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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
ETFC
526
DELISTED
E*Trade Financial Corporation
ETFC
$3.18M 0.02%
111,450
-7,500
-6% -$191K
LNT icon
527
Alliant Energy
LNT
$18B
$3.17M 0.02%
100,520
-5,000
-5% -$163K
LHX icon
528
L3Harris
LHX
$53.4B
$3.16M 0.02%
40,124
-3,000
-7% -$219K
RHI icon
529
Robert Half
RHI
$4.37B
$3.16M 0.02%
52,160
-3,800
-7% -$229K
JNPR
530
DELISTED
Juniper Networks
JNPR
$3.15M 0.02%
139,700
-18,900
-12% -$436K
NAVI icon
531
Navient
NAVI
$853M
$3.15M 0.02%
154,825
-14,100
-8% -$290K
MSCI icon
532
MSCI
MSCI
$40.9B
$3.12M 0.02%
50,900
-2,400
-5% -$134K
CMA
533
DELISTED
Comerica
CMA
$3.1M 0.02%
68,776
-5,200
-7% -$232K
WSM icon
534
Williams-Sonoma
WSM
$29.6B
$3.09M 0.02%
77,600
-4,000
-5% -$159K
NWSA icon
535
News Corp Class A
NWSA
$15.4B
$3.08M 0.02%
192,619
-12,900
-6% -$209K
HII icon
536
Huntington Ingalls Industries
HII
$12.8B
$3.07M 0.02%
21,934
-1,000
-4% -$129K
CPT icon
537
Camden Property Trust
CPT
$11.3B
$3.07M 0.02%
39,300
-1,800
-4% -$138K
CTAS icon
538
Cintas
CTAS
$81.3B
$3.06M 0.02%
150,172
-10,000
-6% -$203K
RL icon
539
Ralph Lauren
RL
$23.6B
$3.06M 0.02%
23,233
-1,700
-7% -$252K
BEAV
540
DELISTED
B/E Aerospace Inc
BEAV
$3.05M 0.02%
48,000
-2,100
-4% -$129K
CINF icon
541
Cincinnati Financial
CINF
$27.1B
$3.04M 0.02%
56,985
-3,600
-6% -$189K
SCG
542
DELISTED
Scana
SCG
$3.03M 0.02%
55,084
-3,600
-6% -$212K
BR icon
543
Broadridge
BR
$19B
$3.02M 0.02%
54,822
-2,300
-4% -$117K
MUR icon
544
Murphy Oil
MUR
$4.78B
$3M 0.02%
64,401
-4,300
-6% -$208K
KRC icon
545
Kilroy Realty
KRC
$4.42B
$2.99M 0.02%
39,200
-800
-2% -$59.7K
MAT icon
546
Mattel
MAT
$4.23B
$2.98M 0.02%
130,489
-9,100
-7% -$241K
NE
547
DELISTED
Noble Corporation
NE
$2.98M 0.02%
208,466
-10,500
-5% -$170K
TRMB icon
548
Trimble
TRMB
$13.9B
$2.96M 0.02%
117,500
-5,800
-5% -$149K
HRL icon
549
Hormel Foods
HRL
$13.8B
$2.96M 0.02%
103,964
-6,800
-6% -$186K
SBNY
550
DELISTED
Signature Bank
SBNY
$2.95M 0.02%
22,800
-1,100
-5% -$137K
20 21
22
23 24

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.