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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
MAT icon
301
Mattel
MAT
$4.23B
$6.55M 0.05%
137,589
-2,600
-2% -$116K
HUM icon
302
Humana
HUM
$46.2B
$6.54M 0.05%
63,390
-300
-0.5% -$29.4K
BSX icon
303
Boston Scientific
BSX
$71.5B
$6.53M 0.05%
542,836
-3,400
-0.6% -$40.2K
BRCM
304
DELISTED
BROADCOM CORP CL-A
BRCM
$6.5M 0.05%
219,370
-4,400
-2% -$120K
ZBH icon
305
Zimmer Biomet
ZBH
$18.4B
$6.48M 0.05%
71,588
+515
+0.7% +$44.6K
SNDK
306
DELISTED
SANDISK CORP
SNDK
$6.48M 0.05%
91,802
-6,000
-6% -$404K
ADI icon
307
Analog Devices
ADI
$190B
$6.44M 0.05%
126,405
– –
SHW icon
308
Sherwin-Williams
SHW
$89.8B
$6.42M 0.05%
104,985
-1,500
-1% -$91.8K
GWW icon
309
W.W. Grainger
GWW
$60.2B
$6.41M 0.05%
25,075
-100
-0.4% -$26K
TPR icon
310
Tapestry
TPR
$32.8B
$6.4M 0.05%
114,011
-700
-0.6% -$37.8K
WYNN icon
311
Wynn Resorts
WYNN
$10.6B
$6.38M 0.05%
32,874
– –
FIS icon
312
Fidelity National Information Services
FIS
$22.1B
$6.36M 0.05%
118,392
-400
-0.3% -$19.7K
VOD icon
313
Vodafone
VOD
$37.4B
$6.33M 0.05%
157,843
-157,843
-50% -$5.94M
MSI icon
314
Motorola Solutions
MSI
$77.4B
$6.32M 0.05%
93,654
-2,600
-3% -$166K
PNR icon
315
Pentair
PNR
$11B
$6.29M 0.05%
120,618
– –
WELL icon
316
Welltower
WELL
$171B
$6.29M 0.05%
117,377
+700
+0.6% +$41.6K
VNO icon
317
Vornado Realty Trust
VNO
$7.38B
$6.28M 0.05%
96,672
– –
BXP icon
318
Boston Properties
BXP
$11.1B
$6.24M 0.05%
62,164
+200
+0.3% +$20.7K
HOG icon
319
Harley-Davidson
HOG
$2.71B
$6.22M 0.05%
89,849
-900
-1% -$59.6K
ANR
320
DELISTED
Alpha Natural Resources Inc
ANR
$6.22M 0.05%
871,050
+237,500
+37% +$1.6M
FISV
321
Fiserv Inc
FISV
$27.9B
$6.19M 0.05%
209,752
-2,000
-0.9% -$54K
HOT
322
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$6.18M 0.05%
77,817
-1,500
-2% -$110K
MTB icon
323
M&T Bank
MTB
$36.2B
$6.17M 0.05%
52,977
+100
+0.2% +$11.4K
EIX icon
324
Edison International
EIX
$26.4B
$6.13M 0.05%
132,496
– –
PGR icon
325
Progressive
PGR
$125B
$6.12M 0.05%
224,445
-500
-0.2% -$13.5K
11 12
13
14 15

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.