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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
WRI
676
DELISTED
Weingarten Realty Investors
WRI
$1.72M 0.01%
51,800
-100
-0.2% -$3.35K
ENH
677
DELISTED
Endurance Specialty Holdings Ltd
ENH
$1.68M 0.01%
+27,600
New +$1.8M
NEU icon
678
NewMarket
NEU
$8.18B
$1.68M 0.01%
4,700
-100
-2% -$40.5K
CBSH icon
679
Commerce Bancshares
CBSH
$8.5B
$1.68M 0.01%
62,930
-2,224
-3% -$59.7K
SNI
680
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$1.68M 0.01%
34,043
-2,800
-8% -$162K
GNW icon
681
Genworth Financial
GNW
$3.71B
$1.67M 0.01%
360,344
-287,200
-44% -$1.69M
HIW icon
682
Highwoods Properties
HIW
$3.47B
$1.66M 0.01%
42,800
– –
PTC icon
683
PTC
PTC
$16B
$1.66M 0.01%
52,139
-300
-0.6% -$10.7K
VYX icon
684
NCR Voyix
VYX
$1.14B
$1.65M 0.01%
118,403
-7,498
-6% -$125K
CNO icon
685
CNO Financial Group
CNO
$5.1B
$1.65M 0.01%
87,800
-1,900
-2% -$34.5K
FNFG
686
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$1.65M 0.01%
161,290
+800
+0.5% +$7.59K
SLH
687
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
$1.65M 0.01%
30,500
-100
-0.3% -$4.54K
LECO icon
688
Lincoln Electric
LECO
$15.4B
$1.65M 0.01%
31,400
-3,000
-9% -$176K
BRO icon
689
Brown & Brown
BRO
$23.9B
$1.65M 0.01%
106,200
+1,000
+1% +$16.4K
AN icon
690
AutoNation
AN
$6.92B
$1.64M 0.01%
28,221
-1,000
-3% -$60.8K
LM
691
DELISTED
Legg Mason, Inc.
LM
$1.64M 0.01%
39,376
+1,500
+4% +$69.5K
UMPQ
692
DELISTED
Umpqua Holdings Corp
UMPQ
$1.64M 0.01%
100,400
-100
-0.1% -$1.72K
CBRL icon
693
Cracker Barrel
CBRL
$1.29B
$1.64M 0.01%
+11,100
New +$1.66M
FMC icon
694
FMC
FMC
$1.33B
$1.63M 0.01%
55,554
-4,151
-7% -$161K
NDSN icon
695
Nordson
NDSN
$17.3B
$1.63M 0.01%
25,960
+200
+0.8% +$14.1K
NTCT icon
696
NETSCOUT
NTCT
$2.79B
$1.61M 0.01%
+45,400
New +$1.72M
AGCO icon
697
AGCO
AGCO
$7.2B
$1.6M 0.01%
34,400
-2,100
-6% -$108K
CFR icon
698
Cullen/Frost Bankers
CFR
$10.2B
$1.6M 0.01%
25,200
+200
+0.8% +$13.6K
LYV icon
699
Live Nation Entertainment
LYV
$42.1B
$1.6M 0.01%
66,400
-100
-0.2% -$2.56K
TRN icon
700
Trinity Industries
TRN
$2.38B
$1.59M 0.01%
97,638
-417
-0.4% -$7.91K
26 27
28
29 30

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.