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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
TCF
801
DELISTED
TCF Financial Corporation
TCF
$1.17M 0.01%
76,960
– –
DAN icon
802
Dana Inc
DAN
$3.06B
$1.16M 0.01%
73,100
-1,200
-2% -$21.7K
CST
803
DELISTED
CST Brands, Inc.
CST
$1.16M 0.01%
34,484
-600
-2% -$21.7K
ROL icon
804
Rollins
ROL
$18.2B
$1.15M 0.01%
96,613
-2,025
-2% -$25.5K
RRX icon
805
Regal Rexnord
RRX
$11.9B
$1.15M 0.01%
20,400
– –
WOLF icon
806
Wolfspeed
WOLF
$1.71B
$1.15M 0.01%
47,400
-2,300
-5% -$58.8K
BIG
807
DELISTED
Big Lots, Inc.
BIG
$1.14M 0.01%
23,800
-800
-3% -$35.6K
ACIW icon
808
ACI Worldwide
ACIW
$5.42B
$1.13M 0.01%
53,550
+400
+0.8% +$9.02K
TUP
809
DELISTED
Tupperware Brands Corporation
TUP
$1.12M 0.01%
22,687
– –
MENT
810
DELISTED
Mentor Graphics Corp
MENT
$1.12M 0.01%
45,360
+300
+0.7% +$7.66K
CAKE icon
811
Cheesecake Factory
CAKE
$5.33B
$1.11M 0.01%
20,599
-100
-0.5% -$5.49K
KATE
812
DELISTED
Kate Spade & Company
KATE
$1.11M 0.01%
58,200
– –
UNFI icon
813
United Natural Foods
UNFI
$2.85B
$1.11M 0.01%
22,800
– –
TECD
814
DELISTED
Tech Data Corp
TECD
$1.11M 0.01%
16,150
-600
-4% -$36.7K
ENR icon
815
Energizer
ENR
$1.55B
$1.1M 0.01%
+28,344
New +$1.13M
KBR icon
816
KBR
KBR
$4.8B
$1.09M 0.01%
65,742
– –
CLC
817
DELISTED
Clarcor
CLC
$1.09M 0.01%
22,900
– –
CTLT
818
DELISTED
CATALENT, INC.
CTLT
$1.09M 0.01%
+44,700
New +$1.36M
TDS icon
819
Telephone and Data Systems
TDS
$3.75B
$1.08M 0.01%
43,236
-1,600
-4% -$44.9K
ASNA
820
DELISTED
Ascena Retail Group, Inc.
ASNA
$1.08M 0.01%
3,874
+869
+29% +$227K
OGS icon
821
ONE Gas
OGS
$5.04B
$1.08M 0.01%
23,757
-200
-0.8% -$8.76K
THO icon
822
Thor Industries
THO
$4.14B
$1.08M 0.01%
20,800
– –
CCP
823
DELISTED
Care Capital Properties, Inc.
CCP
$1.07M 0.01%
+32,500
New +$1.05M
WWD icon
824
Woodward
WWD
$21.4B
$1.07M 0.01%
26,200
-300
-1% -$14.2K
CLH icon
825
Clean Harbors
CLH
$16.3B
$1.06M 0.01%
24,200
-100
-0.4% -$4.96K
31 32
33
34 35

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.