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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
WBS icon
726
Webster Financial
WBS
$12.8B
$1.49M 0.01%
41,750
+400
+1% +$14.9K
IDA icon
727
Idacorp
IDA
$8.2B
$1.49M 0.01%
22,980
– –
POST icon
728
Post Holdings
POST
$3.57B
$1.48M 0.01%
38,353
+153
+0.4% +$6.01K
TDC icon
729
Teradata
TDC
$2.55B
$1.48M 0.01%
51,112
-4,000
-7% -$128K
CNL
730
DELISTED
CLECO CRP (HOLDING CO)
CNL
$1.46M 0.01%
27,500
-100
-0.4% -$5.39K
LHO
731
DELISTED
LaSalle Hotel Properties
LHO
$1.46M 0.01%
51,500
– –
GPOR
732
DELISTED
Gulfport Energy Corp.
GPOR
$1.46M 0.01%
49,200
+600
+1% +$20.7K
TDY icon
733
Teledyne Technologies
TDY
$32B
$1.45M 0.01%
16,100
– –
PB icon
734
Prosperity Bancshares
PB
$8.89B
$1.45M 0.01%
29,500
+2,100
+8% +$111K
EAT icon
735
Brinker International
EAT
$9.66B
$1.45M 0.01%
27,477
-400
-1% -$22.3K
PBI icon
736
Pitney Bowes
PBI
$2.39B
$1.45M 0.01%
72,859
-5,400
-7% -$111K
CPRT icon
737
Copart
CPRT
$27.5B
$1.44M 0.01%
350,816
-64,000
-15% -$283K
ODP
738
DELISTED
ODP
ODP
$1.44M 0.01%
22,460
– –
PAY
739
DELISTED
Verifone Systems Inc
PAY
$1.44M 0.01%
52,000
-100
-0.2% -$3.12K
SKT icon
740
Tanger
SKT
$4.52B
$1.44M 0.01%
43,700
– –
SLM icon
741
SLM Corp
SLM
$5.15B
$1.44M 0.01%
193,925
– –
LPNT
742
DELISTED
LifePoint Health, Inc.
LPNT
$1.43M 0.01%
20,200
– –
R icon
743
Ryder
R
$10.1B
$1.43M 0.01%
19,291
-1,400
-7% -$119K
GWR
744
DELISTED
Genesee & Wyoming Inc.
GWR
$1.42M 0.01%
24,100
+700
+3% +$48.3K
MUR icon
745
Murphy Oil
MUR
$4.78B
$1.42M 0.01%
58,801
-6,100
-9% -$195K
WNR
746
DELISTED
Western Refining Inc
WNR
$1.42M 0.01%
32,200
– –
FLIR
747
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.42M 0.01%
50,681
-3,700
-7% -$109K
WBD icon
748
Warner Bros
WBD
$67.1B
$1.4M 0.01%
53,937
-3,900
-7% -$115K
WSO icon
749
Watsco Inc
WSO
$13.6B
$1.4M 0.01%
11,800
-700
-6% -$87.3K
RGLD icon
750
Royal Gold
RGLD
$19.5B
$1.4M 0.01%
29,700
– –
28 29
30
31 32

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.