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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
MO icon
51
Altria Group
MO
$114B
$53M 0.41%
1,381,374
+105,600
+8% +$3.9M
CVS icon
52
CVS Health
CVS
$123B
$50.3M 0.38%
702,900
+29,900
+4% +$1.92M
DD
53
DELISTED
Du Pont De Nemours E I
DD
$48.8M 0.37%
791,366
-16,954
-2% -$980K
LMT icon
54
Lockheed Martin
LMT
$134B
$47M 0.36%
315,827
+20,400
+7% +$2.77M
EBAY icon
55
eBay
EBAY
$50.7B
$46.5M 0.36%
2,011,726
-475
-0% -$10.5K
MMM icon
56
3M
MMM
$94.3B
$46.1M 0.35%
393,169
-4,904
-1% -$522K
MS icon
57
Morgan Stanley
MS
$338B
$45.8M 0.35%
1,460,255
-2,400
-0.2% -$71.3K
APTV icon
58
Aptiv
APTV
$10.1B
$45.6M 0.35%
757,790
+99,000
+15% +$5.73M
BMY icon
59
Bristol-Myers Squibb
BMY
$132B
$43.5M 0.33%
818,353
+78,700
+11% +$4.01M
UNH icon
60
UnitedHealth
UNH
$372B
$43.2M 0.33%
574,313
+8,084
+1% +$581K
USB icon
61
US Bancorp
USB
$99.6B
$42.7M 0.33%
1,057,338
+23,600
+2% +$905K
AMGN icon
62
Amgen
AMGN
$220B
$41.8M 0.32%
366,562
+100
+0% +$11.4K
ABBV icon
63
AbbVie
ABBV
$433B
$41.8M 0.32%
790,563
-36,600
-4% -$1.8M
EMR icon
64
Emerson Electric
EMR
$88.5B
$41.5M 0.32%
591,727
-4,400
-0.7% -$294K
INTU icon
65
Intuit
INTU
$91.3B
$39M 0.3%
510,768
-5,000
-1% -$359K
XLF icon
66
State Street Financial Select Sector SPDR ETF
XLF
$58.3B
$38.9M 0.3%
2,027,680
+205,046
+11% +$3.77M
BA icon
67
Boeing
BA
$183B
$38.4M 0.29%
281,090
-1,200
-0.4% -$156K
META icon
68
Meta Platforms (Facebook)
META
$1.52T
$37.8M 0.29%
+691,029
New +$34.7M
TWX
69
DELISTED
Time Warner Inc
TWX
$37.7M 0.29%
563,536
+40,886
+8% +$2.64M
HON icon
70
Honeywell
HON
$77.6B
$37.5M 0.29%
457,343
-334
-0.1% -$26.1K
DD icon
71
DuPont de Nemours
DD
$19.5B
$37.2M 0.28%
330,744
+10,385
+3% +$1.06M
MA icon
72
Mastercard
MA
$497B
$35.2M 0.27%
421,200
-1,000
-0.2% -$74.3K
COP icon
73
ConocoPhillips
COP
$141B
$35.2M 0.27%
498,015
-152,000
-23% -$10.9M
CPRI icon
74
Capri Holdings
CPRI
$1.7B
$34.3M 0.26%
422,900
+137,900
+48% +$10.9M
AXP icon
75
American Express
AXP
$231B
$34M 0.26%
374,511
-2,900
-0.8% -$238K
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 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.