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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
RIG icon
701
Transocean
RIG
$5.82B
$1.59M 0.01%
123,300
-9,200
-7% -$128K
CNI icon
702
Canadian National Railway
CNI
$76.6B
$1.59M 0.01%
+28,000
New +$1.63M
ARRS
703
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.59M 0.01%
61,200
+800
+1% +$22.7K
GME icon
704
GameStop
GME
$8.6B
$1.59M 0.01%
154,008
-11,600
-7% -$129K
CXW icon
705
CoreCivic
CXW
$3.19B
$1.57M 0.01%
53,312
– –
THOR
706
DELISTED
THORATEC CORPORATION
THOR
$1.57M 0.01%
24,900
+200
+0.8% +$11.9K
EXP icon
707
Eagle Materials
EXP
$6.57B
$1.57M 0.01%
23,000
+100
+0.4% +$7.81K
THG icon
708
Hanover Insurance
THG
$7.98B
$1.57M 0.01%
20,150
– –
TECH icon
709
Bio-Techne
TECH
$11.3B
$1.56M 0.01%
67,600
– –
CNK icon
710
Cinemark Holdings
CNK
$4.32B
$1.56M 0.01%
48,000
+100
+0.2% +$3.72K
WYNN icon
711
Wynn Resorts
WYNN
$10.6B
$1.56M 0.01%
29,374
-2,200
-7% -$191K
PRXL
712
DELISTED
Parexel International Corp
PRXL
$1.55M 0.01%
+25,100
New +$1.69M
STR
713
DELISTED
QUESTAR CORP
STR
$1.55M 0.01%
80,071
– –
KEX icon
714
Kirby Corp
KEX
$6.93B
$1.55M 0.01%
25,000
-400
-2% -$28.3K
OZK icon
715
Bank OZK
OZK
$5.61B
$1.54M 0.01%
35,100
+3,100
+10% +$135K
ATML
716
DELISTED
ATMEL CORP
ATML
$1.54M 0.01%
190,330
+200
+0.1% +$1.66K
GRMN
717
Garmin
GRMN
$60B
$1.53M 0.01%
42,746
-4,000
-9% -$159K
MDU icon
718
MDU Resources
MDU
$4.32B
$1.53M 0.01%
233,697
+263
+0.1% +$1.79K
WEX icon
719
WEX
WEX
$6.31B
$1.53M 0.01%
17,600
– –
THS
720
DELISTED
Treehouse Foods
THS
$1.52M 0.01%
19,600
+100
+0.5% +$8.01K
NAVI icon
721
Navient
NAVI
$853M
$1.52M 0.01%
135,425
-15,500
-10% -$227K
CLGX
722
DELISTED
Corelogic, Inc.
CLGX
$1.51M 0.01%
40,700
-400
-1% -$15.5K
FHN icon
723
First Horizon
FHN
$12.1B
$1.51M 0.01%
106,483
+100
+0.1% +$1.51K
TTC icon
724
Toro Company
TTC
$9.49B
$1.51M 0.01%
+42,800
New +$1.49M
ESV
725
DELISTED
Ensco Rowan plc
ESV
$1.49M 0.01%
26,520
-17,950
-40% -$1.24M
27 28
29
30 31

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.