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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-6.5%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$669M 5.17%
3,489,950
+1,300,000
+59% +$264M
AAPL icon
2
Apple
AAPL
$4.99T
$564M 4.36%
20,436,292
+1,348,920
+7% +$39.6M
AFL icon
3
Aflac
AFL
$65.9B
$347M 2.68%
11,945,418
+2,434,600
+26% +$73.7M
WFC icon
4
Wells Fargo
WFC
$263B
$319M 2.47%
6,220,634
-1,300,700
-17% -$71.5M
UNP icon
5
Union Pacific
UNP
$175B
$285M 2.2%
3,222,456
+1,751,900
+119% +$160M
GILD icon
6
Gilead Sciences
GILD
$167B
$275M 2.13%
2,803,712
+889,900
+46% +$98.8M
VZ icon
7
Verizon
VZ
$201B
$208M 1.61%
4,778,455
-1,918,600
-29% -$88.5M
HD icon
8
Home Depot
HD
$343B
$206M 1.59%
1,784,840
-39,800
-2% -$4.6M
USB icon
9
US Bancorp
USB
$100B
$186M 1.44%
4,546,433
-4,425,605
-49% -$192M
META icon
10
Meta Platforms (Facebook)
META
$1.51T
$175M 1.35%
1,942,500
+167,700
+9% +$15.4M
VR
11
DELISTED
Validus Hold Ltd
VR
$172M 1.33%
3,813,100
-140,000
-4% -$6.32M
CVS icon
12
CVS Health
CVS
$140B
$168M 1.3%
1,742,200
-280,600
-14% -$29.5M
MSFT icon
13
Microsoft
MSFT
$2.92T
$167M 1.29%
3,768,524
+222,800
+6% +$10M
JPM icon
14
JPMorgan Chase
JPM
$950B
$165M 1.28%
2,711,825
-790,000
-23% -$51.7M
WMT icon
15
Walmart Inc
WMT
$900B
$165M 1.28%
7,636,002
+345,900
+5% +$7.94M
AMZN icon
16
Amazon
AMZN
$2.48T
$153M 1.18%
5,969,000
+3,008,000
+102% +$76M
TWO
17
Two Harbors Investment
TWO
$1.27B
$149M 1.15%
2,115,000
+31,250
+1% +$2.43M
CSCO icon
18
Cisco
CSCO
$456B
$146M 1.13%
5,560,263
+729,420
+15% +$19.7M
GS icon
19
Goldman Sachs
GS
$305B
$132M 1.02%
761,882
+13,200
+2% +$2.59M
PCG icon
20
PG&E
PCG
$39.2B
$125M 0.97%
2,368,541
+2,182,300
+1,172% +$112M
C icon
21
Citigroup
C
$222B
$123M 0.95%
2,488,300
-154,900
-6% -$8.46M
BAC icon
22
Bank of America
BAC
$439B
$123M 0.95%
7,916,157
-292,600
-4% -$4.92M
BMY icon
23
Bristol-Myers Squibb
BMY
$130B
$120M 0.93%
2,033,053
+1,217,500
+149% +$77.2M
TMO icon
24
Thermo Fisher Scientific
TMO
$214B
$116M 0.9%
946,903
+160,500
+20% +$20.9M
AXP icon
25
American Express
AXP
$227B
$114M 0.88%
1,541,511
+330,700
+27% +$25.4M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.