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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
LMT icon
51
Lockheed Martin
LMT
$136B
$51.7M 0.39%
316,627
+800
+0.3% +$126K
TSCO icon
52
Tractor Supply
TSCO
$18B
$48.5M 0.36%
3,435,000
+3,108,500
+952% +$44M
MO icon
53
Altria Group
MO
$114B
$47.7M 0.36%
1,275,474
-105,900
-8% -$3.85M
APOL
54
DELISTED
Apollo Education Group Inc Class A
APOL
$47.2M 0.35%
1,377,989
-657,000
-32% -$21.3M
UNH icon
55
UnitedHealth
UNH
$370B
$46.6M 0.35%
568,713
-5,600
-1% -$421K
DD
56
DELISTED
Du Pont De Nemours E I
DD
$45.5M 0.34%
714,813
-76,553
-10% -$4.68M
AMGN icon
57
Amgen
AMGN
$222B
$45.4M 0.34%
368,162
+1,600
+0.4% +$194K
MMM icon
58
3M
MMM
$94.3B
$44.2M 0.33%
389,462
-3,707
-0.9% -$412K
BMY icon
59
Bristol-Myers Squibb
BMY
$132B
$43.6M 0.33%
840,053
+21,700
+3% +$1.15M
GNW icon
60
Genworth Financial
GNW
$3.71B
$43.1M 0.32%
2,431,892
+1,412,300
+139% +$22.7M
USB icon
61
US Bancorp
USB
$99.6B
$42.2M 0.32%
985,238
-72,100
-7% -$2.96M
META icon
62
Meta Platforms (Facebook)
META
$1.51T
$42M 0.32%
697,300
+6,271
+0.9% +$397K
ABBV icon
63
AbbVie
ABBV
$435B
$40.7M 0.31%
792,163
+1,600
+0.2% +$80.9K
XLF icon
64
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$39.8M 0.3%
2,027,680
– –
EMR icon
65
Emerson Electric
EMR
$88.3B
$39.5M 0.3%
591,727
– –
HON icon
66
Honeywell
HON
$78B
$37.2M 0.28%
446,325
-11,018
-2% -$912K
HPQ icon
67
HP
HPQ
$27.5B
$36.5M 0.27%
2,486,371
-17,175
-0.7% -$231K
SCHW
68
Charles Schwab
SCHW
$187B
$36M 0.27%
1,317,017
-783,700
-37% -$20.5M
COP icon
69
ConocoPhillips
COP
$141B
$35.2M 0.26%
500,415
+2,400
+0.5% +$161K
TWX
70
DELISTED
Time Warner Inc
TWX
$35.1M 0.26%
559,886
-3,650
-0.6% -$229K
BA icon
71
Boeing
BA
$185B
$35M 0.26%
279,190
-1,900
-0.7% -$248K
F icon
72
Ford
F
$55.7B
$34.3M 0.26%
2,197,738
+594,200
+37% +$9.2M
AXP icon
73
American Express
AXP
$230B
$33.6M 0.25%
373,011
-1,500
-0.4% -$134K
FSLR icon
74
First Solar
FSLR
$26.9B
$31.8M 0.24%
455,806
+277,100
+155% +$15.5M
WBA
75
DELISTED
Walgreens Boots Alliance
WBA
$31.6M 0.24%
478,017
-51,700
-10% -$3.25M
1 2
3
4 5

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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
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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.