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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
+5.11%
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
$15.1B
AUM Growth
+$699M
Cap. Flow
+$129M
Cap. Flow %
0.86%
Top 10 Hldgs %
25.21%
Holding
970
New
21
Increased
542
Reduced
301
Closed
19

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$297M
2
USB icon
US Bancorp
USB
+$211M
3
VR
Validus Hold Ltd
VR
+$143M
4
CVS icon
CVS Health
CVS
+$134M
5
GSK icon
GSK
GSK
+$119M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$204M
2
WMT icon
Walmart Inc
WMT
+$191M
3
JNJ icon
Johnson & Johnson
JNJ
+$122M
4
IBM icon
IBM
IBM
+$115M
5
AZO icon
AutoZone
AZO
+$104M

Sector Composition

Rank Sector Weight
1 Financials 19.55%
2 Technology 13.02%
3 Healthcare 12.6%
4 Consumer Discretionary 9%
5 Industrials 8.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VLO icon
226
Valero Energy
VLO
$85.9B
$10.6M 0.07%
214,660
-1,800
-0.8% -$87.2K
SRE icon
227
Sempra
SRE
$54.8B
$10.6M 0.07%
190,388
+800
+0.4% +$43.6K
TEL icon
228
TE Connectivity
TEL
$62.6B
$10.6M 0.07%
167,496
-300
-0.2% -$18.1K
AVGO icon
229
Broadcom
AVGO
$2.04T
$10.5M 0.07%
1,042,000
+10,000
+1% +$89.3K
PCG icon
230
PG&E
PCG
$38.5B
$10.4M 0.07%
195,741
+2,500
+1% +$124K
MPC icon
231
Marathon Petroleum
MPC
$83.7B
$10.4M 0.07%
230,886
-1,400
-0.6% -$61.6K
WELL icon
232
Welltower
WELL
$171B
$10.2M 0.07%
134,977
+2,100
+2% +$150K
ICE icon
233
Intercontinental Exchange
ICE
$84.4B
$10.2M 0.07%
231,880
-500
-0.2% -$21.4K
WPP icon
234
WPP
WPP
$5.94B
$10.1M 0.07%
97,000
– –
CMI icon
235
Cummins
CMI
$88.7B
$10.1M 0.07%
70,024
-100
-0.1% -$14.1K
AMP icon
236
Ameriprise Financial
AMP
$48.8B
$10.1M 0.07%
76,048
-700
-0.9% -$88.6K
CB
237
DELISTED
CHUBB CORPORATION
CB
$10.1M 0.07%
97,148
-1,400
-1% -$139K
SE
238
DELISTED
Spectra Energy Corp Wi
SE
$10M 0.07%
276,359
+1,300
+0.5% +$48.9K
BHI
239
DELISTED
Baker Hughes
BHI
$9.99M 0.07%
178,229
-100
-0.1% -$5.64K
WDC icon
240
Western Digital
WDC
$150B
$9.96M 0.07%
119,026
-265
-0.2% -$20K
PPL
241
PPL Corp
PPL
$26.7B
$9.95M 0.07%
294,127
+1,718
+0.6% +$56.1K
MHFI
242
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$9.95M 0.07%
111,857
+800
+0.7% +$70.3K
PCAR icon
243
PACCAR
PCAR
$70.1B
$9.92M 0.07%
218,799
+600
+0.3% +$25.9K
PRGO icon
244
Perrigo
PRGO
$1.78B
$9.7M 0.06%
58,014
+3,200
+6% +$500K
DVN icon
245
Devon Energy
DVN
$47.3B
$9.7M 0.06%
158,411
+800
+0.5% +$48.5K
BRCM
246
DELISTED
BROADCOM CORP CL-A
BRCM
$9.61M 0.06%
221,870
+1,400
+0.6% +$57.4K
SYY icon
247
Sysco
SYY
$40.3B
$9.61M 0.06%
242,159
+1,600
+0.7% +$62K
AA.PRB
248
DELISTED
Alcoa Inc
AA.PRB
$9.43M 0.06%
187,000
+27,000
+17% +$1.37M
M icon
249
Macy's
M
$6.68B
$9.35M 0.06%
142,202
-2,600
-2% -$157K
IP icon
250
International Paper
IP
$22B
$9.35M 0.06%
184,231
-633
-0.3% -$31K
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 2014 Portfolio in Review

As of Q4 2014, State of Michigan Retirement System held 970 positions worth $15.1B, up 4.8% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2014: portfolio turnover was 4.1%. State of Michigan Retirement System opened 21 new positions and exited 19, leaving the 970-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q4 2014 buy was Validus Hold Ltd: 3,550,000 shares worth $148M.
  • State of Michigan Retirement System added most to Verizon in Q4 2014, an estimated $297M increase.
  • State of Michigan Retirement System's biggest Q4 2014 reduction was Goldman Sachs, cutting an estimated $204M.
  • State of Michigan Retirement System fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $15.1B portfolio in Q4 2014.
  • State of Michigan Retirement System opened 21 new positions and closed 19 in Q4 2014.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $15.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2014, filed 3 Feb 2015.