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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
VSH icon
926
Vishay Intertechnology
VSH
$5.43B
$597K ﹤0.01%
61,652
-200
-0.3% -$2.12K
OLN icon
927
Olin
OLN
$2.12B
$593K ﹤0.01%
35,290
– –
UPBD icon
928
Upbound Group
UPBD
$1.16B
$587K ﹤0.01%
24,200
– –
MSA icon
929
Mine Safety
MSA
$7.49B
$576K ﹤0.01%
14,400
+100
+0.7% +$4.65K
WOR icon
930
Worthington Enterprises
WOR
$2.86B
$571K ﹤0.01%
35,000
-811
-2% -$13.2K
DWA
931
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$564K ﹤0.01%
32,300
-900
-3% -$19.5K
KBH icon
932
KB Home
KBH
$3.59B
$561K ﹤0.01%
41,400
-100
-0.2% -$1.53K
DDD icon
933
3D Systems Corp
DDD
$613M
$558K ﹤0.01%
48,300
+400
+0.8% +$5.55K
TWOU
934
DELISTED
2U Inc
TWOU
$539K ﹤0.01%
+500
New +$514K
PCH
935
DELISTED
PotlatchDeltic
PCH
$534K ﹤0.01%
18,541
– –
CC icon
936
Chemours
CC
$2.37B
$532K ﹤0.01%
+82,300
New +$861K
GVA icon
937
Granite Construction
GVA
$5.62B
$526K ﹤0.01%
17,745
+1,200
+7% +$40.3K
JOY
938
DELISTED
Joy Global Inc
JOY
$525K ﹤0.01%
35,174
-2,600
-7% -$63.1K
WERN icon
939
Werner Enterprises
WERN
$2.25B
$509K ﹤0.01%
20,275
– –
AMD icon
940
Advanced Micro Devices
AMD
$789B
$494K ﹤0.01%
287,200
+100
+0% +$188
CLF icon
941
Cleveland-Cliffs
CLF
$6.99B
$484K ﹤0.01%
198,400
-461,000
-70% -$1.47M
NWS icon
942
News Corp Class B
NWS
$17.5B
$469K ﹤0.01%
+36,600
New +$504K
MDC
943
DELISTED
M.D.C. Holdings, Inc.
MDC
$466K ﹤0.01%
24,721
– –
TIVO
944
DELISTED
Tivo Inc
TIVO
$416K ﹤0.01%
39,650
-600
-1% -$7.26K
DO
945
DELISTED
Diamond Offshore Drilling
DO
$403K ﹤0.01%
23,320
-2,700
-10% -$60.3K
DNR
946
DELISTED
Denbury Resources, Inc.
DNR
$395K ﹤0.01%
161,892
-114,600
-41% -$443K
ATW
947
DELISTED
Atwood Oceanics
ATW
$394K ﹤0.01%
26,600
-800
-3% -$15.6K
GEF icon
948
Greif
GEF
$5.04B
$392K ﹤0.01%
12,300
-3,200
-21% -$104K
ISCA
949
DELISTED
International Speedway Corp
ISCA
$389K ﹤0.01%
12,250
-500
-4% -$16.7K
CRC
950
DELISTED
California Resources Corporation
CRC
$366K ﹤0.01%
14,070
– –
36 37
38
39 40

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.