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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
KEX icon
651
Kirby Corp
KEX
$6.93B
$2.2M 0.01%
27,200
+100
+0.4% +$9.91K
GWR
652
DELISTED
Genesee & Wyoming Inc.
GWR
$2.19M 0.01%
24,400
+200
+0.8% +$18.5K
ALLE icon
653
Allegion
ALLE
$14.4B
$2.19M 0.01%
39,405
– –
NDSN icon
654
Nordson
NDSN
$17.3B
$2.18M 0.01%
27,960
+100
+0.4% +$7.59K
MDU icon
655
MDU Resources
MDU
$4.32B
$2.17M 0.01%
242,901
+789
+0.3% +$7.61K
LHO
656
DELISTED
LaSalle Hotel Properties
LHO
$2.15M 0.01%
53,100
+3,700
+7% +$142K
BMS
657
DELISTED
Bemis
BMS
$2.15M 0.01%
47,500
+6,505
+16% +$262K
DHC
658
Diversified Healthcare Trust
DHC
$2.14B
$2.15M 0.01%
97,873
+303
+0.3% +$6.64K
PNRA
659
DELISTED
Panera Bread Co
PNRA
$2.13M 0.01%
12,200
– –
AFG icon
660
American Financial Group
AFG
$12.1B
$2.13M 0.01%
35,090
-500
-1% -$29.7K
STR
661
DELISTED
QUESTAR CORP
STR
$2.11M 0.01%
83,371
+200
+0.2% +$4.77K
SON icon
662
Sonoco
SON
$5.74B
$2.11M 0.01%
48,211
-100
-0.2% -$4.13K
PACW
663
DELISTED
PacWest Bancorp
PACW
$2.1M 0.01%
46,100
+200
+0.4% +$8.77K
GXP
664
DELISTED
Great Plains Energy Incorporated
GXP
$2.08M 0.01%
73,210
+100
+0.1% +$2.64K
TRN icon
665
Trinity Industries
TRN
$2.38B
$2.08M 0.01%
102,917
+139
+0.1% +$3.35K
ACC
666
DELISTED
American Campus Communities, Inc.
ACC
$2.07M 0.01%
50,000
+200
+0.4% +$7.87K
ATR icon
667
AptarGroup
ATR
$8.61B
$2.06M 0.01%
30,800
-100
-0.3% -$6.34K
NEU icon
668
NewMarket
NEU
$8.18B
$2.06M 0.01%
5,100
– –
SLM icon
669
SLM Corp
SLM
$5.15B
$2.05M 0.01%
201,425
+800
+0.4% +$7.65K
IM
670
DELISTED
Ingram Micro
IM
$2.05M 0.01%
74,200
-119,600
-62% -$3.15M
THC icon
671
Tenet Healthcare
THC
$21.1B
$2.05M 0.01%
40,440
+300
+0.7% +$15.7K
FOSL icon
672
Fossil Group
FOSL
$318M
$2.05M 0.01%
18,480
-600
-3% -$62.7K
WIN
673
DELISTED
Windstream Holdings Inc
WIN
$2.05M 0.01%
31,703
+166
+0.5% +$12.7K
TER icon
674
Teradyne
TER
$59.3B
$2.04M 0.01%
103,000
+5,900
+6% +$111K
RVTY icon
675
Revvity
RVTY
$12.8B
$2.04M 0.01%
46,541
+200
+0.4% +$8.62K
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 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.