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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
MOS icon
351
The Mosaic Company
MOS
$7.33B
$5.52M 0.04%
119,930
-10,100
-8% -$493K
DTE icon
352
DTE Energy
DTE
$29.1B
$5.51M 0.04%
80,275
-5,405
-6% -$388K
GPC icon
353
Genuine Parts
GPC
$18.7B
$5.49M 0.04%
58,896
-4,100
-7% -$395K
GWW icon
354
W.W. Grainger
GWW
$60.2B
$5.46M 0.04%
23,175
-1,800
-7% -$429K
BF.B icon
355
Brown-Forman Class B
BF.B
$13.1B
$5.43M 0.04%
187,897
-13,437
-7% -$387K
NLSN
356
DELISTED
Nielsen Holdings plc
NLSN
$5.42M 0.04%
121,700
-11,700
-9% -$515K
PFG icon
357
Principal Financial Group
PFG
$24.3B
$5.42M 0.04%
105,475
-7,000
-6% -$352K
DVA icon
358
DaVita
DVA
$11.7B
$5.41M 0.04%
66,562
-323,700
-83% -$24.8M
ETR icon
359
Entergy
ETR
$50B
$5.39M 0.04%
139,174
-9,600
-6% -$394K
NI icon
360
NiSource
NI
$20.4B
$5.39M 0.04%
310,403
-20,615
-6% -$349K
A icon
361
Agilent Technologies
A
$41.2B
$5.38M 0.04%
129,581
-7,800
-6% -$316K
QRVO icon
362
Qorvo
QRVO
$8.74B
$5.37M 0.04%
+67,335
New +$4.79M
ANF icon
363
Abercrombie & Fitch
ANF
$5B
$5.36M 0.04%
243,162
-414,338
-63% -$10.2M
RHT
364
DELISTED
Red Hat Inc
RHT
$5.36M 0.04%
70,716
-6,700
-9% -$454K
BWA icon
365
BorgWarner
BWA
$13.9B
$5.29M 0.04%
99,264
-7,156
-7% -$364K
O icon
366
Realty Income
O
$59.1B
$5.26M 0.04%
105,264
-4,128
-4% -$207K
SNDK
367
DELISTED
SANDISK CORP
SNDK
$5.23M 0.04%
82,202
-8,700
-10% -$707K
CF icon
368
CF Industries
CF
$17.3B
$5.23M 0.04%
92,165
-10,500
-10% -$626K
GMCR
369
DELISTED
KEURIG GREEN MTN INC
GMCR
$5.23M 0.04%
46,800
-3,300
-7% -$413K
UAA icon
370
Under Armour
UAA
$2.6B
$5.2M 0.04%
128,800
-8,600
-6% -$316K
RCL icon
371
Royal Caribbean
RCL
$85.6B
$5.2M 0.04%
63,500
-5,300
-8% -$419K
XRX icon
372
Xerox
XRX
$425M
$5.18M 0.04%
153,037
-14,724
-9% -$520K
HBI
373
DELISTED
Hanesbrands
HBI
$5.18M 0.04%
154,624
-35,700
-19% -$1.08M
ADSK icon
374
Autodesk
ADSK
$52.6B
$5.13M 0.04%
87,432
-6,300
-7% -$373K
CPRI icon
375
Capri Holdings
CPRI
$1.74B
$5.09M 0.04%
77,400
-7,400
-9% -$508K
13 14
15
16 17

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.