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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
+0.61%
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
$14.4B
AUM Growth
+$118M
Cap. Flow
+$149M
Cap. Flow %
1.03%
Top 10 Hldgs %
23.26%
Holding
975
New
24
Increased
657
Reduced
204
Closed
20

Top Buys

Rank Stock Value
1
AFL icon
Aflac
AFL
+$281M
2
JPM icon
JPMorgan Chase
JPM
+$135M
3
WMT icon
Walmart Inc
WMT
+$80.5M
4
COR icon
Cencora
COR
+$73.7M
5
TSLA icon
Tesla
TSLA
+$71.4M

Top Sells

Rank Stock Value
1
VZ icon
Verizon
VZ
+$129M
2
GS icon
Goldman Sachs
GS
+$102M
3
VIAB
Viacom Inc. Class B
VIAB
+$84.8M
4
PEP icon
PepsiCo
PEP
+$80.5M
5
EG icon
Everest Group
EG
+$66.7M

Sector Composition

Rank Sector Weight
1 Financials 20.9%
2 Healthcare 13.71%
3 Technology 12.36%
4 Consumer Discretionary 9.91%
5 Communication Services 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
76
Biogen
BIIB
$30.6B
$36.8M 0.26%
91,201
+700
+0.8% +$281K
MA icon
77
Mastercard
MA
$493B
$35.6M 0.25%
381,300
+4,700
+1% +$431K
CELG
78
DELISTED
Celgene Corp
CELG
$35.6M 0.25%
307,580
-1,300
-0.4% -$149K
NOC icon
79
Northrop Grumman
NOC
$81B
$35.4M 0.25%
223,189
+17,400
+8% +$2.79M
MCD icon
80
McDonald's
MCD
$195B
$35.3M 0.25%
371,789
+1,000
+0.3% +$96.7K
CAH icon
81
Cardinal Health
CAH
$55.9B
$34.9M 0.24%
417,431
+290,100
+228% +$25.6M
BA icon
82
Boeing
BA
$185B
$34.6M 0.24%
249,390
-3,300
-1% -$481K
TWTR
83
DELISTED
Twitter, Inc.
TWTR
$34.2M 0.24%
945,000
+425,000
+82% +$17.4M
IJH icon
84
iShares Core S&P Mid-Cap ETF
IJH
$126B
$33.2M 0.23%
1,107,000
+180,000
+19% +$5.49M
RAI
85
DELISTED
Reynolds American Inc
RAI
$31.9M 0.22%
853,904
+123,116
+17% +$4.61M
LLY icon
86
Eli Lilly
LLY
$1.05T
$31.6M 0.22%
378,702
+1,500
+0.4% +$114K
SBUX icon
87
Starbucks
SBUX
$121B
$31.2M 0.22%
581,964
-26,600
-4% -$1.35M
LYB icon
88
LyondellBasell Industries
LYB
$19.5B
$31M 0.22%
299,332
-221,300
-43% -$22.3M
RTN
89
DELISTED
Raytheon Company
RTN
$30.8M 0.21%
321,616
-200
-0.1% -$21K
DD
90
DELISTED
Du Pont De Nemours E I
DD
$30.3M 0.21%
498,106
+1,896
+0.4% +$128K
ABT icon
91
Abbott
ABT
$186B
$29.5M 0.2%
600,088
-4,700
-0.8% -$226K
COP icon
92
ConocoPhillips
COP
$142B
$29.4M 0.2%
478,215
+3,200
+0.7% +$209K
NKE icon
93
Nike
NKE
$61.9B
$29.2M 0.2%
540,264
+400
+0.1% +$20.5K
WAT icon
94
Waters Corp
WAT
$39.7B
$29.1M 0.2%
226,524
+87,100
+62% +$11.3M
EFC
95
Ellington Financial
EFC
$1.72B
$28.7M 0.2%
1,550,000
– –
WBA
96
DELISTED
Walgreens Boots Alliance
WBA
$28.6M 0.2%
338,417
+2,000
+0.6% +$172K
CA
97
DELISTED
CA, Inc.
CA
$28.3M 0.2%
964,524
+113,300
+13% +$3.52M
TWX
98
DELISTED
Time Warner Inc
TWX
$28M 0.19%
319,803
-600
-0.2% -$51.2K
DUK icon
99
Duke Energy
DUK
$97.4B
$27.8M 0.19%
393,836
-4,700
-1% -$355K
NCMI icon
100
National CineMedia
NCMI
$379M
$27.5M 0.19%
172,400
– –
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 Q2 2015 Portfolio in Review

As of Q2 2015, State of Michigan Retirement System held 975 positions worth $14.4B, up 0.83% from $14.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q2 2015: portfolio turnover was 4.5%. State of Michigan Retirement System opened 24 new positions and exited 20, leaving the 975-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2015 buy was Balchem Corp: 220,000 shares worth $12.3M.
  • State of Michigan Retirement System added most to Aflac in Q2 2015, an estimated $281M increase.
  • State of Michigan Retirement System's biggest Q2 2015 reduction was Verizon, cutting an estimated $129M.
  • State of Michigan Retirement System fully exited LORILLARD INC COM STK in Q2 2015, selling an estimated $26.4M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $14.4B portfolio in Q2 2015.
  • State of Michigan Retirement System opened 24 new positions and closed 20 in Q2 2015.
  • State of Michigan Retirement System's portfolio value rose 0.83% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q2 2015, filed 3 Aug 2015.