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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
ALK icon
451
Alaska Air
ALK
$5.58B
$3.94M 0.03%
59,540
-3,100
-5% -$201K
CTXS
452
DELISTED
Citrix Systems Inc
CTXS
$3.94M 0.03%
77,400
-5,902
-7% -$291K
RSG icon
453
Republic Services
RSG
$65.7B
$3.92M 0.03%
96,740
-7,200
-7% -$293K
PII icon
454
Polaris
PII
$4.07B
$3.91M 0.03%
27,700
-1,400
-5% -$206K
XEC
455
DELISTED
CIMAREX ENERGY CO
XEC
$3.89M 0.03%
33,800
-2,100
-6% -$225K
EPC icon
456
Edgewell Personal Care
EPC
$1.31B
$3.88M 0.03%
37,966
-1,889
-5% -$187K
OKE icon
457
Oneok
OKE
$54.5B
$3.88M 0.03%
80,430
-5,300
-6% -$242K
ANR
458
DELISTED
Alpha Natural Resources Inc
ANR
$3.85M 0.03%
3,850,000
– –
TIF
459
DELISTED
Tiffany & Co.
TIF
$3.82M 0.03%
43,422
-2,900
-6% -$259K
MKC icon
460
McCormick & Company Non-Voting
MKC
$14.2B
$3.81M 0.03%
98,904
-7,400
-7% -$275K
CNC icon
461
Centene
CNC
$32.5B
$3.81M 0.03%
107,800
-3,800
-3% -$114K
MCHP icon
462
Microchip Technology
MCHP
$46B
$3.8M 0.03%
155,328
-10,200
-6% -$246K
BALL icon
463
Ball Corp
BALL
$16.8B
$3.74M 0.03%
106,000
-6,800
-6% -$235K
CMS icon
464
CMS Energy
CMS
$22.3B
$3.71M 0.03%
106,299
-239,000
-69% -$8.48M
CCEP icon
465
Coca-Cola Europacific Partners
CCEP
$47.9B
$3.7M 0.03%
83,742
-7,900
-9% -$345K
SEE
466
DELISTED
Sealed Air
SEE
$3.69M 0.03%
81,084
-5,900
-7% -$262K
ASH icon
467
Ashland
ASH
$3.5B
$3.67M 0.03%
58,976
-3,066
-5% -$186K
IFF icon
468
International Flavors & Fragrances
IFF
$21.9B
$3.66M 0.03%
31,146
-2,200
-7% -$248K
KLAC icon
469
KLA
KLAC
$259B
$3.66M 0.03%
627,370
-50,000
-7% -$320K
UTHR icon
470
United Therapeutics
UTHR
$23.1B
$3.66M 0.03%
21,200
-1,400
-6% -$213K
DHI icon
471
D.R. Horton
DHI
$42.3B
$3.65M 0.03%
128,264
-8,400
-6% -$219K
HOLX
472
DELISTED
Hologic
HOLX
$3.65M 0.03%
110,380
-5,000
-4% -$153K
VAR
473
DELISTED
Varian Medical Systems, Inc.
VAR
$3.64M 0.03%
44,076
-2,851
-6% -$229K
XL
474
DELISTED
XL Group Ltd.
XL
$3.62M 0.03%
98,462
-7,800
-7% -$280K
MAS icon
475
Masco
MAS
$15.3B
$3.6M 0.03%
153,503
-13,542
-8% -$307K
17 18
19
20 21

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.