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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
RTN
76
DELISTED
Raytheon Company
RTN
$35.2M 0.25%
321,816
+11,400
+4% +$1.23M
FSLR icon
77
First Solar
FSLR
$26.9B
$34.8M 0.24%
582,006
-417,000
-42% -$21.4M
DGX icon
78
Quest Diagnostics
DGX
$26.3B
$34.4M 0.24%
447,183
-20,700
-4% -$1.48M
DD
79
DELISTED
Du Pont De Nemours E I
DD
$33.7M 0.24%
496,210
-193,121
-28% -$13.8M
NOC icon
80
Northrop Grumman
NOC
$81.2B
$33.1M 0.23%
205,789
-45,500
-18% -$7.27M
MA icon
81
Mastercard
MA
$493B
$32.5M 0.23%
376,600
-27,000
-7% -$2.34M
LH icon
82
Labcorp
LH
$25.9B
$32.2M 0.23%
297,301
-42,602
-13% -$4.38M
MAN icon
83
ManpowerGroup
MAN
$2.63B
$31.5M 0.22%
365,930
+328,300
+872% +$25M
EFC
84
Ellington Financial
EFC
$1.71B
$30.9M 0.22%
+1,550,000
New +$31.6M
DUK icon
85
Duke Energy
DUK
$97.3B
$30.6M 0.21%
398,536
-31,400
-7% -$2.55M
COP icon
86
ConocoPhillips
COP
$141B
$29.6M 0.21%
475,015
-32,000
-6% -$2.07M
SBUX icon
87
Starbucks
SBUX
$120B
$28.8M 0.2%
608,564
-198,000
-25% -$8.9M
WBA
88
DELISTED
Walgreens Boots Alliance
WBA
$28.5M 0.2%
336,417
-143,100
-30% -$11.4M
IJH icon
89
iShares Core S&P Mid-Cap ETF
IJH
$127B
$28.2M 0.2%
927,000
+18,000
+2% +$532K
PARA
90
DELISTED
Paramount Global Class B
PARA
$28M 0.2%
462,167
+265,800
+135% +$15.5M
ABT icon
91
Abbott
ABT
$187B
$28M 0.2%
604,788
-38,200
-6% -$1.75M
LOW icon
92
Lowe's Companies
LOW
$125B
$27.9M 0.2%
375,295
-25,500
-6% -$1.83M
CA
93
DELISTED
CA, Inc.
CA
$27.8M 0.19%
851,224
+719,300
+545% +$22.8M
LLY icon
94
Eli Lilly
LLY
$1.06T
$27.4M 0.19%
377,202
-26,400
-7% -$1.88M
NKE icon
95
Nike
NKE
$61.9B
$27.1M 0.19%
539,864
-35,000
-6% -$1.67M
TWX
96
DELISTED
Time Warner Inc
TWX
$27.1M 0.19%
320,403
-25,000
-7% -$2.08M
AXP icon
97
American Express
AXP
$230B
$26.4M 0.19%
338,111
-28,400
-8% -$2.36M
LO
98
DELISTED
LORILLARD INC COM STK
LO
$26.4M 0.18%
403,776
+13,400
+3% +$892K
TWTR
99
DELISTED
Twitter, Inc.
TWTR
$26M 0.18%
520,000
+45,000
+9% +$2M
NCMI icon
100
National CineMedia
NCMI
$378M
$26M 0.18%
172,400
+5,500
+3% +$820K
2 3
4
5 6

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.