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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
TDS icon
851
Telephone and Data Systems
TDS
$3.75B
$1.11M 0.01%
44,536
-2,200
-5% -$55K
HNI icon
852
HNI Corp
HNI
$3.59B
$1.11M 0.01%
20,040
-1,100
-5% -$56.4K
SAM icon
853
Boston Beer
SAM
$1.92B
$1.1M 0.01%
+4,100
New +$1.19M
HWC icon
854
Hancock Whitney
HWC
$6.24B
$1.09M 0.01%
36,500
-2,300
-6% -$65.8K
SVU
855
DELISTED
SUPERVALU Inc.
SVU
$1.09M 0.01%
13,371
-658
-5% -$47.2K
ROL icon
856
Rollins
ROL
$18.2B
$1.08M 0.01%
98,188
-4,500
-4% -$45.4K
MENT
857
DELISTED
Mentor Graphics Corp
MENT
$1.07M 0.01%
44,360
-2,200
-5% -$51.5K
LPX icon
858
Louisiana-Pacific
LPX
$5.49B
$1.06M 0.01%
64,499
-3,200
-5% -$52.7K
CRC
859
DELISTED
California Resources Corporation
CRC
$1.06M 0.01%
13,980
-550
-4% -$33.6K
TXNM
860
TXNM Energy Inc
TXNM
$5.94B
$1.05M 0.01%
36,134
-1,800
-5% -$52.4K
DNOW icon
861
DNOW Inc
DNOW
$2.99B
$1.05M 0.01%
48,527
-2,400
-5% -$55.8K
CAKE icon
862
Cheesecake Factory
CAKE
$5.33B
$1.04M 0.01%
21,099
-800
-4% -$40.4K
DBD
863
DELISTED
Diebold Nixdorf Incorporated
DBD
$1.04M 0.01%
29,330
-1,400
-5% -$47.2K
AVNS
864
DELISTED
Avanos Medical
AVNS
$1.04M 0.01%
21,120
-1,000
-5% -$46.3K
POLY
865
DELISTED
Plantronics, Inc.
POLY
$1.03M 0.01%
19,500
-900
-4% -$46.1K
CMRX
866
DELISTED
Chimerix, Inc.
CMRX
$1.03M 0.01%
+27,236
New +$1.08M
CVG
867
DELISTED
Convergys
CVG
$1.03M 0.01%
44,900
-2,900
-6% -$61.3K
THOR
868
DELISTED
THORATEC CORPORATION
THOR
$1.03M 0.01%
24,500
-1,700
-6% -$64.9K
BKH icon
869
Black Hills Corp
BKH
$5.69B
$1.02M 0.01%
20,290
-1,000
-5% -$50.4K
OGS icon
870
ONE Gas
OGS
$5.04B
$1.02M 0.01%
23,657
-1,100
-4% -$47K
WPX
871
DELISTED
WPX Energy, Inc.
WPX
$1.01M 0.01%
92,400
-4,400
-5% -$50.3K
HSNI
872
DELISTED
HSN, Inc.
HSNI
$1M 0.01%
14,700
-800
-5% -$56.3K
SLGN icon
873
Silgan Holdings
SLGN
$4.41B
$1M 0.01%
34,462
-7,000
-17% -$195K
TECD
874
DELISTED
Tech Data Corp
TECD
$1M 0.01%
17,350
-900
-5% -$52.6K
FULT icon
875
Fulton Financial
FULT
$4.64B
$1M 0.01%
81,100
-7,100
-8% -$85K
33 34
35
36 37

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.