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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
ACC
651
DELISTED
American Campus Communities, Inc.
ACC
$2.14M 0.02%
50,000
– –
CXW icon
652
CoreCivic
CXW
$3.19B
$2.13M 0.01%
52,912
-2,500
-5% -$98.5K
AFG icon
653
American Financial Group
AFG
$12.1B
$2.13M 0.01%
33,190
-1,900
-5% -$118K
CNK icon
654
Cinemark Holdings
CNK
$4.32B
$2.13M 0.01%
47,200
-2,400
-5% -$94.8K
LM
655
DELISTED
Legg Mason, Inc.
LM
$2.11M 0.01%
38,276
-3,100
-7% -$174K
ZION icon
656
Zions Bancorporation
ZION
$10.3B
$2.11M 0.01%
78,238
-5,400
-6% -$141K
WTRG icon
657
Essential Utilities
WTRG
$11.4B
$2.11M 0.01%
80,116
-3,900
-5% -$104K
HNT
658
DELISTED
HEALTH NET INC
HNT
$2.11M 0.01%
34,868
-2,200
-6% -$124K
GHC icon
659
Graham Holdings Company
GHC
$5.02B
$2.1M 0.01%
3,310
-166
-5% -$98K
ZBRA icon
660
Zebra Technologies
ZBRA
$17.8B
$2.1M 0.01%
23,100
-1,100
-5% -$95.2K
LII icon
661
Lennox International
LII
$15.2B
$2.08M 0.01%
18,600
-2,400
-11% -$248K
SON icon
662
Sonoco
SON
$5.74B
$2.07M 0.01%
45,611
-2,600
-5% -$118K
BMR
663
DELISTED
BIOMED REALTY TRUST INC
BMR
$2.07M 0.01%
91,300
-2,700
-3% -$62K
RNR icon
664
RenaissanceRe
RNR
$13.4B
$2.06M 0.01%
20,700
+2,400
+13% +$240K
OA
665
DELISTED
Orbital ATK, Inc.
OA
$2.06M 0.01%
26,900
+11,700
+77% +$1.11M
XLS
666
DELISTED
EXELIS INC COM STK
XLS
$2.06M 0.01%
84,500
-4,400
-5% -$94K
PACW
667
DELISTED
PacWest Bancorp
PACW
$2.06M 0.01%
43,900
-2,200
-5% -$99.3K
AMCX icon
668
AMC Global Media
AMCX
$489M
$2.05M 0.01%
26,750
-1,400
-5% -$96.7K
JBL icon
669
Jabil
JBL
$35.8B
$2.05M 0.01%
87,600
-4,400
-5% -$95.9K
ODP
670
DELISTED
ODP
ODP
$2.05M 0.01%
22,250
-820
-4% -$73K
BMS
671
DELISTED
Bemis
BMS
$2.05M 0.01%
44,200
-3,300
-7% -$153K
WOOF
672
DELISTED
VCA Inc.
WOOF
$2.04M 0.01%
37,200
-2,800
-7% -$146K
NDSN icon
673
Nordson
NDSN
$17.3B
$2.03M 0.01%
25,960
-2,000
-7% -$152K
CY
674
DELISTED
Cypress Semiconductor
CY
$2.03M 0.01%
144,000
+73,400
+104% +$1.09M
MMS icon
675
Maximus
MMS
$3.1B
$2M 0.01%
+29,900
New +$1.78M
25 26
27
28 29

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.