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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
HST icon
301
Host Hotels & Resorts
HST
$16B
$7.42M 0.05%
311,996
+1,700
+0.5% +$38.7K
HIG icon
302
Hartford Financial Services
HIG
$39.3B
$7.41M 0.05%
177,727
-5,900
-3% -$233K
GEN icon
303
Gen Digital
GEN
$17.5B
$7.29M 0.05%
284,249
+1,200
+0.4% +$29.8K
GGP
304
DELISTED
GGP Inc.
GGP
$7.27M 0.05%
258,500
+1,200
+0.5% +$31.2K
FIS icon
305
Fidelity National Information Services
FIS
$22.1B
$7.27M 0.05%
116,892
-100
-0.1% -$5.88K
MCO icon
306
Moody's
MCO
$82.7B
$7.25M 0.05%
75,633
-600
-0.8% -$58.2K
BSX icon
307
Boston Scientific
BSX
$71.5B
$7.24M 0.05%
546,436
+3,000
+0.6% +$38.4K
FISV
308
Fiserv Inc
FISV
$27.9B
$7.13M 0.05%
200,952
-3,400
-2% -$116K
ADI icon
309
Analog Devices
ADI
$190B
$7.12M 0.05%
128,205
-600
-0.5% -$30.6K
NBL
310
DELISTED
Noble Energy, Inc.
NBL
$7.04M 0.05%
148,414
+700
+0.5% +$38K
EL icon
311
Estee Lauder
EL
$32B
$7.03M 0.05%
92,290
+100
+0.1% +$7.39K
IVZ icon
312
Invesco
IVZ
$13.9B
$7.01M 0.05%
177,443
+100
+0.1% +$3.94K
ES icon
313
Eversource Energy
ES
$27.2B
$6.98M 0.05%
130,456
+900
+0.7% +$44.9K
TT icon
314
Trane Technologies
TT
$106B
$6.93M 0.05%
109,316
-400
-0.4% -$24.4K
FITB
315
Fifth Third Bancorp
FITB
$51.8B
$6.92M 0.05%
339,412
-2,600
-0.8% -$51.6K
APH icon
316
Amphenol
APH
$209B
$6.86M 0.05%
509,696
-4,800
-0.9% -$61.4K
MTB icon
317
M&T Bank
MTB
$36.2B
$6.83M 0.05%
54,377
+300
+0.6% +$36.8K
MAR icon
318
Marriott International
MAR
$92.3B
$6.83M 0.05%
87,519
-1,800
-2% -$133K
K
319
DELISTED
Kellanova
K
$6.79M 0.05%
110,542
-1,065
-1% -$63.9K
STZ icon
320
Constellation Brands
STZ
$23.2B
$6.79M 0.04%
69,123
+400
+0.6% +$36.6K
FE icon
321
FirstEnergy
FE
$27.5B
$6.76M 0.04%
173,333
+1,000
+0.6% +$36.7K
SIAL
322
DELISTED
SIGMA - ALDRICH CORP
SIAL
$6.74M 0.04%
49,095
+300
+0.6% +$40.8K
GPC icon
323
Genuine Parts
GPC
$18.7B
$6.71M 0.04%
62,996
+200
+0.3% +$19.6K
GMCR
324
DELISTED
KEURIG GREEN MTN INC
GMCR
$6.63M 0.04%
50,100
+200
+0.4% +$28.4K
SWKS icon
325
Skyworks Solutions
SWKS
$10.6B
$6.59M 0.04%
90,700
+800
+0.9% +$49.6K
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 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.