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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
FRT icon
501
Federal Realty Investment Trust
FRT
$10.3B
$3.08M 0.02%
30,400
-200
-0.7% -$20.8K
IT icon
502
Gartner
IT
$11.7B
$3.07M 0.02%
43,200
-200
-0.5% -$12.6K
PETM
503
DELISTED
PETSMART INC
PETM
$3.07M 0.02%
42,160
-100
-0.2% -$7.32K
BALL icon
504
Ball Corp
BALL
$16.8B
$3.04M 0.02%
117,600
-400
-0.3% -$9.76K
AVP
505
DELISTED
Avon Products, Inc.
AVP
$3.04M 0.02%
176,355
– –
LHX icon
506
L3Harris
LHX
$53.4B
$3.03M 0.02%
43,424
-100
-0.2% -$6.34K
ARG
507
DELISTED
Airgas Inc
ARG
$3.02M 0.02%
27,021
+100
+0.4% +$10.9K
TDC icon
508
Teradata
TDC
$2.55B
$3.02M 0.02%
66,412
+100
+0.2% +$4.53K
RJF icon
509
Raymond James Financial
RJF
$34B
$3.01M 0.02%
86,588
+600
+0.7% +$18.6K
IPG
510
DELISTED
Interpublic Group of Companies
IPG
$2.99M 0.02%
169,173
-2,500
-1% -$42.1K
CBRE icon
511
CBRE Group
CBRE
$42.9B
$2.98M 0.02%
113,160
+400
+0.4% +$9.52K
SIG icon
512
Signet Jewelers
SIG
$3.76B
$2.96M 0.02%
37,600
+100
+0.3% +$7.56K
ANF icon
513
Abercrombie & Fitch
ANF
$5B
$2.94M 0.02%
89,300
+58,273
+188% +$2.01M
SNPS icon
514
Synopsys
SNPS
$79.7B
$2.93M 0.02%
72,300
+400
+0.6% +$15K
EW icon
515
Edwards Lifesciences
EW
$51.7B
$2.93M 0.02%
267,024
-7,200
-3% -$81.2K
EXPE icon
516
Expedia Group
EXPE
$37.3B
$2.92M 0.02%
41,864
-1,800
-4% -$106K
OCR
517
DELISTED
OMNICARE INC
OCR
$2.91M 0.02%
48,230
– –
PKG icon
518
Packaging Corp of America
PKG
$22.8B
$2.9M 0.02%
45,900
+100
+0.2% +$6.07K
AJG icon
519
Arthur J. Gallagher & Co
AJG
$63.6B
$2.89M 0.02%
61,600
+2,100
+4% +$97.5K
DRI icon
520
Darden Restaurants
DRI
$24.4B
$2.89M 0.02%
59,408
+112
+0.2% +$5.18K
EA
521
DELISTED
Electronic Arts
EA
$2.88M 0.02%
125,682
+1,000
+0.8% +$24K
FL
522
DELISTED
Foot Locker
FL
$2.88M 0.02%
69,500
+300
+0.4% +$11K
GL icon
523
Globe Life
GL
$14.3B
$2.87M 0.02%
55,146
-750
-1% -$37.4K
FFIV icon
524
F5
FFIV
$22.7B
$2.87M 0.02%
31,584
-300
-0.9% -$25.6K
HOLX
525
DELISTED
Hologic
HOLX
$2.86M 0.02%
127,880
+1,900
+2% +$41.9K
19 20
21
22 23

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.