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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
XLNX
426
DELISTED
Xilinx Inc
XLNX
$4.27M 0.03%
100,875
-8,100
-7% -$332K
NTAP icon
427
NetApp
NTAP
$37.2B
$4.26M 0.03%
120,255
-8,100
-6% -$310K
BBY icon
428
Best Buy
BBY
$17.3B
$4.25M 0.03%
112,320
-7,600
-6% -$291K
TNL icon
429
Travel + Leisure Co
TNL
$4.7B
$4.21M 0.03%
103,106
-9,303
-8% -$370K
WU icon
430
Western Union
WU
$2.21B
$4.19M 0.03%
201,194
-14,100
-7% -$263K
CBRE icon
431
CBRE Group
CBRE
$42.9B
$4.18M 0.03%
107,960
-7,200
-6% -$248K
NEM icon
432
Newmont
NEM
$119B
$4.18M 0.03%
192,399
-13,100
-6% -$306K
MTD icon
433
Mettler-Toledo International
MTD
$28.6B
$4.17M 0.03%
12,700
-900
-7% -$279K
NVDA icon
434
NVIDIA
NVDA
$5.42T
$4.17M 0.03%
7,968,320
-540,000
-6% -$287K
TW
435
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$4.16M 0.03%
31,500
-1,800
-5% -$226K
WAB icon
436
Wabtec
WAB
$49.3B
$4.15M 0.03%
43,700
-2,100
-5% -$189K
EWI icon
437
iShares MSCI Italy ETF
EWI
$1.08B
$4.14M 0.03%
140,000
– –
UHS icon
438
Universal Health Services
UHS
$10.5B
$4.13M 0.03%
35,100
-2,400
-6% -$265K
PLL
439
DELISTED
PALL CORP
PLL
$4.13M 0.03%
41,123
-2,800
-6% -$283K
COO icon
440
Cooper Companies
COO
$14.5B
$4.1M 0.03%
87,600
-4,400
-5% -$186K
RKT
441
DELISTED
ROCK-TENN COMPANY CL-A
RKT
$4.09M 0.03%
63,400
-3,200
-5% -$210K
NWL icon
442
Newell Brands
NWL
$2.56B
$4.09M 0.03%
104,628
-7,000
-6% -$270K
NVO
443
Novo Nordisk
NVO
$209B
$4.08M 0.03%
153,000
– –
FL
444
DELISTED
Foot Locker
FL
$4.06M 0.03%
64,400
-3,200
-5% -$181K
SPLS
445
DELISTED
Staples Inc
SPLS
$4.02M 0.03%
247,031
-66,500
-21% -$1.12M
LLL
446
DELISTED
L3 Technologies, Inc.
LLL
$4.01M 0.03%
31,876
-3,200
-9% -$407K
UDR icon
447
UDR
UDR
$12.3B
$3.99M 0.03%
117,245
-4,200
-3% -$138K
EMN icon
448
Eastman Chemical
EMN
$8.42B
$3.97M 0.03%
57,310
-3,900
-6% -$282K
NMBL
449
DELISTED
Nimble Storage, Inc.
NMBL
$3.96M 0.03%
+177,659
New +$4.32M
AEE icon
450
Ameren
AEE
$30.1B
$3.95M 0.03%
93,582
-6,400
-6% -$279K
16 17
18
19 20

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.