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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
DRI icon
526
Darden Restaurants
DRI
$24.4B
$3.2M 0.02%
61,086
+447
+0.7% +$21.7K
JLL icon
527
Jones Lang LaSalle
JLL
$16.7B
$3.19M 0.02%
21,300
– –
ARG
528
DELISTED
Airgas Inc
ARG
$3.19M 0.02%
27,721
+200
+0.7% +$22.5K
MD icon
529
Pediatrix Medical
MD
$2.2B
$3.16M 0.02%
47,800
+200
+0.4% +$12.2K
SNI
530
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$3.15M 0.02%
41,843
-700
-2% -$53.5K
CTAS icon
531
Cintas
CTAS
$81.3B
$3.14M 0.02%
160,172
+1,600
+1% +$28.9K
CINF icon
532
Cincinnati Financial
CINF
$27.1B
$3.14M 0.02%
60,585
+200
+0.3% +$10K
VAL
533
DELISTED
Valspar
VAL
$3.14M 0.02%
36,300
+100
+0.3% +$8.21K
FDO
534
DELISTED
FAMILY DOLLAR STORES
FDO
$3.13M 0.02%
39,547
+300
+0.8% +$23.5K
FMC icon
535
FMC
FMC
$1.33B
$3.13M 0.02%
63,279
+346
+0.5% +$16.9K
UGI icon
536
UGI
UGI
$7.33B
$3.12M 0.02%
82,100
+300
+0.4% +$11.1K
CDK
537
DELISTED
CDK Global, Inc.
CDK
$3.11M 0.02%
+76,400
New +$2.71M
PNW icon
538
Pinnacle West Capital
PNW
$12.2B
$3.11M 0.02%
45,523
+300
+0.7% +$18.6K
XRAY icon
539
Dentsply Sirona
XRAY
$2.43B
$3.1M 0.02%
58,289
+200
+0.3% +$10.2K
PCL
540
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$3.1M 0.02%
72,481
-100
-0.1% -$4.11K
LHX icon
541
L3Harris
LHX
$53.4B
$3.1M 0.02%
43,124
+200
+0.5% +$13.8K
WSM icon
542
Williams-Sonoma
WSM
$29.6B
$3.09M 0.02%
81,600
-1,400
-2% -$48.5K
HOLX
543
DELISTED
Hologic
HOLX
$3.08M 0.02%
115,380
+700
+0.6% +$18.1K
EXR icon
544
Extra Space Storage
EXR
$31.6B
$3.08M 0.02%
52,600
+300
+0.6% +$17.2K
MWV
545
DELISTED
MEADWESTVACO CORP
MWV
$3.05M 0.02%
68,706
-400
-0.6% -$17.3K
ARE icon
546
Alexandria Real Estate Equities
ARE
$8.56B
$3.04M 0.02%
34,300
+300
+0.9% +$25.1K
CPT icon
547
Camden Property Trust
CPT
$11.3B
$3.04M 0.02%
41,100
+500
+1% +$37K
MVIS icon
548
Microvision
MVIS
$79M
$3.02M 0.02%
115,667
– –
HAR
549
DELISTED
Harman International Industries
HAR
$3.01M 0.02%
28,214
+300
+1% +$30.9K
SBNY
550
DELISTED
Signature Bank
SBNY
$3.01M 0.02%
23,900
– –
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 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.