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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
+5.75%
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
$11.4B
AUM Growth
+$521M
Cap. Flow
-$6.83M
Cap. Flow %
-0.06%
Top 10 Hldgs %
22.32%
Holding
968
New
21
Increased
597
Reduced
269
Closed
15

Top Buys

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$51.3M
2
EXC icon
Exelon
EXC
+$47.7M
3
GILD icon
Gilead Sciences
GILD
+$40.9M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$37.9M
5
K
Kellanova
K
+$34.1M

Top Sells

Rank Stock Value
1
GIS icon
General Mills
GIS
+$81.9M
2
APOL
Apollo Education Group Inc Class A
APOL
+$69.1M
3
CME icon
CME Group
CME
+$68.5M
4
UNH icon
UnitedHealth
UNH
+$58.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$57.3M

Sector Composition

Rank Sector Weight
1 Financials 17.01%
2 Healthcare 14.58%
3 Technology 12.56%
4 Consumer Staples 9.82%
5 Industrials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KO icon
26
Coca-Cola
KO
$374B
$98.5M 0.86%
2,600,746
+75,100
+3% +$2.97M
CMCSA icon
27
Comcast
CMCSA
$89.3B
$96.7M 0.85%
4,282,098
+170,200
+4% +$3.71M
JPM icon
28
JPMorgan Chase
JPM
$947B
$91.8M 0.8%
1,776,825
-4,000
-0.2% -$215K
IBM icon
29
IBM
IBM
$220B
$89.9M 0.79%
507,974
– –
T icon
30
AT&T
T
$162B
$88.8M 0.78%
3,474,609
-32,835
-0.9% -$862K
AMZN icon
31
Amazon
AMZN
$2.94T
$87.1M 0.76%
5,571,000
+492,000
+10% +$7.33M
PCP
32
DELISTED
PRECISION CASTPARTS CORP
PCP
$80.9M 0.71%
356,159
+29,700
+9% +$6.7M
TJX icon
33
TJX Companies
TJX
$179B
$70M 0.61%
2,483,772
-337,800
-12% -$8.99M
V icon
34
Visa
V
$692B
$69M 0.6%
1,443,680
-2,000
-0.1% -$92.4K
ABT icon
35
Abbott
ABT
$187B
$68.5M 0.6%
2,064,610
-222,300
-10% -$7.8M
C icon
36
Citigroup
C
$224B
$67.4M 0.59%
1,390,000
-34,400
-2% -$1.74M
MCD icon
37
McDonald's
MCD
$196B
$67.4M 0.59%
700,589
-600
-0.1% -$58.6K
VZ icon
38
Verizon
VZ
$195B
$66.6M 0.58%
1,427,671
+1,900
+0.1% +$92.7K
BRK.B icon
39
Berkshire Hathaway Class B
BRK.B
$1.13T
$64.3M 0.56%
566,666
– –
RTX icon
40
RTX Corp
RTX
$301B
$63.9M 0.56%
942,244
+158,106
+20% +$10.3M
CSCO icon
41
Cisco
CSCO
$476B
$61.8M 0.54%
2,640,863
-327,400
-11% -$8.13M
ORCL icon
42
Oracle
ORCL
$413B
$59.6M 0.52%
1,796,448
-42,000
-2% -$1.36M
EXC icon
43
Exelon
EXC
$46.7B
$56.4M 0.49%
2,668,551
+2,181,231
+448% +$47.7M
INTC icon
44
Intel
INTC
$503B
$55.3M 0.48%
2,413,355
-53,300
-2% -$1.23M
WMT icon
45
Walmart Inc
WMT
$892B
$54.1M 0.47%
2,193,171
+50,100
+2% +$1.26M
CELG
46
DELISTED
Celgene Corp
CELG
$51M 0.45%
662,580
-276,200
-29% -$19.4M
EBAY icon
47
eBay
EBAY
$48.9B
$47.2M 0.41%
2,012,201
-1,188
-0.1% -$26.6K
COP icon
48
ConocoPhillips
COP
$140B
$45.2M 0.4%
650,015
+153,400
+31% +$10.2M
DD
49
DELISTED
Du Pont De Nemours E I
DD
$45M 0.39%
808,320
+1,896
+0.2% +$104K
HD icon
50
Home Depot
HD
$349B
$44.2M 0.39%
582,640
-10,700
-2% -$826K
1
2
3 4 5

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 2013 Portfolio in Review

As of Q3 2013, State of Michigan Retirement System held 968 positions worth $11.4B, up 4.8% from $10.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 3.7%. State of Michigan Retirement System opened 21 new positions and exited 15, leaving the 968-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 807,877 shares worth $27.1M.
  • State of Michigan Retirement System added most to Bank of New York Mellon in Q3 2013, an estimated $51.3M increase.
  • State of Michigan Retirement System's biggest Q3 2013 reduction was General Mills, cutting an estimated $81.9M.
  • State of Michigan Retirement System fully exited Apollo Education Group Inc Class A in Q3 2013, selling an estimated $69.1M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $11.4B portfolio in Q3 2013.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q3 2013.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2013, filed 8 Nov 2013.