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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
R icon
676
Ryder
R
$10.1B
$2.03M 0.01%
21,891
+100
+0.5% +$8.92K
BRSL
677
Brightstar Lottery PLC
BRSL
$2.03B
$2.03M 0.01%
117,700
+400
+0.3% +$6.72K
PTC icon
678
PTC
PTC
$16B
$2.02M 0.01%
55,239
-400
-0.7% -$14.8K
BMR
679
DELISTED
BIOMED REALTY TRUST INC
BMR
$2.02M 0.01%
94,000
+1,400
+2% +$29.8K
FTNT icon
680
Fortinet
FTNT
$117B
$2.02M 0.01%
329,500
+3,000
+0.9% +$16.2K
AOS icon
681
A.O. Smith
AOS
$8.7B
$2.02M 0.01%
71,600
-200
-0.3% -$5.22K
PBI icon
682
Pitney Bowes
PBI
$2.39B
$2.02M 0.01%
82,759
-400
-0.5% -$9.77K
CXW icon
683
CoreCivic
CXW
$3.19B
$2.01M 0.01%
55,412
+200
+0.4% +$7.19K
JBL icon
684
Jabil
JBL
$35.8B
$2.01M 0.01%
92,000
+10,083
+12% +$205K
HCBK
685
DELISTED
HUDSON CITY BANCORP INC
HCBK
$2.01M 0.01%
198,222
+1,000
+0.5% +$9.65K
PAY
686
DELISTED
Verifone Systems Inc
PAY
$2M 0.01%
53,800
+200
+0.4% +$7.04K
LII icon
687
Lennox International
LII
$15.2B
$2M 0.01%
21,000
-200
-0.9% -$17.8K
HNT
688
DELISTED
HEALTH NET INC
HNT
$1.98M 0.01%
37,068
-1,000
-3% -$49.2K
WDR
689
DELISTED
Waddell & Reed Financial, Inc.
WDR
$1.98M 0.01%
39,800
-300
-0.7% -$14.3K
ULTI
690
DELISTED
Ultimate Software Group Inc
ULTI
$1.98M 0.01%
13,500
+100
+0.7% +$14.5K
TE
691
DELISTED
TECO ENERGY INC
TE
$1.98M 0.01%
96,648
+1,400
+1% +$27.1K
ODP
692
DELISTED
ODP
ODP
$1.98M 0.01%
23,070
+120
+0.5% +$7.63K
AIZ icon
693
Assurant
AIZ
$14.3B
$1.98M 0.01%
28,897
-400
-1% -$26.6K
CPRT icon
694
Copart
CPRT
$27.5B
$1.98M 0.01%
433,216
+2,400
+0.6% +$10.3K
INFA
695
DELISTED
INFORMATICA CORP
INFA
$1.97M 0.01%
51,700
-500
-1% -$18K
WOOF
696
DELISTED
VCA Inc.
WOOF
$1.95M 0.01%
40,000
-900
-2% -$40.5K
MSM icon
697
MSC Industrial Direct
MSM
$6.86B
$1.95M 0.01%
24,000
-300
-1% -$24.4K
AVY icon
698
Avery Dennison
AVY
$13.4B
$1.95M 0.01%
37,550
-900
-2% -$42.7K
RGLD icon
699
Royal Gold
RGLD
$19.5B
$1.94M 0.01%
31,000
+100
+0.3% +$6.56K
KATE
700
DELISTED
Kate Spade & Company
KATE
$1.94M 0.01%
60,500
+300
+0.5% +$8.56K
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 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.