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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
RHT
401
DELISTED
Red Hat Inc
RHT
$4.32M 0.03%
77,016
– –
CHD icon
402
Church & Dwight Co
CHD
$24.5B
$4.31M 0.03%
129,980
+800
+0.6% +$25.8K
RL icon
403
Ralph Lauren
RL
$23.6B
$4.28M 0.03%
24,233
-400
-2% -$68.1K
XEC
404
DELISTED
CIMAREX ENERGY CO
XEC
$4.27M 0.03%
40,700
+400
+1% +$40.5K
KMX icon
405
CarMax
KMX
$8.26B
$4.27M 0.03%
90,769
-200
-0.2% -$9.8K
ALTR
406
DELISTED
Altera Corp
ALTR
$4.25M 0.03%
130,572
+600
+0.5% +$20.1K
BCR
407
DELISTED
CR Bard Inc.
BCR
$4.24M 0.03%
31,685
-500
-2% -$65.9K
HKTV
408
DELISTED
HONG KONG TELEVISION NETWORK LTD
HKTV
$4.24M 0.03%
469,000
-450,000
-49% -$2.76M
GAP
409
The Gap Inc
GAP
$7.37B
$4.21M 0.03%
107,670
-4,500
-4% -$176K
TXT icon
410
Textron
TXT
$15.4B
$4.2M 0.03%
114,281
+200
+0.2% +$6.14K
NI icon
411
NiSource
NI
$20.4B
$4.19M 0.03%
324,146
+509
+0.2% +$6.31K
TRMB icon
412
Trimble
TRMB
$13.9B
$4.19M 0.03%
120,700
+1,100
+0.9% +$34.7K
TIF
413
DELISTED
Tiffany & Co.
TIF
$4.15M 0.03%
44,722
– –
EQIX icon
414
Equinix
EQIX
$103B
$4.13M 0.03%
23,300
+300
+1% +$49.9K
GEVO icon
415
Gevo
GEVO
$382M
$4.11M 0.03%
479
+454
+1,816% +$4.35M
SLG icon
416
SL Green Realty
SLG
$3.99B
$4.1M 0.03%
45,866
+1,550
+3% +$138K
FMC icon
417
FMC
FMC
$1.33B
$4.09M 0.03%
62,472
-1,499
-2% -$95.1K
COL
418
DELISTED
Rockwell Collins
COL
$4.06M 0.03%
54,909
– –
SRCL
419
DELISTED
Stericycle Inc
SRCL
$4.05M 0.03%
34,857
-100
-0.3% -$11.7K
CNP icon
420
CenterPoint Energy
CNP
$26.8B
$4.04M 0.03%
174,238
-100
-0.1% -$2.4K
BEAV
421
DELISTED
B/E Aerospace Inc
BEAV
$4.01M 0.03%
63,664
+276
+0.4% +$16.5K
OII icon
422
Oceaneering
OII
$4.77B
$4M 0.03%
50,700
+300
+0.6% +$24.4K
KDP icon
423
Keurig Dr Pepper
KDP
$40.8B
$3.98M 0.03%
81,604
-1,200
-1% -$56.5K
TNL icon
424
Travel + Leisure Co
TNL
$4.7B
$3.9M 0.03%
117,282
-2,437
-2% -$74.6K
AES icon
425
AES
AES
$10.5B
$3.87M 0.03%
266,925
+16,600
+7% +$236K
15 16
17
18 19

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.