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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
GE icon
26
GE Aerospace
GE
$389B
$126M 0.83%
1,037,097
+4,800
+0.5% +$590K
C icon
27
Citigroup
C
$224B
$120M 0.79%
2,217,500
+5,000
+0.2% +$265K
PG icon
28
Procter & Gamble
PG
$342B
$120M 0.79%
1,314,812
+204,800
+18% +$18M
T icon
29
AT&T
T
$162B
$112M 0.74%
4,417,827
-518,743
-11% -$13.5M
PFE icon
30
Pfizer
PFE
$149B
$109M 0.72%
3,677,453
-279,421
-7% -$8.01M
JPM icon
31
JPMorgan Chase
JPM
$947B
$108M 0.71%
1,724,625
-2,100
-0.1% -$126K
KMI icon
32
Kinder Morgan
KMI
$69.7B
$96.9M 0.64%
2,290,353
+1,440,679
+170% +$56.7M
CMCSA icon
33
Comcast
CMCSA
$89.3B
$95.1M 0.63%
3,280,298
+702,800
+27% +$19.3M
INTC icon
34
Intel
INTC
$503B
$94.7M 0.63%
2,608,155
+299,200
+13% +$10.4M
IBM icon
35
IBM
IBM
$220B
$94.2M 0.62%
613,934
-721,845
-54% -$115M
ORCL icon
36
Oracle
ORCL
$413B
$93.1M 0.62%
2,069,548
+195,800
+10% +$7.97M
AZO icon
37
AutoZone
AZO
$50.1B
$91.4M 0.6%
147,602
-185,300
-56% -$104M
VIAB
38
DELISTED
Viacom Inc. Class B
VIAB
$90.6M 0.6%
1,204,204
+876,400
+267% +$64.1M
CVX icon
39
Chevron
CVX
$371B
$87.4M 0.58%
778,704
+200
+0% +$22.7K
TSCO icon
40
Tractor Supply
TSCO
$17.9B
$86.8M 0.57%
5,505,000
+2,073,000
+60% +$29.7M
BRK.B icon
41
Berkshire Hathaway Class B
BRK.B
$1.13T
$86.7M 0.57%
577,666
+4,100
+0.7% +$592K
MRK icon
42
Merck
MRK
$317B
$83.2M 0.55%
1,534,758
-76,361
-5% -$4.25M
AIG icon
43
American International
AIG
$42.4B
$79.6M 0.53%
1,421,202
-8,300
-0.6% -$445K
APOL
44
DELISTED
Apollo Education Group Inc Class A
APOL
$74.9M 0.5%
2,196,059
+451,700
+26% +$13.3M
KO icon
45
Coca-Cola
KO
$374B
$72M 0.48%
1,705,656
-182,590
-10% -$7.8M
MO icon
46
Altria Group
MO
$113B
$71.5M 0.47%
1,450,574
-135,400
-9% -$6.6M
META icon
47
Meta Platforms (Facebook)
META
$1.5T
$67.2M 0.44%
861,300
-58,100
-6% -$4.44M
RTX icon
48
RTX Corp
RTX
$301B
$66.6M 0.44%
920,315
-10,011
-1% -$683K
HON icon
49
Honeywell
HON
$76.3B
$64.9M 0.43%
723,214
+74,898
+12% +$6.44M
CSCO icon
50
Cisco
CSCO
$476B
$62.5M 0.41%
2,245,743
-304,720
-12% -$7.87M
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 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.