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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
CXT icon
801
Crane NXT
CXT
$3.07B
$1.38M 0.01%
63,718
-4,031
-6% -$87.9K
CLH icon
802
Clean Harbors
CLH
$16.3B
$1.38M 0.01%
24,300
-1,700
-7% -$88K
TGI
803
DELISTED
Triumph Group
TGI
$1.37M 0.01%
22,900
-1,300
-5% -$78.1K
WEN icon
804
Wendy's
WEN
$1.46B
$1.36M 0.01%
124,983
-5,400
-4% -$57.7K
AEO icon
805
American Eagle Outfitters
AEO
$3.01B
$1.36M 0.01%
79,575
-3,700
-4% -$56.4K
SMG icon
806
ScottsMiracle-Gro
SMG
$3.66B
$1.35M 0.01%
20,175
-1,000
-5% -$65.1K
LSTR icon
807
Landstar System
LSTR
$6.21B
$1.35M 0.01%
20,300
-1,000
-5% -$67.8K
IDTI
808
DELISTED
Integrated Device Technology I
IDTI
$1.35M 0.01%
67,220
-3,500
-5% -$68.8K
VMI icon
809
Valmont Industries
VMI
$9.53B
$1.34M 0.01%
10,900
-800
-7% -$98.1K
WWD icon
810
Woodward
WWD
$21.4B
$1.34M 0.01%
26,200
-1,600
-6% -$76.3K
UFS
811
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.34M 0.01%
28,900
-1,800
-6% -$75.9K
THO icon
812
Thor Industries
THO
$4.14B
$1.33M 0.01%
21,100
-1,000
-5% -$59.5K
AHL
813
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.33M 0.01%
28,200
-1,400
-5% -$63.3K
SFG
814
DELISTED
STANCORP FINL GRP
SFG
$1.31M 0.01%
19,100
-900
-5% -$59.9K
GEVO icon
815
Gevo
GEVO
$382M
$1.3M 0.01%
1,079
+275
+34% +$410K
CBT icon
816
Cabot Corp
CBT
$4.52B
$1.3M 0.01%
28,880
-1,600
-5% -$70.7K
DDD icon
817
3D Systems Corp
DDD
$613M
$1.3M 0.01%
47,400
-2,400
-5% -$70.6K
QEP
818
DELISTED
QEP RESOURCES, INC.
QEP
$1.3M 0.01%
62,350
-5,900
-9% -$123K
TEX icon
819
Terex
TEX
$7.74B
$1.28M 0.01%
48,100
-3,500
-7% -$88.4K
BIO icon
820
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.27M 0.01%
9,400
-400
-4% -$49.6K
WGL
821
DELISTED
Wgl Holdings
WGL
$1.27M 0.01%
22,540
-1,100
-5% -$60.5K
FICO icon
822
Fair Isaac
FICO
$22.5B
$1.26M 0.01%
14,200
-1,100
-7% -$88.5K
HRC
823
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.26M 0.01%
25,650
-1,700
-6% -$80.9K
ASB icon
824
Associated Banc-Corp
ASB
$5.91B
$1.25M 0.01%
67,389
-4,900
-7% -$88.8K
PTEN icon
825
Patterson-UTI
PTEN
$3.76B
$1.25M 0.01%
66,400
-3,300
-5% -$56.6K
31 32
33
34 35

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.