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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
MWV
551
DELISTED
MEADWESTVACO CORP
MWV
$2.67M 0.02%
72,306
+100
+0.1% +$3.61K
VYX icon
552
NCR Voyix
VYX
$1.14B
$2.65M 0.02%
127,042
+978
+0.8% +$21.7K
SLXP
553
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$2.64M 0.02%
29,400
+700
+2% +$55.8K
KEX icon
554
Kirby Corp
KEX
$6.93B
$2.64M 0.02%
26,600
+100
+0.4% +$9.18K
OIS icon
555
Oil States International
OIS
$491M
$2.62M 0.02%
45,150
+175
+0.4% +$10.5K
SM icon
556
SM Energy
SM
$6.87B
$2.61M 0.02%
31,400
+200
+0.6% +$17.1K
WDR
557
DELISTED
Waddell & Reed Financial, Inc.
WDR
$2.6M 0.02%
40,000
+100
+0.3% +$6.12K
XYL icon
558
Xylem
XYL
$28.1B
$2.6M 0.02%
75,044
-300
-0.4% -$9.65K
SNA icon
559
Snap-on
SNA
$21.5B
$2.59M 0.02%
23,651
– –
IDXX icon
560
Idexx Laboratories
IDXX
$46.2B
$2.58M 0.02%
48,600
-400
-0.8% -$21.1K
RPM icon
561
RPM International
RPM
$15B
$2.58M 0.02%
62,218
+300
+0.5% +$11.7K
HAS icon
562
Hasbro
HAS
$13.2B
$2.58M 0.02%
46,899
-100
-0.2% -$5.11K
DHI icon
563
D.R. Horton
DHI
$42.3B
$2.58M 0.02%
115,564
– –
FDO
564
DELISTED
FAMILY DOLLAR STORES
FDO
$2.56M 0.02%
39,347
+100
+0.3% +$6.84K
RGA icon
565
Reinsurance Group of America
RGA
$16.1B
$2.56M 0.02%
33,000
-100
-0.3% -$7.28K
ESS icon
566
Essex Property Trust
ESS
$18.5B
$2.55M 0.02%
17,800
+100
+0.6% +$15.4K
JOY
567
DELISTED
Joy Global Inc
JOY
$2.52M 0.02%
43,174
-100
-0.2% -$5.51K
WCN
568
Waste Connections
WCN
$42B
$2.52M 0.02%
86,775
+450
+0.5% +$13.1K
AGCO icon
569
AGCO
AGCO
$7.2B
$2.51M 0.02%
42,400
+200
+0.5% +$11.9K
SWKS icon
570
Skyworks Solutions
SWKS
$10.6B
$2.51M 0.02%
87,900
+400
+0.5% +$10.5K
MD icon
571
Pediatrix Medical
MD
$2.2B
$2.51M 0.02%
47,000
-200
-0.4% -$10.7K
RYN icon
572
Rayonier
RYN
$6.55B
$2.49M 0.02%
87,238
+443
+0.5% +$14.3K
GPOR
573
DELISTED
Gulfport Energy Corp.
GPOR
$2.49M 0.02%
+39,400
New +$2.39M
HRL icon
574
Hormel Foods
HRL
$13.8B
$2.47M 0.02%
109,364
-200
-0.2% -$4.38K
INGR icon
575
Ingredion
INGR
$6.58B
$2.46M 0.02%
35,900
-200
-0.6% -$13.5K
21 22
23
24 25

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.