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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+1.58%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AAPL icon
1
Apple
AAPL
$5.02T
$618M 4.33%
19,867,372
-1,617,600
-8% -$48.8M
VZ icon
2
Verizon
VZ
$196B
$454M 3.18%
9,329,087
+762,400
+9% +$36.8M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$452M 3.17%
2,189,950
-125,000
-5% -$25.8M
USB icon
4
US Bancorp
USB
$98.4B
$446M 3.13%
10,222,438
-4,082,300
-29% -$179M
WFC icon
5
Wells Fargo
WFC
$256B
$439M 3.08%
8,075,134
-306,000
-4% -$16.5M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.15T
$255M 1.78%
9,236,008
+2,322,359
+34% +$62.2M
GS icon
7
Goldman Sachs
GS
$293B
$235M 1.64%
1,249,155
+19,400
+2% +$3.61M
EG icon
8
Everest Group
EG
$15.6B
$212M 1.49%
1,220,220
-211,300
-15% -$37.1M
CVS icon
9
CVS Health
CVS
$137B
$204M 1.43%
1,975,600
-247,900
-11% -$25.1M
GILD icon
10
Gilead Sciences
GILD
$166B
$200M 1.4%
2,034,012
-46,300
-2% -$4.7M
HD icon
11
Home Depot
HD
$339B
$176M 1.24%
1,552,340
-359,500
-19% -$39.7M
MSFT icon
12
Microsoft
MSFT
$2.95T
$169M 1.19%
4,164,524
-84,100
-2% -$3.66M
VR
13
DELISTED
Validus Hold Ltd
VR
$166M 1.17%
3,953,100
+403,100
+11% +$16.6M
TWO
14
Two Harbors Investment
TWO
$1.27B
$165M 1.16%
+1,945,000
New +$161M
JNJ icon
15
Johnson & Johnson
JNJ
$641B
$156M 1.09%
1,550,960
+145,900
+10% +$14.8M
BRK.B icon
16
Berkshire Hathaway Class B
BRK.B
$1.1T
$156M 1.09%
1,079,266
+501,600
+87% +$73.8M
META icon
17
Meta Platforms (Facebook)
META
$1.51T
$152M 1.07%
1,852,047
+990,747
+115% +$77.6M
SLB icon
18
SLB Ltd
SLB
$73.6B
$152M 1.06%
1,821,183
+263,000
+17% +$21.9M
EXC icon
19
Exelon
EXC
$47.8B
$146M 1.02%
6,080,038
+536,545
+10% +$13.3M
UNP icon
20
Union Pacific
UNP
$174B
$142M 0.99%
1,310,956
-213,300
-14% -$25M
XOM icon
21
ExxonMobil
XOM
$647B
$138M 0.96%
1,618,164
-342,500
-17% -$30.4M
PEP icon
22
PepsiCo
PEP
$195B
$135M 0.95%
1,414,973
+798,500
+130% +$77.3M
AZO icon
23
AutoZone
AZO
$51.5B
$130M 0.91%
190,802
+43,200
+29% +$27.1M
CSCO icon
24
Cisco
CSCO
$455B
$127M 0.89%
4,614,643
+2,368,900
+105% +$66.7M
BAC icon
25
Bank of America
BAC
$432B
$125M 0.88%
8,153,757
-2,011,100
-20% -$32.3M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.