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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
CME icon
201
CME Group
CME
$94.8B
$11.6M 0.08%
122,281
-8,100
-6% -$750K
LUV icon
202
Southwest Airlines
LUV
$23B
$11.6M 0.08%
260,776
-18,800
-7% -$821K
CAH icon
203
Cardinal Health
CAH
$55.4B
$11.5M 0.08%
127,331
-9,000
-7% -$775K
DE icon
204
Deere & Co
DE
$168B
$11.5M 0.08%
130,962
-325,900
-71% -$28.9M
PCP
205
DELISTED
PRECISION CASTPARTS CORP
PCP
$11.5M 0.08%
54,659
-4,100
-7% -$870K
ALL icon
206
Allstate
ALL
$67.5B
$11.4M 0.08%
160,673
-12,100
-7% -$854K
MU icon
207
Micron Technology
MU
$991B
$11.3M 0.08%
415,620
-26,600
-6% -$795K
APD icon
208
Air Products & Chemicals
APD
$67.6B
$11.3M 0.08%
80,429
-5,188
-6% -$718K
TEL icon
209
TE Connectivity
TEL
$62.6B
$11.2M 0.08%
156,696
-10,800
-6% -$742K
GLW icon
210
Corning
GLW
$143B
$11.1M 0.08%
490,421
-37,600
-7% -$894K
PSA icon
211
Public Storage
PSA
$61.3B
$11M 0.08%
56,041
-3,700
-6% -$733K
VRTX icon
212
Vertex Pharmaceuticals
VRTX
$126B
$11M 0.08%
93,400
-5,700
-6% -$683K
EQR icon
213
Equity Residential
EQR
$25.1B
$10.9M 0.08%
140,367
-8,900
-6% -$695K
MHFI
214
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$10.9M 0.08%
105,457
-6,400
-6% -$629K
TFC icon
215
Truist Financial
TFC
$64B
$10.8M 0.08%
278,041
-18,700
-6% -$705K
MPC icon
216
Marathon Petroleum
MPC
$83.7B
$10.8M 0.08%
210,686
-20,200
-9% -$970K
AMAT icon
217
Applied Materials
AMAT
$428B
$10.7M 0.07%
473,985
-27,900
-6% -$668K
BHI
218
DELISTED
Baker Hughes
BHI
$10.7M 0.07%
167,629
-10,600
-6% -$640K
SYK icon
219
Stryker
SYK
$130B
$10.6M 0.07%
115,392
-7,700
-6% -$717K
CCI icon
220
Crown Castle
CCI
$32.2B
$10.6M 0.07%
128,804
-8,700
-6% -$741K
AEP icon
221
American Electric Power
AEP
$68.4B
$10.6M 0.07%
188,897
-12,600
-6% -$748K
WELL icon
222
Welltower
WELL
$171B
$10.4M 0.07%
134,777
-200
-0.1% -$15.7K
AON icon
223
Aon
AON
$76B
$10.4M 0.07%
108,119
-9,300
-8% -$900K
INTU icon
224
Intuit
INTU
$89B
$10.4M 0.07%
106,768
-10,800
-9% -$1M
TROW icon
225
T. Rowe Price
TROW
$24.3B
$10.3M 0.07%
127,593
-1,300
-1% -$107K
7 8
9
10 11

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.