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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GL icon
551
Globe Life
GL
$14.3B
$2.8M 0.02%
53,546
-400
-0.7% -$21.6K
CTAS icon
552
Cintas
CTAS
$81.3B
$2.8M 0.02%
158,572
-6,800
-4% -$111K
NFG icon
553
National Fuel Gas
NFG
$7.65B
$2.79M 0.02%
39,880
+300
+0.8% +$22K
DHI icon
554
D.R. Horton
DHI
$42.3B
$2.79M 0.02%
135,964
+18,700
+16% +$412K
HOLX
555
DELISTED
Hologic
HOLX
$2.79M 0.02%
114,680
-15,600
-12% -$394K
DRI icon
556
Darden Restaurants
DRI
$24.4B
$2.79M 0.02%
60,639
+112
+0.2% +$4.73K
UGI icon
557
UGI
UGI
$7.33B
$2.79M 0.02%
81,800
+500
+0.6% +$17K
ALK icon
558
Alaska Air
ALK
$5.58B
$2.79M 0.02%
64,040
-800
-1% -$37.1K
CPT icon
559
Camden Property Trust
CPT
$11.3B
$2.78M 0.02%
40,600
+300
+0.7% +$21.7K
DRE
560
DELISTED
Duke Realty Corp.
DRE
$2.78M 0.02%
161,900
+6,600
+4% +$119K
WSM icon
561
Williams-Sonoma
WSM
$29.6B
$2.76M 0.02%
83,000
+400
+0.5% +$13.9K
RHI icon
562
Robert Half
RHI
$4.37B
$2.76M 0.02%
56,360
– –
POM
563
DELISTED
PEPCO HOLDINGS, INC.
POM
$2.75M 0.02%
102,822
-650,000
-86% -$17.7M
IEX icon
564
IDEX
IEX
$17.3B
$2.75M 0.02%
38,000
– –
TGNA
565
DELISTED
TEGNA Inc
TGNA
$2.74M 0.02%
176,795
-765
-0.4% -$13.1K
HKTV
566
DELISTED
HONG KONG TELEVISION NETWORK LTD
HKTV
$2.74M 0.02%
469,000
– –
HAR
567
DELISTED
Harman International Industries
HAR
$2.74M 0.02%
27,914
– –
TWTC
568
DELISTED
TW TELECOM INC CL A COM
TWTC
$2.73M 0.02%
65,500
+500
+0.8% +$20.3K
AVT icon
569
Avnet
AVT
$7.92B
$2.72M 0.02%
65,640
+400
+0.6% +$17.4K
SIVB
570
DELISTED
SVB Financial Group
SIVB
$2.7M 0.02%
24,100
+600
+3% +$66.6K
X
571
DELISTED
US Steel
X
$2.7M 0.02%
68,900
+9,875
+17% +$346K
EXR icon
572
Extra Space Storage
EXR
$31.6B
$2.7M 0.02%
52,300
+400
+0.8% +$21.1K
JLL icon
573
Jones Lang LaSalle
JLL
$16.7B
$2.69M 0.02%
21,300
+300
+1% +$39K
INGR icon
574
Ingredion
INGR
$6.58B
$2.68M 0.02%
35,400
+200
+0.6% +$15.5K
SCTY
575
DELISTED
SolarCity Corporation
SCTY
$2.68M 0.02%
45,000
-127,000
-74% -$8.74M
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 Q3 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.