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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
AN icon
701
AutoNation
AN
$6.92B
$1.86M 0.01%
28,921
-1,800
-6% -$110K
TER icon
702
Teradyne
TER
$59.3B
$1.86M 0.01%
98,700
-4,300
-4% -$82.4K
AVY icon
703
Avery Dennison
AVY
$13.4B
$1.85M 0.01%
34,950
-2,600
-7% -$138K
PNRA
704
DELISTED
Panera Bread Co
PNRA
$1.84M 0.01%
11,500
-700
-6% -$116K
WRI
705
DELISTED
Weingarten Realty Investors
WRI
$1.84M 0.01%
51,100
-2,400
-4% -$87.4K
TYL icon
706
Tyler Technologies
TYL
$12.8B
$1.83M 0.01%
15,200
-500
-3% -$57.3K
WCG
707
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.82M 0.01%
19,900
-1,000
-5% -$83.5K
HME
708
DELISTED
HOME PROPERTIES, INC
HME
$1.81M 0.01%
26,200
-1,100
-4% -$76.1K
PBI icon
709
Pitney Bowes
PBI
$2.39B
$1.81M 0.01%
77,759
-5,000
-6% -$116K
PBCT
710
DELISTED
People's United Financial Inc
PBCT
$1.81M 0.01%
118,871
-8,000
-6% -$119K
BDC icon
711
Belden
BDC
$5.19B
$1.81M 0.01%
19,300
-1,100
-5% -$94.8K
PAY
712
DELISTED
Verifone Systems Inc
PAY
$1.8M 0.01%
51,600
-2,200
-4% -$76.3K
ATR icon
713
AptarGroup
ATR
$8.61B
$1.8M 0.01%
28,300
-2,500
-8% -$161K
WOLF icon
714
Wolfspeed
WOLF
$1.71B
$1.8M 0.01%
50,600
-6,200
-11% -$224K
NBR icon
715
Nabors Industries
NBR
$1.21B
$1.79M 0.01%
2,623
+250
+11% +$152K
SLM icon
716
SLM Corp
SLM
$5.15B
$1.78M 0.01%
191,925
-9,500
-5% -$89.3K
GPOR
717
DELISTED
Gulfport Energy Corp.
GPOR
$1.78M 0.01%
38,800
-1,900
-5% -$80.4K
IM
718
DELISTED
Ingram Micro
IM
$1.78M 0.01%
70,800
-3,400
-5% -$86.5K
DNB
719
DELISTED
Dun & Bradstreet
DNB
$1.78M 0.01%
13,846
-900
-6% -$113K
ALGN icon
720
Align Technology
ALGN
$12.3B
$1.77M 0.01%
32,900
-1,500
-4% -$85.5K
BRO icon
721
Brown & Brown
BRO
$23.9B
$1.76M 0.01%
106,600
-5,600
-5% -$90.4K
URBN icon
722
Urban Outfitters
URBN
$6.59B
$1.76M 0.01%
38,619
-2,600
-6% -$101K
TE
723
DELISTED
TECO ENERGY INC
TE
$1.76M 0.01%
90,848
-5,800
-6% -$117K
EAT icon
724
Brinker International
EAT
$9.66B
$1.76M 0.01%
28,577
-1,700
-6% -$102K
UNFI icon
725
United Natural Foods
UNFI
$2.85B
$1.75M 0.01%
22,700
-1,000
-4% -$78.4K
27 28
29
30 31

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.