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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
MKTO
951
DELISTED
MARKETO INC COM STK (DE)
MKTO
$273K ﹤0.01%
+10,667
New +$318K
ARDX icon
952
Ardelyx
ARDX
$997M
– –
-39,954
Closed -$755K
PAA icon
953
Plains All American Pipeline
PAA
$16.1B
– –
-57,600
Closed -$2.96M
WUBA
954
DELISTED
58.com Inc
WUBA
– –
-21,010
Closed -$873K
CRR
955
DELISTED
Carbo Ceramics Inc.
CRR
– –
-9,300
Closed -$372K
AF
956
DELISTED
Astoria Financial Corporation
AF
– –
-41,800
Closed -$558K
RLYP
957
DELISTED
RELYPSA INC COM
RLYP
– –
-9,135
Closed -$281K
LDRH
958
DELISTED
LDR HOLDINGS CORP COM STK
LDRH
– –
-14,511
Closed -$476K
TFM
959
DELISTED
THE FRESH MARKET, INC COM STK
TFM
– –
-60,000
Closed -$2.47M
ASPX
960
DELISTED
AUSPEX PHARMACEUTICALS INC COM STK (DE)
ASPX
– –
-16,997
Closed -$892K
CFN
961
DELISTED
CAREFUSION CORPORATION
CFN
– –
-84,013
Closed -$4.99M
PETM
962
DELISTED
PETSMART INC
PETM
– –
-40,960
Closed -$3.33M
CVD
963
DELISTED
COVANCE INC.
CVD
– –
-26,950
Closed -$2.8M
PL
964
DELISTED
PROTECTIVE LIFE CORP
PL
– –
-37,500
Closed -$2.61M
SWY
965
DELISTED
SAFEWAY INC
SWY
– –
-94,919
Closed -$3.33M
CBST
966
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
– –
-36,300
Closed -$3.65M
IRF
967
DELISTED
INTL RECTIFIER CORP
IRF
– –
-34,050
Closed -$1.36M
RFMD
968
DELISTED
RF MICRO DEVICES INC
RFMD
– –
-138,400
Closed -$2.3M
TQNT
969
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
– –
-50,000
Closed -$1.38M
VE
970
DELISTED
VEOLIA ENVIRONNEMENT
VE
– –
-982,376
Closed -$17.3M
COV
971
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
– –
-186,490
Closed -$19.1M
AGN
972
DELISTED
Allergan Inc
AGN
– –
-122,706
Closed -$26.1M
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.