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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
WU icon
426
Western Union
WU
$2.21B
$3.87M 0.03%
224,494
– –
APL
427
DELISTED
ATLAS PIPELINE PARTNERS LP UTS
APL
$3.86M 0.03%
110,000
– –
LLL
428
DELISTED
L3 Technologies, Inc.
LLL
$3.85M 0.03%
36,076
-99,700
-73% -$9.97M
TW
429
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$3.85M 0.03%
30,200
+200
+0.7% +$23.3K
SNI
430
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$3.85M 0.03%
44,543
– –
PLL
431
DELISTED
PALL CORP
PLL
$3.84M 0.03%
45,023
-500
-1% -$40.6K
CLF icon
432
Cleveland-Cliffs
CLF
$6.99B
$3.83M 0.03%
146,205
+24,000
+20% +$592K
WEC icon
433
WEC Energy
WEC
$35.1B
$3.81M 0.03%
92,104
-500
-0.5% -$20.7K
FNF icon
434
Fidelity National Financial
FNF
$13.5B
$3.79M 0.03%
204,699
+28,375
+16% +$459K
ANSS
435
DELISTED
Ansys
ANSS
$3.78M 0.03%
43,400
+300
+0.7% +$25.8K
NWL icon
436
Newell Brands
NWL
$2.56B
$3.78M 0.03%
116,728
-400
-0.3% -$11.9K
NRG icon
437
NRG Energy
NRG
$24.8B
$3.77M 0.03%
131,436
+100
+0.1% +$2.8K
AAP icon
438
Advance Auto Parts
AAP
$3.49B
$3.77M 0.03%
34,050
+100
+0.3% +$9.92K
NVDA icon
439
NVIDIA
NVDA
$5.42T
$3.77M 0.03%
9,408,320
-4,000
-0% -$1.55K
MNST icon
440
Monster Beverage
MNST
$88.5B
$3.74M 0.03%
331,428
+600
+0.2% +$5.89K
TRIP icon
441
TripAdvisor
TRIP
$1.26B
$3.73M 0.03%
45,038
-300
-0.7% -$24.5K
UNM icon
442
Unum
UNM
$14.3B
$3.73M 0.03%
106,209
-1,000
-0.9% -$32.7K
EXPD icon
443
Expeditors International
EXPD
$23.2B
$3.7M 0.03%
83,595
-400
-0.5% -$17.5K
MKC icon
444
McCormick & Company Non-Voting
MKC
$14.2B
$3.7M 0.03%
107,304
– –
TSN icon
445
Tyson Foods
TSN
$20.4B
$3.7M 0.03%
110,464
-2,700
-2% -$82.3K
MHK icon
446
Mohawk Industries
MHK
$9.22B
$3.69M 0.03%
24,800
-3,600
-13% -$492K
HP icon
447
Helmerich & Payne
HP
$3.71B
$3.66M 0.03%
43,580
+300
+0.7% +$23.4K
XL
448
DELISTED
XL Group Ltd.
XL
$3.66M 0.03%
114,962
-1,400
-1% -$43.6K
NWSA icon
449
News Corp Class A
NWSA
$15.4B
$3.65M 0.03%
202,419
-100
-0% -$1.73K
ENDP
450
DELISTED
Endo International plc
ENDP
$3.63M 0.03%
53,800
+600
+1% +$34.2K
16 17
18
19 20

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.