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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
SBNY
576
DELISTED
Signature Bank
SBNY
$2.68M 0.02%
23,900
+300
+1% +$35.3K
ETFC
577
DELISTED
E*Trade Financial Corporation
ETFC
$2.67M 0.02%
118,350
+200
+0.2% +$4.39K
FTR
578
DELISTED
Frontier Communications Corp.
FTR
$2.67M 0.02%
27,385
+7
+0% +$667
J icon
579
Jacobs Solutions
J
$17B
$2.67M 0.02%
65,999
+484
+0.7% +$21.1K
VYX icon
580
NCR Voyix
VYX
$1.14B
$2.66M 0.02%
129,976
+978
+0.8% +$19.8K
WIN
581
DELISTED
Windstream Holdings Inc
WIN
$2.66M 0.02%
31,537
+13
+0% +$1.11K
TDC icon
582
Teradata
TDC
$2.55B
$2.66M 0.02%
63,512
-1,100
-2% -$47.3K
XYL icon
583
Xylem
XYL
$28.1B
$2.66M 0.02%
74,844
-500
-0.7% -$18.6K
MAN icon
584
ManpowerGroup
MAN
$2.63B
$2.65M 0.02%
37,830
+300
+0.8% +$23.5K
XRAY icon
585
Dentsply Sirona
XRAY
$2.43B
$2.65M 0.02%
58,089
– –
MD icon
586
Pediatrix Medical
MD
$2.2B
$2.61M 0.02%
47,600
+800
+2% +$45.4K
LECO icon
587
Lincoln Electric
LECO
$15.4B
$2.61M 0.02%
37,700
-200
-0.5% -$13.9K
RGA icon
588
Reinsurance Group of America
RGA
$16.1B
$2.6M 0.02%
32,500
-100
-0.3% -$8.14K
MSCI icon
589
MSCI
MSCI
$40.9B
$2.6M 0.02%
55,300
+300
+0.5% +$13.9K
PL
590
DELISTED
PROTECTIVE LIFE CORP
PL
$2.6M 0.02%
37,400
+200
+0.5% +$13.9K
WBD icon
591
Warner Bros
WBD
$67.1B
$2.59M 0.02%
68,537
-78,506
-53% -$3.27M
GRMN
592
Garmin
GRMN
$60B
$2.59M 0.02%
49,746
-500
-1% -$27.7K
HAS icon
593
Hasbro
HAS
$13.2B
$2.58M 0.02%
46,999
-300
-0.6% -$15.8K
STLD icon
594
Steel Dynamics
STLD
$37.6B
$2.58M 0.02%
113,900
+8,600
+8% +$188K
DCI icon
595
Donaldson
DCI
$11.4B
$2.56M 0.02%
63,120
+1,100
+2% +$44.8K
MDU icon
596
MDU Resources
MDU
$4.32B
$2.56M 0.02%
242,112
+4,733
+2% +$56.3K
GT icon
597
Goodyear
GT
$1.85B
$2.55M 0.02%
112,840
-300
-0.3% -$7.7K
VRSN icon
598
VeriSign
VRSN
$26.6B
$2.54M 0.02%
46,153
-4,500
-9% -$243K
RS icon
599
Reliance Steel & Aluminium
RS
$21.6B
$2.53M 0.02%
37,000
+400
+1% +$28.4K
GAS
600
DELISTED
AGL Resources Inc
GAS
$2.51M 0.02%
48,941
+100
+0.2% +$5.27K
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 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.