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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
COF icon
126
Capital One
COF
$134B
$20.7M 0.15%
262,751
-16,300
-6% -$1.28M
MCK icon
127
McKesson
MCK
$101B
$20.3M 0.14%
89,853
-5,700
-6% -$1.26M
TGT icon
128
Target
TGT
$68B
$20.2M 0.14%
245,678
-16,700
-6% -$1.29M
DHR icon
129
Danaher
DHR
$144B
$20.1M 0.14%
352,454
-22,169
-6% -$1.27M
AFL icon
130
Aflac
AFL
$62.6B
$19.8M 0.14%
619,818
+248,600
+67% +$7.58M
LAMR icon
131
Lamar Advertising Co
LAMR
$16.3B
$19.8M 0.14%
333,400
-103,700
-24% -$5.92M
KRFT
132
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$19.8M 0.14%
226,802
-325,900
-59% -$21.5M
EMC
133
DELISTED
EMC CORPORATION
EMC
$19.6M 0.14%
766,954
-71,300
-9% -$1.96M
GM icon
134
General Motors
GM
$76.8B
$19.6M 0.14%
521,800
-34,100
-6% -$1.24M
EOG icon
135
EOG Resources
EOG
$70.7B
$19.4M 0.14%
211,560
-14,200
-6% -$1.28M
ZVO
136
DELISTED
Zovio Inc. Common Stock
ZVO
$19.3M 0.14%
1,999,000
-250,000
-11% -$2.52M
PNC icon
137
PNC Financial Services
PNC
$101B
$18.7M 0.13%
200,892
-80,800
-29% -$7.29M
CAT icon
138
Caterpillar
CAT
$387B
$18.7M 0.13%
233,854
-15,500
-6% -$1.29M
STJ
139
DELISTED
St Jude Medical
STJ
$18.5M 0.13%
282,683
+1,600
+0.6% +$106K
BLK icon
140
Blackrock
BLK
$176B
$17.9M 0.13%
48,960
-3,500
-7% -$1.27M
NEE icon
141
NextEra Energy
NEE
$177B
$17.8M 0.12%
684,212
-34,800
-5% -$918K
IJR icon
142
iShares Core S&P Small-Cap ETF
IJR
$112B
$17.7M 0.12%
+300,000
New +$17.2M
GEN icon
143
Gen Digital
GEN
$17.5B
$17.5M 0.12%
749,849
+465,600
+164% +$11.6M
CB icon
144
Chubb
CB
$135B
$17.4M 0.12%
156,273
-10,400
-6% -$1.17M
WAT icon
145
Waters Corp
WAT
$39.9B
$17.3M 0.12%
139,424
+105,100
+306% +$12.5M
BNY
146
Bank of New York Mellon
BNY
$107B
$17.3M 0.12%
429,732
-34,000
-7% -$1.32M
TRV icon
147
Travelers Companies
TRV
$80.2B
$17.2M 0.12%
158,967
-12,500
-7% -$1.34M
FDX icon
148
FedEx
FDX
$75.4B
$16.8M 0.12%
101,596
-6,900
-6% -$1.2M
DTV
149
DELISTED
DIRECTV COM STK (DE)
DTV
$16.5M 0.12%
194,008
-12,900
-6% -$1.11M
PSX icon
150
Phillips 66
PSX
$81.4B
$16.5M 0.12%
209,703
-18,300
-8% -$1.34M
4 5
6
7 8

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.