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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
HCC
626
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$2.16M 0.02%
46,900
+300
+0.6% +$13.5K
BTU
627
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$2.14M 0.02%
7,313
-6
-0.1% -$1.69K
ARE icon
628
Alexandria Real Estate Equities
ARE
$8.56B
$2.13M 0.02%
33,500
+200
+0.6% +$12.8K
JLL icon
629
Jones Lang LaSalle
JLL
$16.7B
$2.13M 0.02%
20,800
+100
+0.5% +$9.39K
DRC
630
DELISTED
DRESSER-RAND GROUP INC
DRC
$2.13M 0.02%
35,700
+200
+0.6% +$11.9K
MAA icon
631
Mid-America Apartment Communities
MAA
$15.7B
$2.13M 0.02%
35,000
+23,000
+192% +$1.44M
CBOE icon
632
Cboe Global Markets
CBOE
$29.9B
$2.12M 0.02%
40,800
-100
-0.2% -$5.04K
SPXC icon
633
SPX Corp
SPXC
$10.8B
$2.11M 0.02%
84,201
+397
+0.5% +$9.13K
INFA
634
DELISTED
INFORMATICA CORP
INFA
$2.11M 0.02%
50,800
+400
+0.8% +$15.6K
RAX
635
DELISTED
Rackspace Hosting Inc
RAX
$2.1M 0.02%
53,700
+600
+1% +$26.1K
NDSN icon
636
Nordson
NDSN
$17.3B
$2.1M 0.02%
28,260
+100
+0.4% +$7.28K
INVX
637
Innovex International
INVX
$1.97B
$2.1M 0.02%
19,100
+200
+1% +$22.6K
IRM icon
638
Iron Mountain
IRM
$36.1B
$2.1M 0.02%
74,838
– –
ATR icon
639
AptarGroup
ATR
$8.61B
$2.09M 0.02%
30,800
-100
-0.3% -$6.38K
HII icon
640
Huntington Ingalls Industries
HII
$12.8B
$2.08M 0.02%
23,134
-100
-0.4% -$7.73K
TWTC
641
DELISTED
TW TELECOM INC CL A COM
TWTC
$2.05M 0.02%
67,400
-500
-0.7% -$14.9K
TKR icon
642
Timken Company
TKR
$9.03B
$2.05M 0.02%
51,968
– –
FDS icon
643
Factset
FDS
$10.2B
$2.04M 0.02%
18,800
– –
OSK icon
644
Oshkosh
OSK
$9.59B
$2.04M 0.02%
40,400
-100
-0.2% -$4.99K
STLD icon
645
Steel Dynamics
STLD
$37.6B
$2.03M 0.02%
103,900
+1,000
+1% +$18.3K
HAIN icon
646
Hain Celestial
HAIN
$53.7M
$2.02M 0.02%
44,600
+600
+1% +$24.8K
MCRS
647
DELISTED
MICROS SYSTEMS INC
MCRS
$2.02M 0.02%
35,200
-500
-1% -$26.6K
NVR icon
648
NVR
NVR
$17B
$2.02M 0.02%
1,964
– –
REG icon
649
Regency Centers
REG
$14.1B
$2M 0.02%
43,200
+200
+0.5% +$9.78K
TRN icon
650
Trinity Industries
TRN
$2.38B
$2M 0.02%
101,666
– –
24 25
26
27 28

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.