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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
DNR
576
DELISTED
Denbury Resources, Inc.
DNR
$2.45M 0.02%
149,092
-2,600
-2% -$45.9K
UTHR icon
577
United Therapeutics
UTHR
$23.1B
$2.44M 0.02%
21,600
+200
+0.9% +$18K
LSI
578
DELISTED
LSI CORPORATION
LSI
$2.44M 0.02%
221,516
-1,000
-0.4% -$8.52K
CTAS icon
579
Cintas
CTAS
$81.3B
$2.44M 0.02%
163,772
-3,600
-2% -$48.9K
WSM icon
580
Williams-Sonoma
WSM
$29.6B
$2.43M 0.02%
83,400
+400
+0.5% +$11.2K
EV
581
DELISTED
Eaton Vance Corp.
EV
$2.43M 0.02%
56,800
+300
+0.5% +$12.4K
MSCI icon
582
MSCI
MSCI
$40.9B
$2.42M 0.02%
55,400
-1,000
-2% -$42.1K
ALB icon
583
Albemarle
ALB
$15.5B
$2.42M 0.02%
38,120
+200
+0.5% +$13.3K
EGN
584
DELISTED
Energen
EGN
$2.41M 0.02%
34,000
+300
+0.9% +$22.6K
OI icon
585
O-I Glass
OI
$1.08B
$2.4M 0.02%
67,118
+300
+0.4% +$9.67K
FOSL icon
586
Fossil Group
FOSL
$318M
$2.4M 0.02%
19,980
-500
-2% -$61.7K
GT icon
587
Goodyear
GT
$1.85B
$2.39M 0.02%
100,340
+300
+0.3% +$6.64K
CBST
588
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
$2.39M 0.02%
34,700
+4,300
+14% +$278K
ALK icon
589
Alaska Air
ALK
$5.58B
$2.39M 0.02%
65,040
– –
SBNY
590
DELISTED
Signature Bank
SBNY
$2.37M 0.02%
22,100
+100
+0.5% +$10.2K
JKHY icon
591
Jack Henry & Associates
JKHY
$11.1B
$2.37M 0.02%
40,050
+300
+0.8% +$16.7K
CSL icon
592
Carlisle Companies
CSL
$15.4B
$2.37M 0.02%
29,820
+100
+0.3% +$7.34K
PNW icon
593
Pinnacle West Capital
PNW
$12.2B
$2.37M 0.02%
44,723
– –
RHI icon
594
Robert Half
RHI
$4.37B
$2.37M 0.02%
56,360
-100
-0.2% -$3.94K
GME icon
595
GameStop
GME
$8.6B
$2.34M 0.02%
190,008
– –
SEIC icon
596
SEI Investments
SEIC
$12.6B
$2.33M 0.02%
67,100
-400
-0.6% -$13.3K
LPT
597
DELISTED
Liberty Property Trust
LPT
$2.32M 0.02%
68,600
+2,000
+3% +$70K
GRMN
598
Garmin
GRMN
$60B
$2.31M 0.02%
50,046
– –
CVD
599
DELISTED
COVANCE INC.
CVD
$2.31M 0.02%
26,250
+200
+0.8% +$17.3K
DRE
600
DELISTED
Duke Realty Corp.
DRE
$2.29M 0.02%
152,500
+1,100
+0.7% +$17.2K
22 23
24
25 26

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.