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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
HAIN icon
576
Hain Celestial
HAIN
$53.7M
$2.8M 0.02%
48,000
+200
+0.4% +$10.8K
CVD
577
DELISTED
COVANCE INC.
CVD
$2.8M 0.02%
26,950
+100
+0.4% +$9.37K
POM
578
DELISTED
PEPCO HOLDINGS, INC.
POM
$2.79M 0.02%
103,722
+900
+0.9% +$24.4K
NFG icon
579
National Fuel Gas
NFG
$7.65B
$2.79M 0.02%
40,080
+200
+0.5% +$13.8K
KRC icon
580
Kilroy Realty
KRC
$4.42B
$2.76M 0.02%
40,000
+500
+1% +$33.3K
HUB.B
581
DELISTED
HUBBELL INC CL-B
HUB.B
$2.76M 0.02%
25,814
– –
CSL icon
582
Carlisle Companies
CSL
$15.4B
$2.75M 0.02%
30,520
+100
+0.3% +$8.64K
FTR
583
DELISTED
Frontier Communications Corp.
FTR
$2.75M 0.02%
27,518
+133
+0.5% +$13K
TDC icon
584
Teradata
TDC
$2.55B
$2.75M 0.02%
63,012
-500
-0.8% -$21.4K
KEYS icon
585
Keysight
KEYS
$58.3B
$2.69M 0.02%
+79,700
New +$2.6M
GAS
586
DELISTED
AGL Resources Inc
GAS
$2.68M 0.02%
49,241
+300
+0.6% +$15.8K
MAA icon
587
Mid-America Apartment Communities
MAA
$15.7B
$2.67M 0.02%
35,800
+100
+0.3% +$7.13K
ATO icon
588
Atmos Energy
ATO
$28.8B
$2.66M 0.02%
47,800
+200
+0.4% +$10.5K
LPT
589
DELISTED
Liberty Property Trust
LPT
$2.66M 0.02%
70,700
+400
+0.6% +$14.1K
RAX
590
DELISTED
Rackspace Hosting Inc
RAX
$2.65M 0.02%
56,700
+400
+0.7% +$16.5K
EWBC icon
591
East-West Bancorp
EWBC
$18B
$2.64M 0.02%
68,300
+300
+0.4% +$10.9K
CDNS icon
592
Cadence Design Systems
CDNS
$93.4B
$2.64M 0.02%
139,310
+1,700
+1% +$30.5K
TOL icon
593
Toll Brothers
TOL
$14.5B
$2.64M 0.02%
77,000
+200
+0.3% +$6.52K
BR icon
594
Broadridge
BR
$19B
$2.64M 0.02%
57,122
+400
+0.7% +$17.5K
GRMN
595
Garmin
GRMN
$60B
$2.62M 0.02%
49,646
-100
-0.2% -$5.43K
PL
596
DELISTED
PROTECTIVE LIFE CORP
PL
$2.61M 0.02%
37,500
+100
+0.3% +$6.96K
ADT
597
DELISTED
ADT Corp
ADT
$2.6M 0.02%
71,892
-49,400
-41% -$1.7M
FDS icon
598
Factset
FDS
$10.2B
$2.6M 0.02%
18,500
-100
-0.5% -$13.3K
GPN icon
599
Global Payments
GPN
$22.8B
$2.6M 0.02%
64,400
-400
-0.6% -$16K
WCN
600
Waste Connections
WCN
$42B
$2.6M 0.02%
88,575
+300
+0.3% +$9.44K
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 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.