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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
MOH icon
776
Molina Healthcare
MOH
$10.3B
$1.28M 0.01%
18,600
+300
+2% +$22.3K
VSTO
777
DELISTED
Vista Outdoor Inc.
VSTO
$1.28M 0.01%
28,800
-200
-0.7% -$9.13K
SXT icon
778
Sensient Technologies
SXT
$5.53B
$1.28M 0.01%
20,870
-400
-2% -$26.3K
ZAYO
779
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$1.28M 0.01%
+50,442
New +$1.36M
AEO icon
780
American Eagle Outfitters
AEO
$3.01B
$1.28M 0.01%
81,675
+1,500
+2% +$25.6K
DLX icon
781
Deluxe
DLX
$1.15B
$1.27M 0.01%
22,762
– –
RYN icon
782
Rayonier
RYN
$6.55B
$1.26M 0.01%
63,168
-551
-0.9% -$11.9K
BIO icon
783
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.26M 0.01%
9,400
– –
BOH icon
784
Bank of Hawaii
BOH
$3.13B
$1.26M 0.01%
19,890
– –
LSTR icon
785
Landstar System
LSTR
$6.21B
$1.26M 0.01%
19,900
-300
-1% -$20.4K
NBR icon
786
Nabors Industries
NBR
$1.21B
$1.26M 0.01%
2,657
– –
FHI icon
787
Federated Hermes
FHI
$4.72B
$1.25M 0.01%
43,400
-100
-0.2% -$3.2K
IPGP icon
788
IPG Photonics
IPGP
$3.84B
$1.25M 0.01%
16,500
+200
+1% +$17K
SMG icon
789
ScottsMiracle-Gro
SMG
$3.66B
$1.25M 0.01%
20,575
+200
+1% +$12.4K
CNW
790
DELISTED
CON-WAY INC.
CNW
$1.24M 0.01%
26,050
-200
-0.8% -$7.84K
ASB icon
791
Associated Banc-Corp
ASB
$5.91B
$1.23M 0.01%
68,489
-1,000
-1% -$19.1K
GHC icon
792
Graham Holdings Company
GHC
$5.02B
$1.21M 0.01%
2,100
-1,210
-37% -$799K
OI icon
793
O-I Glass
OI
$1.08B
$1.2M 0.01%
58,018
-4,500
-7% -$95.7K
CMP icon
794
Compass Minerals
CMP
$1.15B
$1.2M 0.01%
15,300
– –
LDOS icon
795
Leidos
LDOS
$17.3B
$1.2M 0.01%
29,025
+600
+2% +$25K
FICO icon
796
Fair Isaac
FICO
$22.5B
$1.19M 0.01%
14,100
– –
SWI
797
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$1.19M 0.01%
30,300
– –
AVNT icon
798
Avient
AVNT
$4.19B
$1.19M 0.01%
40,400
-200
-0.5% -$6.76K
WKC icon
799
World Kinect Corp
WKC
$1.86B
$1.17M 0.01%
32,800
-100
-0.3% -$4.16K
CIEN icon
800
Ciena
CIEN
$58.4B
$1.17M 0.01%
56,300
+2,700
+5% +$62.8K
30 31
32
33 34

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.