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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
IDCC icon
901
InterDigital
IDCC
$8.89B
$852K 0.01%
16,800
-900
-5% -$46.7K
VSH icon
902
Vishay Intertechnology
VSH
$5.43B
$851K 0.01%
61,552
-3,000
-5% -$41.4K
ANN
903
DELISTED
ANN INC
ANN
$849K 0.01%
20,700
-1,100
-5% -$40.2K
ISIL
904
DELISTED
Intersil Corp
ISIL
$848K 0.01%
59,200
-2,400
-4% -$35.6K
MZTI
905
The Marzetti Company
MZTI
$3.11B
$839K 0.01%
8,820
-400
-4% -$36.7K
CVLT icon
906
Commault Systems
CVLT
$5.61B
$835K 0.01%
19,100
-1,400
-7% -$64.5K
AAN.A
907
DELISTED
The Aaron's Company Inc Class A
AAN.A
$829K 0.01%
29,300
-1,400
-5% -$39.6K
NYT icon
908
New York Times
NYT
$10.2B
$820K 0.01%
59,600
-2,600
-4% -$34.8K
PLCM
909
DELISTED
POLYCOM INC
PLCM
$815K 0.01%
60,822
-4,100
-6% -$54.8K
SMTC icon
910
Semtech
SMTC
$13B
$807K 0.01%
30,300
-1,500
-5% -$40.9K
DWA
911
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$794K 0.01%
32,800
-1,700
-5% -$36.2K
AMD icon
912
Advanced Micro Devices
AMD
$789B
$765K 0.01%
285,400
-13,500
-5% -$38K
ATW
913
DELISTED
Atwood Oceanics
ATW
$765K 0.01%
27,200
-1,300
-5% -$38.7K
TIVO
914
DELISTED
Tivo Inc
TIVO
$758K 0.01%
41,650
-3,400
-8% -$76.1K
MLKN icon
915
MillerKnoll
MLKN
$1.67B
$748K 0.01%
26,930
-1,400
-5% -$41K
TRMK icon
916
Trustmark
TRMK
$2.75B
$743K 0.01%
30,600
-1,500
-5% -$34.8K
KN icon
917
Knowles
KN
$3.34B
$742K 0.01%
38,511
-2,000
-5% -$41.7K
PCH
918
DELISTED
PotlatchDeltic
PCH
$738K 0.01%
18,441
-900
-5% -$36.4K
VRE
919
DELISTED
Veris Residential
VRE
$733K 0.01%
38,000
-1,800
-5% -$34.8K
MSA icon
920
Mine Safety
MSA
$7.49B
$713K 0.01%
14,300
-700
-5% -$33.8K
DF
921
DELISTED
Dean Foods Company
DF
$705K ﹤0.01%
42,650
-2,000
-4% -$34.3K
FCN icon
922
FTI Consulting
FCN
$4.18B
$704K ﹤0.01%
18,800
-700
-4% -$26.5K
DO
923
DELISTED
Diamond Offshore Drilling
DO
$694K ﹤0.01%
25,920
-1,800
-6% -$56.1K
IBOC icon
924
International Bancshares
IBOC
$4.57B
$682K ﹤0.01%
26,200
-1,400
-5% -$34.4K
HLX icon
925
Helix Energy Solutions
HLX
$1.41B
$667K ﹤0.01%
44,600
-2,100
-4% -$35.5K
35 36
37
38 39

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.