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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
+0.61%
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
$14.4B
AUM Growth
+$118M
Cap. Flow
+$149M
Cap. Flow %
1.03%
Top 10 Hldgs %
23.26%
Holding
975
New
24
Increased
657
Reduced
204
Closed
20

Top Buys

Rank Stock Value
1
AFL icon
Aflac
AFL
+$281M
2
JPM icon
JPMorgan Chase
JPM
+$135M
3
WMT icon
Walmart Inc
WMT
+$80.5M
4
COR icon
Cencora
COR
+$73.7M
5
TSLA icon
Tesla
TSLA
+$71.4M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$129M
2
GS icon
Goldman Sachs
GS
+$102M
3
VIAB
Viacom Inc. Class B
VIAB
+$84.8M
4
PEP icon
PepsiCo
PEP
+$80.5M
5
EG icon
Everest Group
EG
+$66.7M

Sector Composition

Rank Sector Weight
1 Financials 20.9%
2 Healthcare 13.71%
3 Technology 12.36%
4 Consumer Discretionary 9.91%
5 Communication Services 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZO icon
26
AutoZone
AZO
$50.1B
$134M 0.93%
201,567
+10,765
+6% +$7.37M
CSCO icon
27
Cisco
CSCO
$476B
$133M 0.92%
4,830,843
+216,200
+5% +$6.2M
EXC icon
28
Exelon
EXC
$46.7B
$121M 0.84%
5,389,273
-690,765
-11% -$16.5M
APTV icon
29
Aptiv
APTV
$9.61B
$120M 0.83%
1,406,290
– –
GE icon
30
GE Aerospace
GE
$389B
$118M 0.82%
924,336
+5,238
+0.6% +$679K
PG icon
31
Procter & Gamble
PG
$342B
$116M 0.81%
1,488,512
+141,300
+10% +$11.4M
AIG icon
32
American International
AIG
$42.4B
$112M 0.77%
1,803,702
+360,700
+25% +$21.3M
SLB icon
33
SLB Ltd
SLB
$76.5B
$107M 0.75%
1,246,583
-574,600
-32% -$51.9M
TMO icon
34
Thermo Fisher Scientific
TMO
$214B
$102M 0.71%
786,403
+1,300
+0.2% +$169K
AXP icon
35
American Express
AXP
$231B
$94.1M 0.65%
1,210,811
+872,700
+258% +$69.2M
T icon
36
AT&T
T
$162B
$92.8M 0.64%
3,459,648
+15,623
+0.5% +$404K
IBM icon
37
IBM
IBM
$220B
$89M 0.62%
572,303
-39,121
-6% -$6.29M
PFE icon
38
Pfizer
PFE
$149B
$88.9M 0.62%
2,794,101
-44,795
-2% -$1.46M
EBAY icon
39
eBay
EBAY
$48.9B
$88.2M 0.61%
3,477,956
+9,504
+0.3% +$237K
CMCSA icon
40
Comcast
CMCSA
$89.3B
$87.1M 0.61%
2,896,498
+118,800
+4% +$3.49M
PM icon
41
Philip Morris
PM
$293B
$83.9M 0.58%
1,046,050
-112,300
-10% -$9.24M
TSCO icon
42
Tractor Supply
TSCO
$17.9B
$79.9M 0.55%
4,439,500
+2,000
+0% +$35.5K
COR icon
43
Cencora
COR
$63.2B
$78.2M 0.54%
734,980
+654,500
+813% +$73.7M
MRK icon
44
Merck
MRK
$317B
$77.3M 0.54%
1,422,925
-28,517
-2% -$1.6M
BAX icon
45
Baxter International
BAX
$14B
$76.3M 0.53%
2,008,603
+1,623,210
+421% +$60.7M
INTC icon
46
Intel
INTC
$503B
$76.3M 0.53%
2,507,755
-115,300
-4% -$3.73M
XLF icon
47
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
$72.3M 0.5%
3,380,074
+1,139,146
+51% +$24.6M
CVX icon
48
Chevron
CVX
$371B
$70.4M 0.49%
729,304
+4,000
+0.6% +$420K
DIS icon
49
Walt Disney
DIS
$182B
$69.1M 0.48%
605,425
+2,200
+0.4% +$242K
MO icon
50
Altria Group
MO
$113B
$65.8M 0.46%
1,344,974
-91,900
-6% -$4.66M
1
2
3 4 5

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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 Q2 2015 Portfolio in Review

As of Q2 2015, State of Michigan Retirement System held 975 positions worth $14.4B, up 0.83% from $14.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q2 2015: portfolio turnover was 4.5%. State of Michigan Retirement System opened 24 new positions and exited 20, leaving the 975-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2015 buy was Balchem Corp: 220,000 shares worth $12.3M.
  • State of Michigan Retirement System added most to Aflac in Q2 2015, an estimated $281M increase.
  • State of Michigan Retirement System's biggest Q2 2015 reduction was Verizon, cutting an estimated $129M.
  • State of Michigan Retirement System fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $26.4M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $14.4B portfolio in Q2 2015.
  • State of Michigan Retirement System opened 24 new positions and closed 20 in Q2 2015.
  • State of Michigan Retirement System's portfolio value rose 0.83% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q2 2015, filed 3 Aug 2015.