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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
+2.53%
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
$13.3B
AUM Growth
+$227M
Cap. Flow
-$30.1M
Cap. Flow %
-0.23%
Top 10 Hldgs %
23.07%
Holding
967
New
19
Increased
585
Reduced
284
Closed
14

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$181M
2
PEP icon
PepsiCo
PEP
+$104M
3
BBWI icon
Bath & Body Works
BBWI
+$89.2M
4
AZO icon
AutoZone
AZO
+$66.8M
5
UNP icon
Union Pacific
UNP
+$66.1M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$239M
2
K
Kellanova
K
+$126M
3
JNJ icon
Johnson & Johnson
JNJ
+$112M
4
TJX icon
TJX Companies
TJX
+$57.5M
5
WFC icon
Wells Fargo
WFC
+$41.9M

Sector Composition

Rank Sector Weight
1 Financials 16.93%
2 Healthcare 13.1%
3 Technology 12.32%
4 Consumer Discretionary 9.95%
5 Consumer Staples 9.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HCBK
701
DELISTED
HUDSON CITY BANCORP INC
HCBK
$1.91M 0.01%
194,122
+800
+0.4% +$7.49K
AIZ icon
702
Assurant
AIZ
$14.3B
$1.9M 0.01%
29,197
-400
-1% -$26.2K
PBCT
703
DELISTED
People's United Financial Inc
PBCT
$1.88M 0.01%
126,671
-2,500
-2% -$36.4K
VMI icon
704
Valmont Industries
VMI
$9.53B
$1.88M 0.01%
12,600
+100
+0.8% +$14.8K
MCRS
705
DELISTED
MICROS SYSTEMS INC
MCRS
$1.87M 0.01%
35,400
+200
+0.6% +$11.1K
ORI icon
706
Old Republic International
ORI
$10.4B
$1.87M 0.01%
114,027
+800
+0.7% +$12.7K
STLD icon
707
Steel Dynamics
STLD
$37.6B
$1.87M 0.01%
105,000
+1,100
+1% +$19.3K
ODFL icon
708
Old Dominion Freight Line
ODFL
$44.9B
$1.87M 0.01%
98,700
+600
+0.6% +$10.9K
KBR icon
709
KBR
KBR
$4.8B
$1.86M 0.01%
69,742
+400
+0.6% +$12.1K
BMR
710
DELISTED
BIOMED REALTY TRUST INC
BMR
$1.86M 0.01%
90,700
+800
+0.9% +$15.8K
LEG icon
711
Leggett & Platt
LEG
$1.31B
$1.85M 0.01%
56,725
-700
-1% -$21.7K
ACC
712
DELISTED
American Campus Communities, Inc.
ACC
$1.84M 0.01%
49,300
+200
+0.4% +$7.08K
ITT icon
713
ITT
ITT
$19.1B
$1.84M 0.01%
43,000
+500
+1% +$21.2K
TER icon
714
Teradyne
TER
$59.3B
$1.82M 0.01%
91,300
+1,600
+2% +$30.9K
BTU
715
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$1.81M 0.01%
7,379
+66
+0.9% +$16.7K
AIV
716
Aimco
AIV
$383M
$1.8M 0.01%
447,315
+2,252
+0.5% +$8.64K
RAX
717
DELISTED
Rackspace Hosting Inc
RAX
$1.8M 0.01%
54,800
+1,100
+2% +$39.4K
CBSH icon
718
Commerce Bancshares
CBSH
$8.5B
$1.78M 0.01%
69,002
+539
+0.8% +$13.4K
PB icon
719
Prosperity Bancshares
PB
$8.89B
$1.77M 0.01%
26,800
+200
+0.8% +$12.7K
FLO icon
720
Flowers Foods
FLO
$1.57B
$1.77M 0.01%
82,450
+400
+0.5% +$8.34K
PAY
721
DELISTED
Verifone Systems Inc
PAY
$1.77M 0.01%
52,300
+1,200
+2% +$35.6K
NDAQ icon
722
Nasdaq
NDAQ
$52.9B
$1.76M 0.01%
143,085
+2,100
+1% +$27.1K
CYN
723
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.76M 0.01%
22,359
+200
+0.9% +$15K
ALGN icon
724
Align Technology
ALGN
$12.3B
$1.75M 0.01%
+33,800
New +$1.89M
WEX icon
725
WEX
WEX
$6.31B
$1.75M 0.01%
18,400
+200
+1% +$18.3K
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 Q1 2014 Portfolio in Review

As of Q1 2014, State of Michigan Retirement System held 967 positions worth $13.3B, up 1.7% from $13.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2014: portfolio turnover was 3.4%. State of Michigan Retirement System opened 19 new positions and exited 14, leaving the 967-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q1 2014 buy was Aeropostale Inc: 3,396,000 shares worth $17M.
  • State of Michigan Retirement System added most to Walmart Inc in Q1 2014, an estimated $181M increase.
  • State of Michigan Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $239M.
  • State of Michigan Retirement System fully exited Bunge Global in Q1 2014, selling an estimated $11.1M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $13.3B portfolio in Q1 2014.
  • State of Michigan Retirement System opened 19 new positions and closed 14 in Q1 2014.
  • State of Michigan Retirement System's portfolio value rose 1.7% quarter-over-quarter to $13.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2014, filed 6 May 2014.