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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
+5.75%
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
$11.4B
AUM Growth
+$521M
Cap. Flow
-$6.83M
Cap. Flow %
-0.06%
Top 10 Hldgs %
22.32%
Holding
968
New
21
Increased
597
Reduced
269
Closed
15

Top Buys

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$51.3M
2
EXC icon
Exelon
EXC
+$47.7M
3
GILD icon
Gilead Sciences
GILD
+$40.9M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$37.9M
5
K
Kellanova
K
+$34.1M

Top Sells

Rank Stock Value
1
GIS icon
General Mills
GIS
+$81.9M
2
APOL
Apollo Education Group Inc Class A
APOL
+$69.1M
3
CME icon
CME Group
CME
+$68.5M
4
UNH icon
UnitedHealth
UNH
+$58.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$57.3M

Sector Composition

Rank Sector Weight
1 Financials 17.01%
2 Healthcare 14.58%
3 Technology 12.56%
4 Consumer Staples 9.82%
5 Industrials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MO icon
51
Altria Group
MO
$114B
$43.8M 0.38%
1,275,774
-500
-0% -$17.6K
AMGN icon
52
Amgen
AMGN
$222B
$41M 0.36%
366,462
+1,900
+0.5% +$206K
UNH icon
53
UnitedHealth
UNH
$370B
$40.5M 0.36%
566,229
-815,800
-59% -$58.4M
MMM icon
54
3M
MMM
$94.3B
$39.7M 0.35%
398,073
+7,535
+2% +$733K
MS icon
55
Morgan Stanley
MS
$340B
$39.4M 0.35%
1,462,655
+8,400
+0.6% +$225K
EMR icon
56
Emerson Electric
EMR
$88.3B
$38.6M 0.34%
596,127
-1,300
-0.2% -$79.5K
APTV icon
57
Aptiv
APTV
$10.3B
$38.5M 0.34%
658,790
+540,700
+458% +$30M
CVS icon
58
CVS Health
CVS
$122B
$38.2M 0.33%
673,000
+2,300
+0.3% +$137K
USB icon
59
US Bancorp
USB
$99.6B
$37.8M 0.33%
1,033,738
-3,100
-0.3% -$115K
LMT icon
60
Lockheed Martin
LMT
$136B
$37.7M 0.33%
295,427
+10,900
+4% +$1.32M
ABBV icon
61
AbbVie
ABBV
$435B
$37M 0.32%
827,163
-10,599
-1% -$470K
OXY icon
62
Occidental Petroleum
OXY
$55.9B
$35.5M 0.31%
395,817
+522
+0.1% +$44.9K
BMY icon
63
Bristol-Myers Squibb
BMY
$132B
$34.2M 0.3%
739,653
+72,500
+11% +$3.18M
INTU icon
64
Intuit
INTU
$89B
$34.2M 0.3%
515,768
+7,400
+1% +$477K
HON icon
65
Honeywell
HON
$78B
$34.1M 0.3%
457,677
-334
-0.1% -$24.8K
GIS icon
66
General Mills
GIS
$19.7B
$33.8M 0.3%
706,233
-1,630,800
-70% -$81.9M
BA icon
67
Boeing
BA
$185B
$33.2M 0.29%
282,290
+5,000
+2% +$539K
TWX
68
DELISTED
Time Warner Inc
TWX
$33M 0.29%
522,650
+18,982
+4% +$1.14M
UPS icon
69
United Parcel Service
UPS
$88.9B
$32.3M 0.28%
353,862
+5,300
+2% +$466K
XLF icon
70
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$31.9M 0.28%
1,822,634
– –
DD icon
71
DuPont de Nemours
DD
$19.2B
$31.2M 0.27%
320,359
+395
+0.1% +$36.8K
BBWI icon
72
Bath & Body Works
BBWI
$4.1B
$29.9M 0.26%
604,992
+266,574
+79% +$12.2M
AZO icon
73
AutoZone
AZO
$51.1B
$29.4M 0.26%
69,472
+54,700
+370% +$23.4M
UNP icon
74
Union Pacific
UNP
$174B
$29.3M 0.26%
377,256
-2,000
-0.5% -$158K
AXP icon
75
American Express
AXP
$230B
$28.5M 0.25%
377,411
-10,800
-3% -$812K
1 2
3
4 5

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 Q3 2013 Portfolio in Review

As of Q3 2013, State of Michigan Retirement System held 968 positions worth $11.4B, up 4.8% from $10.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 3.7%. State of Michigan Retirement System opened 21 new positions and exited 15, leaving the 968-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 807,877 shares worth $27.1M.
  • State of Michigan Retirement System added most to Bank of New York Mellon in Q3 2013, an estimated $51.3M increase.
  • State of Michigan Retirement System's biggest Q3 2013 reduction was General Mills, cutting an estimated $81.9M.
  • State of Michigan Retirement System fully exited Apollo Education Group Inc Class A in Q3 2013, selling an estimated $69.1M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $11.4B portfolio in Q3 2013.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q3 2013.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2013, filed 8 Nov 2013.