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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
+1.2%
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
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CME icon
226
CME Group
CME
$94.8B
$10.4M 0.07%
129,481
+100
+0.1% +$7.54K
CAH icon
227
Cardinal Health
CAH
$55.4B
$10.3M 0.07%
138,031
-1,400
-1% -$102K
GLW icon
228
Corning
GLW
$143B
$10.2M 0.07%
529,221
-6,900
-1% -$144K
APD icon
229
Air Products & Chemicals
APD
$67.6B
$10.2M 0.07%
84,969
-9,080
-10% -$1.11M
TCP
230
DELISTED
TC Pipelines LP
TCP
$10.2M 0.07%
151,000
+4,000
+3% +$224K
INTU icon
231
Intuit
INTU
$89B
$10.2M 0.07%
116,368
– –
HES
232
DELISTED
Hess
HES
$10.1M 0.07%
107,225
-900
-0.8% -$89K
NBL
233
DELISTED
Noble Energy, Inc.
NBL
$10.1M 0.07%
147,714
+500
+0.3% +$35.6K
BSMX
234
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$10.1M 0.07%
744,300
– –
VLO icon
235
Valero Energy
VLO
$85.9B
$10M 0.07%
216,460
-2,200
-1% -$111K
SRE icon
236
Sempra
SRE
$54.8B
$9.99M 0.07%
189,588
+2,800
+1% +$144K
SYK icon
237
Stryker
SYK
$130B
$9.9M 0.07%
122,592
+1,400
+1% +$115K
PSA icon
238
Public Storage
PSA
$61.3B
$9.86M 0.07%
59,441
+100
+0.2% +$17.2K
TEG
239
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$9.85M 0.07%
151,999
-14,800
-9% -$996K
MPC icon
240
Marathon Petroleum
MPC
$83.7B
$9.83M 0.07%
232,286
-4,200
-2% -$178K
CI icon
241
Cigna
CI
$74.6B
$9.81M 0.07%
108,180
-1,900
-2% -$178K
WPP icon
242
WPP
WPP
$5.94B
$9.74M 0.07%
97,000
+38,000
+64% +$3.94M
LUMN icon
243
Lumen
LUMN
$6.44B
$9.56M 0.07%
233,751
-900
-0.4% -$35.4K
ARW icon
244
Arrow Electronics
ARW
$10.4B
$9.51M 0.07%
171,862
-100
-0.1% -$6.03K
LUV icon
245
Southwest Airlines
LUV
$23B
$9.48M 0.07%
280,876
-2,600
-0.9% -$79.4K
AMP icon
246
Ameriprise Financial
AMP
$48.8B
$9.47M 0.07%
76,748
-1,100
-1% -$135K
MHFI
247
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$9.38M 0.07%
111,057
-500
-0.4% -$41.1K
VFC icon
248
VF Corp
VFC
$5.89B
$9.34M 0.06%
150,205
+425
+0.3% +$25.4K
TEL icon
249
TE Connectivity
TEL
$62.6B
$9.28M 0.06%
167,796
+300
+0.2% +$18.7K
CMI icon
250
Cummins
CMI
$88.7B
$9.26M 0.06%
70,124
+100
+0.1% +$14.4K
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 Q3 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.