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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
+0.61%
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
$14.4B
AUM Growth
+$118M
Cap. Flow
+$149M
Cap. Flow %
1.03%
Top 10 Hldgs %
23.26%
Holding
975
New
24
Increased
657
Reduced
204
Closed
20

Top Buys

Rank Stock Value
1
AFL icon
Aflac
AFL
+$281M
2
JPM icon
JPMorgan Chase
JPM
+$135M
3
WMT icon
Walmart Inc
WMT
+$80.5M
4
COR icon
Cencora
COR
+$73.7M
5
TSLA icon
Tesla
TSLA
+$71.4M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$129M
2
GS icon
Goldman Sachs
GS
+$102M
3
VIAB
Viacom Inc. Class B
VIAB
+$84.8M
4
PEP icon
PepsiCo
PEP
+$80.5M
5
EG icon
Everest Group
EG
+$66.7M

Sector Composition

Rank Sector Weight
1 Financials 20.9%
2 Healthcare 13.71%
3 Technology 12.36%
4 Consumer Discretionary 9.91%
5 Communication Services 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
51
Amazon
AMZN
$2.96T
$64.3M 0.45%
2,961,000
+24,000
+0.8% +$502K
ORCL icon
52
Oracle
ORCL
$418B
$63.3M 0.44%
1,571,848
+51,500
+3% +$2.23M
KO icon
53
Coca-Cola
KO
$375B
$62.9M 0.44%
1,603,256
+5,500
+0.3% +$224K
LMT icon
54
Lockheed Martin
LMT
$136B
$58.3M 0.4%
313,527
+200
+0.1% +$38.5K
KMI icon
55
Kinder Morgan
KMI
$68.8B
$56.3M 0.39%
1,467,722
-551,900
-27% -$23M
RTX icon
56
RTX Corp
RTX
$300B
$56.3M 0.39%
806,066
-90,732
-10% -$6.66M
BMY icon
57
Bristol-Myers Squibb
BMY
$132B
$54.3M 0.38%
815,553
+5,400
+0.7% +$356K
PEP icon
58
PepsiCo
PEP
$190B
$53.4M 0.37%
572,473
-842,500
-60% -$80.5M
ACN icon
59
Accenture
ACN
$107B
$51M 0.35%
527,002
-51,400
-9% -$4.91M
V icon
60
Visa
V
$677B
$50.8M 0.35%
756,880
+4,900
+0.7% +$332K
HON icon
61
Honeywell
HON
$77.8B
$48.9M 0.34%
533,576
-161,147
-23% -$15M
UNH icon
62
UnitedHealth
UNH
$372B
$48.7M 0.34%
399,213
-8,090
-2% -$957K
AGN
63
DELISTED
Allergan plc
AGN
$46.2M 0.32%
152,252
+1,600
+1% +$477K
AMGN icon
64
Amgen
AMGN
$221B
$45.3M 0.31%
294,862
+2,100
+0.7% +$336K
DTV
65
DELISTED
DIRECTV COM STK (DE)
DTV
$44.9M 0.31%
484,308
+290,300
+150% +$26.2M
ABBV icon
66
AbbVie
ABBV
$433B
$44.8M 0.31%
666,863
+52,000
+8% +$3.39M
TJX icon
67
TJX Companies
TJX
$179B
$44M 0.31%
1,330,772
-128,800
-9% -$4.28M
EMR icon
68
Emerson Electric
EMR
$88.7B
$42.1M 0.29%
760,027
-94,300
-11% -$5.54M
GD icon
69
General Dynamics
GD
$105B
$41.7M 0.29%
294,311
-500
-0.2% -$69.4K
MMM icon
70
3M
MMM
$94.4B
$41.2M 0.29%
319,169
+1,435
+0.5% +$192K
MDT icon
71
Medtronic
MDT
$110B
$41M 0.28%
552,690
+3,000
+0.5% +$229K
QCOM icon
72
Qualcomm
QCOM
$175B
$39.6M 0.28%
631,995
-4,300
-0.7% -$293K
HCA icon
73
HCA Healthcare
HCA
$89.5B
$39.3M 0.27%
432,700
+319,100
+281% +$25.6M
HPQ icon
74
HP
HPQ
$27.3B
$39.2M 0.27%
2,875,620
+1,331,769
+86% +$19.8M
UPS icon
75
United Parcel Service
UPS
$89B
$37.7M 0.26%
389,162
+121,100
+45% +$12M
1 2
3
4 5

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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 Q2 2015 Portfolio in Review

As of Q2 2015, State of Michigan Retirement System held 975 positions worth $14.4B, up 0.83% from $14.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q2 2015: portfolio turnover was 4.5%. State of Michigan Retirement System opened 24 new positions and exited 20, leaving the 975-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2015 buy was Balchem Corp: 220,000 shares worth $12.3M.
  • State of Michigan Retirement System added most to Aflac in Q2 2015, an estimated $281M increase.
  • State of Michigan Retirement System's biggest Q2 2015 reduction was Verizon, cutting an estimated $129M.
  • State of Michigan Retirement System fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $26.4M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $14.4B portfolio in Q2 2015.
  • State of Michigan Retirement System opened 24 new positions and closed 20 in Q2 2015.
  • State of Michigan Retirement System's portfolio value rose 0.83% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q2 2015, filed 3 Aug 2015.