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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
PAGP icon
151
Plains GP Holdings
PAGP
$4.9B
$16.4M 0.11%
216,598
-97,972
-31% -$7.11M
TWC
152
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$16.2M 0.11%
108,314
-7,200
-6% -$1.07M
APC
153
DELISTED
Anadarko Petroleum
APC
$16.2M 0.11%
195,487
-13,100
-6% -$1.07M
ADP icon
154
Automatic Data Processing
ADP
$108B
$16.2M 0.11%
188,893
-9,700
-5% -$835K
J icon
155
Jacobs Solutions
J
$17B
$16.1M 0.11%
431,350
+366,318
+563% +$12.9M
D icon
156
Dominion Energy
D
$59.3B
$16.1M 0.11%
226,913
-13,600
-6% -$1.01M
ELV icon
157
Elevance Health
ELV
$85.5B
$15.9M 0.11%
102,892
-8,300
-7% -$1.18M
WPC icon
158
W.P. Carey
WPC
$16.4B
$15.6M 0.11%
234,830
– –
CRM icon
159
Salesforce
CRM
$158B
$15.6M 0.11%
233,384
-8,300
-3% -$515K
SO icon
160
Southern Company
SO
$107B
$15.5M 0.11%
350,990
-19,700
-5% -$936K
AMT icon
161
American Tower
AMT
$80.4B
$15.3M 0.11%
163,030
-300
-0.2% -$29.2K
ITW icon
162
Illinois Tool Works
ITW
$84.5B
$15.2M 0.11%
156,796
-13,400
-8% -$1.29M
CTSH icon
163
Cognizant
CTSH
$26B
$15.2M 0.11%
242,954
-7,900
-3% -$466K
KMB icon
164
Kimberly-Clark
KMB
$36.5B
$15.1M 0.11%
140,938
-12,500
-8% -$1.38M
YHOO
165
DELISTED
Yahoo Inc
YHOO
$14.9M 0.1%
335,855
-27,100
-7% -$1.23M
AAL icon
166
American Airlines Group
AAL
$10.6B
$14.6M 0.1%
+276,700
New +$14M
KR icon
167
Kroger
KR
$34.8B
$14.5M 0.1%
379,128
-25,400
-6% -$907K
AET
168
DELISTED
Aetna Inc
AET
$14.5M 0.1%
135,682
-9,200
-6% -$901K
HAL icon
169
Halliburton
HAL
$26.6B
$14.4M 0.1%
327,807
-21,300
-6% -$888K
BAX icon
170
Baxter International
BAX
$14.2B
$14.3M 0.1%
385,393
-25,590
-6% -$970K
DAL icon
171
Delta Air Lines
DAL
$60.1B
$14.3M 0.1%
318,000
-26,700
-8% -$1.24M
C.WS.A
172
DELISTED
Citigroup Inc
C.WS.A
$14.2M 0.1%
19,500,000
– –
WYNN icon
173
Wynn Resorts
WYNN
$10.6B
$14.2M 0.1%
112,774
+79,400
+238% +$11.3M
PRU icon
174
Prudential Financial
PRU
$41.8B
$14.1M 0.1%
175,180
-13,500
-7% -$1.09M
ADBE icon
175
Adobe
ADBE
$105B
$13.6M 0.1%
183,565
-11,600
-6% -$865K
5 6
7
8 9

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.