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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
BDX icon
251
Becton Dickinson
BDX
$48.2B
$8.26M 0.06%
76,661
-81,581
-52% -$8.46M
NVS icon
252
Novartis
NVS
$297B
$8.26M 0.06%
114,725
+56,693
+98% +$3.94M
STI
253
DELISTED
SunTrust Banks, Inc.
STI
$8.01M 0.06%
217,628
-1,600
-0.7% -$55.8K
M icon
254
Macy's
M
$6.68B
$8M 0.06%
149,802
-3,200
-2% -$155K
PTEN icon
255
Patterson-UTI
PTEN
$3.76B
$7.97M 0.06%
314,700
-89,000
-22% -$2.13M
WM icon
256
Waste Management
WM
$91B
$7.96M 0.06%
177,418
+100
+0.1% +$4.37K
EL icon
257
Estee Lauder
EL
$32B
$7.84M 0.06%
104,090
+100
+0.1% +$7.24K
PH icon
258
Parker-Hannifin
PH
$135B
$7.8M 0.06%
60,643
– –
OMC icon
259
Omnicom Group
OMC
$23.4B
$7.78M 0.06%
104,606
– –
TYC
260
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$7.76M 0.06%
180,672
+1,051
+0.6% +$40.9K
PPL
261
PPL Corp
PPL
$26.7B
$7.71M 0.06%
275,123
-752
-0.3% -$21.2K
A icon
262
Agilent Technologies
A
$41.2B
$7.69M 0.06%
188,004
-140
-0.1% -$5.32K
GMCR
263
DELISTED
KEURIG GREEN MTN INC
GMCR
$7.66M 0.06%
101,400
+40,300
+66% +$2.74M
FITB
264
Fifth Third Bancorp
FITB
$51.8B
$7.55M 0.06%
358,912
-1,900
-0.5% -$37.2K
PLD icon
265
Prologis
PLD
$133B
$7.49M 0.06%
202,713
-100
-0% -$3.85K
WY icon
266
Weyerhaeuser
WY
$18.4B
$7.48M 0.06%
236,920
-600
-0.3% -$18K
STX icon
267
Seagate
STX
$184B
$7.45M 0.06%
132,568
+6,300
+5% +$312K
PCG icon
268
PG&E
PCG
$38.5B
$7.36M 0.06%
182,641
+1,500
+0.8% +$61.5K
STJ
269
DELISTED
St Jude Medical
STJ
$7.35M 0.06%
118,583
+1,800
+2% +$104K
DG icon
270
Dollar General
DG
$27.9B
$7.22M 0.06%
119,742
-1,400
-1% -$82.2K
WDC icon
271
Western Digital
WDC
$150B
$7.18M 0.05%
113,205
-265
-0.2% -$14.8K
CCL icon
272
Carnival Corporation Ltd
CCL
$39.7B
$7.15M 0.05%
178,060
– –
TCP
273
DELISTED
TC Pipelines LP
TCP
$7.12M 0.05%
147,000
– –
WBD icon
274
Warner Bros
WBD
$67.1B
$7.08M 0.05%
153,306
-4,501
-3% -$195K
EQR icon
275
Equity Residential
EQR
$25.1B
$7.07M 0.05%
136,267
– –
9 10
11
12 13

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.