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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
SUNE
576
DELISTED
SUNEDISON, INC COM
SUNE
$2.74M 0.02%
114,200
-5,700
-5% -$123K
ADT
577
DELISTED
ADT Corp
ADT
$2.74M 0.02%
65,992
-5,900
-8% -$221K
CSL icon
578
Carlisle Companies
CSL
$15.4B
$2.73M 0.02%
29,520
-1,000
-3% -$92.1K
HAS icon
579
Hasbro
HAS
$13.2B
$2.73M 0.02%
43,199
-3,400
-7% -$200K
FTR
580
DELISTED
Frontier Communications Corp.
FTR
$2.73M 0.02%
25,778
-1,740
-6% -$193K
PNW icon
581
Pinnacle West Capital
PNW
$12.2B
$2.72M 0.02%
42,623
-2,900
-6% -$194K
VRSN icon
582
VeriSign
VRSN
$26.6B
$2.72M 0.02%
40,553
-4,300
-10% -$261K
JEF icon
583
Jefferies Financial Group
JEF
$13.1B
$2.71M 0.02%
135,881
-9,942
-7% -$205K
WCN
584
Waste Connections
WCN
$42B
$2.7M 0.02%
84,225
-4,350
-5% -$133K
GL icon
585
Globe Life
GL
$14.3B
$2.69M 0.02%
49,046
-3,900
-7% -$207K
IEX icon
586
IDEX
IEX
$17.3B
$2.69M 0.02%
35,500
-2,300
-6% -$173K
ALB icon
587
Albemarle
ALB
$15.5B
$2.69M 0.02%
50,820
+13,600
+37% +$743K
HUB.B
588
DELISTED
HUBBELL INC CL-B
HUB.B
$2.68M 0.02%
24,414
-1,400
-5% -$154K
MAA icon
589
Mid-America Apartment Communities
MAA
$15.7B
$2.63M 0.02%
34,100
-1,700
-5% -$130K
EWBC icon
590
East-West Bancorp
EWBC
$18B
$2.63M 0.02%
65,100
-3,200
-5% -$125K
IRM icon
591
Iron Mountain
IRM
$36.1B
$2.63M 0.02%
72,130
-4,700
-6% -$181K
POM
592
DELISTED
PEPCO HOLDINGS, INC.
POM
$2.62M 0.02%
97,522
-6,200
-6% -$168K
SEIC icon
593
SEI Investments
SEIC
$12.6B
$2.6M 0.02%
59,000
-3,100
-5% -$130K
JKHY icon
594
Jack Henry & Associates
JKHY
$11.1B
$2.59M 0.02%
37,050
-1,900
-5% -$124K
SNI
595
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.57M 0.02%
37,543
-4,300
-10% -$313K
UGI icon
596
UGI
UGI
$7.33B
$2.55M 0.02%
78,300
-3,800
-5% -$133K
OHI icon
597
Omega Healthcare
OHI
$14.7B
$2.55M 0.02%
62,800
+2,200
+4% +$91.1K
DKS icon
598
Dick's Sporting Goods
DKS
$18.7B
$2.54M 0.02%
44,500
-2,200
-5% -$121K
DPZ icon
599
Domino's
DPZ
$11.6B
$2.53M 0.02%
25,200
-1,000
-4% -$101K
ATO icon
600
Atmos Energy
ATO
$28.8B
$2.53M 0.02%
45,700
-2,100
-4% -$116K
22 23
24
25 26

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.