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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
26
Union Pacific
UNP
$175B
$121M 0.84%
1,114,956
-3,200
-0.3% -$331K
C icon
27
Citigroup
C
$224B
$115M 0.8%
2,212,500
-221,200
-9% -$11.1M
PFE icon
28
Pfizer
PFE
$149B
$111M 0.77%
3,956,874
-100,341
-2% -$2.82M
V icon
29
Visa
V
$692B
$104M 0.72%
1,951,280
+263,200
+16% +$14.1M
JPM icon
30
JPMorgan Chase
JPM
$947B
$104M 0.72%
1,726,725
-8,900
-0.5% -$520K
PG icon
31
Procter & Gamble
PG
$342B
$93M 0.65%
1,110,012
+1,200
+0.1% +$98.3K
CVX icon
32
Chevron
CVX
$371B
$92.9M 0.64%
778,504
-1,500
-0.2% -$191K
MRK icon
33
Merck
MRK
$317B
$91.1M 0.63%
1,611,119
-22,951
-1% -$1.29M
AMZN icon
34
Amazon
AMZN
$2.94T
$87.4M 0.61%
5,421,000
+832,000
+18% +$13.8M
TSLA icon
35
Tesla
TSLA
$1.26T
$80.9M 0.56%
4,999,815
-615,000
-11% -$10.1M
KO icon
36
Coca-Cola
KO
$374B
$80.6M 0.56%
1,888,246
+69,400
+4% +$2.87M
INTC icon
37
Intel
INTC
$503B
$80.4M 0.56%
2,308,955
-477,400
-17% -$16.2M
BRK.B icon
38
Berkshire Hathaway Class B
BRK.B
$1.13T
$79.2M 0.55%
573,566
+9,600
+2% +$1.28M
AIG icon
39
American International
AIG
$42.4B
$77.2M 0.54%
1,429,502
-7,800
-0.5% -$426K
MO icon
40
Altria Group
MO
$113B
$72.9M 0.51%
1,585,974
+54,600
+4% +$2.34M
META icon
41
Meta Platforms (Facebook)
META
$1.5T
$72.7M 0.5%
919,400
+214,900
+31% +$15.8M
ORCL icon
42
Oracle
ORCL
$413B
$71.7M 0.5%
1,873,748
-73,600
-4% -$2.98M
APTV icon
43
Aptiv
APTV
$9.61B
$70.7M 0.49%
1,152,090
+119,600
+12% +$8.19M
CMCSA icon
44
Comcast
CMCSA
$89.3B
$69.3M 0.48%
2,577,498
-366,200
-12% -$10M
CSCO icon
45
Cisco
CSCO
$476B
$64.2M 0.45%
2,550,463
-8,600
-0.3% -$216K
RTX icon
46
RTX Corp
RTX
$301B
$61.8M 0.43%
930,326
+92,480
+11% +$6.34M
PEP icon
47
PepsiCo
PEP
$189B
$57.5M 0.4%
617,673
-2,349,015
-79% -$214M
CVS icon
48
CVS Health
CVS
$123B
$55.6M 0.39%
698,100
-4,300
-0.6% -$339K
HON icon
49
Honeywell
HON
$76.3B
$54.2M 0.38%
648,316
-42,290
-6% -$3.59M
LMT icon
50
Lockheed Martin
LMT
$135B
$52.3M 0.36%
286,227
-48,400
-14% -$8.24M
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 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.