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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
DIS icon
51
Walt Disney
DIS
$181B
$57.3M 0.44%
560,725
-44,700
-7% -$4.87M
LMT icon
52
Lockheed Martin
LMT
$136B
$55.4M 0.43%
267,327
-46,200
-15% -$9.4M
VIAB
53
DELISTED
Viacom Inc. Class B
VIAB
$54.8M 0.42%
1,270,704
+864,200
+213% +$42.8M
CVX icon
54
Chevron
CVX
$366B
$53.6M 0.41%
679,304
-50,000
-7% -$4.21M
HON icon
55
Honeywell
HON
$78B
$52.2M 0.4%
613,816
+80,240
+15% +$7.3M
ORCL icon
56
Oracle
ORCL
$423B
$51.2M 0.4%
1,417,948
-153,900
-10% -$5.92M
PEP icon
57
PepsiCo
PEP
$190B
$50M 0.39%
530,573
-41,900
-7% -$3.99M
V icon
58
Visa
V
$677B
$50M 0.39%
718,080
-38,800
-5% -$2.77M
UNH icon
59
UnitedHealth
UNH
$370B
$43.4M 0.34%
374,313
-24,900
-6% -$2.98M
GD icon
60
General Dynamics
GD
$106B
$39M 0.3%
282,911
-11,400
-4% -$1.65M
AGN
61
DELISTED
Allergan plc
AGN
$38.6M 0.3%
142,052
-10,200
-7% -$3.13M
RTN
62
DELISTED
Raytheon Company
RTN
$38.6M 0.3%
353,316
+31,700
+10% +$3.31M
MCK icon
63
McKesson
MCK
$101B
$38.1M 0.29%
205,653
+114,700
+126% +$24.3M
AMGN icon
64
Amgen
AMGN
$222B
$37.9M 0.29%
273,862
-21,000
-7% -$3.31M
EMR icon
65
Emerson Electric
EMR
$88.3B
$37.5M 0.29%
849,827
+89,800
+12% +$4.42M
STJ
66
DELISTED
St Jude Medical
STJ
$36.8M 0.28%
582,983
+321,400
+123% +$22.9M
NOC icon
67
Northrop Grumman
NOC
$81.2B
$35.8M 0.28%
215,789
-7,400
-3% -$1.24M
UPS icon
68
United Parcel Service
UPS
$88.9B
$35.3M 0.27%
358,062
-31,100
-8% -$3.07M
MDT icon
69
Medtronic
MDT
$112B
$34.2M 0.26%
510,790
-41,900
-8% -$3.09M
DAL icon
70
Delta Air Lines
DAL
$60.1B
$34.1M 0.26%
759,100
+440,600
+138% +$19.8M
MMM icon
71
3M
MMM
$94.3B
$34M 0.26%
286,863
-32,306
-10% -$3.97M
MCD icon
72
McDonald's
MCD
$195B
$33.5M 0.26%
340,389
-31,400
-8% -$3.06M
MA icon
73
Mastercard
MA
$493B
$32.9M 0.25%
365,100
-16,200
-4% -$1.52M
ABBV icon
74
AbbVie
ABBV
$435B
$32.6M 0.25%
598,963
-67,900
-10% -$4.42M
CAH icon
75
Cardinal Health
CAH
$55.4B
$31.3M 0.24%
407,431
-10,000
-2% -$836K
1 2
3
4 5

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.