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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
SCI icon
701
Service Corp International
SCI
$11.6B
$1.8M 0.01%
99,200
+400
+0.4% +$7.26K
RDC
702
DELISTED
Rowan Companies Plc
RDC
$1.78M 0.01%
50,466
-100
-0.2% -$3.57K
LEG icon
703
Leggett & Platt
LEG
$1.31B
$1.78M 0.01%
57,425
-300
-0.5% -$8.94K
NEU icon
704
NewMarket
NEU
$8.18B
$1.77M 0.01%
5,300
– –
FLO icon
705
Flowers Foods
FLO
$1.57B
$1.76M 0.01%
82,050
+500
+0.6% +$11.3K
FNFG
706
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$1.76M 0.01%
165,690
+700
+0.4% +$7.59K
CYN
707
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.75M 0.01%
22,159
+100
+0.5% +$7.38K
BRO icon
708
Brown & Brown
BRO
$23.9B
$1.75M 0.01%
111,600
+800
+0.7% +$12.7K
UNFI icon
709
United Natural Foods
UNFI
$2.85B
$1.75M 0.01%
23,200
+200
+0.9% +$14.1K
CYH icon
710
Community Health Systems
CYH
$423M
$1.75M 0.01%
53,845
+363
+0.7% +$12.5K
GXP
711
DELISTED
Great Plains Energy Incorporated
GXP
$1.74M 0.01%
71,910
+300
+0.4% +$7.08K
CXW icon
712
CoreCivic
CXW
$3.19B
$1.74M 0.01%
54,212
+300
+0.6% +$10.4K
X
713
DELISTED
US Steel
X
$1.74M 0.01%
58,825
– –
ODFL icon
714
Old Dominion Freight Line
ODFL
$44.9B
$1.73M 0.01%
+98,100
New +$1.61M
FLIR
715
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.73M 0.01%
57,581
-200
-0.3% -$5.91K
NNN icon
716
NNN REIT
NNN
$8.99B
$1.73M 0.01%
57,000
+500
+0.9% +$16.2K
DNY
717
DELISTED
DONNELLEY R R & SONS CO
DNY
$1.73M 0.01%
85,100
+400
+0.5% +$8.11K
FMER
718
DELISTED
FIRSTMERIT CORP
FMER
$1.72M 0.01%
77,269
+400
+0.5% +$8.98K
BMS
719
DELISTED
Bemis
BMS
$1.72M 0.01%
41,895
– –
CBSH icon
720
Commerce Bancshares
CBSH
$8.5B
$1.71M 0.01%
68,463
+717
+1% +$17.6K
OHI icon
721
Omega Healthcare
OHI
$14.7B
$1.71M 0.01%
57,400
+2,800
+5% +$88.7K
AOL
722
DELISTED
AOL INC COMMON STOCK
AOL
$1.71M 0.01%
36,707
+900
+3% +$36.7K
BID
723
DELISTED
Sotheby's
BID
$1.71M 0.01%
32,127
+300
+0.9% +$15.4K
THC icon
724
Tenet Healthcare
THC
$21.1B
$1.7M 0.01%
40,340
-1,000
-2% -$43.5K
COTY icon
725
Coty
COTY
$2.48B
$1.69M 0.01%
+110,946
New +$1.74M
27 28
29
30 31

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.