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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
+5.11%
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
$15.1B
AUM Growth
+$699M
Cap. Flow
+$129M
Cap. Flow %
0.86%
Top 10 Hldgs %
25.21%
Holding
970
New
21
Increased
542
Reduced
301
Closed
19

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$297M
2
USB icon
US Bancorp
USB
+$211M
3
VR
Validus Hold Ltd
VR
+$143M
4
CVS icon
CVS Health
CVS
+$134M
5
GSK icon
GSK
GSK
+$119M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$204M
2
WMT icon
Walmart Inc
WMT
+$191M
3
JNJ icon
Johnson & Johnson
JNJ
+$122M
4
IBM icon
IBM
IBM
+$115M
5
AZO icon
AutoZone
AZO
+$104M

Sector Composition

Rank Sector Weight
1 Financials 19.55%
2 Technology 13.02%
3 Healthcare 12.6%
4 Consumer Discretionary 9%
5 Industrials 8.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CBRE icon
451
CBRE Group
CBRE
$42.9B
$3.94M 0.03%
115,160
+800
+0.7% +$25.6K
FLR icon
452
Fluor
FLR
$7.96B
$3.9M 0.03%
64,373
-200
-0.3% -$12.6K
NEM icon
453
Newmont
NEM
$119B
$3.88M 0.03%
205,499
+1,000
+0.5% +$20.1K
WAT icon
454
Waters Corp
WAT
$39.9B
$3.87M 0.03%
34,324
-100
-0.3% -$11K
ANDV
455
DELISTED
Andeavor
ANDV
$3.86M 0.03%
51,967
-600
-1% -$42.3K
WU icon
456
Western Union
WU
$2.21B
$3.86M 0.03%
215,294
-1,900
-0.9% -$32.9K
BALL icon
457
Ball Corp
BALL
$16.8B
$3.85M 0.03%
112,800
-800
-0.7% -$26.4K
HRB icon
458
H&R Block
HRB
$5.86B
$3.82M 0.03%
113,366
+600
+0.5% +$19.2K
EWI icon
459
iShares MSCI Italy ETF
EWI
$1.07B
$3.81M 0.03%
140,000
– –
XEC
460
DELISTED
CIMAREX ENERGY CO
XEC
$3.81M 0.03%
35,900
+200
+0.6% +$22.2K
EPC icon
461
Edgewell Personal Care
EPC
$1.31B
$3.8M 0.03%
39,855
+270
+0.7% +$24.8K
FL
462
DELISTED
Foot Locker
FL
$3.8M 0.03%
67,600
-600
-0.9% -$33.3K
TW
463
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$3.77M 0.02%
33,300
– –
NRG icon
464
NRG Energy
NRG
$24.8B
$3.75M 0.02%
139,236
+800
+0.6% +$23.7K
ALK icon
465
Alaska Air
ALK
$5.58B
$3.74M 0.02%
62,640
-1,400
-2% -$73.8K
UDR icon
466
UDR
UDR
$12.3B
$3.74M 0.02%
121,445
+2,000
+2% +$59.9K
MCHP icon
467
Microchip Technology
MCHP
$46B
$3.73M 0.02%
165,528
+1,200
+0.7% +$26.1K
COO icon
468
Cooper Companies
COO
$14.5B
$3.73M 0.02%
92,000
+400
+0.4% +$16.1K
RMD icon
469
ResMed
RMD
$30.7B
$3.72M 0.02%
66,400
-100
-0.2% -$5.22K
AES icon
470
AES
AES
$10.5B
$3.72M 0.02%
270,225
-2,600
-1% -$35.5K
RRC icon
471
Range Resources
RRC
$8.95B
$3.72M 0.02%
69,523
+400
+0.6% +$25.9K
JBHT icon
472
JB Hunt Transport Services
JBHT
$25.2B
$3.71M 0.02%
44,060
+400
+0.9% +$31.8K
MAS icon
473
Masco
MAS
$15.3B
$3.7M 0.02%
167,045
+797
+0.5% +$16.5K
SEE
474
DELISTED
Sealed Air
SEE
$3.69M 0.02%
86,984
+100
+0.1% +$3.76K
SCTY
475
DELISTED
SolarCity Corporation
SCTY
$3.69M 0.02%
69,000
+24,000
+53% +$1.29M
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 2014 Portfolio in Review

As of Q4 2014, State of Michigan Retirement System held 970 positions worth $15.1B, up 4.8% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2014: portfolio turnover was 4.1%. State of Michigan Retirement System opened 21 new positions and exited 19, leaving the 970-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q4 2014 buy was Validus Hold Ltd: 3,550,000 shares worth $148M.
  • State of Michigan Retirement System added most to Verizon in Q4 2014, an estimated $297M increase.
  • State of Michigan Retirement System's biggest Q4 2014 reduction was Goldman Sachs, cutting an estimated $204M.
  • State of Michigan Retirement System fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $15.1B portfolio in Q4 2014.
  • State of Michigan Retirement System opened 21 new positions and closed 19 in Q4 2014.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $15.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2014, filed 3 Feb 2015.