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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
RDC
876
DELISTED
Rowan Companies Plc
RDC
$1M 0.01%
56,500
-2,800
-5% -$59.7K
WAFD icon
877
WaFd
WAFD
$2.75B
$969K 0.01%
44,423
-2,300
-5% -$48.5K
ACH
878
Accendra Health
ACH
$214M
$968K 0.01%
28,600
-1,400
-5% -$48.8K
FCS
879
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$965K 0.01%
53,100
-3,400
-6% -$57.9K
CATY icon
880
Cathay General Bancorp
CATY
$4.24B
$956K 0.01%
33,600
-1,700
-5% -$43.8K
MCY icon
881
Mercury Insurance
MCY
$6.07B
$953K 0.01%
16,500
-800
-5% -$45K
KBR icon
882
KBR
KBR
$4.8B
$950K 0.01%
65,642
-3,400
-5% -$55.3K
CIEN icon
883
Ciena
CIEN
$58.4B
$948K 0.01%
49,100
-1,600
-3% -$31.9K
VLY icon
884
Valley National Bancorp
VLY
$8.04B
$945K 0.01%
100,114
-4,500
-4% -$42.6K
UE icon
885
Urban Edge Properties
UE
$2.73B
$939K 0.01%
+39,600
New +$947K
EQY
886
DELISTED
Equity One
EQY
$937K 0.01%
35,100
-1,400
-4% -$37.7K
OIS icon
887
Oil States International
OIS
$491M
$927K 0.01%
23,300
-2,000
-8% -$84.6K
MDP
888
DELISTED
Meredith Corporation
MDP
$926K 0.01%
16,600
-700
-4% -$37.6K
CRS icon
889
Carpenter Technology
CRS
$28.4B
$925K 0.01%
23,800
-1,500
-6% -$60.6K
MDRX
890
DELISTED
Veradigm Inc. Common Stock
MDRX
$920K 0.01%
76,900
-3,700
-5% -$45.2K
KLXI
891
DELISTED
KLX Inc.
KLXI
$917K 0.01%
28,227
-1,423
-5% -$47.5K
SAIC icon
892
Saic
SAIC
$5.35B
$913K 0.01%
17,785
-1,500
-8% -$78.5K
SLAB icon
893
Silicon Laboratories
SLAB
$7.23B
$904K 0.01%
17,800
-1,000
-5% -$48.5K
CADE
894
DELISTED
Cadence Bank
CADE
$901K 0.01%
38,800
-1,900
-5% -$41.4K
ADVS
895
DELISTED
Advent Software Inc
ADVS
$900K 0.01%
20,400
-800
-4% -$32.9K
ALEX
896
DELISTED
Alexander & Baldwin
ALEX
$890K 0.01%
20,620
-1,000
-5% -$39.7K
KMPR icon
897
Kemper
KMPR
$1.68B
$882K 0.01%
22,650
-1,200
-5% -$44.3K
CVSA
898
Covista Inc
CVSA
$4.8B
$867K 0.01%
26,000
-1,400
-5% -$54.3K
ASNA
899
DELISTED
Ascena Retail Group, Inc.
ASNA
$866K 0.01%
2,985
-150
-5% -$38K
CMC icon
900
Commercial Metals
CMC
$8.31B
$861K 0.01%
53,200
-3,000
-5% -$43.8K
34 35
36
37 38

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.