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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
PBCT
701
DELISTED
People's United Financial Inc
PBCT
$1.93M 0.01%
126,871
-300
-0.2% -$4.39K
ALGN icon
702
Align Technology
ALGN
$12.3B
$1.92M 0.01%
34,400
-100
-0.3% -$5.29K
HIW icon
703
Highwoods Properties
HIW
$3.47B
$1.92M 0.01%
43,400
+500
+1% +$21.2K
ARRS
704
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.89M 0.01%
62,700
+200
+0.3% +$5.66K
JOY
705
DELISTED
Joy Global Inc
JOY
$1.88M 0.01%
40,474
+200
+0.5% +$10.2K
FLIR
706
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.88M 0.01%
58,081
– –
ZBRA icon
707
Zebra Technologies
ZBRA
$17.8B
$1.87M 0.01%
24,200
+100
+0.4% +$7.2K
WRI
708
DELISTED
Weingarten Realty Investors
WRI
$1.87M 0.01%
53,500
+100
+0.2% +$3.48K
CVC
709
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$1.86M 0.01%
90,212
+1,300
+1% +$24.8K
AN icon
710
AutoNation
AN
$6.92B
$1.86M 0.01%
30,721
-1,400
-4% -$78.4K
JBLU icon
711
JetBlue
JBLU
$2.29B
$1.85M 0.01%
116,623
+300
+0.3% +$3.89K
X
712
DELISTED
US Steel
X
$1.85M 0.01%
69,200
+300
+0.4% +$10K
OSK icon
713
Oshkosh
OSK
$9.59B
$1.85M 0.01%
38,000
-2,300
-6% -$104K
CYN
714
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.85M 0.01%
22,859
+200
+0.9% +$15.4K
BRO icon
715
Brown & Brown
BRO
$23.9B
$1.85M 0.01%
112,200
-200
-0.2% -$3.21K
CFR icon
716
Cullen/Frost Bankers
CFR
$10.2B
$1.84M 0.01%
26,100
+100
+0.4% +$7.54K
STE icon
717
Steris
STE
$23.1B
$1.83M 0.01%
28,300
+100
+0.4% +$6.18K
OI icon
718
O-I Glass
OI
$1.08B
$1.83M 0.01%
67,918
+300
+0.4% +$7.71K
UNFI icon
719
United Natural Foods
UNFI
$2.85B
$1.83M 0.01%
23,700
+100
+0.4% +$7.07K
WOLF icon
720
Wolfspeed
WOLF
$1.71B
$1.83M 0.01%
56,800
-200
-0.4% -$6.57K
WEX icon
721
WEX
WEX
$6.31B
$1.82M 0.01%
18,400
– –
EXP icon
722
Eagle Materials
EXP
$6.57B
$1.82M 0.01%
23,900
+100
+0.4% +$8.46K
GHC icon
723
Graham Holdings Company
GHC
$5.02B
$1.81M 0.01%
3,476
– –
AGCO icon
724
AGCO
AGCO
$7.2B
$1.8M 0.01%
39,800
-700
-2% -$31K
LYV icon
725
Live Nation Entertainment
LYV
$42.1B
$1.8M 0.01%
68,800
+300
+0.4% +$7.56K
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 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.