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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
CHS
826
DELISTED
Chicos FAS, Inc.
CHS
$1.24M 0.01%
69,900
-2,900
-4% -$50.4K
VSTO
827
DELISTED
Vista Outdoor Inc.
VSTO
$1.24M 0.01%
+28,900
New +$1.23M
CDP icon
828
COPT Defense Properties
CDP
$4.21B
$1.23M 0.01%
41,900
-2,100
-5% -$62.1K
CEB
829
DELISTED
CEB Inc.
CEB
$1.21M 0.01%
15,200
-800
-5% -$60.2K
BOH icon
830
Bank of Hawaii
BOH
$3.13B
$1.21M 0.01%
19,790
-1,100
-5% -$65K
CAB
831
DELISTED
Cabela's Inc
CAB
$1.21M 0.01%
21,600
-1,100
-5% -$60.8K
KMT icon
832
Kennametal
KMT
$2.52B
$1.21M 0.01%
35,860
-1,800
-5% -$60.8K
PRI icon
833
Primerica
PRI
$9.89B
$1.21M 0.01%
23,700
-1,600
-6% -$83.1K
INVX
834
Innovex International
INVX
$1.97B
$1.2M 0.01%
17,600
-1,200
-6% -$86.5K
LDOS icon
835
Leidos
LDOS
$17.3B
$1.18M 0.01%
28,225
-1,400
-5% -$60.9K
BID
836
DELISTED
Sotheby's
BID
$1.18M 0.01%
27,827
-1,400
-5% -$59.7K
TCF
837
DELISTED
TCF Financial Corporation
TCF
$1.17M 0.01%
74,560
-5,000
-6% -$77K
GATX icon
838
GATX Corp
GATX
$6.27B
$1.17M 0.01%
20,090
-900
-4% -$52.5K
LXK
839
DELISTED
Lexmark Intl Inc
LXK
$1.16M 0.01%
27,500
-1,900
-6% -$78.2K
JCP
840
DELISTED
J.C. Penney Company, Inc.
JCP
$1.16M 0.01%
138,240
-6,800
-5% -$52.9K
BIG
841
DELISTED
Big Lots, Inc.
BIG
$1.16M 0.01%
24,200
-1,200
-5% -$56.6K
LTM
842
DELISTED
LIFE TIME FITNESS INC
LTM
$1.16M 0.01%
16,300
-800
-5% -$48.1K
JNS
843
DELISTED
Janus Capital Group Inc
JNS
$1.15M 0.01%
67,000
-2,900
-4% -$49.5K
CNW
844
DELISTED
CON-WAY INC.
CNW
$1.15M 0.01%
26,050
-1,500
-5% -$66.2K
MTX icon
845
Minerals Technologies
MTX
$2.34B
$1.15M 0.01%
15,680
-700
-4% -$47.4K
DECK icon
846
Deckers Outdoor
DECK
$13.3B
$1.14M 0.01%
94,200
-4,800
-5% -$61.7K
ACIW icon
847
ACI Worldwide
ACIW
$5.42B
$1.14M 0.01%
52,550
-2,100
-4% -$41.7K
OLN icon
848
Olin
OLN
$2.12B
$1.12M 0.01%
35,090
-2,100
-6% -$56.3K
TIME
849
DELISTED
Time Inc.
TIME
$1.11M 0.01%
49,637
-2,200
-4% -$52.6K
POST icon
850
Post Holdings
POST
$3.57B
$1.11M 0.01%
36,214
+3,668
+11% +$112K
32 33
34
35 36

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.