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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
DECK icon
876
Deckers Outdoor
DECK
$13.3B
$865K 0.01%
89,400
-1,800
-2% -$20.1K
SPN
877
DELISTED
Superior Energy Services, Inc.
SPN
$865K 0.01%
6,850
– –
MZTI
878
The Marzetti Company
MZTI
$3.11B
$860K 0.01%
8,820
– –
KLXI
879
DELISTED
KLX Inc.
KLXI
$858K 0.01%
28,464
– –
BKH icon
880
Black Hills Corp
BKH
$5.69B
$843K 0.01%
20,390
– –
HSNI
881
DELISTED
HSN, Inc.
HSNI
$841K 0.01%
14,700
-100
-0.7% -$6.5K
WT icon
882
WisdomTree
WT
$3.22B
$840K 0.01%
52,100
+900
+2% +$18.9K
CABO icon
883
Cable One
CABO
$212M
$839K 0.01%
+2,000
New +$828K
SVU
884
DELISTED
SUPERVALU Inc.
SVU
$839K 0.01%
16,700
+3,243
+24% +$186K
MCY icon
885
Mercury Insurance
MCY
$6.07B
$838K 0.01%
16,600
– –
FOSL icon
886
Fossil Group
FOSL
$318M
$837K 0.01%
14,980
-1,700
-10% -$108K
EQY
887
DELISTED
Equity One
EQY
$830K 0.01%
34,100
-2,500
-7% -$60.9K
IDCC icon
888
InterDigital
IDCC
$8.89B
$825K 0.01%
16,300
-100
-0.6% -$5.16K
POLY
889
DELISTED
Plantronics, Inc.
POLY
$819K 0.01%
16,100
-1,700
-10% -$92.9K
LOGM
890
DELISTED
LogMein, Inc.
LOGM
$818K 0.01%
12,000
-6,000
-33% -$398K
LXK
891
DELISTED
Lexmark Intl Inc
LXK
$811K 0.01%
28,000
+100
+0.4% +$3.38K
CNX icon
892
CNX Resources
CNX
$5.2B
$810K 0.01%
99,170
-7,320
-7% -$90.9K
NGVC icon
893
Vitamin Cottage Natural Grocers
NGVC
$654M
$794K 0.01%
+35,000
New +$841K
FCN icon
894
FTI Consulting
FCN
$4.18B
$793K 0.01%
19,100
+100
+0.5% +$4.12K
KMPR icon
895
Kemper
KMPR
$1.68B
$787K 0.01%
22,250
-200
-0.9% -$7.45K
MLKN icon
896
MillerKnoll
MLKN
$1.67B
$782K 0.01%
27,130
– –
VRE
897
DELISTED
Veris Residential
VRE
$761K 0.01%
40,300
+2,100
+5% +$41.3K
MTX icon
898
Minerals Technologies
MTX
$2.34B
$760K 0.01%
15,780
– –
SLAB icon
899
Silicon Laboratories
SLAB
$7.23B
$756K 0.01%
18,200
+100
+0.6% +$4.57K
SAIC icon
900
Saic
SAIC
$5.35B
$755K 0.01%
18,785
+800
+4% +$38.9K
34 35
36
37 38

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.