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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
HII icon
601
Huntington Ingalls Industries
HII
$12.8B
$2.58M 0.02%
22,934
-100
-0.4% -$10.5K
RIG icon
602
Transocean
RIG
$5.82B
$2.57M 0.02%
140,300
+700
+0.5% +$17.5K
WR
603
DELISTED
Westar Energy Inc
WR
$2.57M 0.02%
62,250
+700
+1% +$26.7K
MAN icon
604
ManpowerGroup
MAN
$2.63B
$2.56M 0.02%
37,630
-200
-0.5% -$13.3K
HAS icon
605
Hasbro
HAS
$13.2B
$2.56M 0.02%
46,599
-400
-0.9% -$22.5K
VRSN icon
606
VeriSign
VRSN
$26.6B
$2.56M 0.02%
44,853
-1,300
-3% -$75.1K
LECO icon
607
Lincoln Electric
LECO
$15.4B
$2.56M 0.02%
37,000
-700
-2% -$48.9K
CBOE icon
608
Cboe Global Markets
CBOE
$29.9B
$2.55M 0.02%
40,200
-200
-0.5% -$11.9K
PWR icon
609
Quanta Services
PWR
$101B
$2.54M 0.02%
89,622
+700
+0.8% +$22K
MSCI icon
610
MSCI
MSCI
$40.9B
$2.53M 0.02%
53,300
-2,000
-4% -$93.6K
GNTX icon
611
Gentex
GNTX
$5.07B
$2.52M 0.02%
139,400
+600
+0.4% +$9.97K
ODFL icon
612
Old Dominion Freight Line
ODFL
$44.9B
$2.52M 0.02%
97,200
+300
+0.3% +$7.44K
SEIC icon
613
SEI Investments
SEIC
$12.6B
$2.49M 0.02%
62,100
– –
WRB icon
614
W.R. Berkley
WRB
$26.6B
$2.48M 0.02%
163,198
-338
-0.2% -$5.08K
NNN icon
615
NNN REIT
NNN
$8.99B
$2.47M 0.02%
62,800
+3,500
+6% +$132K
TFM
616
DELISTED
THE FRESH MARKET, INC COM STK
TFM
$2.47M 0.02%
60,000
-720,000
-92% -$27.4M
DPZ icon
617
Domino's
DPZ
$11.6B
$2.47M 0.02%
26,200
– –
HCC
618
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$2.47M 0.02%
46,100
-1,300
-3% -$67.3K
JKHY icon
619
Jack Henry & Associates
JKHY
$11.1B
$2.42M 0.02%
38,950
-200
-0.5% -$11.9K
LEG icon
620
Leggett & Platt
LEG
$1.31B
$2.42M 0.02%
56,725
+500
+0.9% +$19.7K
J icon
621
Jacobs Solutions
J
$17B
$2.4M 0.02%
65,032
-967
-1% -$36.9K
ZION icon
622
Zions Bancorporation
ZION
$10.3B
$2.38M 0.02%
83,638
+500
+0.6% +$14.1K
NVR icon
623
NVR
NVR
$17B
$2.38M 0.02%
1,864
– –
OHI icon
624
Omega Healthcare
OHI
$14.7B
$2.37M 0.02%
60,600
+200
+0.3% +$7.58K
WBD icon
625
Warner Bros
WBD
$67.1B
$2.36M 0.02%
68,537
– –
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 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.