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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
GAS
626
DELISTED
AGL Resources Inc
GAS
$2.29M 0.02%
46,141
-3,100
-6% -$161K
JBLU icon
627
JetBlue
JBLU
$2.29B
$2.28M 0.02%
118,323
+1,700
+1% +$28.9K
TFX icon
628
Teleflex
TFX
$5.98B
$2.27M 0.02%
18,830
-900
-5% -$104K
SIRO
629
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
$2.27M 0.02%
25,200
-1,200
-5% -$108K
ALLE icon
630
Allegion
ALLE
$14.4B
$2.26M 0.02%
37,005
-2,400
-6% -$137K
VYX icon
631
NCR Voyix
VYX
$1.14B
$2.26M 0.02%
124,597
-6,031
-5% -$105K
FTNT icon
632
Fortinet
FTNT
$117B
$2.25M 0.02%
321,500
-8,000
-2% -$52.2K
SVC
633
Service Properties Trust
SVC
$1.07B
$2.24M 0.02%
13,695
-665
-5% -$106K
GWR
634
DELISTED
Genesee & Wyoming Inc.
GWR
$2.24M 0.02%
23,200
-1,200
-5% -$112K
EV
635
DELISTED
Eaton Vance Corp.
EV
$2.24M 0.02%
53,700
-2,600
-5% -$108K
AOS icon
636
A.O. Smith
AOS
$8.7B
$2.23M 0.02%
68,000
-3,600
-5% -$109K
RVTY icon
637
Revvity
RVTY
$12.8B
$2.23M 0.02%
43,641
-2,900
-6% -$134K
GRMN
638
Garmin
GRMN
$60B
$2.22M 0.02%
46,646
-3,000
-6% -$153K
TCO
639
DELISTED
Taubman Centers Inc.
TCO
$2.21M 0.02%
28,700
-1,400
-5% -$110K
CRI icon
640
Carter's
CRI
$1.47B
$2.21M 0.02%
23,900
-1,300
-5% -$112K
ULTI
641
DELISTED
Ultimate Software Group Inc
ULTI
$2.21M 0.02%
13,000
-500
-4% -$79.3K
STLD icon
642
Steel Dynamics
STLD
$37.6B
$2.2M 0.02%
109,500
-4,900
-4% -$91.3K
CBOE icon
643
Cboe Global Markets
CBOE
$29.9B
$2.19M 0.02%
38,100
-2,100
-5% -$131K
EGN
644
DELISTED
Energen
EGN
$2.19M 0.02%
33,100
-1,700
-5% -$110K
NFX
645
DELISTED
Newfield Exploration
NFX
$2.18M 0.02%
62,072
+5,700
+10% +$173K
INFA
646
DELISTED
INFORMATICA CORP
INFA
$2.17M 0.02%
49,600
-2,100
-4% -$87.4K
ACM icon
647
Aecom
ACM
$9.75B
$2.17M 0.02%
70,500
-2,700
-4% -$77K
DCI icon
648
Donaldson
DCI
$11.4B
$2.17M 0.02%
57,520
-3,200
-5% -$120K
BC icon
649
Brunswick
BC
$5.28B
$2.17M 0.02%
42,100
-2,100
-5% -$111K
RS icon
650
Reliance Steel & Aluminium
RS
$21.6B
$2.15M 0.02%
35,200
-2,000
-5% -$113K
24 25
26
27 28

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.