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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
AAN.A
826
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.06M 0.01%
29,300
-100
-0.3% -$3.61K
MDRX
827
DELISTED
Veradigm Inc. Common Stock
MDRX
$1.05M 0.01%
84,800
+7,300
+9% +$100K
CXT icon
828
Crane NXT
CXT
$3.07B
$1.05M 0.01%
64,582
+576
+0.9% +$10.6K
CEB
829
DELISTED
CEB Inc.
CEB
$1.05M 0.01%
15,300
+100
+0.7% +$7.72K
CATY icon
830
Cathay General Bancorp
CATY
$4.24B
$1.04M 0.01%
34,800
+900
+3% +$28.1K
AKRX
831
DELISTED
Akorn Inc
AKRX
$1.04M 0.01%
36,400
+400
+1% +$16.5K
VLY icon
832
Valley National Bancorp
VLY
$8.04B
$1.03M 0.01%
105,214
+4,600
+5% +$45.2K
CVG
833
DELISTED
Convergys
CVG
$1.03M 0.01%
44,800
-200
-0.4% -$4.76K
CAB
834
DELISTED
Cabela's Inc
CAB
$1.03M 0.01%
22,700
+800
+4% +$37.3K
UFS
835
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.03M 0.01%
28,800
-400
-1% -$15.8K
GEVO icon
836
Gevo
GEVO
$382M
$1.03M 0.01%
1,495
– –
INVX
837
Innovex International
INVX
$1.97B
$1.02M 0.01%
17,600
-100
-0.6% -$6.37K
PRI icon
838
Primerica
PRI
$9.89B
$1.02M 0.01%
22,700
-800
-3% -$35K
TXNM
839
TXNM Energy Inc
TXNM
$5.94B
$1.02M 0.01%
36,334
– –
SUNE
840
DELISTED
SUNEDISON, INC COM
SUNE
$1.02M 0.01%
141,900
+9,100
+7% +$163K
MUSA icon
841
Murphy USA
MUSA
$9.61B
$1.02M 0.01%
18,525
-900
-5% -$47.9K
URBN icon
842
Urban Outfitters
URBN
$6.59B
$1.01M 0.01%
34,319
-3,400
-9% -$109K
ESL
843
DELISTED
Esterline Technologies
ESL
$1.01M 0.01%
14,000
– –
CHS
844
DELISTED
Chicos FAS, Inc.
CHS
$1M 0.01%
63,600
-1,700
-3% -$26.3K
QEP
845
DELISTED
QEP RESOURCES, INC.
QEP
$999K 0.01%
79,700
-700
-0.9% -$9.66K
VMI icon
846
Valmont Industries
VMI
$9.53B
$996K 0.01%
10,500
-200
-2% -$21.9K
SM icon
847
SM Energy
SM
$6.87B
$990K 0.01%
30,900
+200
+0.7% +$7.25K
WPG
848
DELISTED
Washington Prime Group Inc.
WPG
$984K 0.01%
9,380
– –
UNIT
849
Uniti Group
UNIT
$2.32B
$982K 0.01%
54,840
+200
+0.4% +$4.29K
WAFD icon
850
WaFd
WAFD
$2.75B
$976K 0.01%
42,923
-300
-0.7% -$6.87K
32 33
34
35 36

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.