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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AME icon
376
Ametek
AME
$58.2B
$5.06M 0.04%
100,800
+300
+0.3% +$15.6K
SWN
377
DELISTED
Southwestern Energy Company
SWN
$5.06M 0.04%
144,791
+100
+0.1% +$4K
FAST icon
378
Fastenal
FAST
$59.5B
$5.03M 0.03%
447,776
+400
+0.1% +$4.57K
IM
379
DELISTED
Ingram Micro
IM
$5M 0.03%
193,800
-39,300
-17% -$1.12M
ENDP
380
DELISTED
Endo International plc
ENDP
$4.97M 0.03%
72,800
+6,800
+10% +$448K
LRCX icon
381
Lam Research
LRCX
$390B
$4.96M 0.03%
664,680
– –
NOK icon
382
Nokia
NOK
$52.3B
$4.96M 0.03%
585,800
– –
EMN icon
383
Eastman Chemical
EMN
$8.42B
$4.94M 0.03%
61,110
-500
-0.8% -$41.7K
BWA icon
384
BorgWarner
BWA
$13.9B
$4.93M 0.03%
106,420
– –
CHK
385
DELISTED
Chesapeake Energy Corporation
CHK
$4.89M 0.03%
1,065
-31
-3% -$163K
TAP icon
386
Molson Coors Class B
TAP
$8.09B
$4.86M 0.03%
65,243
+100
+0.2% +$7.3K
CTXS
387
DELISTED
Citrix Systems Inc
CTXS
$4.81M 0.03%
84,684
+377
+0.4% +$20.5K
KEY icon
388
KeyCorp
KEY
$24.4B
$4.79M 0.03%
359,474
-2,500
-0.7% -$34.2K
DLTR icon
389
Dollar Tree
DLTR
$25.2B
$4.73M 0.03%
84,322
-400
-0.5% -$22.1K
TSN icon
390
Tyson Foods
TSN
$20.4B
$4.73M 0.03%
120,064
+7,300
+6% +$279K
SLXP
391
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$4.72M 0.03%
30,200
+300
+1% +$43.5K
NEM icon
392
Newmont
NEM
$119B
$4.71M 0.03%
204,499
+200
+0.1% +$5.1K
UAA icon
393
Under Armour
UAA
$2.6B
$4.71M 0.03%
136,400
+3,600
+3% +$120K
RRC icon
394
Range Resources
RRC
$8.95B
$4.69M 0.03%
69,123
– –
HSIC icon
395
Henry Schein
HSIC
$9.82B
$4.68M 0.03%
102,510
– –
GAP
396
The Gap Inc
GAP
$7.37B
$4.68M 0.03%
112,270
+5,700
+5% +$242K
XLNX
397
DELISTED
Xilinx Inc
XLNX
$4.66M 0.03%
110,075
-100
-0.1% -$4.37K
WHR icon
398
Whirlpool
WHR
$2.82B
$4.65M 0.03%
31,945
+100
+0.3% +$14.8K
ESS icon
399
Essex Property Trust
ESS
$18.5B
$4.65M 0.03%
26,014
+400
+2% +$75.4K
SLG icon
400
SL Green Realty
SLG
$3.99B
$4.6M 0.03%
46,899
+413
+0.9% +$43.2K
14 15
16
17 18

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 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.