmos Energy
ATO
$28.8B
$2.68M 0.02%
46,100
+100
+0.2% +$5.49K
PKG icon
529
Packaging Corp of America
PKG
$22.8B
$2.68M 0.02%
44,500
-600
-1% -$40.1K
REG icon
530
Regency Centers
REG
$14.1B
$2.67M 0.02%
42,900
-100
-0.2% -$6.17K
GAS
531
DELISTED
AGL Resources Inc
GAS
$2.65M 0.02%
43,441
-3,100
-7% -$166K
CMA
532
DELISTED
Comerica
CMA
$2.64M 0.02%
64,276
-4,800
-7% -$218K
VAR
533
DELISTED
Varian Medical Systems, Inc.
VAR
$2.63M 0.02%
40,655
-3,535
-8% -$258K
AVT icon
534
Avnet
AVT
$7.92B
$2.61M 0.02%
61,240
-600
-1% -$25K
CVC
535
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$2.6M 0.02%
80,212
-5,300
-6% -$144K
CSL icon
536
Carlisle Companies
CSL
$15.4B
$2.6M 0.02%
29,720
– –
OHI icon
537
Omega Healthcare
OHI
$14.7B
$2.59M 0.02%
73,700
+400
+0.5% +$14K
MAT icon
538
Mattel
MAT
$4.23B
$2.58M 0.02%
122,289
-8,900
-7% -$208K
TRIP icon
539
TripAdvisor
TRIP
$1.26B
$2.57M 0.02%
40,838
-2,600
-6% -$197K
FTI icon
540
TechnipFMC
FTI
$27.3B
$2.57M 0.02%
111,436
-8,871
-7% -$223K
PNW icon
541
Pinnacle West Capital
PNW
$12.2B
$2.57M 0.02%
40,023
-2,900
-7% -$177K
JKHY icon
542
Jack Henry & Associates
JKHY
$11.1B
$2.56M 0.02%
36,850
-400
-1% -$27.5K
XRAY icon
543
Dentsply Sirona
XRAY
$2.43B
$2.55M 0.02%
50,489
-3,700
-7% -$197K
VRSN icon
544
VeriSign
VRSN
$26.6B
$2.55M 0.02%
36,153
-4,500
-11% -$307K
RL icon
545
Ralph Lauren
RL
$23.6B
$2.54M 0.02%
21,533
-1,900
-8% -$226K
RPM icon
546
RPM International
RPM
$15B
$2.54M 0.02%
60,718
– –
NVR icon
547
NVR
NVR
$17B
$2.54M 0.02%
1,664
-100
-6% -$149K
CBOE icon
548
Cboe Global Markets
CBOE
$29.9B
$2.53M 0.02%
37,700
-300
-0.8% -$18.9K
TOL icon
549
Toll Brothers
TOL
$14.5B
$2.52M 0.02%
73,700
+700
+1% +$26.5K
EWBC icon
550
East-West Bancorp
EWBC
$18B
$2.52M 0.02%
65,600
-400
-0.6% -$16.9K
20 21
22
23 24

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.