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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
ZTS icon
251
Zoetis
ZTS
$30B
$8.94M 0.06%
193,156
-13,300
-6% -$600K
WM icon
252
Waste Management
WM
$91B
$8.93M 0.06%
164,718
-10,700
-6% -$569K
AVB icon
253
AvalonBay Communities
AVB
$26.8B
$8.87M 0.06%
50,919
-3,500
-6% -$605K
SHW icon
254
Sherwin-Williams
SHW
$89.8B
$8.85M 0.06%
93,285
-7,500
-7% -$699K
DG icon
255
Dollar General
DG
$27.9B
$8.82M 0.06%
117,042
-7,900
-6% -$559K
AA.PRB
256
DELISTED
Alcoa Inc
AA.PRB
$8.72M 0.06%
199,000
+12,000
+6% +$584K
PPL
257
PPL Corp
PPL
$26.7B
$8.66M 0.06%
276,197
-17,930
-6% -$576K
KYN icon
258
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$8.64M 0.06%
243,454
+1,058
+0.4% +$37.4K
PCAR icon
259
PACCAR
PCAR
$70.1B
$8.63M 0.06%
205,149
-13,650
-6% -$580K
SYY icon
260
Sysco
SYY
$40.3B
$8.62M 0.06%
228,459
-13,700
-6% -$540K
CERN
261
DELISTED
Cerner Corp
CERN
$8.62M 0.06%
117,620
-7,600
-6% -$526K
PLD icon
262
Prologis
PLD
$133B
$8.61M 0.06%
197,613
-8,300
-4% -$364K
EWY icon
263
iShares MSCI South Korea ETF
EWY
$25.7B
$8.59M 0.06%
150,000
– –
HCA icon
264
HCA Healthcare
HCA
$89.5B
$8.55M 0.06%
+113,600
New +$8.16M
VTRS icon
265
Viatris
VTRS
$18.9B
$8.54M 0.06%
143,893
-10,300
-7% -$587K
M icon
266
Macy's
M
$6.68B
$8.53M 0.06%
131,402
-10,800
-8% -$695K
ORLY icon
267
O'Reilly Automotive
ORLY
$76.3B
$8.47M 0.06%
587,505
-39,000
-6% -$524K
ROST icon
268
Ross Stores
ROST
$81.9B
$8.42M 0.06%
159,784
-13,000
-8% -$643K
STI
269
DELISTED
SunTrust Banks, Inc.
STI
$8.31M 0.06%
202,328
-12,500
-6% -$506K
CCL icon
270
Carnival Corporation Ltd
CCL
$39.7B
$8.31M 0.06%
173,760
-11,800
-6% -$531K
BXP icon
271
Boston Properties
BXP
$11.1B
$8.3M 0.06%
59,064
-4,000
-6% -$558K
NVS icon
272
Novartis
NVS
$297B
$8.26M 0.06%
93,521
-35,712
-28% -$3.17M
NTRS icon
273
Northern Trust
NTRS
$33.9B
$8.25M 0.06%
118,464
-6,500
-5% -$444K
PEG icon
274
Public Service Enterprise Group
PEG
$37.7B
$8.18M 0.06%
195,230
-13,200
-6% -$551K
BSMX
275
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$8.13M 0.06%
744,300
– –
9 10
11
12 13

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.