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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
INGR icon
601
Ingredion
INGR
$6.58B
$2.52M 0.02%
32,400
-1,800
-5% -$147K
TRN icon
602
Trinity Industries
TRN
$2.38B
$2.51M 0.02%
98,055
-4,862
-5% -$106K
CNX icon
603
CNX Resources
CNX
$5.2B
$2.48M 0.02%
106,610
-7,200
-6% -$183K
HCC
604
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$2.48M 0.02%
43,700
-2,400
-5% -$133K
TDC icon
605
Teradata
TDC
$2.55B
$2.47M 0.02%
56,012
-7,000
-11% -$306K
XYL icon
606
Xylem
XYL
$28.1B
$2.46M 0.02%
70,344
-4,600
-6% -$162K
LEG icon
607
Leggett & Platt
LEG
$1.31B
$2.46M 0.02%
53,325
-3,400
-6% -$152K
NNN icon
608
NNN REIT
NNN
$8.99B
$2.45M 0.02%
59,900
-2,900
-5% -$120K
GNTX icon
609
Gentex
GNTX
$5.07B
$2.45M 0.02%
133,800
-5,600
-4% -$98.8K
CDNS icon
610
Cadence Design Systems
CDNS
$93.4B
$2.44M 0.02%
132,510
-6,800
-5% -$124K
OII icon
611
Oceaneering
OII
$4.77B
$2.44M 0.02%
45,200
-4,800
-10% -$256K
TSS
612
DELISTED
Total System Services, Inc.
TSS
$2.42M 0.02%
63,533
-4,600
-7% -$168K
LPT
613
DELISTED
Liberty Property Trust
LPT
$2.41M 0.02%
67,500
-3,200
-5% -$122K
SCI icon
614
Service Corp International
SCI
$11.6B
$2.4M 0.02%
92,000
-6,800
-7% -$165K
ODFL icon
615
Old Dominion Freight Line
ODFL
$44.9B
$2.38M 0.02%
92,400
-4,800
-5% -$121K
AIV
616
Aimco
AIV
$383M
$2.37M 0.02%
452,570
+750
+0.2% +$3.9K
DHC
617
Diversified Healthcare Trust
DHC
$2.14B
$2.36M 0.02%
107,459
+9,586
+10% +$214K
NVR icon
618
NVR
NVR
$17B
$2.34M 0.02%
1,764
-100
-5% -$131K
PWR icon
619
Quanta Services
PWR
$101B
$2.33M 0.02%
81,622
-8,000
-9% -$224K
NDAQ icon
620
Nasdaq
NDAQ
$52.9B
$2.32M 0.02%
136,785
-8,100
-6% -$132K
WR
621
DELISTED
Westar Energy Inc
WR
$2.32M 0.02%
59,850
-2,400
-4% -$96.5K
WRB icon
622
W.R. Berkley
WRB
$26.6B
$2.31M 0.02%
154,086
-9,112
-6% -$135K
NFG icon
623
National Fuel Gas
NFG
$7.65B
$2.3M 0.02%
38,180
-1,900
-5% -$122K
LECO icon
624
Lincoln Electric
LECO
$15.4B
$2.3M 0.02%
35,200
-1,800
-5% -$122K
NEU icon
625
NewMarket
NEU
$8.18B
$2.29M 0.02%
4,800
-300
-6% -$135K
23 24
25
26 27

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.