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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
HAIN icon
551
Hain Celestial
HAIN
$53.7M
$2.95M 0.02%
46,100
-1,900
-4% -$112K
PCL
552
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$2.95M 0.02%
67,881
-4,600
-6% -$201K
FMC icon
553
FMC
FMC
$1.33B
$2.94M 0.02%
59,243
-4,036
-6% -$210K
FLS icon
554
Flowserve
FLS
$10.2B
$2.94M 0.02%
51,975
-4,200
-7% -$244K
FDO
555
DELISTED
FAMILY DOLLAR STORES
FDO
$2.94M 0.02%
37,047
-2,500
-6% -$195K
SIVB
556
DELISTED
SVB Financial Group
SIVB
$2.94M 0.02%
23,100
-1,100
-5% -$131K
RPM icon
557
RPM International
RPM
$15B
$2.91M 0.02%
60,618
-2,900
-5% -$140K
RGA icon
558
Reinsurance Group of America
RGA
$16.1B
$2.91M 0.02%
31,200
-1,500
-5% -$132K
REG icon
559
Regency Centers
REG
$14.1B
$2.9M 0.02%
42,700
-1,700
-4% -$114K
OGE icon
560
OGE Energy
OGE
$9.71B
$2.86M 0.02%
90,420
-4,400
-5% -$148K
VAL
561
DELISTED
Valspar
VAL
$2.85M 0.02%
33,900
-2,400
-7% -$206K
TOL icon
562
Toll Brothers
TOL
$14.5B
$2.85M 0.02%
72,400
-4,600
-6% -$168K
PHM icon
563
Pultegroup
PHM
$25.3B
$2.84M 0.02%
127,881
-9,600
-7% -$209K
KEYS icon
564
Keysight
KEYS
$58.3B
$2.84M 0.02%
76,400
-3,300
-4% -$119K
CHK
565
DELISTED
Chesapeake Energy Corporation
CHK
$2.83M 0.02%
998
-71
-7% -$251K
HP icon
566
Helmerich & Payne
HP
$3.71B
$2.82M 0.02%
41,480
-3,100
-7% -$203K
GT icon
567
Goodyear
GT
$1.85B
$2.81M 0.02%
103,940
-9,200
-8% -$240K
FDS icon
568
Factset
FDS
$10.2B
$2.8M 0.02%
17,600
-900
-5% -$135K
DRC
569
DELISTED
DRESSER-RAND GROUP INC
DRC
$2.79M 0.02%
34,700
-1,800
-5% -$146K
GPN icon
570
Global Payments
GPN
$22.8B
$2.79M 0.02%
60,800
-3,600
-6% -$161K
ARG
571
DELISTED
Airgas Inc
ARG
$2.77M 0.02%
26,121
-1,600
-6% -$181K
CYH icon
572
Community Health Systems
CYH
$423M
$2.77M 0.02%
64,002
-2,904
-4% -$120K
XRAY icon
573
Dentsply Sirona
XRAY
$2.43B
$2.76M 0.02%
54,189
-4,100
-7% -$211K
AVT icon
574
Avnet
AVT
$7.92B
$2.75M 0.02%
61,840
-3,400
-5% -$150K
RAX
575
DELISTED
Rackspace Hosting Inc
RAX
$2.75M 0.02%
53,200
-3,500
-6% -$172K
21 22
23
24 25

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.