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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
+1.58%
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
$14.3B
AUM Growth
-$834M
Cap. Flow
-$908M
Cap. Flow %
-6.36%
Top 10 Hldgs %
24.62%
Holding
972
New
21
Increased
75
Reduced
838
Closed
21

Top Buys

Rank Stock Value
1
TWO
Two Harbors Investment
TWO
+$161M
2
TMO icon
Thermo Fisher Scientific
TMO
+$80M
3
META icon
Meta Platforms (Facebook)
META
+$77.6M
4
PEP icon
PepsiCo
PEP
+$77.3M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$73.8M

Top Sells

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$215M
2
USB icon
US Bancorp
USB
+$179M
3
QCOM icon
Qualcomm
QCOM
+$149M
4
GSK icon
GSK
GSK
+$125M
5
PM icon
Philip Morris
PM
+$111M

Sector Composition

Rank Sector Weight
1 Financials 18.37%
2 Technology 12.63%
3 Healthcare 12.61%
4 Communication Services 10.12%
5 Consumer Discretionary 9.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TCP
226
DELISTED
TC Pipelines LP
TCP
$10.3M 0.07%
158,000
+7,000
+5% +$459K
HUM icon
227
Humana
HUM
$46.2B
$10.3M 0.07%
57,690
-5,500
-9% -$870K
ICE icon
228
Intercontinental Exchange
ICE
$84.4B
$10.1M 0.07%
215,880
-16,000
-7% -$721K
VFC icon
229
VF Corp
VFC
$5.89B
$9.94M 0.07%
140,222
-10,939
-7% -$757K
NGG icon
230
National Grid
NGG
$81.3B
$9.89M 0.07%
158,639
-3,110
-2% -$205K
TEG
231
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$9.86M 0.07%
136,899
-15,200
-10% -$1.16M
PCG icon
232
PG&E
PCG
$38.5B
$9.75M 0.07%
183,741
-12,000
-6% -$663K
OUT icon
233
Outfront Media
OUT
$5.5B
$9.75M 0.07%
331,047
+5,078
+2% +$144K
EPD icon
234
Enterprise Products Partners
EPD
$81.7B
$9.75M 0.07%
296,000
-15,000
-5% -$503K
NFLX icon
235
Netflix
NFLX
$309B
$9.74M 0.07%
1,635,620
-105,000
-6% -$637K
SRE icon
236
Sempra
SRE
$54.8B
$9.73M 0.07%
178,588
-11,800
-6% -$650K
DFS
237
DELISTED
Discover Financial Services
DFS
$9.72M 0.07%
172,535
-14,300
-8% -$847K
PXD
238
DELISTED
Pioneer Natural Resource Co.
PXD
$9.39M 0.07%
57,454
-3,900
-6% -$599K
SE
239
DELISTED
Spectra Energy Corp Wi
SE
$9.36M 0.07%
258,859
-17,500
-6% -$612K
VTR icon
240
Ventas
VTR
$47.9B
$9.32M 0.07%
111,724
+5,517
+5% +$475K
AMP icon
241
Ameriprise Financial
AMP
$48.8B
$9.22M 0.06%
70,448
-5,600
-7% -$738K
COR icon
242
Cencora
COR
$61.2B
$9.15M 0.06%
80,480
-5,100
-6% -$513K
BSX icon
243
Boston Scientific
BSX
$71.5B
$9.11M 0.06%
513,236
-33,200
-6% -$525K
BRCM
244
DELISTED
BROADCOM CORP CL-A
BRCM
$9.1M 0.06%
210,270
-11,600
-5% -$506K
IP icon
245
International Paper
IP
$22B
$9.05M 0.06%
172,298
-11,933
-6% -$619K
CB
246
DELISTED
CHUBB CORPORATION
CB
$9M 0.06%
89,048
-8,100
-8% -$820K
CMI icon
247
Cummins
CMI
$88.7B
$9M 0.06%
64,924
-5,100
-7% -$719K
DVN icon
248
Devon Energy
DVN
$47.3B
$8.99M 0.06%
149,111
-9,300
-6% -$567K
PRGO icon
249
Perrigo
PRGO
$1.78B
$8.99M 0.06%
54,314
-3,700
-6% -$590K
BBWI icon
250
Bath & Body Works
BBWI
$4.1B
$8.95M 0.06%
117,367
-7,916
-6% -$572K
8 9
10
11 12

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 Q1 2015 Portfolio in Review

As of Q1 2015, State of Michigan Retirement System held 972 positions worth $14.3B, down 5.5% from $15.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System withdrew a net $908M in Q1 2015, closing 21 positions and reducing 838 holdings. Its most notable exit was Allergan Inc, an estimated $26.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Two Harbors Investment worth $165M.

  • State of Michigan Retirement System's largest Q1 2015 buy was Two Harbors Investment: 1,945,000 shares worth $165M.
  • State of Michigan Retirement System added most to Thermo Fisher Scientific in Q1 2015, an estimated $80M increase.
  • State of Michigan Retirement System's biggest Q1 2015 reduction was Walmart Inc, cutting an estimated $215M.
  • State of Michigan Retirement System fully exited Allergan Inc in Q1 2015, selling an estimated $26.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $14.3B portfolio in Q1 2015.
  • State of Michigan Retirement System opened 21 new positions and closed 21 in Q1 2015.
  • State of Michigan Retirement System's portfolio value fell 5.5% quarter-over-quarter to $14.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2015, filed 30 Apr 2015.