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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
+2.53%
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
$13.3B
AUM Growth
+$227M
Cap. Flow
-$30.1M
Cap. Flow %
-0.23%
Top 10 Hldgs %
23.07%
Holding
967
New
19
Increased
585
Reduced
284
Closed
14

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$181M
2
PEP icon
PepsiCo
PEP
+$104M
3
BBWI icon
Bath & Body Works
BBWI
+$89.2M
4
AZO icon
AutoZone
AZO
+$66.8M
5
UNP icon
Union Pacific
UNP
+$66.1M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$239M
2
K
Kellanova
K
+$126M
3
JNJ icon
Johnson & Johnson
JNJ
+$112M
4
TJX icon
TJX Companies
TJX
+$57.5M
5
WFC icon
Wells Fargo
WFC
+$41.9M

Sector Composition

Rank Sector Weight
1 Financials 16.93%
2 Healthcare 13.1%
3 Technology 12.32%
4 Consumer Discretionary 9.95%
5 Consumer Staples 9.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
26
Pfizer
PFE
$152B
$116M 0.87%
3,817,325
-31,093
-0.8% -$927K
CVX icon
27
Chevron
CVX
$365B
$107M 0.81%
901,674
-207,600
-19% -$24.1M
T icon
28
AT&T
T
$163B
$107M 0.8%
4,043,135
+574,087
+17% +$14.4M
JPM icon
29
JPMorgan Chase
JPM
$952B
$105M 0.79%
1,730,425
-69,600
-4% -$4.02M
UNP icon
30
Union Pacific
UNP
$175B
$105M 0.79%
1,118,456
+744,000
+199% +$66.1M
C icon
31
Citigroup
C
$226B
$103M 0.78%
2,169,500
+640,300
+42% +$31.9M
ABT icon
32
Abbott
ABT
$187B
$95.5M 0.72%
2,480,011
+23,001
+0.9% +$887K
VZ icon
33
Verizon
VZ
$195B
$95M 0.71%
1,996,287
+569,216
+40% +$26.9M
PG icon
34
Procter & Gamble
PG
$339B
$92.8M 0.7%
1,151,212
-362,300
-24% -$28.5M
V icon
35
Visa
V
$678B
$91.3M 0.69%
1,691,680
+259,600
+18% +$14.4M
PCP
36
DELISTED
PRECISION CASTPARTS CORP
PCP
$90M 0.68%
356,259
+200
+0.1% +$51.8K
TEVA icon
37
Teva Pharmaceuticals
TEVA
$41.1B
$88.5M 0.66%
1,675,097
-140,000
-8% -$6.47M
CMCSA icon
38
Comcast
CMCSA
$90.3B
$86.8M 0.65%
3,468,898
-498,000
-13% -$13M
TSLA icon
39
Tesla
TSLA
$1.29T
$82.4M 0.62%
5,932,500
+30,000
+0.5% +$402K
AMZN icon
40
Amazon
AMZN
$2.96T
$76.9M 0.58%
4,571,000
-1,004,000
-18% -$18.6M
ORCL icon
41
Oracle
ORCL
$421B
$73M 0.55%
1,784,548
-13,200
-0.7% -$502K
BRK.B icon
42
Berkshire Hathaway Class B
BRK.B
$1.12T
$70.1M 0.53%
560,766
+3,000
+0.5% +$351K
KO icon
43
Coca-Cola
KO
$375B
$68.7M 0.52%
1,776,546
-877,400
-33% -$33.9M
MCD icon
44
McDonald's
MCD
$195B
$68.4M 0.51%
697,989
-500
-0.1% -$47.8K
INTC icon
45
Intel
INTC
$508B
$65.6M 0.49%
2,540,255
+8,500
+0.3% +$212K
CELG
46
DELISTED
Celgene Corp
CELG
$61M 0.46%
874,580
+91,600
+12% +$7.25M
APTV icon
47
Aptiv
APTV
$10.3B
$58.6M 0.44%
863,090
+105,300
+14% +$6.72M
CSCO icon
48
Cisco
CSCO
$477B
$57.4M 0.43%
2,562,563
-71,000
-3% -$1.57M
RTX icon
49
RTX Corp
RTX
$301B
$55.8M 0.42%
758,873
+794
+0.1% +$57K
CVS icon
50
CVS Health
CVS
$122B
$52.5M 0.39%
701,600
-1,300
-0.2% -$91.8K
1
2
3 4 5

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FAM
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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)
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CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
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DSA
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State of Michigan Retirement System's Q1 2014 Portfolio in Review

As of Q1 2014, State of Michigan Retirement System held 967 positions worth $13.3B, up 1.7% from $13.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2014: portfolio turnover was 3.4%. State of Michigan Retirement System opened 19 new positions and exited 14, leaving the 967-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q1 2014 buy was Aeropostale Inc: 3,396,000 shares worth $17M.
  • State of Michigan Retirement System added most to Walmart Inc in Q1 2014, an estimated $181M increase.
  • State of Michigan Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $239M.
  • State of Michigan Retirement System fully exited Bunge Global in Q1 2014, selling an estimated $11.1M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $13.3B portfolio in Q1 2014.
  • State of Michigan Retirement System opened 19 new positions and closed 14 in Q1 2014.
  • State of Michigan Retirement System's portfolio value rose 1.7% quarter-over-quarter to $13.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2014, filed 6 May 2014.