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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
LMT icon
51
Lockheed Martin
LMT
$136B
$63.6M 0.45%
313,327
+27,600
+10% +$5.45M
DIS icon
52
Walt Disney
DIS
$181B
$63.3M 0.44%
603,225
-39,400
-6% -$3.97M
AMZN icon
53
Amazon
AMZN
$2.96T
$54.6M 0.38%
2,937,000
-190,000
-6% -$3.34M
ACN icon
54
Accenture
ACN
$108B
$54.2M 0.38%
578,402
-6,000
-1% -$536K
BMY icon
55
Bristol-Myers Squibb
BMY
$132B
$52.3M 0.37%
810,153
-42,100
-5% -$2.64M
TJX icon
56
TJX Companies
TJX
$178B
$51.1M 0.36%
1,459,572
+892,000
+157% +$30.4M
V icon
57
Visa
V
$677B
$49.2M 0.34%
751,980
-52,900
-7% -$3.5M
EMR icon
58
Emerson Electric
EMR
$88.3B
$48.4M 0.34%
854,327
+46,700
+6% +$2.71M
UNH icon
59
UnitedHealth
UNH
$370B
$48.2M 0.34%
407,303
-27,400
-6% -$3.04M
XLF icon
60
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$47.4M 0.33%
2,240,928
+213,248
+11% +$4.51M
AMGN icon
61
Amgen
AMGN
$222B
$46.8M 0.33%
292,762
-20,600
-7% -$3.24M
LYB icon
62
LyondellBasell Industries
LYB
$19.2B
$45.7M 0.32%
520,632
-32,400
-6% -$2.72M
AGN
63
DELISTED
Allergan plc
AGN
$44.8M 0.31%
150,652
+41,492
+38% +$11.8M
QCOM icon
64
Qualcomm
QCOM
$176B
$44.1M 0.31%
636,295
-2,115,800
-77% -$149M
MMM icon
65
3M
MMM
$94.3B
$43.8M 0.31%
317,734
-22,844
-7% -$3.15M
MDT icon
66
Medtronic
MDT
$112B
$42.9M 0.3%
549,690
+144,246
+36% +$10.9M
APOL
67
DELISTED
Apollo Education Group Inc Class A
APOL
$41.5M 0.29%
2,193,859
-2,200
-0.1% -$58.1K
TSLA icon
68
Tesla
TSLA
$1.3T
$41.2M 0.29%
3,274,815
-6,075,000
-65% -$82M
GD icon
69
General Dynamics
GD
$106B
$40M 0.28%
294,811
+55,600
+23% +$7.63M
NOV icon
70
NOV
NOV
$7B
$38.3M 0.27%
765,910
+155,100
+25% +$8.41M
BIIB icon
71
Biogen
BIIB
$30.7B
$38.2M 0.27%
90,501
-6,800
-7% -$2.68M
BA icon
72
Boeing
BA
$185B
$37.9M 0.27%
252,690
-20,400
-7% -$2.97M
MCD icon
73
McDonald's
MCD
$195B
$36.1M 0.25%
370,789
-30,100
-8% -$2.86M
ABBV icon
74
AbbVie
ABBV
$435B
$36M 0.25%
614,863
-41,400
-6% -$2.5M
CELG
75
DELISTED
Celgene Corp
CELG
$35.6M 0.25%
308,880
-20,100
-6% -$2.4M
1 2
3
4 5

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.