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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
JEF icon
451
Jefferies Financial Group
JEF
$13.1B
$3.61M 0.03%
142,360
– –
MCHP icon
452
Microchip Technology
MCHP
$46B
$3.61M 0.03%
161,328
+800
+0.5% +$16.8K
TAP icon
453
Molson Coors Class B
TAP
$8.09B
$3.61M 0.03%
64,243
+100
+0.2% +$5.35K
O icon
454
Realty Income
O
$59.1B
$3.6M 0.03%
99,588
+5,263
+6% +$202K
JWN
455
DELISTED
Nordstrom
JWN
$3.6M 0.03%
58,200
-500
-0.9% -$30.1K
LRCX icon
456
Lam Research
LRCX
$390B
$3.6M 0.03%
660,680
-3,000
-0.5% -$15.8K
CHRW icon
457
C.H. Robinson
CHRW
$17.5B
$3.59M 0.03%
61,597
-3,200
-5% -$188K
AEE icon
458
Ameren
AEE
$30.1B
$3.57M 0.03%
98,682
– –
FBIN icon
459
Fortune Brands Innovations
FBIN
$6.06B
$3.56M 0.03%
91,026
+585
+0.6% +$21.1K
CNX icon
460
CNX Resources
CNX
$5.2B
$3.54M 0.03%
111,650
– –
RKT
461
DELISTED
ROCK-TENN COMPANY CL-A
RKT
$3.54M 0.03%
67,400
+400
+0.6% +$20.2K
CMA
462
DELISTED
Comerica
CMA
$3.54M 0.03%
74,376
-900
-1% -$39.5K
WOLF icon
463
Wolfspeed
WOLF
$1.71B
$3.54M 0.03%
56,500
+500
+0.9% +$30.9K
EG icon
464
Everest Group
EG
$14.4B
$3.5M 0.03%
22,420
-200
-0.9% -$30.5K
FLG
465
Flagstar Bank National Association
FLG
$5.82B
$3.48M 0.03%
68,790
+333
+0.5% +$16.1K
WAT icon
466
Waters Corp
WAT
$39.9B
$3.46M 0.03%
34,624
– –
JAH
467
DELISTED
JARDEN CORPORATION
JAH
$3.44M 0.03%
84,000
+1,350
+2% +$49K
AKAM icon
468
Akamai
AKAM
$15.9B
$3.43M 0.03%
72,747
+300
+0.4% +$14.2K
CFN
469
DELISTED
CAREFUSION CORPORATION
CFN
$3.42M 0.03%
85,913
-1,300
-1% -$50.6K
EFX icon
470
Equifax
EFX
$21.4B
$3.42M 0.03%
49,502
+200
+0.4% +$13K
UHS icon
471
Universal Health Services
UHS
$10.5B
$3.4M 0.03%
41,900
+300
+0.7% +$24K
URI icon
472
United Rentals
URI
$72.4B
$3.4M 0.03%
43,636
+200
+0.5% +$13.4K
J icon
473
Jacobs Solutions
J
$17B
$3.38M 0.03%
64,790
+121
+0.2% +$5.99K
MTD icon
474
Mettler-Toledo International
MTD
$28.6B
$3.37M 0.03%
13,900
-100
-0.7% -$24.4K
MAC icon
475
Macerich
MAC
$6.92B
$3.36M 0.03%
57,088
-100
-0.2% -$5.81K
17 18
19
20 21

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.