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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
KN icon
901
Knowles
KN
$3.34B
$743K 0.01%
40,311
+1,500
+4% +$25.6K
FCS
902
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$739K 0.01%
52,600
-400
-0.8% -$5.83K
MDP
903
DELISTED
Meredith Corporation
MDP
$728K 0.01%
17,100
+400
+2% +$19.1K
DNOW icon
904
DNOW Inc
DNOW
$2.99B
$721K 0.01%
48,727
-100
-0.2% -$1.74K
ALEX
905
DELISTED
Alexander & Baldwin
ALEX
$718K 0.01%
20,920
+200
+1% +$7.31K
CMC icon
906
Commercial Metals
CMC
$8.31B
$714K 0.01%
52,700
– –
TRMK icon
907
Trustmark
TRMK
$2.75B
$714K 0.01%
30,800
– –
DF
908
DELISTED
Dean Foods Company
DF
$710K 0.01%
42,950
– –
CVSA
909
Covista Inc
CVSA
$4.8B
$707K 0.01%
26,000
-100
-0.4% -$2.84K
ISIL
910
DELISTED
Intersil Corp
ISIL
$703K 0.01%
60,100
– –
RAMP icon
911
LiveRamp
RAMP
$2.3B
$701K 0.01%
35,500
-100
-0.3% -$1.93K
X
912
DELISTED
US Steel
X
$694K 0.01%
66,600
+200
+0.3% +$3.34K
WPX
913
DELISTED
WPX Energy, Inc.
WPX
$694K 0.01%
104,900
+11,600
+12% +$97K
NYT icon
914
New York Times
NYT
$10.2B
$685K 0.01%
58,000
-1,800
-3% -$22.7K
NSR
915
DELISTED
Neustar Inc
NSR
$676K 0.01%
24,860
-400
-2% -$11.3K
CRS icon
916
Carpenter Technology
CRS
$28.4B
$673K 0.01%
22,600
-400
-2% -$14.6K
CVLT icon
917
Commault Systems
CVLT
$5.61B
$655K 0.01%
19,300
-100
-0.5% -$3.73K
GCI
918
DELISTED
Gannett Co., Inc
GCI
$648K 0.01%
43,994
– –
AVP
919
DELISTED
Avon Products, Inc.
AVP
$644K 0.01%
198,155
-100
-0.1% -$507
P
920
DELISTED
Pandora Media Inc
P
$640K ﹤0.01%
+30,000
New +$526K
IBOC icon
921
International Bancshares
IBOC
$4.57B
$638K ﹤0.01%
25,500
-800
-3% -$20.9K
PLCM
922
DELISTED
POLYCOM INC
PLCM
$637K ﹤0.01%
60,822
-700
-1% -$7.59K
GES
923
DELISTED
Guess Inc
GES
$634K ﹤0.01%
29,700
+400
+1% +$8.66K
OIS icon
924
Oil States International
OIS
$491M
$609K ﹤0.01%
23,300
-200
-0.9% -$5.92K
AVNS
925
DELISTED
Avanos Medical
AVNS
$603K ﹤0.01%
21,220
– –
35 36
37
38 39

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.