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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
ZBRA icon
651
Zebra Technologies
ZBRA
$17.8B
$1.81M 0.01%
23,700
+100
+0.4% +$9.43K
CASY icon
652
Casey's General Stores
CASY
$30.9B
$1.81M 0.01%
17,600
+100
+0.6% +$10.4K
RS icon
653
Reliance Steel & Aluminium
RS
$21.6B
$1.8M 0.01%
33,400
-400
-1% -$23.4K
EV
654
DELISTED
Eaton Vance Corp.
EV
$1.79M 0.01%
53,500
-200
-0.4% -$7.36K
MMS icon
655
Maximus
MMS
$3.1B
$1.79M 0.01%
30,000
– –
PWR icon
656
Quanta Services
PWR
$101B
$1.79M 0.01%
73,822
-8,300
-10% -$211K
EGN
657
DELISTED
Energen
EGN
$1.78M 0.01%
35,800
– –
SNV
658
DELISTED
Synovus
SNV
$1.78M 0.01%
60,205
-500
-0.8% -$15.3K
WST icon
659
West Pharmaceutical
WST
$24.9B
$1.78M 0.01%
+32,900
New +$1.92M
NRG icon
660
NRG Energy
NRG
$24.8B
$1.77M 0.01%
119,436
-9,900
-8% -$197K
NWSA icon
661
News Corp Class A
NWSA
$15.4B
$1.77M 0.01%
140,219
-54,000
-28% -$751K
HCBK
662
DELISTED
HUDSON CITY BANCORP INC
HCBK
$1.77M 0.01%
173,922
-13,000
-7% -$128K
STE icon
663
Steris
STE
$23.1B
$1.77M 0.01%
27,200
– –
GGG icon
664
Graco
GGG
$13.5B
$1.76M 0.01%
78,900
-1,200
-1% -$27.7K
SWN
665
DELISTED
Southwestern Energy Company
SWN
$1.76M 0.01%
138,791
-11,300
-8% -$196K
PBCT
666
DELISTED
People's United Financial Inc
PBCT
$1.76M 0.01%
111,971
-7,900
-7% -$125K
SVC
667
Service Properties Trust
SVC
$1.07B
$1.76M 0.01%
13,856
+100
+0.7% +$13.5K
ANF icon
668
Abercrombie & Fitch
ANF
$5B
$1.76M 0.01%
82,862
-160,600
-66% -$3.26M
BMS
669
DELISTED
Bemis
BMS
$1.75M 0.01%
44,300
-100
-0.2% -$4.39K
OII icon
670
Oceaneering
OII
$4.77B
$1.75M 0.01%
44,600
-400
-0.9% -$16.6K
DHC
671
Diversified Healthcare Trust
DHC
$2.14B
$1.75M 0.01%
108,871
+807
+0.7% +$13.3K
SON icon
672
Sonoco
SON
$5.74B
$1.74M 0.01%
46,011
– –
WCG
673
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.73M 0.01%
20,100
– –
TER icon
674
Teradyne
TER
$59.3B
$1.73M 0.01%
96,100
-1,600
-2% -$29.5K
ORI icon
675
Old Republic International
ORI
$10.4B
$1.72M 0.01%
109,927
– –
25 26
27
28 29

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.