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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
ELV icon
151
Elevance Health
ELV
$85.8B
$16.8M 0.12%
102,592
-300
-0.3% -$47.9K
CRM icon
152
Salesforce
CRM
$158B
$16.5M 0.11%
236,484
+3,100
+1% +$221K
CI icon
153
Cigna
CI
$74.8B
$16.2M 0.11%
99,780
+100
+0.1% +$13.8K
CB icon
154
Chubb
CB
$135B
$15.9M 0.11%
156,673
+400
+0.3% +$43.1K
ALXN
155
DELISTED
Alexion Pharmaceuticals
ALXN
$15.7M 0.11%
86,874
+8,900
+11% +$1.54M
NFLX icon
156
Netflix
NFLX
$310B
$15.4M 0.11%
1,642,620
+7,000
+0.4% +$58.6K
CTSH icon
157
Cognizant
CTSH
$26.2B
$15.4M 0.11%
252,154
+9,200
+4% +$577K
D icon
158
Dominion Energy
D
$59.5B
$15.4M 0.11%
230,213
+3,300
+1% +$232K
APC
159
DELISTED
Anadarko Petroleum
APC
$15.4M 0.11%
196,987
+1,500
+0.8% +$130K
PRU icon
160
Prudential Financial
PRU
$42B
$15.4M 0.11%
175,680
+500
+0.3% +$42.4K
TRV icon
161
Travelers Companies
TRV
$80.2B
$15.3M 0.11%
158,567
-400
-0.3% -$41K
AMT icon
162
American Tower
AMT
$80.6B
$15.3M 0.11%
164,130
+1,100
+0.7% +$104K
WPC icon
163
W.P. Carey
WPC
$16.4B
$15.3M 0.11%
264,439
+29,609
+13% +$1.85M
YUM icon
164
Yum! Brands
YUM
$41.2B
$15.1M 0.1%
233,257
+835
+0.4% +$52.9K
ADP icon
165
Automatic Data Processing
ADP
$108B
$15.1M 0.1%
187,693
-1,200
-0.6% -$102K
WMB icon
166
Williams Companies
WMB
$86.4B
$15M 0.1%
261,442
+1,800
+0.7% +$92.7K
KMB icon
167
Kimberly-Clark
KMB
$36.5B
$15M 0.1%
141,238
+300
+0.2% +$32.7K
ADBE icon
168
Adobe
ADBE
$105B
$14.9M 0.1%
184,365
+800
+0.4% +$62.4K
REGN icon
169
Regeneron Pharmaceuticals
REGN
$80.8B
$14.9M 0.1%
29,200
+700
+2% +$342K
SO icon
170
Southern Company
SO
$107B
$14.8M 0.1%
352,290
+1,300
+0.4% +$56.6K
KR icon
171
Kroger
KR
$34.7B
$14.8M 0.1%
406,928
+27,800
+7% +$1.01M
SCHW
172
Charles Schwab
SCHW
$187B
$14.6M 0.1%
448,317
+3,300
+0.7% +$104K
J icon
173
Jacobs Solutions
J
$17.1B
$14.5M 0.1%
430,382
-968
-0.2% -$35.4K
C.WS.A
174
DELISTED
Citigroup Inc
C.WS.A
$14.4M 0.1%
19,500,000
– –
HAL icon
175
Halliburton
HAL
$26.6B
$14.2M 0.1%
330,007
+2,200
+0.7% +$101K
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 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.