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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
PHM icon
526
Pultegroup
PHM
$25.3B
$2.85M 0.02%
140,181
-2,000
-1% -$35.5K
IFF icon
527
International Flavors & Fragrances
IFF
$21.9B
$2.85M 0.02%
33,146
-100
-0.3% -$8.48K
AVT icon
528
Avnet
AVT
$7.92B
$2.84M 0.02%
64,440
+500
+0.8% +$20.6K
COO icon
529
Cooper Companies
COO
$14.5B
$2.84M 0.02%
91,600
+400
+0.4% +$12.8K
NVO
530
Novo Nordisk
NVO
$209B
$2.83M 0.02%
153,000
– –
XRAY icon
531
Dentsply Sirona
XRAY
$2.43B
$2.81M 0.02%
57,989
+100
+0.2% +$4.68K
IEX icon
532
IDEX
IEX
$17.3B
$2.81M 0.02%
38,000
-100
-0.3% -$6.95K
NFG icon
533
National Fuel Gas
NFG
$7.65B
$2.8M 0.02%
39,180
+200
+0.5% +$13.9K
HSP
534
DELISTED
HOSPIRA INC
HSP
$2.78M 0.02%
67,435
+100
+0.1% +$4.03K
DKS icon
535
Dick's Sporting Goods
DKS
$18.7B
$2.77M 0.02%
47,700
+300
+0.6% +$16.4K
PWR icon
536
Quanta Services
PWR
$101B
$2.77M 0.02%
87,722
+800
+0.9% +$23.5K
TOL icon
537
Toll Brothers
TOL
$14.5B
$2.75M 0.02%
74,400
+3,600
+5% +$119K
HUB.B
538
DELISTED
HUBBELL INC CL-B
HUB.B
$2.75M 0.02%
25,214
+100
+0.4% +$10.7K
RS icon
539
Reliance Steel & Aluminium
RS
$21.6B
$2.75M 0.02%
36,200
+300
+0.8% +$22.2K
TGNA
540
DELISTED
TEGNA Inc
TGNA
$2.74M 0.02%
177,178
-955
-0.5% -$13.5K
UDR icon
541
UDR
UDR
$12.3B
$2.74M 0.02%
117,345
+500
+0.4% +$12K
DCI icon
542
Donaldson
DCI
$11.4B
$2.74M 0.02%
63,020
– –
LECO icon
543
Lincoln Electric
LECO
$15.4B
$2.73M 0.02%
38,200
-100
-0.3% -$7.02K
SEE
544
DELISTED
Sealed Air
SEE
$2.72M 0.02%
79,784
+100
+0.1% +$3.05K
KYN icon
545
Kayne Anderson Energy Infrastructure Fund
KYN
$2.4B
$2.71M 0.02%
+68,141
New +$2.5M
MDU icon
546
MDU Resources
MDU
$4.32B
$2.7M 0.02%
232,382
+1,052
+0.5% +$11.9K
LEN icon
547
Lennar Class A
LEN
$21.2B
$2.69M 0.02%
71,386
+421
+0.6% +$14.2K
VAL
548
DELISTED
Valspar
VAL
$2.69M 0.02%
37,700
+100
+0.3% +$6.93K
SCG
549
DELISTED
Scana
SCG
$2.68M 0.02%
57,184
+200
+0.4% +$9.35K
LNT icon
550
Alliant Energy
LNT
$18B
$2.68M 0.02%
103,920
+600
+0.6% +$15.5K
20 21
22
23 24

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.