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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
CYN
626
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.95M 0.02%
22,159
+100
+0.5% +$8.87K
WOOF
627
DELISTED
VCA Inc.
WOOF
$1.94M 0.02%
36,900
-500
-1% -$28K
OA
628
DELISTED
Orbital ATK, Inc.
OA
$1.94M 0.02%
27,000
-100
-0.4% -$7.42K
NFX
629
DELISTED
Newfield Exploration
NFX
$1.94M 0.02%
58,872
-4,300
-7% -$144K
ODFL icon
630
Old Dominion Freight Line
ODFL
$44.9B
$1.93M 0.02%
95,100
+2,400
+3% +$54.5K
IM
631
DELISTED
Ingram Micro
IM
$1.93M 0.01%
70,900
-300
-0.4% -$7.8K
FAF icon
632
First American
FAF
$7.58B
$1.93M 0.01%
49,400
– –
TRMB icon
633
Trimble
TRMB
$13.9B
$1.92M 0.01%
117,200
-1,000
-0.8% -$20.2K
NFG icon
634
National Fuel Gas
NFG
$7.65B
$1.92M 0.01%
38,480
– –
TCO
635
DELISTED
Taubman Centers Inc.
TCO
$1.92M 0.01%
27,800
-400
-1% -$28.4K
GRC icon
636
Gorman-Rupp
GRC
$2.21B
$1.92M 0.01%
80,000
+26,500
+50% +$656K
AIZ icon
637
Assurant
AIZ
$14.3B
$1.91M 0.01%
24,197
-2,100
-8% -$157K
GXP
638
DELISTED
Great Plains Energy Incorporated
GXP
$1.9M 0.01%
70,210
-200
-0.3% -$5.12K
STLD icon
639
Steel Dynamics
STLD
$37.6B
$1.89M 0.01%
110,200
– –
ACM icon
640
Aecom
ACM
$9.75B
$1.89M 0.01%
68,600
+100
+0.1% +$2.9K
ALGN icon
641
Align Technology
ALGN
$12.3B
$1.88M 0.01%
33,200
+100
+0.3% +$5.96K
ATR icon
642
AptarGroup
ATR
$8.61B
$1.88M 0.01%
28,500
– –
RVTY icon
643
Revvity
RVTY
$12.8B
$1.88M 0.01%
40,841
-3,100
-7% -$154K
AVY icon
644
Avery Dennison
AVY
$13.4B
$1.86M 0.01%
32,950
-279,100
-89% -$16.8M
ACC
645
DELISTED
American Campus Communities, Inc.
ACC
$1.85M 0.01%
51,200
– –
BMR
646
DELISTED
BIOMED REALTY TRUST INC
BMR
$1.84M 0.01%
92,100
-600
-0.6% -$12K
HP icon
647
Helmerich & Payne
HP
$3.71B
$1.84M 0.01%
38,880
-2,900
-7% -$164K
ADT
648
DELISTED
ADT Corp
ADT
$1.84M 0.01%
61,392
-5,000
-8% -$162K
TGNA
649
DELISTED
TEGNA Inc
TGNA
$1.83M 0.01%
127,638
-9,843
-7% -$167K
DEI icon
650
Douglas Emmett
DEI
$1.96B
$1.81M 0.01%
63,200
+700
+1% +$20.3K
24 25
26
27 28

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.