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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
LUMN icon
251
Lumen
LUMN
$6.44B
$9.3M 0.06%
235,051
+1,300
+0.6% +$52K
KYN icon
252
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$9.26M 0.06%
242,396
+72,046
+42% +$2.79M
PXD
253
DELISTED
Pioneer Natural Resource Co.
PXD
$9.13M 0.06%
61,354
+2,700
+5% +$446K
HUM icon
254
Humana
HUM
$46.2B
$9.08M 0.06%
63,190
– –
WM icon
255
Waste Management
WM
$91B
$9M 0.06%
175,418
-2,400
-1% -$117K
STI
256
DELISTED
SunTrust Banks, Inc.
STI
$9M 0.06%
214,828
-2,800
-1% -$110K
STX icon
257
Seagate
STX
$184B
$8.96M 0.06%
134,768
+800
+0.6% +$49.6K
BEN icon
258
Franklin Resources
BEN
$17.2B
$8.94M 0.06%
161,532
– –
SNDK
259
DELISTED
SANDISK CORP
SNDK
$8.91M 0.06%
90,902
-1,000
-1% -$95.6K
AVB icon
260
AvalonBay Communities
AVB
$26.8B
$8.89M 0.06%
54,419
+600
+1% +$94.1K
ZTS icon
261
Zoetis
ZTS
$30B
$8.88M 0.06%
206,456
+1,000
+0.5% +$40.6K
PLD icon
262
Prologis
PLD
$133B
$8.86M 0.06%
205,913
+900
+0.4% +$36.9K
SHW icon
263
Sherwin-Williams
SHW
$89.8B
$8.84M 0.06%
100,785
-1,500
-1% -$118K
DG icon
264
Dollar General
DG
$27.9B
$8.83M 0.06%
124,942
+600
+0.5% +$39K
EIX icon
265
Edison International
EIX
$26.4B
$8.79M 0.06%
134,196
+600
+0.4% +$37.3K
BBWI icon
266
Bath & Body Works
BBWI
$4.1B
$8.77M 0.06%
125,283
+742
+0.6% +$45.8K
CMG icon
267
Chipotle Mexican Grill
CMG
$41.5B
$8.73M 0.06%
637,400
– –
VTR icon
268
Ventas
VTR
$47.9B
$8.7M 0.06%
106,207
+526
+0.5% +$41.5K
VTRS icon
269
Viatris
VTRS
$18.9B
$8.69M 0.06%
154,193
+800
+0.5% +$43K
PEG icon
270
Public Service Enterprise Group
PEG
$37.7B
$8.63M 0.06%
208,430
+1,000
+0.5% +$40.2K
OUT icon
271
Outfront Media
OUT
$5.5B
$8.61M 0.06%
325,969
+233,278
+252% +$5.7M
NFLX icon
272
Netflix
NFLX
$309B
$8.49M 0.06%
1,740,620
+14,000
+0.8% +$75.2K
VNO icon
273
Vornado Realty Trust
VNO
$7.38B
$8.47M 0.06%
98,312
+547
+0.6% +$43.8K
NTRS icon
274
Northern Trust
NTRS
$33.9B
$8.42M 0.06%
124,964
-77,253
-38% -$5.14M
CCL icon
275
Carnival Corporation Ltd
CCL
$39.7B
$8.41M 0.06%
185,560
+900
+0.5% +$36.8K
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 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.