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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
SCHW
176
Charles Schwab
SCHW
$187B
$13.5M 0.09%
445,017
-28,300
-6% -$820K
ALXN
177
DELISTED
Alexion Pharmaceuticals
ALXN
$13.5M 0.09%
77,974
-3,700
-5% -$670K
PX
178
DELISTED
Praxair Inc
PX
$13.5M 0.09%
111,405
-8,600
-7% -$1.08M
GIS icon
179
General Mills
GIS
$19.7B
$13.2M 0.09%
232,918
-15,800
-6% -$843K
YUM icon
180
Yum! Brands
YUM
$41.1B
$13.2M 0.09%
232,422
-18,222
-7% -$995K
WMB icon
181
Williams Companies
WMB
$86.1B
$13.1M 0.09%
259,642
-17,500
-6% -$811K
ARO
182
DELISTED
Aeropostale Inc
ARO
$12.9M 0.09%
3,727,600
+1,511,300
+68% +$4.83M
CI icon
183
Cigna
CI
$74.6B
$12.9M 0.09%
99,680
-8,100
-8% -$941K
REGN icon
184
Regeneron Pharmaceuticals
REGN
$80.8B
$12.9M 0.09%
28,500
-2,100
-7% -$890K
JCI icon
185
Johnson Controls International
JCI
$92.2B
$12.8M 0.09%
242,133
-19,959
-8% -$1.01M
CSX icon
186
CSX Corp
CSX
$93.1B
$12.7M 0.09%
1,146,405
-83,700
-7% -$963K
VLO icon
187
Valero Energy
VLO
$85.9B
$12.6M 0.09%
198,660
-16,000
-7% -$893K
AVGO icon
188
Broadcom
AVGO
$2.04T
$12.6M 0.09%
990,000
-52,000
-5% -$596K
ATI icon
189
ATI
ATI
$31B
$12.6M 0.09%
418,692
+69,100
+20% +$2.15M
NSC icon
190
Norfolk Southern
NSC
$75.1B
$12.2M 0.09%
118,605
-8,900
-7% -$952K
VVC
191
DELISTED
Vectren Corporation
VVC
$12.1M 0.08%
273,160
-20,800
-7% -$952K
EWD icon
192
iShares MSCI Sweden ETF
EWD
$595M
$12.1M 0.08%
360,000
– –
VEA icon
193
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.9M 0.08%
300,000
– –
ECL icon
194
Ecolab
ECL
$79.9B
$11.9M 0.08%
103,853
-7,400
-7% -$811K
PPG icon
195
PPG Industries
PPG
$26.6B
$11.8M 0.08%
104,964
-8,000
-7% -$917K
APA icon
196
APA Corp
APA
$13.2B
$11.8M 0.08%
195,345
-9,700
-5% -$610K
BAC.WS.B
197
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$11.7M 0.08%
22,500,000
– –
STT icon
198
State Street
STT
$50.7B
$11.7M 0.08%
159,045
-12,900
-8% -$966K
MRSH
199
Marsh
MRSH
$91.5B
$11.7M 0.08%
207,877
-14,900
-7% -$840K
ADM icon
200
Archer Daniels Midland
ADM
$36.9B
$11.6M 0.08%
244,725
-20,500
-8% -$976K
6 7
8
9 10

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.