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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
EIX icon
276
Edison International
EIX
$26.4B
$7.85M 0.06%
125,696
-8,500
-6% -$554K
MJN
277
DELISTED
Mead Johnson Nutrition Company
MJN
$7.84M 0.05%
78,009
-5,200
-6% -$524K
MNST icon
278
Monster Beverage
MNST
$88.5B
$7.81M 0.05%
338,628
-17,400
-5% -$364K
CMG icon
279
Chipotle Mexican Grill
CMG
$41.5B
$7.77M 0.05%
597,400
-40,000
-6% -$546K
BEN icon
280
Franklin Resources
BEN
$17.2B
$7.76M 0.05%
151,132
-10,400
-6% -$552K
MDVN
281
DELISTED
MEDIVATION, INC.
MDVN
$7.74M 0.05%
120,000
-278,200
-70% -$15.9M
BBBY
282
DELISTED
Bed Bath & Beyond Inc
BBBY
$7.71M 0.05%
100,392
-4,700
-4% -$357K
BFH icon
283
Bread Financial
BFH
$4.38B
$7.7M 0.05%
32,577
-376
-1% -$85.9K
ZBH icon
284
Zimmer Biomet
ZBH
$18.4B
$7.7M 0.05%
67,468
-4,429
-6% -$505K
DOC icon
285
Healthpeak Properties
DOC
$14.8B
$7.68M 0.05%
195,166
-12,517
-6% -$502K
WDC icon
286
Western Digital
WDC
$150B
$7.62M 0.05%
110,824
-8,202
-7% -$641K
FCX icon
287
Freeport-McMoran
FCX
$97.5B
$7.6M 0.05%
401,143
-250,900
-38% -$4.96M
ADI icon
288
Analog Devices
ADI
$190B
$7.57M 0.05%
120,205
-8,000
-6% -$454K
VNO icon
289
Vornado Realty Trust
VNO
$7.38B
$7.55M 0.05%
83,406
-14,906
-15% -$1.34M
LUMN icon
290
Lumen
LUMN
$6.44B
$7.55M 0.05%
218,551
-16,500
-7% -$616K
STZ icon
291
Constellation Brands
STZ
$23.2B
$7.54M 0.05%
64,923
-4,200
-6% -$473K
FIS icon
292
Fidelity National Information Services
FIS
$22.1B
$7.49M 0.05%
109,992
-6,900
-6% -$451K
OMC icon
293
Omnicom Group
OMC
$23.4B
$7.42M 0.05%
95,206
-7,000
-7% -$534K
FISV
294
Fiserv Inc
FISV
$27.9B
$7.31M 0.05%
184,152
-16,800
-8% -$641K
NBL
295
DELISTED
Noble Energy, Inc.
NBL
$7.3M 0.05%
149,214
+800
+0.5% +$37.4K
WFM
296
DELISTED
Whole Foods Market Inc
WFM
$7.25M 0.05%
139,214
-9,000
-6% -$482K
SWKS icon
297
Skyworks Solutions
SWKS
$10.6B
$7.23M 0.05%
73,600
-17,100
-19% -$1.46M
KSS icon
298
Kohl's
KSS
$2.19B
$7.19M 0.05%
91,906
-36,300
-28% -$2.47M
GGP
299
DELISTED
GGP Inc.
GGP
$7.16M 0.05%
242,400
-16,100
-6% -$481K
EL icon
300
Estee Lauder
EL
$32B
$7.16M 0.05%
86,090
-6,200
-7% -$488K
10 11
12
13 14

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.