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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
PVH icon
501
PVH
PVH
$4.04B
$3.39M 0.02%
31,800
-2,100
-6% -$227K
CNP icon
502
CenterPoint Energy
CNP
$26.8B
$3.38M 0.02%
165,838
-11,200
-6% -$245K
EXR icon
503
Extra Space Storage
EXR
$31.6B
$3.38M 0.02%
50,100
-2,500
-5% -$164K
CAM
504
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$3.37M 0.02%
74,707
-6,600
-8% -$301K
FLG
505
Flagstar Bank National Association
FLG
$5.82B
$3.36M 0.02%
66,857
-3,366
-5% -$164K
MLM icon
506
Martin Marietta Materials
MLM
$33B
$3.34M 0.02%
23,900
-1,600
-6% -$206K
IT icon
507
Gartner
IT
$11.7B
$3.33M 0.02%
39,700
-2,200
-5% -$182K
RRC icon
508
Range Resources
RRC
$8.95B
$3.33M 0.02%
63,923
-5,600
-8% -$278K
DRI icon
509
Darden Restaurants
DRI
$24.4B
$3.31M 0.02%
53,479
-7,607
-12% -$426K
AYI icon
510
Acuity Brands
AYI
$10.8B
$3.31M 0.02%
19,700
-900
-4% -$141K
DISCK
511
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$3.31M 0.02%
112,277
+7,340
+7% +$222K
FTI icon
512
TechnipFMC
FTI
$27.3B
$3.31M 0.02%
120,038
-9,408
-7% -$276K
IDXX icon
513
Idexx Laboratories
IDXX
$46.2B
$3.31M 0.02%
42,800
-2,600
-6% -$202K
SNA icon
514
Snap-on
SNA
$21.5B
$3.3M 0.02%
22,451
-1,500
-6% -$211K
NRG icon
515
NRG Energy
NRG
$24.8B
$3.28M 0.02%
130,236
-9,000
-6% -$227K
RJF icon
516
Raymond James Financial
RJF
$34B
$3.27M 0.02%
86,438
-3,450
-4% -$129K
UNM icon
517
Unum
UNM
$14.3B
$3.27M 0.02%
97,009
-6,800
-7% -$226K
FLR icon
518
Fluor
FLR
$7.96B
$3.26M 0.02%
56,973
-7,400
-11% -$421K
TGNA
519
DELISTED
TEGNA Inc
TGNA
$3.24M 0.02%
167,238
-10,513
-6% -$186K
SNPS icon
520
Synopsys
SNPS
$79.7B
$3.23M 0.02%
69,700
-4,500
-6% -$201K
MWV
521
DELISTED
MEADWESTVACO CORP
MWV
$3.22M 0.02%
64,606
-4,100
-6% -$204K
ARE icon
522
Alexandria Real Estate Equities
ARE
$8.56B
$3.21M 0.02%
32,700
-1,600
-5% -$154K
AES icon
523
AES
AES
$10.5B
$3.2M 0.02%
249,325
-20,900
-8% -$262K
FFIV icon
524
F5
FFIV
$22.7B
$3.19M 0.02%
27,784
-2,600
-9% -$306K
CPB icon
525
Campbell Soup
CPB
$6.87B
$3.19M 0.02%
68,547
-5,200
-7% -$240K
19 20
21
22 23

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.