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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
ES icon
326
Eversource Energy
ES
$27.2B
$6.18M 0.04%
122,256
-8,200
-6% -$432K
ENDP
327
DELISTED
Endo International plc
ENDP
$6.14M 0.04%
68,500
-4,600
-6% -$385K
AA icon
328
Alcoa
AA
$13.2B
$6.09M 0.04%
196,221
-5,867
-3% -$211K
WHR icon
329
Whirlpool
WHR
$2.82B
$6.09M 0.04%
30,145
-1,900
-6% -$386K
ROK icon
330
Rockwell Automation
ROK
$49B
$6.07M 0.04%
52,290
-3,600
-6% -$405K
CAG icon
331
Conagra Brands
CAG
$7.23B
$6M 0.04%
211,068
-194,934
-48% -$5.37M
LVLT
332
DELISTED
Level 3 Communications Inc
LVLT
$5.96M 0.04%
110,600
-4,300
-4% -$224K
MVIS icon
333
Microvision
MVIS
$78.9M
$5.95M 0.04%
115,667
– –
EW icon
334
Edwards Lifesciences
EW
$51.7B
$5.93M 0.04%
249,624
-15,000
-6% -$337K
FITB
335
Fifth Third Bancorp
FITB
$51.8B
$5.92M 0.04%
314,312
-25,100
-7% -$473K
HST icon
336
Host Hotels & Resorts
HST
$16B
$5.9M 0.04%
292,196
-19,800
-6% -$442K
NUE icon
337
Nucor
NUE
$62.1B
$5.85M 0.04%
123,127
-8,300
-6% -$388K
KDP icon
338
Keurig Dr Pepper
KDP
$40.8B
$5.84M 0.04%
74,404
-5,700
-7% -$441K
HSP
339
DELISTED
HOSPIRA INC
HSP
$5.81M 0.04%
66,135
-3,600
-5% -$282K
SWK icon
340
Stanley Black & Decker
SWK
$15.7B
$5.79M 0.04%
60,736
-3,800
-6% -$364K
ESS icon
341
Essex Property Trust
ESS
$18.5B
$5.77M 0.04%
25,114
-1,200
-5% -$272K
MD icon
342
Pediatrix Medical
MD
$2.2B
$5.76M 0.04%
79,500
+31,700
+66% +$2.2M
HSY icon
343
Hershey
HSY
$36.6B
$5.75M 0.04%
57,026
-3,900
-6% -$407K
FE icon
344
FirstEnergy
FE
$27.5B
$5.7M 0.04%
162,433
-10,900
-6% -$408K
MNK
345
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$5.69M 0.04%
44,900
-3,000
-6% -$343K
LNC icon
346
Lincoln National
LNC
$8.81B
$5.68M 0.04%
98,897
-8,100
-8% -$452K
PGR icon
347
Progressive
PGR
$125B
$5.62M 0.04%
206,745
-13,600
-6% -$363K
KMX icon
348
CarMax
KMX
$8.26B
$5.59M 0.04%
80,969
-7,800
-9% -$509K
CLX icon
349
Clorox
CLX
$12.7B
$5.58M 0.04%
50,570
-2,700
-5% -$293K
HOT
350
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$5.53M 0.04%
66,217
-7,300
-10% -$571K
12 13
14
15 16

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.