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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
KMI icon
76
Kinder Morgan
KMI
$68.7B
$31.2M 0.24%
1,126,998
-340,724
-23% -$11.3M
CELG
77
DELISTED
Celgene Corp
CELG
$30.9M 0.24%
285,480
-22,100
-7% -$2.74M
DHR icon
78
Danaher
DHR
$144B
$30.8M 0.24%
537,392
+182,111
+51% +$10.8M
QCOM icon
79
Qualcomm
QCOM
$176B
$30.6M 0.24%
568,595
-63,400
-10% -$3.77M
HCA icon
80
HCA Healthcare
HCA
$89.5B
$30.5M 0.24%
394,800
-37,900
-9% -$3.36M
SBUX icon
81
Starbucks
SBUX
$120B
$30.5M 0.24%
536,264
-45,700
-8% -$2.56M
TWTR
82
DELISTED
Twitter, Inc.
TWTR
$30.3M 0.23%
1,125,000
+180,000
+19% +$5.4M
IJH icon
83
iShares Core S&P Mid-Cap ETF
IJH
$127B
$30.2M 0.23%
1,107,000
– –
BA icon
84
Boeing
BA
$185B
$30.2M 0.23%
230,690
-18,700
-7% -$2.59M
NKE icon
85
Nike
NKE
$61.9B
$30.1M 0.23%
490,264
-50,000
-9% -$2.83M
PARA
86
DELISTED
Paramount Global Class B
PARA
$29.6M 0.23%
741,567
+280,300
+61% +$13.6M
LLY icon
87
Eli Lilly
LLY
$1.06T
$29.5M 0.23%
352,202
-26,500
-7% -$2.24M
CPRI icon
88
Capri Holdings
CPRI
$1.74B
$29.4M 0.23%
697,000
+619,900
+804% +$26.2M
MBLY
89
DELISTED
Mobileye N.V.
MBLY
$28.6M 0.22%
629,000
+607,000
+2,759% +$33.3M
EFC
90
Ellington Financial
EFC
$1.71B
$27.7M 0.21%
1,550,000
– –
HRB icon
91
H&R Block
HRB
$5.86B
$27.5M 0.21%
760,966
+654,200
+613% +$22.2M
DUK icon
92
Duke Energy
DUK
$97.3B
$26.9M 0.21%
374,236
-19,600
-5% -$1.42M
WAT icon
93
Waters Corp
WAT
$39.9B
$26.5M 0.21%
224,224
-2,300
-1% -$291K
WBA
94
DELISTED
Walgreens Boots Alliance
WBA
$26.2M 0.2%
315,417
-23,000
-7% -$2.08M
MAN icon
95
ManpowerGroup
MAN
$2.63B
$25.5M 0.2%
310,930
+275,300
+773% +$24.5M
BIIB icon
96
Biogen
BIIB
$30.7B
$24.8M 0.19%
84,901
-6,300
-7% -$2.08M
DGX icon
97
Quest Diagnostics
DGX
$26.3B
$24.6M 0.19%
399,683
+35,000
+10% +$2.45M
MDLZ icon
98
Mondelez International
MDLZ
$79.9B
$24.4M 0.19%
582,108
-48,800
-8% -$2.1M
EBAY icon
99
eBay
EBAY
$49.8B
$23.2M 0.18%
948,986
-2,528,970
-73% -$68M
LOW icon
100
Lowe's Companies
LOW
$125B
$23M 0.18%
334,295
-27,400
-8% -$1.88M
2 3
4
5 6

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.