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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
C icon
26
Citigroup
C
$226B
$122M 0.86%
2,373,000
+155,500
+7% +$7.92M
WMT icon
27
Walmart Inc
WMT
$890B
$113M 0.79%
4,131,702
-7,575,900
-65% -$215M
VIAB
28
DELISTED
Viacom Inc. Class B
VIAB
$113M 0.79%
1,657,804
+453,600
+38% +$31.3M
APTV icon
29
Aptiv
APTV
$10.3B
$112M 0.79%
1,406,290
-763,000
-35% -$57.3M
PG icon
30
Procter & Gamble
PG
$339B
$110M 0.77%
1,347,212
+32,400
+2% +$2.79M
GE icon
31
GE Aerospace
GE
$384B
$109M 0.77%
919,098
-117,999
-11% -$14M
TMO icon
32
Thermo Fisher Scientific
TMO
$220B
$105M 0.74%
785,103
+620,300
+376% +$80M
IBM icon
33
IBM
IBM
$224B
$93.8M 0.66%
611,424
-2,510
-0.4% -$381K
PFE icon
34
Pfizer
PFE
$153B
$93.7M 0.66%
2,838,896
-838,557
-23% -$26.7M
PM icon
35
Philip Morris
PM
$295B
$87.3M 0.61%
1,158,350
-1,373,600
-54% -$111M
JPM icon
36
JPMorgan Chase
JPM
$950B
$87.1M 0.61%
1,438,225
-286,400
-17% -$17M
KMI icon
37
Kinder Morgan
KMI
$68.7B
$84.9M 0.6%
2,019,622
-270,731
-12% -$11.2M
T icon
38
AT&T
T
$163B
$84.9M 0.59%
3,444,025
-973,802
-22% -$24.8M
EBAY icon
39
eBay
EBAY
$49.8B
$84.2M 0.59%
3,468,452
+2,361,982
+213% +$56.3M
INTC icon
40
Intel
INTC
$513B
$82M 0.57%
2,623,055
+14,900
+0.6% +$503K
MRK icon
41
Merck
MRK
$318B
$79.6M 0.56%
1,451,442
-83,316
-5% -$4.72M
AIG icon
42
American International
AIG
$41.3B
$79.1M 0.55%
1,443,002
+21,800
+2% +$1.17M
CMCSA icon
43
Comcast
CMCSA
$90B
$78.4M 0.55%
2,777,698
-502,600
-15% -$14.4M
CVX icon
44
Chevron
CVX
$366B
$76.1M 0.53%
725,304
-53,400
-7% -$5.7M
TSCO icon
45
Tractor Supply
TSCO
$18B
$75.5M 0.53%
4,437,500
-1,067,500
-19% -$17.8M
MO icon
46
Altria Group
MO
$114B
$71.9M 0.5%
1,436,874
-13,700
-0.9% -$727K
RTX icon
47
RTX Corp
RTX
$301B
$66.1M 0.46%
896,798
-23,517
-3% -$1.76M
ORCL icon
48
Oracle
ORCL
$423B
$65.6M 0.46%
1,520,348
-549,200
-27% -$23.8M
HON icon
49
Honeywell
HON
$78B
$65.1M 0.46%
694,723
-28,491
-4% -$2.61M
KO icon
50
Coca-Cola
KO
$375B
$64.8M 0.45%
1,597,756
-107,900
-6% -$4.51M
1
2
3 4 5

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.