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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
MCO icon
301
Moody's
MCO
$82.7B
$7.12M 0.05%
68,633
-7,000
-9% -$676K
ISRG icon
302
Intuitive Surgical
ISRG
$134B
$7.11M 0.05%
126,756
-7,200
-5% -$408K
EA
303
DELISTED
Electronic Arts
EA
$7.06M 0.05%
119,982
-8,100
-6% -$437K
WPP icon
304
WPP
WPP
$5.94B
$7.05M 0.05%
62,000
-35,000
-36% -$3.93M
APH icon
305
Amphenol
APH
$209B
$7.05M 0.05%
478,496
-31,200
-6% -$437K
GLNG icon
306
Golar LNG
GLNG
$5.13B
$6.99M 0.05%
210,000
– –
TYC
307
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$6.98M 0.05%
154,791
-9,837
-6% -$438K
TT icon
308
Trane Technologies
TT
$106B
$6.92M 0.05%
101,616
-7,700
-7% -$509K
ED icon
309
Consolidated Edison
ED
$39.9B
$6.89M 0.05%
112,952
-7,700
-6% -$500K
MRO
310
DELISTED
Marathon Oil Corporation
MRO
$6.8M 0.05%
260,376
-17,600
-6% -$478K
XEL icon
311
Xcel Energy
XEL
$48.8B
$6.79M 0.05%
195,166
-13,100
-6% -$468K
HIG icon
312
Hartford Financial Services
HIG
$39.3B
$6.79M 0.05%
162,427
-15,300
-9% -$627K
WY icon
313
Weyerhaeuser
WY
$18.4B
$6.71M 0.05%
202,520
-13,500
-6% -$473K
ROP icon
314
Roper Technologies
ROP
$39.8B
$6.66M 0.05%
38,694
-2,600
-6% -$421K
STX icon
315
Seagate
STX
$184B
$6.59M 0.05%
126,668
-8,100
-6% -$482K
GMLP
316
DELISTED
Golar LNG Partners LP
GMLP
$6.59M 0.05%
245,000
+174,000
+245% +$4.67M
IVZ icon
317
Invesco
IVZ
$13.9B
$6.57M 0.05%
165,543
-11,900
-7% -$465K
PH icon
318
Parker-Hannifin
PH
$135B
$6.53M 0.05%
54,943
-6,300
-10% -$764K
MTB icon
319
M&T Bank
MTB
$36.2B
$6.51M 0.05%
51,277
-3,100
-6% -$375K
K
320
DELISTED
Kellanova
K
$6.44M 0.05%
104,045
-6,497
-6% -$397K
DLTR icon
321
Dollar Tree
DLTR
$25.2B
$6.44M 0.05%
79,322
-5,400
-6% -$410K
MAR icon
322
Marriott International
MAR
$92.3B
$6.43M 0.05%
80,019
-7,500
-9% -$598K
SIAL
323
DELISTED
SIGMA - ALDRICH CORP
SIAL
$6.37M 0.04%
46,095
-3,000
-6% -$414K
HES
324
DELISTED
Hess
HES
$6.36M 0.04%
93,725
-11,000
-11% -$785K
PAYX icon
325
Paychex
PAYX
$42.7B
$6.25M 0.04%
126,051
-8,500
-6% -$413K
11 12
13
14 15

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.