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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
+10.34%
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
$13.1B
AUM Growth
+$1.68B
Cap. Flow
+$510M
Cap. Flow %
3.89%
Top 10 Hldgs %
24.46%
Holding
970
New
17
Increased
485
Reduced
329
Closed
22

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$208M
2
EXC icon
Exelon
EXC
+$156M
3
BNY
Bank of New York Mellon
BNY
+$144M
4
IBM icon
IBM
IBM
+$75.6M
5
AZO icon
AutoZone
AZO
+$72.4M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$169M
2
TEVA icon
Teva Pharmaceuticals
TEVA
+$60.2M
3
AAPL icon
Apple
AAPL
+$54.6M
4
AIG icon
American International
AIG
+$49.9M
5
AEO icon
American Eagle Outfitters
AEO
+$27.4M

Sector Composition

Rank Sector Weight
1 Financials 16.68%
2 Healthcare 13.73%
3 Technology 12.21%
4 Consumer Discretionary 8.93%
5 Consumer Staples 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DAL icon
226
Delta Air Lines
DAL
$60.1B
$9.55M 0.07%
347,800
-1,200
-0.3% -$32.2K
BEN icon
227
Franklin Resources
BEN
$17.2B
$9.47M 0.07%
164,132
-1,200
-0.7% -$64.7K
EPB
228
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
$9.46M 0.07%
262,700
+14,200
+6% +$558K
MU icon
229
Micron Technology
MU
$991B
$9.3M 0.07%
427,620
+5,200
+1% +$101K
AEP icon
230
American Electric Power
AEP
$68.4B
$9.26M 0.07%
198,097
+100
+0.1% +$4.61K
TEL icon
231
TE Connectivity
TEL
$62.6B
$9.19M 0.07%
166,796
-1,400
-0.8% -$73.6K
AMP icon
232
Ameriprise Financial
AMP
$48.8B
$9.09M 0.07%
79,048
-1,400
-2% -$145K
TEG
233
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$9.06M 0.07%
166,599
– –
SYK icon
234
Stryker
SYK
$130B
$9.02M 0.07%
119,992
– –
DGX icon
235
Quest Diagnostics
DGX
$26.3B
$8.96M 0.07%
167,283
+105,500
+171% +$6.26M
VFC icon
236
VF Corp
VFC
$5.89B
$8.91M 0.07%
151,798
– –
TROW icon
237
T. Rowe Price
TROW
$24.3B
$8.89M 0.07%
106,093
+300
+0.3% +$23.5K
NFLX icon
238
Netflix
NFLX
$309B
$8.86M 0.07%
1,684,620
-1,607,200
-49% -$7.89M
IP icon
239
International Paper
IP
$22B
$8.84M 0.07%
193,128
-1,070
-0.6% -$45.8K
PSA icon
240
Public Storage
PSA
$61.3B
$8.84M 0.07%
58,741
– –
REGN icon
241
Regeneron Pharmaceuticals
REGN
$80.8B
$8.78M 0.07%
31,900
+200
+0.6% +$57.5K
WFM
242
DELISTED
Whole Foods Market Inc
WFM
$8.75M 0.07%
151,314
-200
-0.1% -$11.9K
AMAT icon
243
Applied Materials
AMAT
$428B
$8.66M 0.07%
489,585
+300
+0.1% +$5.23K
MHFI
244
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$8.61M 0.07%
110,057
-1,900
-2% -$136K
SYY icon
245
Sysco
SYY
$40.3B
$8.54M 0.07%
236,459
-2,900
-1% -$98K
ARW icon
246
Arrow Electronics
ARW
$10.4B
$8.53M 0.07%
157,162
-29,500
-16% -$1.5M
PCAR icon
247
PACCAR
PCAR
$70.1B
$8.52M 0.07%
215,949
– –
KR icon
248
Kroger
KR
$34.8B
$8.36M 0.06%
423,128
+1,600
+0.4% +$33.1K
SIX
249
DELISTED
Six Flags Entertainment Corp.
SIX
$8.3M 0.06%
225,300
+27,000
+14% +$973K
SRE icon
250
Sempra
SRE
$54.8B
$8.29M 0.06%
184,788
– –
8 9
10
11 12

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 Q4 2013 Portfolio in Review

As of Q4 2013, State of Michigan Retirement System held 970 positions worth $13.1B, up 15% from $11.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System deployed $510M of net new capital in Q4 2013, opening 17 new positions and adding to 485 existing holdings. Its largest new stake was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Charles Schwab, an estimated $169M trimmed.

  • State of Michigan Retirement System's largest Q4 2013 buy was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2013, an estimated $208M increase.
  • State of Michigan Retirement System's biggest Q4 2013 reduction was Charles Schwab, cutting an estimated $169M.
  • State of Michigan Retirement System fully exited VMware, Inc in Q4 2013, selling an estimated $18.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.1B portfolio in Q4 2013.
  • State of Michigan Retirement System opened 17 new positions and closed 22 in Q4 2013.
  • State of Michigan Retirement System's portfolio value rose 15% quarter-over-quarter to $13.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2013, filed 7 Feb 2014.