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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
DCM
951
DELISTED
NTT DOCOMO, Inc.
DCM
$346K ﹤0.01%
20,500
– –
TLN
952
DELISTED
Talen Energy Corporation
TLN
$308K ﹤0.01%
30,502
-7,500
-20% -$110K
TR icon
953
Tootsie Roll Industries
TR
$2.98B
$259K ﹤0.01%
11,441
-1,384
-11% -$31.8K
SCTY
954
DELISTED
SolarCity Corporation
SCTY
$256K ﹤0.01%
6,000
-6,000
-50% -$301K
WP
955
DELISTED
Worldpay, Inc.
WP
$234K ﹤0.01%
+5,200
New +$224K
PLUG icon
956
Plug Power
PLUG
$3.04B
$220K ﹤0.01%
120,000
+20,000
+20% +$42.6K
HLX icon
957
Helix Energy Solutions
HLX
$1.41B
$215K ﹤0.01%
44,900
– –
PBPB
958
DELISTED
Potbelly
PBPB
$111K ﹤0.01%
+10,052
New +$121K
AR icon
959
Antero Resources
AR
$10.7B
– –
-38,238
Closed -$1.31M
FUN icon
960
Cedar Fair
FUN
$1.67B
– –
-215,600
Closed -$11.7M
GOOG icon
961
Alphabet (Google) Class C
GOOG
$4.32T
– –
-7,646,780
Closed -$204M
GPRO icon
962
GoPro
GPRO
$126M
– –
-27,000
Closed -$1.42M
MGNI icon
963
Magnite
MGNI
$3.55B
– –
-61,893
Closed -$926K
NXPI icon
964
NXP Semiconductors
NXPI
$60.4B
– –
-3,000
Closed -$295K
SPXC icon
965
SPX Corp
SPXC
$10.8B
– –
-74,274
Closed -$1.35M
TDW icon
966
Tidewater
TDW
$4.12B
– –
-664
Closed -$487K
VIAV icon
967
Viavi Solutions
VIAV
$9.66B
– –
-187,579
Closed -$1.24M
MTUS icon
968
Metallus
MTUS
$898M
– –
-17,150
Closed -$463K
ISEE
969
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-41,809
Closed -$2.18M
ABMD
970
DELISTED
Abiomed Inc
ABMD
– –
-56,313
Closed -$3.7M
CSOD
971
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-23,564
Closed -$820K
HMSY
972
DELISTED
HMS Holdings Corp.
HMSY
– –
-40,300
Closed -$692K
UNT
973
DELISTED
UNIT Corporation
UNT
– –
-21,400
Closed -$580K
HKTV
974
DELISTED
HONG KONG TELEVISION NETWORK LTD
HKTV
– –
-469,000
Closed -$2.7M
HSP
975
DELISTED
HOSPIRA INC
HSP
– –
-67,035
Closed -$5.95M
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.