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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
FTR
676
DELISTED
Frontier Communications Corp.
FTR
$1.89M 0.01%
27,091
-20
-0.1% -$1.37K
CDNS icon
677
Cadence Design Systems
CDNS
$93.4B
$1.89M 0.01%
134,710
+2,400
+2% +$32.2K
RVTY icon
678
Revvity
RVTY
$12.8B
$1.89M 0.01%
45,741
+200
+0.4% +$7.65K
STR
679
DELISTED
QUESTAR CORP
STR
$1.89M 0.01%
81,971
+400
+0.5% +$9.18K
LM
680
DELISTED
Legg Mason, Inc.
LM
$1.88M 0.01%
43,176
-1,000
-2% -$38.8K
SVC
681
Service Properties Trust
SVC
$1.07B
$1.88M 0.01%
13,977
+866
+7% +$120K
NDAQ icon
682
Nasdaq
NDAQ
$52.9B
$1.87M 0.01%
140,985
– –
VMI icon
683
Valmont Industries
VMI
$9.53B
$1.86M 0.01%
12,500
– –
PL
684
DELISTED
PROTECTIVE LIFE CORP
PL
$1.86M 0.01%
36,800
+200
+0.5% +$9.41K
WWAV
685
DELISTED
The WhiteWave Foods Company
WWAV
$1.86M 0.01%
81,234
+600
+0.7% +$12.5K
URS
686
DELISTED
URS CORP
URS
$1.86M 0.01%
35,100
+200
+0.6% +$10.5K
TGI
687
DELISTED
Triumph Group
TGI
$1.86M 0.01%
24,400
+200
+0.8% +$14.5K
ITT icon
688
ITT
ITT
$19.1B
$1.84M 0.01%
42,500
+400
+1% +$15.9K
BRSL
689
Brightstar Lottery PLC
BRSL
$2.03B
$1.84M 0.01%
101,202
-4,900
-5% -$88.4K
BSMX
690
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$1.83M 0.01%
+134,300
New +$1.85M
CFR icon
691
Cullen/Frost Bankers
CFR
$10.2B
$1.83M 0.01%
24,600
+200
+0.8% +$14.3K
CRI icon
692
Carter's
CRI
$1.47B
$1.83M 0.01%
25,500
-2,100
-8% -$150K
MSM icon
693
MSC Industrial Direct
MSM
$6.86B
$1.83M 0.01%
22,600
+200
+0.9% +$15.8K
HCBK
694
DELISTED
HUDSON CITY BANCORP INC
HCBK
$1.82M 0.01%
193,322
– –
DPZ icon
695
Domino's
DPZ
$11.6B
$1.82M 0.01%
26,100
+200
+0.8% +$13.7K
OA
696
DELISTED
Orbital ATK, Inc.
OA
$1.81M 0.01%
14,900
– –
EXP icon
697
Eagle Materials
EXP
$6.57B
$1.81M 0.01%
23,400
+300
+1% +$22.6K
LII icon
698
Lennox International
LII
$15.2B
$1.81M 0.01%
21,300
-100
-0.5% -$7.93K
TFX icon
699
Teleflex
TFX
$5.98B
$1.8M 0.01%
19,230
+100
+0.5% +$9.17K
WEX icon
700
WEX
WEX
$6.31B
$1.8M 0.01%
18,200
+100
+0.6% +$9.39K
26 27
28
29 30

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.