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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
DNKN
601
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.13M 0.02%
43,400
-400
-0.9% -$20.7K
BEAV
602
DELISTED
B/E Aerospace Inc
BEAV
$2.13M 0.02%
48,400
– –
HNT
603
DELISTED
HEALTH NET INC
HNT
$2.12M 0.02%
35,268
+100
+0.3% +$6.63K
CPGX
604
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
$2.1M 0.02%
+114,766
New +$2.99M
AIV
605
Aimco
AIV
$383M
$2.09M 0.02%
423,294
-31,528
-7% -$159K
FLO icon
606
Flowers Foods
FLO
$1.57B
$2.08M 0.02%
84,250
– –
MANH icon
607
Manhattan Associates
MANH
$11.4B
$2.08M 0.02%
33,400
-200
-0.6% -$12.5K
LII icon
608
Lennox International
LII
$15.2B
$2.07M 0.02%
18,300
-600
-3% -$70.4K
URI icon
609
United Rentals
URI
$72.4B
$2.07M 0.02%
34,500
-3,100
-8% -$215K
GNTX icon
610
Gentex
GNTX
$5.07B
$2.07M 0.02%
133,400
-600
-0.4% -$9.53K
LEG icon
611
Leggett & Platt
LEG
$1.31B
$2.04M 0.02%
49,425
-4,000
-7% -$187K
ZION icon
612
Zions Bancorporation
ZION
$10.3B
$2.03M 0.02%
73,738
-5,100
-6% -$151K
AMCX icon
613
AMC Global Media
AMCX
$489M
$2.02M 0.02%
27,650
+600
+2% +$46.3K
BC icon
614
Brunswick
BC
$5.28B
$2.01M 0.02%
41,900
-300
-0.7% -$15.3K
SGI
615
Somnigroup International
SGI
$13.7B
$2.01M 0.02%
112,400
+1,200
+1% +$22K
FTR
616
DELISTED
Frontier Communications Corp.
FTR
$2M 0.02%
28,098
-1,720
-6% -$130K
ALLE icon
617
Allegion
ALLE
$14.4B
$2M 0.02%
34,605
-2,500
-7% -$152K
FLS icon
618
Flowserve
FLS
$10.2B
$1.98M 0.02%
48,175
-4,100
-8% -$188K
HME
619
DELISTED
HOME PROPERTIES, INC
HME
$1.98M 0.02%
26,500
+100
+0.4% +$7.4K
PACW
620
DELISTED
PacWest Bancorp
PACW
$1.98M 0.02%
46,200
+1,600
+4% +$71.7K
WPP icon
621
WPP
WPP
$5.94B
$1.98M 0.02%
19,000
-43,000
-69% -$4.7M
JBL icon
622
Jabil
JBL
$35.8B
$1.97M 0.02%
88,200
-100
-0.1% -$1.99K
HUB.B
623
DELISTED
HUBBELL INC CL-B
HUB.B
$1.97M 0.02%
23,214
-1,000
-4% -$99.9K
RRC icon
624
Range Resources
RRC
$8.95B
$1.96M 0.02%
61,123
-3,500
-5% -$137K
ARO
625
DELISTED
Aeropostale Inc
ARO
$1.96M 0.02%
3,155,500
-602,700
-16% -$760K
23 24
25
26 27

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.