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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
IEX icon
551
IDEX
IEX
$17.3B
$2.52M 0.02%
35,300
-200
-0.6% -$14.7K
DCI icon
552
Donaldson
DCI
$11.4B
$2.5M 0.02%
89,220
+31,600
+55% +$1.01M
PCL
553
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$2.49M 0.02%
63,081
-5,000
-7% -$200K
OGE icon
554
OGE Energy
OGE
$9.71B
$2.48M 0.02%
90,820
-100
-0.1% -$2.85K
RHI icon
555
Robert Half
RHI
$4.37B
$2.48M 0.02%
48,560
-3,800
-7% -$205K
SCI icon
556
Service Corp International
SCI
$11.6B
$2.47M 0.02%
91,300
-800
-0.9% -$23.6K
GAP
557
The Gap Inc
GAP
$7.37B
$2.46M 0.02%
86,470
-15,500
-15% -$533K
HAR
558
DELISTED
Harman International Industries
HAR
$2.46M 0.02%
25,614
-2,000
-7% -$210K
JEF icon
559
Jefferies Financial Group
JEF
$13.1B
$2.46M 0.02%
135,546
-1,117
-0.8% -$22.4K
NE
560
DELISTED
Noble Corporation
NE
$2.46M 0.02%
225,340
+16,374
+8% +$206K
WRB icon
561
W.R. Berkley
WRB
$26.6B
$2.44M 0.02%
151,723
-1,688
-1% -$27.7K
OKE icon
562
Oneok
OKE
$54.5B
$2.43M 0.02%
75,530
-5,400
-7% -$197K
QRVO icon
563
Qorvo
QRVO
$8.74B
$2.43M 0.02%
53,900
-4,100
-7% -$247K
VAL
564
DELISTED
Valspar
VAL
$2.42M 0.02%
33,700
-400
-1% -$31.4K
AES icon
565
AES
AES
$10.5B
$2.41M 0.02%
246,525
-18,100
-7% -$219K
HAIN icon
566
Hain Celestial
HAIN
$53.7M
$2.41M 0.02%
46,700
– –
CYT
567
DELISTED
CYTEC INDS INC
CYT
$2.4M 0.02%
32,500
– –
GL icon
568
Globe Life
GL
$14.3B
$2.38M 0.02%
42,246
-6,700
-14% -$398K
KEYS icon
569
Keysight
KEYS
$58.3B
$2.38M 0.02%
77,000
-100
-0.1% -$3.12K
SIRO
570
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
$2.37M 0.02%
25,400
+100
+0.4% +$9.92K
JBHT icon
571
JB Hunt Transport Services
JBHT
$25.2B
$2.37M 0.02%
33,200
-2,500
-7% -$198K
TFX icon
572
Teleflex
TFX
$5.98B
$2.35M 0.02%
18,930
– –
HII icon
573
Huntington Ingalls Industries
HII
$12.8B
$2.33M 0.02%
21,734
-400
-2% -$45.6K
ULTI
574
DELISTED
Ultimate Software Group Inc
ULTI
$2.33M 0.02%
13,000
– –
WR
575
DELISTED
Westar Energy Inc
WR
$2.32M 0.02%
60,250
– –
21 22
23
24 25

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.