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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
TGT icon
126
Target
TGT
$68B
$17.9M 0.14%
227,078
-20,600
-8% -$1.64M
COF icon
127
Capital One
COF
$134B
$17.8M 0.14%
245,851
-16,100
-6% -$1.29M
TJX icon
128
TJX Companies
TJX
$178B
$17.4M 0.13%
487,172
-843,600
-63% -$29.6M
MS icon
129
Morgan Stanley
MS
$340B
$17.3M 0.13%
550,355
-45,600
-8% -$1.66M
EMC
130
DELISTED
EMC CORPORATION
EMC
$16.8M 0.13%
695,354
-57,800
-8% -$1.46M
HPQ icon
131
HP
HPQ
$27.5B
$16.7M 0.13%
1,436,173
-1,439,447
-50% -$18.7M
PNC icon
132
PNC Financial Services
PNC
$101B
$16.5M 0.13%
185,492
-15,400
-8% -$1.45M
NEE icon
133
NextEra Energy
NEE
$177B
$16.2M 0.13%
663,412
-25,600
-4% -$651K
WPC icon
134
W.P. Carey
WPC
$16.4B
$16.1M 0.12%
284,859
+20,420
+8% +$1.19M
NFLX icon
135
Netflix
NFLX
$309B
$15.9M 0.12%
1,539,620
-103,000
-6% -$1.11M
DD
136
DELISTED
Du Pont De Nemours E I
DD
$15.7M 0.12%
326,735
-171,371
-34% -$9.15M
AMSG
137
DELISTED
Amsurg Corp
AMSG
$15.7M 0.12%
+202,000
New +$15.6M
BNY
138
Bank of New York Mellon
BNY
$107B
$15.7M 0.12%
399,832
-35,100
-8% -$1.46M
GM icon
139
General Motors
GM
$76.8B
$15.6M 0.12%
518,500
-5,100
-1% -$156K
CRM icon
140
Salesforce
CRM
$158B
$15.5M 0.12%
223,784
-12,700
-5% -$900K
GSK icon
141
GSK
GSK
$106B
$15.5M 0.12%
323,200
-63,200
-16% -$3.29M
IJR icon
142
iShares Core S&P Small-Cap ETF
IJR
$112B
$15.3M 0.12%
288,000
-8,000
-3% -$454K
PSO icon
143
Pearson
PSO
$9.9B
$15.2M 0.12%
887,800
-214,400
-19% -$3.87M
ZVO
144
DELISTED
Zovio Inc. Common Stock
ZVO
$15.2M 0.12%
1,999,000
– –
CB icon
145
Chubb
CB
$135B
$15.2M 0.12%
146,973
-9,700
-6% -$1.01M
KHC icon
146
Kraft Heinz
KHC
$30B
$15.1M 0.12%
+214,602
New +$16.2M
D icon
147
Dominion Energy
D
$59.3B
$15.1M 0.12%
214,613
-15,600
-7% -$1.1M
CTSH icon
148
Cognizant
CTSH
$26B
$15M 0.12%
239,054
-13,100
-5% -$822K
ADBE icon
149
Adobe
ADBE
$105B
$14.7M 0.11%
179,065
-5,300
-3% -$430K
ADP icon
150
Automatic Data Processing
ADP
$108B
$14.7M 0.11%
182,993
-4,700
-3% -$376K
4 5
6
7 8

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.