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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
HP icon
551
Helmerich & Payne
HP
$3.71B
$3.01M 0.02%
44,580
+200
+0.5% +$15.6K
DRC
552
DELISTED
DRESSER-RAND GROUP INC
DRC
$2.99M 0.02%
36,500
+100
+0.3% +$8.14K
CYH icon
553
Community Health Systems
CYH
$423M
$2.98M 0.02%
66,906
+726
+1% +$31.1K
IRM icon
554
Iron Mountain
IRM
$36.1B
$2.97M 0.02%
76,830
+6,364
+9% +$231K
TGNA
555
DELISTED
TEGNA Inc
TGNA
$2.97M 0.02%
177,751
+956
+0.5% +$15.4K
PAA icon
556
Plains All American Pipeline
PAA
$16.1B
$2.96M 0.02%
57,600
– –
PHM icon
557
Pultegroup
PHM
$25.3B
$2.95M 0.02%
137,481
-1,200
-0.9% -$23.9K
IEX icon
558
IDEX
IEX
$17.3B
$2.94M 0.02%
37,800
-200
-0.5% -$14.9K
OII icon
559
Oceaneering
OII
$4.77B
$2.94M 0.02%
50,000
-1,200
-2% -$77.1K
JEF icon
560
Jefferies Financial Group
JEF
$13.1B
$2.93M 0.02%
145,823
+670
+0.5% +$13.8K
UTHR icon
561
United Therapeutics
UTHR
$23.1B
$2.93M 0.02%
22,600
+200
+0.9% +$25.8K
BEAV
562
DELISTED
B/E Aerospace Inc
BEAV
$2.91M 0.02%
50,100
-18,950
-27% -$1.06M
INGR icon
563
Ingredion
INGR
$6.58B
$2.9M 0.02%
34,200
-1,200
-3% -$95.4K
WWAV
564
DELISTED
The WhiteWave Foods Company
WWAV
$2.9M 0.02%
82,934
+300
+0.4% +$10.6K
CNC icon
565
Centene
CNC
$32.5B
$2.9M 0.02%
111,600
+400
+0.4% +$9.34K
AYI icon
566
Acuity Brands
AYI
$10.8B
$2.88M 0.02%
20,600
+100
+0.5% +$13.6K
HRL icon
567
Hormel Foods
HRL
$13.8B
$2.88M 0.02%
110,764
+600
+0.5% +$15.8K
ETFC
568
DELISTED
E*Trade Financial Corporation
ETFC
$2.88M 0.02%
118,950
+600
+0.5% +$13.4K
GL icon
569
Globe Life
GL
$14.3B
$2.87M 0.02%
52,946
-600
-1% -$31.8K
RGA icon
570
Reinsurance Group of America
RGA
$16.1B
$2.87M 0.02%
32,700
+200
+0.6% +$16.7K
XYL icon
571
Xylem
XYL
$28.1B
$2.85M 0.02%
74,944
+100
+0.1% +$3.66K
REG icon
572
Regency Centers
REG
$14.1B
$2.83M 0.02%
44,400
+600
+1% +$36.2K
MLM icon
573
Martin Marietta Materials
MLM
$33B
$2.81M 0.02%
25,500
+300
+1% +$35.5K
SIVB
574
DELISTED
SVB Financial Group
SIVB
$2.81M 0.02%
24,200
+100
+0.4% +$10.9K
AVT icon
575
Avnet
AVT
$7.92B
$2.81M 0.02%
65,240
-400
-0.6% -$16.9K
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 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.