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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
EQR icon
251
Equity Residential
EQR
$25.1B
$9.13M 0.06%
148,267
+10,600
+8% +$685K
SYY icon
252
Sysco
SYY
$40.3B
$9.13M 0.06%
240,559
+1,000
+0.4% +$37.3K
EWY icon
253
iShares MSCI South Korea ETF
EWY
$24.1B
$9.08M 0.06%
150,000
– –
ICE icon
254
Intercontinental Exchange
ICE
$84.4B
$9.06M 0.06%
232,380
-3,500
-1% -$134K
SNDK
255
DELISTED
SANDISK CORP
SNDK
$9M 0.06%
91,902
-800
-0.9% -$78.3K
AVGO icon
256
Broadcom
AVGO
$2.04T
$8.98M 0.06%
1,032,000
+1,000
+0.1% +$7.81K
CB
257
DELISTED
CHUBB CORPORATION
CB
$8.98M 0.06%
98,548
-1,600
-2% -$146K
NBR icon
258
Nabors Industries
NBR
$1.21B
$8.96M 0.06%
7,873
-2,372
-23% -$3.16M
PPL
259
PPL Corp
PPL
$26.7B
$8.94M 0.06%
292,409
+14,494
+5% +$453K
BRCM
260
DELISTED
BROADCOM CORP CL-A
BRCM
$8.91M 0.06%
220,470
-7,200
-3% -$280K
BEN icon
261
Franklin Resources
BEN
$17.2B
$8.82M 0.06%
161,532
-3,100
-2% -$174K
WDC icon
262
Western Digital
WDC
$150B
$8.78M 0.06%
119,291
+5,821
+5% +$438K
HYG icon
263
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
$8.73M 0.06%
95,000
+55,000
+138% +$5.14M
PCG icon
264
PG&E
PCG
$38.5B
$8.7M 0.06%
193,241
+2,800
+1% +$129K
CMG icon
265
Chipotle Mexican Grill
CMG
$41.5B
$8.5M 0.06%
637,400
– –
WM icon
266
Waste Management
WM
$91B
$8.45M 0.06%
177,818
+500
+0.3% +$22.9K
TROW icon
267
T. Rowe Price
TROW
$24.3B
$8.45M 0.06%
107,793
+100
+0.1% +$8.02K
M icon
268
Macy's
M
$6.68B
$8.43M 0.06%
144,802
-2,900
-2% -$172K
IP icon
269
International Paper
IP
$22B
$8.36M 0.06%
184,864
-5,158
-3% -$237K
WELL icon
270
Welltower
WELL
$171B
$8.29M 0.06%
132,877
+7,700
+6% +$497K
STI
271
DELISTED
SunTrust Banks, Inc.
STI
$8.28M 0.06%
217,628
-700
-0.3% -$27K
PCAR icon
272
PACCAR
PCAR
$70.1B
$8.27M 0.06%
218,199
+150
+0.1% +$6.25K
HUM icon
273
Humana
HUM
$46.2B
$8.23M 0.06%
63,190
-200
-0.3% -$25.4K
PRGO icon
274
Perrigo
PRGO
$1.78B
$8.23M 0.06%
54,814
– –
TYC
275
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$8.1M 0.06%
173,605
-6,876
-4% -$320K
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 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.