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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
CMA
501
DELISTED
Comerica
CMA
$3.46M 0.02%
73,976
-200
-0.3% -$9.39K
DHI icon
502
D.R. Horton
DHI
$42.3B
$3.46M 0.02%
136,664
+700
+0.5% +$16.4K
RJF icon
503
Raymond James Financial
RJF
$34B
$3.43M 0.02%
89,888
+450
+0.5% +$16.5K
TRIP icon
504
TripAdvisor
TRIP
$1.26B
$3.43M 0.02%
45,938
+300
+0.7% +$23.4K
OCR
505
DELISTED
OMNICARE INC
OCR
$3.4M 0.02%
46,630
+200
+0.4% +$13.6K
FBIN icon
506
Fortune Brands Innovations
FBIN
$6.06B
$3.4M 0.02%
87,867
-117
-0.1% -$4.29K
IFF icon
507
International Flavors & Fragrances
IFF
$21.9B
$3.38M 0.02%
33,346
+100
+0.3% +$9.88K
FLG
508
Flagstar Bank National Association
FLG
$5.82B
$3.37M 0.02%
70,223
+233
+0.3% +$11K
IDXX icon
509
Idexx Laboratories
IDXX
$46.2B
$3.37M 0.02%
45,400
-2,400
-5% -$168K
OGE icon
510
OGE Energy
OGE
$9.71B
$3.36M 0.02%
94,820
+300
+0.3% +$10.8K
FLS icon
511
Flowserve
FLS
$10.2B
$3.36M 0.02%
56,175
+100
+0.2% +$6.36K
SWY
512
DELISTED
SAFEWAY INC
SWY
$3.33M 0.02%
94,919
+500
+0.5% +$17.3K
PETM
513
DELISTED
PETSMART INC
PETM
$3.33M 0.02%
40,960
+200
+0.5% +$14.8K
LEN icon
514
Lennar Class A
LEN
$21.2B
$3.3M 0.02%
77,269
+631
+0.8% +$26.1K
DRE
515
DELISTED
Duke Realty Corp.
DRE
$3.29M 0.02%
162,600
+700
+0.4% +$13.3K
SNA icon
516
Snap-on
SNA
$21.5B
$3.27M 0.02%
23,951
+100
+0.4% +$13.1K
TRMB icon
517
Trimble
TRMB
$13.9B
$3.27M 0.02%
123,300
– –
RHI icon
518
Robert Half
RHI
$4.37B
$3.27M 0.02%
55,960
-400
-0.7% -$21.7K
CPB icon
519
Campbell Soup
CPB
$6.87B
$3.25M 0.02%
73,747
+400
+0.5% +$17.5K
NVO
520
Novo Nordisk
NVO
$209B
$3.24M 0.02%
153,000
– –
GT icon
521
Goodyear
GT
$1.85B
$3.23M 0.02%
113,140
+300
+0.3% +$7.43K
NWSA icon
522
News Corp Class A
NWSA
$15.4B
$3.23M 0.02%
205,519
+1,400
+0.7% +$21.5K
SNPS icon
523
Synopsys
SNPS
$79.7B
$3.23M 0.02%
74,200
+300
+0.4% +$12.5K
RPM icon
524
RPM International
RPM
$15B
$3.22M 0.02%
63,518
+200
+0.3% +$9.31K
CNX icon
525
CNX Resources
CNX
$5.2B
$3.21M 0.02%
113,810
+600
+0.5% +$18.2K
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 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.