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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
PCP
176
DELISTED
PRECISION CASTPARTS CORP
PCP
$11.4M 0.09%
49,659
-4,000
-7% -$859K
CME icon
177
CME Group
CME
$94.8B
$11.3M 0.09%
121,481
-1,600
-1% -$152K
LYB icon
178
LyondellBasell Industries
LYB
$19.2B
$11.3M 0.09%
135,032
-164,300
-55% -$14.6M
PSA icon
179
Public Storage
PSA
$61.3B
$11.2M 0.09%
53,041
-3,300
-6% -$672K
ETN icon
180
Eaton
ETN
$174B
$11.2M 0.09%
218,796
-128,400
-37% -$7.58M
APC
181
DELISTED
Anadarko Petroleum
APC
$11.1M 0.09%
183,387
-13,600
-7% -$966K
NGG icon
182
National Grid
NGG
$81.3B
$11M 0.09%
163,908
+5,269
+3% +$338K
HAL icon
183
Halliburton
HAL
$26.6B
$10.9M 0.08%
308,507
-21,500
-7% -$846K
VLO icon
184
Valero Energy
VLO
$85.9B
$10.8M 0.08%
179,760
-17,500
-9% -$1.11M
SYK icon
185
Stryker
SYK
$130B
$10.7M 0.08%
113,792
-2,100
-2% -$208K
VEA icon
186
Vanguard FTSE Developed Markets ETF
VEA
$236B
$10.7M 0.08%
300,000
– –
TCP
187
DELISTED
TC Pipelines LP
TCP
$10.6M 0.08%
223,500
+65,500
+41% +$3.56M
PX
188
DELISTED
Praxair Inc
PX
$10.5M 0.08%
103,505
-8,300
-7% -$916K
ECL icon
189
Ecolab
ECL
$79.9B
$10.5M 0.08%
95,953
-8,000
-8% -$895K
EWD icon
190
iShares MSCI Sweden ETF
EWD
$595M
$10.5M 0.08%
360,000
– –
BRCM
191
DELISTED
BROADCOM CORP CL-A
BRCM
$10.4M 0.08%
201,470
-9,400
-4% -$484K
AEP icon
192
American Electric Power
AEP
$68.4B
$10.1M 0.08%
177,097
-12,900
-7% -$716K
CB
193
DELISTED
CHUBB CORPORATION
CB
$10.1M 0.08%
81,948
-7,200
-8% -$881K
MRSH
194
Marsh
MRSH
$91.5B
$10M 0.08%
191,577
-17,200
-8% -$960K
STT icon
195
State Street
STT
$50.7B
$9.91M 0.08%
147,445
-12,200
-8% -$908K
EQR icon
196
Equity Residential
EQR
$25.1B
$9.88M 0.08%
131,467
-9,700
-7% -$713K
ITW icon
197
Illinois Tool Works
ITW
$84.5B
$9.81M 0.08%
119,213
-12,000
-9% -$1.05M
JCI icon
198
Johnson Controls International
JCI
$92.2B
$9.77M 0.08%
225,516
-16,999
-7% -$784K
HUM icon
199
Humana
HUM
$46.2B
$9.59M 0.07%
53,590
-4,500
-8% -$832K
CSX icon
200
CSX Corp
CSX
$93.1B
$9.56M 0.07%
1,066,005
-83,400
-7% -$818K
6 7
8
9 10

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.