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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
UPBD icon
926
Upbound Group
UPBD
$1.16B
$659K ﹤0.01%
24,000
-1,200
-5% -$36.6K
RAMP icon
927
LiveRamp
RAMP
$2.3B
$647K ﹤0.01%
35,000
-1,600
-4% -$30.7K
KBH icon
928
KB Home
KBH
$3.59B
$645K ﹤0.01%
41,300
-2,000
-5% -$27.9K
WERN icon
929
Werner Enterprises
WERN
$2.25B
$637K ﹤0.01%
20,275
-900
-4% -$27.8K
ITRI icon
930
Itron
ITRI
$4.54B
$632K ﹤0.01%
17,300
-1,300
-7% -$48.4K
NVRI icon
931
Enviri
NVRI
$620M
$627K ﹤0.01%
36,320
-2,100
-5% -$34.6K
NSR
932
DELISTED
Neustar Inc
NSR
$622K ﹤0.01%
25,260
-900
-3% -$22.7K
HMSY
933
DELISTED
HMS Holdings Corp.
HMSY
$618K ﹤0.01%
40,000
-1,800
-4% -$33.8K
BTU
934
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$613K ﹤0.01%
8,307
-306
-4% -$30.9K
WOR icon
935
Worthington Enterprises
WOR
$2.86B
$606K ﹤0.01%
36,946
-2,109
-5% -$36.2K
GEF icon
936
Greif
GEF
$5.04B
$605K ﹤0.01%
15,400
-700
-4% -$28.6K
UNT
937
DELISTED
UNIT Corporation
UNT
$588K ﹤0.01%
21,000
-900
-4% -$26.8K
GVA icon
938
Granite Construction
GVA
$5.62B
$574K ﹤0.01%
16,345
-800
-5% -$27.8K
ROSE
939
DELISTED
ROSETTA RESOURCES INC
ROSE
$567K ﹤0.01%
33,300
+4,000
+14% +$76.6K
GES
940
DELISTED
Guess Inc
GES
$539K ﹤0.01%
29,000
-1,400
-5% -$26.4K
MDC
941
DELISTED
M.D.C. Holdings, Inc.
MDC
$504K ﹤0.01%
24,582
-1,250
-5% -$23.9K
NXPI icon
942
NXP Semiconductors
NXPI
$60.4B
$502K ﹤0.01%
+5,000
New +$440K
MTUS icon
943
Metallus
MTUS
$898M
$451K ﹤0.01%
17,050
-1,200
-7% -$35.3K
ISCA
944
DELISTED
International Speedway Corp
ISCA
$413K ﹤0.01%
12,650
-700
-5% -$21.8K
TDW icon
945
Tidewater
TDW
$4.12B
$406K ﹤0.01%
658
-74
-10% -$65.8K
PBPB
946
DELISTED
Potbelly
PBPB
$385K ﹤0.01%
+28,132
New +$390K
DCM
947
DELISTED
NTT DOCOMO, Inc.
DCM
$357K ﹤0.01%
20,500
– –
TR icon
948
Tootsie Roll Industries
TR
$2.98B
$314K ﹤0.01%
12,825
-693
-5% -$15.9K
SCTY
949
DELISTED
SolarCity Corporation
SCTY
$308K ﹤0.01%
6,000
-63,000
-91% -$3.24M
INVN
950
DELISTED
Invensense Inc
INVN
$289K ﹤0.01%
19,000
-896,000
-98% -$14.1M
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.