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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
LHO
676
DELISTED
LaSalle Hotel Properties
LHO
$1.99M 0.01%
51,200
-1,900
-4% -$76.6K
BRSL
677
Brightstar Lottery PLC
BRSL
$2.03B
$1.95M 0.01%
112,100
-5,600
-5% -$97.4K
HCBK
678
DELISTED
HUDSON CITY BANCORP INC
HCBK
$1.95M 0.01%
185,722
-12,500
-6% -$122K
CGNX icon
679
Cognex
CGNX
$11.3B
$1.94M 0.01%
78,400
-4,400
-5% -$93.6K
R icon
680
Ryder
R
$10.1B
$1.94M 0.01%
20,491
-1,400
-6% -$129K
CYN
681
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.94M 0.01%
21,759
-1,100
-5% -$95.1K
CPRT icon
682
Copart
CPRT
$27.5B
$1.94M 0.01%
412,416
-20,800
-5% -$96.4K
KATE
683
DELISTED
Kate Spade & Company
KATE
$1.93M 0.01%
57,800
-2,700
-4% -$85.5K
RIG icon
684
Transocean
RIG
$5.82B
$1.93M 0.01%
131,400
-8,900
-6% -$144K
GGG icon
685
Graco
GGG
$13.5B
$1.93M 0.01%
80,100
-4,800
-6% -$120K
HIW icon
686
Highwoods Properties
HIW
$3.47B
$1.93M 0.01%
42,100
-1,300
-3% -$59.9K
EXP icon
687
Eagle Materials
EXP
$6.57B
$1.91M 0.01%
22,800
-1,100
-5% -$85.7K
FLO icon
688
Flowers Foods
FLO
$1.57B
$1.9M 0.01%
83,550
-4,400
-5% -$91.4K
DNR
689
DELISTED
Denbury Resources, Inc.
DNR
$1.9M 0.01%
260,492
+81,255
+45% +$629K
STR
690
DELISTED
QUESTAR CORP
STR
$1.9M 0.01%
79,571
-3,800
-5% -$92.7K
STE icon
691
Steris
STE
$23.1B
$1.9M 0.01%
27,000
-1,300
-5% -$85.8K
KEX icon
692
Kirby Corp
KEX
$6.93B
$1.89M 0.01%
25,200
-2,000
-7% -$154K
WEX icon
693
WEX
WEX
$6.31B
$1.89M 0.01%
17,600
-800
-4% -$80.7K
PTC icon
694
PTC
PTC
$16B
$1.89M 0.01%
52,139
-3,100
-6% -$107K
THC icon
695
Tenet Healthcare
THC
$21.1B
$1.88M 0.01%
38,040
-2,400
-6% -$112K
MDU icon
696
MDU Resources
MDU
$4.32B
$1.88M 0.01%
231,856
-11,045
-5% -$93.7K
WKC icon
697
World Kinect Corp
WKC
$1.86B
$1.88M 0.01%
32,700
-1,600
-5% -$83.1K
WDR
698
DELISTED
Waddell & Reed Financial, Inc.
WDR
$1.88M 0.01%
37,900
-1,900
-5% -$90.9K
RGLD icon
699
Royal Gold
RGLD
$19.5B
$1.87M 0.01%
29,600
-1,400
-5% -$96.2K
GXP
700
DELISTED
Great Plains Energy Incorporated
GXP
$1.86M 0.01%
69,910
-3,300
-5% -$91.4K
26 27
28
29 30

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.