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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
ETR icon
326
Entergy
ETR
$50B
$6.51M 0.04%
148,774
+1,600
+1% +$66.4K
ROP icon
327
Roper Technologies
ROP
$39.8B
$6.46M 0.04%
41,294
+300
+0.7% +$46K
NUE icon
328
Nucor
NUE
$62.1B
$6.45M 0.04%
131,427
+700
+0.5% +$36.4K
ANR
329
DELISTED
Alpha Natural Resources Inc
ANR
$6.43M 0.04%
3,850,000
-590,150
-13% -$1.2M
MNST icon
330
Monster Beverage
MNST
$88.5B
$6.43M 0.04%
356,028
+2,400
+0.7% +$41.4K
CPRI icon
331
Capri Holdings
CPRI
$1.74B
$6.37M 0.04%
84,800
+700
+0.8% +$52.2K
GWW icon
332
W.W. Grainger
GWW
$60.2B
$6.37M 0.04%
24,975
– –
HSY icon
333
Hershey
HSY
$36.6B
$6.33M 0.04%
60,926
-200
-0.3% -$19.5K
DTE icon
334
DTE Energy
DTE
$29.1B
$6.3M 0.04%
85,680
+470
+0.6% +$32.6K
ROK icon
335
Rockwell Automation
ROK
$49B
$6.21M 0.04%
55,890
-600
-1% -$65.8K
PAYX icon
336
Paychex
PAYX
$42.7B
$6.21M 0.04%
134,551
+600
+0.4% +$27.7K
WHR icon
337
Whirlpool
WHR
$2.82B
$6.21M 0.04%
32,045
+100
+0.3% +$17.2K
SWK icon
338
Stanley Black & Decker
SWK
$15.7B
$6.2M 0.04%
64,536
+500
+0.8% +$46.1K
LNC icon
339
Lincoln National
LNC
$8.81B
$6.17M 0.04%
106,997
– –
XRX icon
340
Xerox
XRX
$425M
$6.13M 0.04%
167,761
-873
-0.5% -$30.8K
EA
341
DELISTED
Electronic Arts
EA
$6.02M 0.04%
128,082
-100
-0.1% -$4.12K
RF icon
342
Regions Financial
RF
$26.8B
$5.99M 0.04%
566,946
+1,800
+0.3% +$18K
ESV
343
DELISTED
Ensco Rowan plc
ESV
$5.97M 0.04%
49,870
-37,825
-43% -$5.42M
NLSN
344
DELISTED
Nielsen Holdings plc
NLSN
$5.97M 0.04%
133,400
+8,700
+7% +$373K
DLTR icon
345
Dollar Tree
DLTR
$25.2B
$5.96M 0.04%
84,722
+400
+0.5% +$25.2K
HOT
346
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$5.96M 0.04%
73,517
-4,600
-6% -$359K
PGR icon
347
Progressive
PGR
$125B
$5.95M 0.04%
220,345
-300
-0.1% -$7.91K
MOS icon
348
The Mosaic Company
MOS
$7.33B
$5.94M 0.04%
130,030
-500
-0.4% -$22.2K
KMX icon
349
CarMax
KMX
$8.26B
$5.91M 0.04%
88,769
-1,100
-1% -$61K
EQIX icon
350
Equinix
EQIX
$103B
$5.91M 0.04%
26,050
+850
+3% +$184K
12 13
14
15 16

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.