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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
SO icon
151
Southern Company
SO
$107B
$14.7M 0.11%
327,990
-24,300
-7% -$1.07M
MON
152
DELISTED
Monsanto Co
MON
$14.4M 0.11%
169,135
-15,500
-8% -$1.53M
EOG icon
153
EOG Resources
EOG
$70.7B
$14.4M 0.11%
198,260
-14,600
-7% -$1.13M
KMB icon
154
Kimberly-Clark
KMB
$36.5B
$14.3M 0.11%
131,438
-9,800
-7% -$1.08M
CAT icon
155
Caterpillar
CAT
$387B
$14.2M 0.11%
217,654
-16,500
-7% -$1.26M
KR icon
156
Kroger
KR
$34.8B
$13.9M 0.11%
384,628
-22,300
-5% -$827K
AET
157
DELISTED
Aetna Inc
AET
$13.8M 0.11%
125,882
-9,600
-7% -$1.11M
BLK icon
158
Blackrock
BLK
$176B
$13.8M 0.11%
46,260
-3,000
-6% -$968K
FDX icon
159
FedEx
FDX
$75.4B
$13.7M 0.11%
94,896
-7,300
-7% -$1.16M
AMT icon
160
American Tower
AMT
$80.4B
$13.4M 0.1%
152,830
-11,300
-7% -$1.06M
PSX icon
161
Phillips 66
PSX
$81.4B
$13.4M 0.1%
174,303
-36,000
-17% -$2.86M
RAI
162
DELISTED
Reynolds American Inc
RAI
$13.3M 0.1%
299,386
-554,518
-65% -$23M
ELV icon
163
Elevance Health
ELV
$85.5B
$13.2M 0.1%
94,492
-8,100
-8% -$1.22M
TRV icon
164
Travelers Companies
TRV
$80.2B
$13.2M 0.1%
132,467
-26,100
-16% -$2.67M
REGN icon
165
Regeneron Pharmaceuticals
REGN
$80.8B
$13M 0.1%
27,900
-1,300
-4% -$698K
ALXN
166
DELISTED
Alexion Pharmaceuticals
ALXN
$12.8M 0.1%
81,574
-5,300
-6% -$967K
CI icon
167
Cigna
CI
$74.6B
$12.6M 0.1%
92,980
-6,800
-7% -$987K
YUM icon
168
Yum! Brands
YUM
$41.1B
$12.5M 0.1%
216,704
-16,553
-7% -$1M
PRU icon
169
Prudential Financial
PRU
$41.8B
$12.4M 0.1%
162,880
-12,800
-7% -$1.07M
SCHW
170
Charles Schwab
SCHW
$187B
$12.3M 0.1%
431,317
-17,000
-4% -$546K
TFCFA
171
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$12.2M 0.09%
452,877
-233,400
-34% -$6.98M
DST
172
DELISTED
DST Systems Inc.
DST
$12.2M 0.09%
231,600
+205,800
+798% +$11.4M
GIS icon
173
General Mills
GIS
$19.7B
$12.1M 0.09%
216,118
-15,100
-7% -$865K
AVGO icon
174
Broadcom
AVGO
$2.04T
$11.7M 0.09%
937,000
-58,000
-6% -$733K
VVC
175
DELISTED
Vectren Corporation
VVC
$11.5M 0.09%
273,360
– –
5 6
7
8 9

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.