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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
CBST
476
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
$3.65M 0.02%
36,300
+400
+1% +$31.1K
PKG icon
477
Packaging Corp of America
PKG
$22.8B
$3.65M 0.02%
46,800
+100
+0.2% +$7.17K
XL
478
DELISTED
XL Group Ltd.
XL
$3.65M 0.02%
106,262
-2,600
-2% -$88.7K
NAVI icon
479
Navient
NAVI
$853M
$3.65M 0.02%
168,925
-3,000
-2% -$60K
CSC
480
DELISTED
Computer Sciences
CSC
$3.65M 0.02%
137,333
-3,796
-3% -$97.7K
ASH icon
481
Ashland
ASH
$3.5B
$3.63M 0.02%
62,042
-7,562
-11% -$408K
NE
482
DELISTED
Noble Corporation
NE
$3.63M 0.02%
218,966
-105,260
-32% -$2.01M
UNM icon
483
Unum
UNM
$14.3B
$3.62M 0.02%
103,809
-600
-0.6% -$20.3K
AJG icon
484
Arthur J. Gallagher & Co
AJG
$63.6B
$3.62M 0.02%
76,800
+1,400
+2% +$65.7K
ANSS
485
DELISTED
Ansys
ANSS
$3.58M 0.02%
43,700
– –
IPG
486
DELISTED
Interpublic Group of Companies
IPG
$3.58M 0.02%
172,273
-500
-0.3% -$9.62K
Y
487
DELISTED
Alleghany Corp
Y
$3.57M 0.02%
7,700
-100
-1% -$44.5K
VMC icon
488
Vulcan Materials
VMC
$36.9B
$3.57M 0.02%
54,258
+600
+1% +$37.9K
VAR
489
DELISTED
Varian Medical Systems, Inc.
VAR
$3.56M 0.02%
46,927
-1,368
-3% -$102K
EXPD icon
490
Expeditors International
EXPD
$23.2B
$3.55M 0.02%
79,495
-500
-0.6% -$21.5K
SCG
491
DELISTED
Scana
SCG
$3.54M 0.02%
58,684
+400
+0.7% +$22.1K
JNPR
492
DELISTED
Juniper Networks
JNPR
$3.54M 0.02%
158,600
-6,000
-4% -$127K
DISCK
493
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$3.54M 0.02%
104,937
+800
+0.8% +$27.3K
HBAN icon
494
Huntington Bancshares
HBAN
$35.5B
$3.53M 0.02%
335,486
+500
+0.1% +$4.99K
IT icon
495
Gartner
IT
$11.7B
$3.53M 0.02%
41,900
-300
-0.7% -$24.4K
LNT icon
496
Alliant Energy
LNT
$18B
$3.5M 0.02%
105,520
+200
+0.2% +$6.19K
DINO icon
497
HF Sinclair
DINO
$14.5B
$3.49M 0.02%
93,190
-1,000
-1% -$41.7K
SLXP
498
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$3.48M 0.02%
30,300
+100
+0.3% +$12.1K
EXPE icon
499
Expedia Group
EXPE
$37.3B
$3.47M 0.02%
40,664
– –
MUR icon
500
Murphy Oil
MUR
$4.78B
$3.47M 0.02%
68,701
+300
+0.4% +$15.4K
18 19
20
21 22

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.