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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
PX
176
DELISTED
Praxair Inc
PX
$13.4M 0.09%
111,805
+400
+0.4% +$48.7K
YHOO
177
DELISTED
Yahoo Inc
YHOO
$13.3M 0.09%
338,455
+2,600
+0.8% +$112K
AVGO icon
178
Broadcom
AVGO
$2.04T
$13.2M 0.09%
995,000
+5,000
+0.5% +$65.5K
DAL icon
179
Delta Air Lines
DAL
$60.1B
$13.1M 0.09%
318,500
+500
+0.2% +$21.9K
GIS icon
180
General Mills
GIS
$19.7B
$12.9M 0.09%
231,218
-1,700
-0.7% -$95.2K
ATI icon
181
ATI
ATI
$31.1B
$12.7M 0.09%
419,192
+500
+0.1% +$16.5K
JCI icon
182
Johnson Controls International
JCI
$92.2B
$12.6M 0.09%
242,515
+382
+0.2% +$20.4K
DE icon
183
Deere & Co
DE
$168B
$12.6M 0.09%
129,462
-1,500
-1% -$136K
CSX icon
184
CSX Corp
CSX
$93.1B
$12.5M 0.09%
1,149,405
+3,000
+0.3% +$34.8K
CCI icon
185
Crown Castle
CCI
$32.2B
$12.4M 0.09%
154,904
+26,100
+20% +$2.18M
VLO icon
186
Valero Energy
VLO
$85.9B
$12.3M 0.09%
197,260
-1,400
-0.7% -$82.7K
STT icon
187
State Street
STT
$50.7B
$12.3M 0.09%
159,645
+600
+0.4% +$46.7K
BCPC
188
Balchem Corp
BCPC
$5.72B
$12.3M 0.09%
+220,000
New +$12.7M
AX icon
189
Axos Financial
AX
$5.68B
$12.2M 0.08%
+460,000
New +$10.9M
PPG icon
190
PPG Industries
PPG
$26.6B
$12.1M 0.08%
105,464
+500
+0.5% +$57.1K
ITW icon
191
Illinois Tool Works
ITW
$85.3B
$12M 0.08%
131,213
-25,583
-16% -$2.44M
VEA icon
192
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.9M 0.08%
300,000
– –
MRSH
193
Marsh
MRSH
$91.5B
$11.8M 0.08%
208,777
+900
+0.4% +$52K
ADM icon
194
Archer Daniels Midland
ADM
$36.9B
$11.8M 0.08%
244,725
– –
ECL icon
195
Ecolab
ECL
$79.9B
$11.8M 0.08%
103,953
+100
+0.1% +$11.5K
FUN icon
196
Cedar Fair
FUN
$1.67B
$11.7M 0.08%
215,600
-205,400
-49% -$11.8M
VRTX icon
197
Vertex Pharmaceuticals
VRTX
$126B
$11.7M 0.08%
94,500
+1,100
+1% +$139K
APOL
198
DELISTED
Apollo Education Group Inc Class A
APOL
$11.7M 0.08%
904,959
-1,288,900
-59% -$21.8M
BAC.WS.B
199
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$11.5M 0.08%
22,500,000
– –
CME icon
200
CME Group
CME
$94.8B
$11.5M 0.08%
123,081
+800
+0.7% +$74.6K
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 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.