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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
SON icon
651
Sonoco
SON
$5.74B
$1.99M 0.02%
47,711
+900
+2% +$36.2K
SPN
652
DELISTED
Superior Energy Services, Inc.
SPN
$1.99M 0.02%
7,470
+40
+0.5% +$10.5K
PTC icon
653
PTC
PTC
$16B
$1.98M 0.02%
55,939
+200
+0.4% +$6.14K
BRE
654
DELISTED
BRE PROPERTIES INC CL A
BRE
$1.98M 0.02%
36,100
+100
+0.3% +$5.36K
AVY icon
655
Avery Dennison
AVY
$13.4B
$1.97M 0.02%
39,250
-600
-2% -$28.3K
AIZ icon
656
Assurant
AIZ
$14.3B
$1.96M 0.02%
29,597
-900
-3% -$55.1K
BC icon
657
Brunswick
BC
$5.28B
$1.96M 0.02%
+42,600
New +$1.89M
DHC
658
Diversified Healthcare Trust
DHC
$2.14B
$1.96M 0.02%
88,893
+505
+0.6% +$11.7K
ORI icon
659
Old Republic International
ORI
$10.4B
$1.96M 0.01%
113,227
+600
+0.5% +$9.85K
PBCT
660
DELISTED
People's United Financial Inc
PBCT
$1.95M 0.01%
129,171
-1,400
-1% -$20.6K
WTRG icon
661
Essential Utilities
WTRG
$11.4B
$1.95M 0.01%
82,716
+500
+0.6% +$12.2K
POM
662
DELISTED
PEPCO HOLDINGS, INC.
POM
$1.94M 0.01%
101,522
+200
+0.2% +$3.79K
AOS icon
663
A.O. Smith
AOS
$8.7B
$1.94M 0.01%
+71,800
New +$1.84M
ATO icon
664
Atmos Energy
ATO
$28.8B
$1.94M 0.01%
42,600
+400
+0.9% +$17.7K
WIN
665
DELISTED
Windstream Holdings Inc
WIN
$1.93M 0.01%
30,937
+153
+0.5% +$9.9K
AFG icon
666
American Financial Group
AFG
$12.1B
$1.93M 0.01%
33,490
+300
+0.9% +$16.8K
KRC icon
667
Kilroy Realty
KRC
$4.42B
$1.93M 0.01%
38,400
+600
+2% +$30.7K
HSH
668
DELISTED
HILLSHIRE BRANDS CO
HSH
$1.93M 0.01%
57,605
+300
+0.5% +$9.73K
CPRT icon
669
Copart
CPRT
$27.5B
$1.92M 0.01%
418,816
+2,400
+0.6% +$10.1K
WR
670
DELISTED
Westar Energy Inc
WR
$1.92M 0.01%
59,550
+400
+0.7% +$12.6K
KMT icon
671
Kennametal
KMT
$2.52B
$1.91M 0.01%
36,760
+500
+1% +$23.7K
PBI icon
672
Pitney Bowes
PBI
$2.39B
$1.91M 0.01%
82,159
+100
+0.1% +$2.15K
DNB
673
DELISTED
Dun & Bradstreet
DNB
$1.91M 0.01%
15,546
-200
-1% -$22.4K
TCO
674
DELISTED
Taubman Centers Inc.
TCO
$1.91M 0.01%
29,800
+100
+0.3% +$6.66K
AMCX icon
675
AMC Global Media
AMCX
$489M
$1.89M 0.01%
27,750
+100
+0.4% +$6.66K
25 26
27
28 29

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.