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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 22.15%
2 Healthcare 13.89%
3 Technology 12.49%
4 Consumer Discretionary 9.96%
5 Communication Services 8.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$599M 4.16%
19,087,372
-780,000
-4% -$24.9M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$451M 3.13%
2,189,950
– –
WFC icon
3
Wells Fargo
WFC
$268B
$423M 2.94%
7,521,334
-553,800
-7% -$30.9M
USB icon
4
US Bancorp
USB
$97.7B
$389M 2.71%
8,972,038
-1,250,400
-12% -$54.7M
VZ icon
5
Verizon
VZ
$213B
$312M 2.17%
6,697,055
-2,632,032
-28% -$129M
AFL icon
6
Aflac
AFL
$58.7B
$296M 2.05%
9,510,818
+8,891,000
+1,434% +$281M
JPM icon
7
JPMorgan Chase
JPM
$931B
$237M 1.65%
3,501,825
+2,063,600
+143% +$135M
GILD icon
8
Gilead Sciences
GILD
$182B
$224M 1.56%
1,913,812
-120,200
-6% -$13.1M
CVS icon
9
CVS Health
CVS
$122B
$212M 1.47%
2,022,800
+47,200
+2% +$4.82M
GOOG icon
10
Alphabet (Google) Class C
GOOG
$4.23T
$204M 1.42%
7,646,780
-1,589,228
-17% -$42.6M
HD icon
11
Home Depot
HD
$310B
$203M 1.41%
1,824,640
+272,300
+18% +$30.5M
VR
12
DELISTED
Validus Hold Ltd
VR
$174M 1.21%
3,953,100
– –
WMT icon
13
Walmart Inc
WMT
$865B
$172M 1.2%
7,290,102
+3,158,400
+76% +$80.5M
TWO
14
DELISTED
Two Harbors Investment
TWO
$162M 1.13%
2,083,750
+138,750
+7% +$11.7M
MSFT icon
15
Microsoft
MSFT
$3.75T
$157M 1.09%
3,545,724
-618,800
-15% -$28.2M
GS icon
16
Goldman Sachs
GS
$288B
$156M 1.09%
748,682
-500,473
-40% -$102M
EG icon
17
Everest Group
EG
$14.6B
$155M 1.08%
853,820
-366,400
-30% -$66.7M
META icon
18
Meta Platforms (Facebook)
META
$1.7T
$152M 1.06%
1,774,800
-77,247
-4% -$6.31M
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.1T
$147M 1.02%
1,083,166
+3,900
+0.4% +$556K
C icon
20
Citigroup
C
$228B
$146M 1.01%
2,643,200
+270,200
+11% +$14.7M
JNJ icon
21
Johnson & Johnson
JNJ
$642B
$143M 1%
1,472,060
-78,900
-5% -$7.9M
UNP icon
22
Union Pacific
UNP
$169B
$140M 0.97%
1,470,556
+159,600
+12% +$16.6M
BAC icon
23
Bank of America
BAC
$416B
$140M 0.97%
8,208,757
+55,000
+0.7% +$906K
TSLA icon
24
Tesla
TSLA
$1.42T
$139M 0.97%
7,789,815
+4,515,000
+138% +$71.4M
XOM icon
25
ExxonMobil
XOM
$679B
$135M 0.94%
1,621,564
+3,400
+0.2% +$292K
1
2 3 4 5

Similar funds

GT
Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM
EIM
Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return
CIG
Capricorn Investment Group Palo Alto, California $22.5B AUM 50.37% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.7B AUM 32.92% 1-Year Est. Return
CB
Commerce Bank Kansas City, Missouri $22.8B AUM 28.56% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $22.3B AUM 36.19% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $22.3B AUM 79.91% 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 22% of assets, up from 20% 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.