We are live on ! Find out more
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
FULT icon
851
Fulton Financial
FULT
$4.64B
$964K 0.01%
79,700
-800
-1% -$10.1K
HWC icon
852
Hancock Whitney
HWC
$6.24B
$960K 0.01%
35,500
– –
SLGN icon
853
Silgan Holdings
SLGN
$4.41B
$959K 0.01%
36,862
-1,200
-3% -$31.7K
TIME
854
DELISTED
Time Inc.
TIME
$951K 0.01%
49,937
– –
CADE
855
DELISTED
Cadence Bank
CADE
$941K 0.01%
39,600
+500
+1% +$12.3K
TGI
856
DELISTED
Triumph Group
TGI
$938K 0.01%
22,300
-100
-0.4% -$5.35K
SAM icon
857
Boston Beer
SAM
$1.92B
$927K 0.01%
4,400
+200
+5% +$44.2K
LPX icon
858
Louisiana-Pacific
LPX
$5.49B
$926K 0.01%
64,999
+100
+0.2% +$1.59K
TKR icon
859
Timken Company
TKR
$9.03B
$921K 0.01%
33,500
+400
+1% +$12.8K
ACH
860
Accendra Health
ACH
$214M
$917K 0.01%
28,700
-100
-0.3% -$3.4K
RDC
861
DELISTED
Rowan Companies Plc
RDC
$917K 0.01%
56,800
– –
JNS
862
DELISTED
Janus Capital Group Inc
JNS
$913K 0.01%
67,100
-300
-0.4% -$4.67K
UE icon
863
Urban Edge Properties
UE
$2.73B
$907K 0.01%
42,000
-100
-0.2% -$2.14K
BDC icon
864
Belden
BDC
$5.19B
$906K 0.01%
19,400
– –
CDP icon
865
COPT Defense Properties
CDP
$4.21B
$906K 0.01%
43,100
– –
CBT icon
866
Cabot Corp
CBT
$4.52B
$905K 0.01%
28,680
-200
-0.7% -$6.93K
KMT icon
867
Kennametal
KMT
$2.52B
$900K 0.01%
36,160
– –
WEN icon
868
Wendy's
WEN
$1.46B
$900K 0.01%
104,043
-20,040
-16% -$194K
BID
869
DELISTED
Sotheby's
BID
$896K 0.01%
28,027
-100
-0.4% -$3.83K
TEX icon
870
Terex
TEX
$7.74B
$883K 0.01%
49,200
+1,300
+3% +$28.4K
PTEN icon
871
Patterson-UTI
PTEN
$3.76B
$882K 0.01%
67,100
-300
-0.4% -$4.75K
DBD
872
DELISTED
Diebold Nixdorf Incorporated
DBD
$882K 0.01%
29,630
+100
+0.3% +$3.25K
GATX icon
873
GATX Corp
GATX
$6.27B
$874K 0.01%
19,790
-200
-1% -$9.91K
HNI icon
874
HNI Corp
HNI
$3.59B
$868K 0.01%
20,240
– –
TPH
875
DELISTED
Tri Pointe Homes
TPH
$868K 0.01%
+66,300
New +$960K
33 34
35
36 37

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.