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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
KO icon
26
Coca-Cola
KO
$374B
$110M 0.84%
2,653,946
+53,200
+2% +$2.1M
SLB icon
27
SLB Ltd
SLB
$76.5B
$107M 0.81%
1,182,383
-2,800
-0.2% -$253K
JPM icon
28
JPMorgan Chase
JPM
$947B
$105M 0.8%
1,800,025
+23,200
+1% +$1.27M
CMCSA icon
29
Comcast
CMCSA
$89.3B
$103M 0.79%
3,966,898
-315,200
-7% -$7.59M
AIG icon
30
American International
AIG
$42.4B
$99.1M 0.76%
1,940,402
-1,001,100
-34% -$49.9M
PCP
31
DELISTED
PRECISION CASTPARTS CORP
PCP
$95.9M 0.73%
356,059
-100
-0% -$25.2K
ABT icon
32
Abbott
ABT
$187B
$94.2M 0.72%
2,457,010
+392,400
+19% +$14.5M
TJX icon
33
TJX Companies
TJX
$179B
$93.1M 0.71%
2,923,172
+439,400
+18% +$13.3M
T icon
34
AT&T
T
$162B
$92.1M 0.7%
3,469,048
-5,561
-0.2% -$146K
HD icon
35
Home Depot
HD
$349B
$90M 0.69%
1,092,540
+509,900
+88% +$39.7M
V icon
36
Visa
V
$692B
$79.7M 0.61%
1,432,080
-11,600
-0.8% -$585K
C icon
37
Citigroup
C
$224B
$79.7M 0.61%
1,529,200
+139,200
+10% +$7.04M
TEVA icon
38
Teva Pharmaceuticals
TEVA
$40.6B
$72.7M 0.56%
1,815,097
-1,528,000
-46% -$60.2M
VZ icon
39
Verizon
VZ
$195B
$70.1M 0.54%
1,427,071
-600
-0% -$29.5K
ORCL icon
40
Oracle
ORCL
$413B
$68.8M 0.53%
1,797,748
+1,300
+0.1% +$44.7K
MCD icon
41
McDonald's
MCD
$196B
$67.8M 0.52%
698,489
-2,100
-0.3% -$202K
CELG
42
DELISTED
Celgene Corp
CELG
$66.1M 0.51%
782,980
+120,400
+18% +$9.53M
BRK.B icon
43
Berkshire Hathaway Class B
BRK.B
$1.13T
$66.1M 0.51%
557,766
-8,900
-2% -$1.03M
INTC icon
44
Intel
INTC
$503B
$65.7M 0.5%
2,531,755
+118,400
+5% +$2.86M
TSLA icon
45
Tesla
TSLA
$1.26T
$59.2M 0.45%
5,902,500
+4,905,000
+492% +$50.1M
CSCO icon
46
Cisco
CSCO
$476B
$59.1M 0.45%
2,633,563
-7,300
-0.3% -$162K
WMT icon
47
Walmart Inc
WMT
$892B
$57.2M 0.44%
2,179,971
-13,200
-0.6% -$341K
APOL
48
DELISTED
Apollo Education Group Inc Class A
APOL
$55.6M 0.42%
+2,034,989
New +$50.5M
SCHW
49
Charles Schwab
SCHW
$187B
$54.6M 0.42%
2,100,717
-7,078,692
-77% -$169M
RTX icon
50
RTX Corp
RTX
$301B
$54.3M 0.41%
758,079
-184,165
-20% -$12.6M
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 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.