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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
EQIX icon
376
Equinix
EQIX
$103B
$5.08M 0.04%
21,800
-4,250
-16% -$962K
CHD icon
377
Church & Dwight Co
CHD
$24.5B
$5.06M 0.04%
118,380
-9,000
-7% -$375K
SIG icon
378
Signet Jewelers
SIG
$3.76B
$5.04M 0.04%
36,300
-1,900
-5% -$235K
SLXP
379
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$4.99M 0.04%
28,900
-1,400
-5% -$206K
ALTR
380
DELISTED
Altera Corp
ALTR
$4.98M 0.03%
116,072
-9,500
-8% -$340K
ARW icon
381
Arrow Electronics
ARW
$10.4B
$4.97M 0.03%
81,237
-2,800
-3% -$167K
AAP icon
382
Advance Auto Parts
AAP
$3.49B
$4.96M 0.03%
33,150
-1,600
-5% -$247K
COL
383
DELISTED
Rockwell Collins
COL
$4.95M 0.03%
51,309
-3,500
-6% -$313K
HOG icon
384
Harley-Davidson
HOG
$2.71B
$4.95M 0.03%
81,549
-6,700
-8% -$421K
MSI icon
385
Motorola Solutions
MSI
$77.4B
$4.9M 0.03%
73,554
-13,700
-16% -$906K
AKAM icon
386
Akamai
AKAM
$15.9B
$4.9M 0.03%
68,947
-4,400
-6% -$291K
RF icon
387
Regions Financial
RF
$26.8B
$4.9M 0.03%
518,046
-48,900
-9% -$462K
AME icon
388
Ametek
AME
$58.2B
$4.89M 0.03%
93,000
-8,300
-8% -$425K
SLG icon
389
SL Green Realty
SLG
$3.99B
$4.88M 0.03%
39,255
-8,160
-17% -$1.01M
EQT icon
390
EQT Corp
EQT
$32.3B
$4.85M 0.03%
107,593
-6,981
-6% -$296K
ESV
391
DELISTED
Ensco Rowan plc
ESV
$4.81M 0.03%
57,095
+7,225
+14% +$761K
MSM icon
392
MSC Industrial Direct
MSM
$6.86B
$4.8M 0.03%
66,500
+42,500
+177% +$3.17M
BCR
393
DELISTED
CR Bard Inc.
BCR
$4.8M 0.03%
28,685
-2,200
-7% -$377K
TXT icon
394
Textron
TXT
$15.4B
$4.73M 0.03%
106,781
-6,900
-6% -$300K
GNW icon
395
Genworth Financial
GNW
$3.71B
$4.72M 0.03%
646,244
-2,767,300
-81% -$21.1M
CTRA
396
DELISTED
Coterra Energy
CTRA
$4.71M 0.03%
159,364
-10,800
-6% -$306K
L icon
397
Loews
L
$23.6B
$4.7M 0.03%
115,125
-8,200
-7% -$332K
KEY icon
398
KeyCorp
KEY
$24.4B
$4.67M 0.03%
329,974
-26,900
-8% -$370K
SRCL
399
DELISTED
Stericycle Inc
SRCL
$4.6M 0.03%
32,757
-2,200
-6% -$297K
TAP icon
400
Molson Coors Class B
TAP
$8.09B
$4.59M 0.03%
61,643
-4,000
-6% -$301K
14 15
16
17 18

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.