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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
SKT icon
776
Tanger
SKT
$4.52B
$1.5M 0.01%
42,800
-2,800
-6% -$104K
CNL
777
DELISTED
CLECO CRP (HOLDING CO)
CNL
$1.49M 0.01%
27,400
-1,300
-5% -$70.8K
IPGP icon
778
IPG Photonics
IPGP
$3.84B
$1.49M 0.01%
16,100
-800
-5% -$69.1K
SXT icon
779
Sensient Technologies
SXT
$5.53B
$1.49M 0.01%
21,570
-1,300
-6% -$81.1K
OI icon
780
O-I Glass
OI
$1.08B
$1.48M 0.01%
63,318
-4,600
-7% -$113K
JOY
781
DELISTED
Joy Global Inc
JOY
$1.47M 0.01%
37,574
-2,900
-7% -$123K
NATI
782
DELISTED
National Instruments Corp
NATI
$1.47M 0.01%
45,875
-2,100
-4% -$65.2K
RVBD
783
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
$1.47M 0.01%
70,300
-3,500
-5% -$72.7K
LPNT
784
DELISTED
LifePoint Health, Inc.
LPNT
$1.47M 0.01%
20,000
-1,500
-7% -$106K
FHI icon
785
Federated Hermes
FHI
$4.72B
$1.46M 0.01%
43,200
-2,100
-5% -$69.7K
THG icon
786
Hanover Insurance
THG
$7.98B
$1.46M 0.01%
20,050
-900
-4% -$63.7K
FEIC
787
DELISTED
FEI COMPANY
FEIC
$1.45M 0.01%
19,000
-800
-4% -$64K
CLGX
788
DELISTED
Corelogic, Inc.
CLGX
$1.44M 0.01%
40,700
-2,000
-5% -$67.5K
PB icon
789
Prosperity Bancshares
PB
$8.89B
$1.43M 0.01%
27,300
-1,300
-5% -$66K
IDA icon
790
Idacorp
IDA
$8.2B
$1.43M 0.01%
22,780
-1,100
-5% -$70.7K
FMER
791
DELISTED
FIRSTMERIT CORP
FMER
$1.43M 0.01%
74,969
-3,700
-5% -$67K
DST
792
DELISTED
DST Systems Inc.
DST
$1.43M 0.01%
25,800
-2,000
-7% -$103K
TKR icon
793
Timken Company
TKR
$9.03B
$1.42M 0.01%
33,800
-1,700
-5% -$70.5K
FNFG
794
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$1.42M 0.01%
160,390
-8,000
-5% -$68.2K
CMP icon
795
Compass Minerals
CMP
$1.15B
$1.42M 0.01%
15,200
-800
-5% -$73K
MUSA icon
796
Murphy USA
MUSA
$9.61B
$1.41M 0.01%
19,525
-900
-4% -$63.2K
FOSL icon
797
Fossil Group
FOSL
$318M
$1.41M 0.01%
17,080
-1,400
-8% -$129K
AOL
798
DELISTED
AOL INC COMMON STOCK
AOL
$1.41M 0.01%
35,507
-1,600
-4% -$68.6K
WPG
799
DELISTED
Washington Prime Group Inc.
WPG
$1.4M 0.01%
9,325
+1,123
+14% +$174K
VIAV icon
800
Viavi Solutions
VIAV
$9.66B
$1.38M 0.01%
185,469
-8,438
-4% -$64.1K
30 31
32
33 34

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.