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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
UPS icon
101
United Parcel Service
UPS
$88.9B
$26M 0.18%
268,062
-19,100
-7% -$1.96M
COST icon
102
Costco
COST
$420B
$25.7M 0.18%
169,708
-10,600
-6% -$1.56M
BRK.A icon
103
Berkshire Hathaway Class A
BRK.A
$1.12T
$25.2M 0.18%
116
– –
RAI
104
DELISTED
Reynolds American Inc
RAI
$25.2M 0.18%
730,788
+37,000
+5% +$1.3M
F icon
105
Ford
F
$55.7B
$24.6M 0.17%
1,526,038
-647,300
-30% -$10.2M
ESRX
106
DELISTED
Express Scripts Holding Company
ESRX
$24.3M 0.17%
280,428
-21,900
-7% -$1.84M
FUN icon
107
Cedar Fair
FUN
$1.67B
$24.2M 0.17%
421,000
+162,000
+63% +$8.76M
TFCFA
108
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$23.9M 0.17%
705,377
-58,400
-8% -$2.03M
DD icon
109
DuPont de Nemours
DD
$19.2B
$23.8M 0.17%
196,169
-40,120
-17% -$4.76M
PSO icon
110
Pearson
PSO
$9.9B
$23.8M 0.17%
1,099,100
-293,100
-21% -$6.07M
ETN icon
111
Eaton
ETN
$174B
$23.7M 0.17%
349,096
-72,400
-17% -$4.92M
SPG icon
112
Simon Property Group
SPG
$72.3B
$23.5M 0.16%
119,942
-8,100
-6% -$1.57M
BKNG icon
113
Booking.com
BKNG
$161B
$23.3M 0.16%
500,525
-37,500
-7% -$1.68M
TXN icon
114
Texas Instruments
TXN
$261B
$23.1M 0.16%
403,914
-31,200
-7% -$1.75M
APEI icon
115
American Public Education
APEI
$940M
$23M 0.16%
767,000
+42,000
+6% +$1.4M
MDLZ icon
116
Mondelez International
MDLZ
$79.9B
$23M 0.16%
636,308
-55,700
-8% -$2.01M
CL icon
117
Colgate-Palmolive
CL
$74.4B
$22.8M 0.16%
328,944
-23,900
-7% -$1.65M
GSK icon
118
GSK
GSK
$106B
$22.3M 0.16%
386,400
-2,184,800
-85% -$125M
HPQ icon
119
HP
HPQ
$27.5B
$21.8M 0.15%
1,543,851
-1,413,464
-48% -$23.3M
MET icon
120
MetLife
MET
$62.1B
$21.8M 0.15%
483,695
-41,402
-8% -$1.86M
OXY icon
121
Occidental Petroleum
OXY
$55.9B
$21.7M 0.15%
297,746
-22,238
-7% -$1.72M
MS icon
122
Morgan Stanley
MS
$340B
$21.2M 0.15%
594,755
-34,100
-5% -$1.22M
CHRW icon
123
C.H. Robinson
CHRW
$17.5B
$21M 0.15%
286,897
+226,600
+376% +$16.6M
MON
124
DELISTED
Monsanto Co
MON
$21M 0.15%
186,435
-13,000
-7% -$1.55M
HE icon
125
Hawaiian Electric Industries
HE
$2.14B
$20.8M 0.15%
646,540
-107,300
-14% -$3.58M
3 4
5
6 7

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.