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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
+5.75%
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
$11.4B
AUM Growth
+$521M
Cap. Flow
-$6.83M
Cap. Flow %
-0.06%
Top 10 Hldgs %
22.32%
Holding
968
New
21
Increased
597
Reduced
269
Closed
15

Top Buys

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$51.3M
2
EXC icon
Exelon
EXC
+$47.7M
3
GILD icon
Gilead Sciences
GILD
+$40.9M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$37.9M
5
K
Kellanova
K
+$34.1M

Top Sells

Rank Stock Value
1
GIS icon
General Mills
GIS
+$81.9M
2
APOL
Apollo Education Group Inc Class A
APOL
+$69.1M
3
CME icon
CME Group
CME
+$68.5M
4
UNH icon
UnitedHealth
UNH
+$58.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$57.3M

Sector Composition

Rank Sector Weight
1 Financials 17.01%
2 Healthcare 14.58%
3 Technology 12.56%
4 Consumer Staples 9.82%
5 Industrials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APH icon
351
Amphenol
APH
$209B
$5.01M 0.04%
517,696
-1,600
-0.3% -$15.6K
CF icon
352
CF Industries
CF
$17.3B
$4.92M 0.04%
116,665
-3,500
-3% -$134K
KSU
353
DELISTED
Kansas City Southern
KSU
$4.9M 0.04%
44,800
– –
EMN icon
354
Eastman Chemical
EMN
$8.42B
$4.88M 0.04%
62,710
-300
-0.5% -$23.1K
XRX icon
355
Xerox
XRX
$425M
$4.85M 0.04%
178,843
-10,436
-6% -$274K
ALTR
356
DELISTED
Altera Corp
ALTR
$4.83M 0.04%
129,972
-100
-0.1% -$3.59K
BFH icon
357
Bread Financial
BFH
$4.38B
$4.8M 0.04%
28,443
+125
+0.4% +$19.8K
PFG icon
358
Principal Financial Group
PFG
$24.3B
$4.77M 0.04%
111,375
-600
-0.5% -$25K
PRGO icon
359
Perrigo
PRGO
$1.78B
$4.73M 0.04%
38,314
+2,400
+7% +$300K
BWA icon
360
BorgWarner
BWA
$13.9B
$4.72M 0.04%
105,852
-682
-0.6% -$28.6K
WHR icon
361
Whirlpool
WHR
$2.82B
$4.72M 0.04%
32,245
+100
+0.3% +$13.2K
FLR icon
362
Fluor
FLR
$7.96B
$4.7M 0.04%
66,273
+100
+0.2% +$6.48K
DTE icon
363
DTE Energy
DTE
$29.1B
$4.69M 0.04%
83,565
+588
+0.7% +$34.1K
GMCR
364
DELISTED
KEURIG GREEN MTN INC
GMCR
$4.6M 0.04%
61,100
+4,100
+7% +$324K
AA icon
365
Alcoa
AA
$13.2B
$4.59M 0.04%
235,505
+54,765
+30% +$1.06M
ETR icon
366
Entergy
ETR
$50B
$4.58M 0.04%
144,974
+200
+0.1% +$6.64K
AME icon
367
Ametek
AME
$58.2B
$4.57M 0.04%
99,300
-12,722
-11% -$573K
LNC icon
368
Lincoln National
LNC
$8.81B
$4.52M 0.04%
107,597
-1,400
-1% -$59.1K
GAP
369
The Gap Inc
GAP
$7.37B
$4.52M 0.04%
112,170
-5,600
-5% -$242K
BF.B icon
370
Brown-Forman Class B
BF.B
$13.1B
$4.5M 0.04%
206,647
+14,063
+7% +$317K
SJM icon
371
J.M. Smucker
SJM
$12.8B
$4.5M 0.04%
42,808
-800
-2% -$86.6K
AMG icon
372
Affiliated Managers Group
AMG
$9.76B
$4.49M 0.04%
24,600
+300
+1% +$53.3K
OKE icon
373
Oneok
OKE
$54.5B
$4.47M 0.04%
95,751
+115
+0.1% +$4.99K
LKQ icon
374
LKQ Corp
LKQ
$6.29B
$4.45M 0.04%
139,800
+2,400
+2% +$69.3K
SLM icon
375
SLM Corp
SLM
$5.15B
$4.42M 0.04%
496,435
-8,394
-2% -$73.3K
13 14
15
16 17

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 2013 Portfolio in Review

As of Q3 2013, State of Michigan Retirement System held 968 positions worth $11.4B, up 4.8% from $10.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 3.7%. State of Michigan Retirement System opened 21 new positions and exited 15, leaving the 968-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 807,877 shares worth $27.1M.
  • State of Michigan Retirement System added most to Bank of New York Mellon in Q3 2013, an estimated $51.3M increase.
  • State of Michigan Retirement System's biggest Q3 2013 reduction was General Mills, cutting an estimated $81.9M.
  • State of Michigan Retirement System fully exited Apollo Education Group Inc Class A in Q3 2013, selling an estimated $69.1M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $11.4B portfolio in Q3 2013.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q3 2013.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2013, filed 8 Nov 2013.