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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
EPC icon
576
Edgewell Personal Care
EPC
$1.31B
$2.31M 0.02%
28,344
– –
CYH icon
577
Community Health Systems
CYH
$423M
$2.3M 0.02%
65,091
– –
TYL icon
578
Tyler Technologies
TYL
$12.8B
$2.3M 0.02%
15,400
+100
+0.7% +$14.1K
NDAQ icon
579
Nasdaq
NDAQ
$52.9B
$2.28M 0.02%
128,085
-9,600
-7% -$165K
AFG icon
580
American Financial Group
AFG
$12.1B
$2.27M 0.02%
32,890
-800
-2% -$55.3K
DISCK
581
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.26M 0.02%
93,177
-8,100
-8% -$225K
GMCR
582
DELISTED
KEURIG GREEN MTN INC
GMCR
$2.26M 0.02%
43,300
-1,500
-3% -$92.3K
ALB icon
583
Albemarle
ALB
$15.5B
$2.25M 0.02%
51,120
– –
AOS icon
584
A.O. Smith
AOS
$8.7B
$2.24M 0.02%
68,800
+600
+0.9% +$20.5K
TE
585
DELISTED
TECO ENERGY INC
TE
$2.23M 0.02%
84,948
-6,200
-7% -$139K
RNR icon
586
RenaissanceRe
RNR
$13.4B
$2.22M 0.02%
20,900
-100
-0.5% -$10.5K
NNN icon
587
NNN REIT
NNN
$8.99B
$2.22M 0.02%
61,200
+100
+0.2% +$3.63K
POM
588
DELISTED
PEPCO HOLDINGS, INC.
POM
$2.22M 0.02%
91,622
-6,400
-7% -$163K
FLR icon
589
Fluor
FLR
$7.96B
$2.22M 0.02%
52,373
-4,800
-8% -$225K
SFG
590
DELISTED
STANCORP FINL GRP
SFG
$2.19M 0.02%
19,200
– –
PHM icon
591
Pultegroup
PHM
$25.3B
$2.19M 0.02%
115,981
-11,300
-9% -$230K
ARG
592
DELISTED
Airgas Inc
ARG
$2.17M 0.02%
24,321
-2,000
-8% -$198K
PNRA
593
DELISTED
Panera Bread Co
PNRA
$2.17M 0.02%
11,200
-400
-3% -$74.6K
CRI icon
594
Carter's
CRI
$1.47B
$2.16M 0.02%
23,800
-100
-0.4% -$10K
XYL icon
595
Xylem
XYL
$28.1B
$2.15M 0.02%
65,544
-4,800
-7% -$161K
LPT
596
DELISTED
Liberty Property Trust
LPT
$2.15M 0.02%
68,200
+100
+0.1% +$3.25K
IRM icon
597
Iron Mountain
IRM
$36.1B
$2.15M 0.02%
69,230
-3,400
-5% -$101K
WTRG icon
598
Essential Utilities
WTRG
$11.4B
$2.13M 0.02%
80,616
-100
-0.1% -$2.56K
NI icon
599
NiSource
NI
$20.4B
$2.13M 0.02%
114,866
-198,337
-63% -$3.39M
DKS icon
600
Dick's Sporting Goods
DKS
$18.7B
$2.13M 0.02%
42,900
-1,400
-3% -$70.7K
22 23
24
25 26

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.