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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
CA
101
DELISTED
CA, Inc.
CA
$23M 0.18%
843,224
-121,300
-13% -$3.47M
COST icon
102
Costco
COST
$420B
$22.9M 0.18%
158,708
-11,700
-7% -$1.67M
BKNG icon
103
Booking.com
BKNG
$161B
$22.8M 0.18%
460,525
-42,500
-8% -$2.11M
BRK.A icon
104
Berkshire Hathaway Class A
BRK.A
$1.12T
$22.6M 0.18%
116
– –
ABT icon
105
Abbott
ABT
$187B
$22.6M 0.17%
560,788
-39,300
-7% -$1.85M
FSLR icon
106
First Solar
FSLR
$26.9B
$22.2M 0.17%
520,306
-2,000
-0.4% -$92.5K
ACN icon
107
Accenture
ACN
$108B
$22.1M 0.17%
225,402
-301,600
-57% -$29.9M
APOL
108
DELISTED
Apollo Education Group Inc Class A
APOL
$22.1M 0.17%
2,001,171
+1,096,212
+121% +$13.4M
NCMI icon
109
National CineMedia
NCMI
$378M
$21.4M 0.17%
159,600
-12,800
-7% -$1.84M
COP icon
110
ConocoPhillips
COP
$141B
$21.4M 0.17%
445,415
-32,800
-7% -$1.67M
HE icon
111
Hawaiian Electric Industries
HE
$2.14B
$20.8M 0.16%
723,571
+49,531
+7% +$1.45M
CL icon
112
Colgate-Palmolive
CL
$74.4B
$20.6M 0.16%
323,944
-5,800
-2% -$379K
SPG icon
113
Simon Property Group
SPG
$72.3B
$20.5M 0.16%
111,742
-9,000
-7% -$1.65M
CCI icon
114
Crown Castle
CCI
$32.2B
$20.3M 0.16%
257,854
+102,950
+66% +$8.37M
TWX
115
DELISTED
Time Warner Inc
TWX
$20.3M 0.16%
294,703
-25,100
-8% -$1.97M
ESRX
116
DELISTED
Express Scripts Holding Company
ESRX
$19.7M 0.15%
243,928
-38,900
-14% -$3.39M
F icon
117
Ford
F
$55.7B
$19.1M 0.15%
1,408,738
-133,000
-9% -$1.9M
MET icon
118
MetLife
MET
$62.1B
$19M 0.15%
452,504
-33,099
-7% -$1.55M
DD icon
119
DuPont de Nemours
DD
$19.2B
$18.8M 0.15%
175,121
-25,194
-13% -$2.92M
LH icon
120
Labcorp
LH
$25.9B
$18.4M 0.14%
197,546
+152,251
+336% +$15.7M
LAMR icon
121
Lamar Advertising Co
LAMR
$16.3B
$18.4M 0.14%
352,200
+18,300
+5% +$1.02M
TXN icon
122
Texas Instruments
TXN
$261B
$18.4M 0.14%
370,914
-32,600
-8% -$1.59M
TWC
123
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$18.3M 0.14%
102,114
-7,500
-7% -$1.4M
OXY icon
124
Occidental Petroleum
OXY
$55.9B
$18.3M 0.14%
276,410
-22,037
-7% -$1.54M
APEI icon
125
American Public Education
APEI
$940M
$18M 0.14%
767,000
– –
3 4
5
6 7

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.