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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
AKRX
751
DELISTED
Akorn Inc
AKRX
$1.6M 0.01%
+33,700
New +$1.53M
SGI
752
Somnigroup International
SGI
$13.7B
$1.59M 0.01%
110,400
-5,600
-5% -$77.5K
CBSH icon
753
Commerce Bancshares
CBSH
$8.5B
$1.59M 0.01%
64,298
-3,079
-5% -$75.2K
GME icon
754
GameStop
GME
$8.6B
$1.59M 0.01%
167,608
-11,200
-6% -$105K
DAN icon
755
Dana Inc
DAN
$3.06B
$1.58M 0.01%
+74,700
New +$1.61M
SM icon
756
SM Energy
SM
$6.87B
$1.58M 0.01%
30,600
-1,500
-5% -$65.1K
WNR
757
DELISTED
Western Refining Inc
WNR
$1.58M 0.01%
32,000
-2,700
-8% -$113K
SPXC icon
758
SPX Corp
SPXC
$10.8B
$1.58M 0.01%
73,876
-3,574
-5% -$76.8K
SLH
759
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
$1.58M 0.01%
30,500
-2,000
-6% -$105K
AVP
760
DELISTED
Avon Products, Inc.
AVP
$1.57M 0.01%
197,055
+18,000
+10% +$150K
DLX icon
761
Deluxe
DLX
$1.15B
$1.57M 0.01%
22,662
-1,000
-4% -$65.1K
WSO icon
762
Watsco Inc
WSO
$13.6B
$1.56M 0.01%
12,400
-600
-5% -$68.8K
TUP
763
DELISTED
Tupperware Brands Corporation
TUP
$1.56M 0.01%
22,587
-1,400
-6% -$94.6K
BWLD
764
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$1.56M 0.01%
+8,600
New +$1.6M
ATML
765
DELISTED
ATMEL CORP
ATML
$1.55M 0.01%
188,630
-10,000
-5% -$84K
RYN icon
766
Rayonier
RYN
$6.55B
$1.55M 0.01%
63,278
-3,196
-5% -$81.3K
CVC
767
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$1.55M 0.01%
84,612
-5,600
-6% -$107K
SWI
768
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$1.54M 0.01%
30,100
-1,200
-4% -$59.6K
SPN
769
DELISTED
Superior Energy Services, Inc.
SPN
$1.54M 0.01%
6,900
-340
-5% -$70.6K
CST
770
DELISTED
CST Brands, Inc.
CST
$1.53M 0.01%
34,984
-2,000
-5% -$86.8K
WBS icon
771
Webster Financial
WBS
$12.8B
$1.52M 0.01%
41,050
-1,900
-4% -$63.8K
WBD icon
772
Warner Bros
WBD
$67.1B
$1.52M 0.01%
49,337
-19,200
-28% -$602K
FHN icon
773
First Horizon
FHN
$12.1B
$1.52M 0.01%
106,183
-5,800
-5% -$79.9K
AVNT icon
774
Avient
AVNT
$4.19B
$1.51M 0.01%
40,400
-2,900
-7% -$110K
CLC
775
DELISTED
Clarcor
CLC
$1.51M 0.01%
22,800
-1,100
-5% -$71.2K
29 30
31
32 33

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.