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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMGN icon
51
Amgen
AMGN
$222B
$52.2M 0.36%
371,362
+1,200
+0.3% +$157K
UNH icon
52
UnitedHealth
UNH
$370B
$48.6M 0.34%
563,313
-3,200
-0.6% -$270K
DD
53
DELISTED
Du Pont De Nemours E I
DD
$48.2M 0.33%
707,337
-5,370
-0.8% -$338K
MMM icon
54
3M
MMM
$94.3B
$47.4M 0.33%
399,867
+13,156
+3% +$1.58M
EMR icon
55
Emerson Electric
EMR
$88.3B
$46.8M 0.33%
748,627
+44,200
+6% +$2.87M
GNW icon
56
Genworth Financial
GNW
$3.71B
$44.7M 0.31%
3,412,644
+300
+0% +$4.34K
APOL
57
DELISTED
Apollo Education Group Inc Class A
APOL
$43.9M 0.3%
1,744,359
-400
-0% -$11.1K
BMY icon
58
Bristol-Myers Squibb
BMY
$132B
$43.4M 0.3%
848,653
+600
+0.1% +$30K
TSCO icon
59
Tractor Supply
TSCO
$18B
$42.2M 0.29%
3,432,000
-1,500
-0% -$18.7K
XLF icon
60
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$41.2M 0.29%
2,027,680
– –
ACN icon
61
Accenture
ACN
$108B
$40.5M 0.28%
497,802
-600
-0.1% -$48.1K
COP icon
62
ConocoPhillips
COP
$141B
$38.6M 0.27%
504,115
-32,000
-6% -$2.62M
MCD icon
63
McDonald's
MCD
$195B
$38.2M 0.26%
402,589
-296,400
-42% -$28.3M
ABBV icon
64
AbbVie
ABBV
$435B
$37.7M 0.26%
652,563
+1,000
+0.2% +$55.5K
SCHW
65
Charles Schwab
SCHW
$187B
$37.3M 0.26%
1,270,217
-9,600
-0.8% -$272K
TWX
66
DELISTED
Time Warner Inc
TWX
$36.8M 0.26%
489,903
-149,100
-23% -$11.6M
BA icon
67
Boeing
BA
$185B
$35M 0.24%
274,790
-100
-0% -$12.6K
TJX icon
68
TJX Companies
TJX
$178B
$34.7M 0.24%
1,173,172
-116,200
-9% -$3.28M
HPQ icon
69
HP
HPQ
$27.5B
$34.6M 0.24%
2,147,199
-102,833
-5% -$1.67M
KMI icon
70
Kinder Morgan
KMI
$68.7B
$32.6M 0.23%
849,674
-95,500
-10% -$3.63M
LYB icon
71
LyondellBasell Industries
LYB
$19.2B
$32.6M 0.23%
299,632
-73,200
-20% -$7.92M
AXP icon
72
American Express
AXP
$230B
$32.3M 0.22%
369,011
-4,000
-1% -$360K
COF icon
73
Capital One
COF
$134B
$32.3M 0.22%
395,156
-4,100
-1% -$335K
F icon
74
Ford
F
$55.7B
$32.2M 0.22%
2,178,038
-30,200
-1% -$516K
DUK icon
75
Duke Energy
DUK
$97.3B
$32M 0.22%
428,536
+100
+0% +$7.3K
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 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.