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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
ETFC
601
DELISTED
E*Trade Financial Corporation
ETFC
$2.29M 0.02%
116,750
– –
GWR
602
DELISTED
Genesee & Wyoming Inc.
GWR
$2.29M 0.02%
23,800
+3,900
+20% +$376K
GAS
603
DELISTED
AGL Resources Inc
GAS
$2.28M 0.02%
48,341
+100
+0.2% +$4.66K
SLH
604
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
$2.28M 0.02%
32,200
+100
+0.3% +$6.26K
CPT icon
605
Camden Property Trust
CPT
$11.3B
$2.27M 0.02%
39,900
+200
+0.5% +$12.2K
CNQR
606
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
$2.27M 0.02%
22,000
+100
+0.5% +$10.1K
TSS
607
DELISTED
Total System Services, Inc.
TSS
$2.26M 0.02%
67,933
+100
+0.1% +$3.07K
EWBC icon
608
East-West Bancorp
EWBC
$18B
$2.26M 0.02%
64,500
+300
+0.5% +$10.2K
ZION icon
609
Zions Bancorporation
ZION
$10.3B
$2.25M 0.02%
75,038
– –
HAR
610
DELISTED
Harman International Industries
HAR
$2.24M 0.02%
27,414
-300
-1% -$23.2K
SIVB
611
DELISTED
SVB Financial Group
SIVB
$2.24M 0.02%
21,400
+200
+0.9% +$19.6K
GGG icon
612
Graco
GGG
$13.5B
$2.24M 0.02%
86,100
+300
+0.3% +$7.67K
TUP
613
DELISTED
Tupperware Brands Corporation
TUP
$2.24M 0.02%
23,687
-400
-2% -$36.3K
GNTX icon
614
Gentex
GNTX
$5.07B
$2.24M 0.02%
135,600
+1,200
+0.9% +$17.6K
QEP
615
DELISTED
QEP RESOURCES, INC.
QEP
$2.23M 0.02%
72,850
-100
-0.1% -$3.14K
WRB icon
616
W.R. Berkley
WRB
$26.6B
$2.22M 0.02%
172,986
+675
+0.4% +$8.66K
GPN icon
617
Global Payments
GPN
$22.8B
$2.22M 0.02%
68,200
-2,200
-3% -$66.7K
UGI icon
618
UGI
UGI
$7.33B
$2.21M 0.02%
80,100
+300
+0.4% +$8.09K
KBR icon
619
KBR
KBR
$4.8B
$2.21M 0.02%
69,342
+400
+0.6% +$13.3K
PNRA
620
DELISTED
Panera Bread Co
PNRA
$2.21M 0.02%
12,500
-600
-5% -$101K
BR icon
621
Broadridge
BR
$19B
$2.21M 0.02%
55,822
+300
+0.5% +$10.8K
AYI icon
622
Acuity Brands
AYI
$10.8B
$2.2M 0.02%
20,100
+100
+0.5% +$10.2K
TEX icon
623
Terex
TEX
$7.74B
$2.19M 0.02%
52,200
+300
+0.6% +$10.9K
EXR icon
624
Extra Space Storage
EXR
$31.6B
$2.17M 0.02%
51,500
+2,100
+4% +$92.6K
MLM icon
625
Martin Marietta Materials
MLM
$33B
$2.17M 0.02%
21,700
+200
+0.9% +$19.7K
23 24
25
26 27

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.