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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
ANSS
476
DELISTED
Ansys
ANSS
$3.6M 0.03%
40,800
-2,900
-7% -$245K
EXPE icon
477
Expedia Group
EXPE
$37.3B
$3.59M 0.03%
38,164
-2,500
-6% -$222K
DINO icon
478
HF Sinclair
DINO
$14.5B
$3.58M 0.03%
88,890
-4,300
-5% -$165K
TRIP icon
479
TripAdvisor
TRIP
$1.26B
$3.58M 0.03%
43,038
-2,900
-6% -$228K
LEN icon
480
Lennar Class A
LEN
$21.2B
$3.57M 0.03%
72,331
-4,938
-6% -$225K
JBHT icon
481
JB Hunt Transport Services
JBHT
$25.2B
$3.57M 0.03%
41,760
-2,300
-5% -$192K
EXPD icon
482
Expeditors International
EXPD
$23.2B
$3.56M 0.03%
73,995
-5,500
-7% -$253K
Y
483
DELISTED
Alleghany Corp
Y
$3.56M 0.02%
7,300
-400
-5% -$187K
CSC
484
DELISTED
Computer Sciences
CSC
$3.55M 0.02%
129,027
-8,306
-6% -$229K
HAR
485
DELISTED
Harman International Industries
HAR
$3.54M 0.02%
26,514
-1,700
-6% -$212K
LKQ icon
486
LKQ Corp
LKQ
$6.29B
$3.52M 0.02%
137,800
-6,400
-4% -$166K
IPG
487
DELISTED
Interpublic Group of Companies
IPG
$3.52M 0.02%
159,073
-13,200
-8% -$280K
CLF icon
488
Cleveland-Cliffs
CLF
$6.99B
$3.51M 0.02%
728,905
-1,593,000
-69% -$10.3M
WWAV
489
DELISTED
The WhiteWave Foods Company
WWAV
$3.5M 0.02%
79,034
-3,900
-5% -$149K
AJG icon
490
Arthur J. Gallagher & Co
AJG
$63.6B
$3.49M 0.02%
74,700
-2,100
-3% -$98.1K
PKG icon
491
Packaging Corp of America
PKG
$22.8B
$3.49M 0.02%
44,600
-2,200
-5% -$175K
JLL icon
492
Jones Lang LaSalle
JLL
$16.7B
$3.46M 0.02%
20,300
-1,000
-5% -$158K
HBAN icon
493
Huntington Bancshares
HBAN
$35.5B
$3.45M 0.02%
312,486
-23,000
-7% -$243K
SWN
494
DELISTED
Southwestern Energy Company
SWN
$3.44M 0.02%
148,291
+2,800
+2% +$69.5K
FBIN icon
495
Fortune Brands Innovations
FBIN
$6.06B
$3.41M 0.02%
84,123
-3,744
-4% -$146K
CDK
496
DELISTED
CDK Global, Inc.
CDK
$3.41M 0.02%
72,900
-3,500
-5% -$160K
HRB icon
497
H&R Block
HRB
$5.86B
$3.4M 0.02%
106,166
-7,200
-6% -$241K
DRE
498
DELISTED
Duke Realty Corp.
DRE
$3.4M 0.02%
156,300
-6,300
-4% -$135K
OCR
499
DELISTED
OMNICARE INC
OCR
$3.39M 0.02%
44,030
-2,600
-6% -$197K
URI icon
500
United Rentals
URI
$72.4B
$3.39M 0.02%
37,200
-3,900
-9% -$351K
18 19
20
21 22

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.