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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
DIS icon
51
Walt Disney
DIS
$181B
$60.5M 0.4%
642,625
-791,600
-55% -$71.4M
PEP icon
52
PepsiCo
PEP
$190B
$58.3M 0.39%
616,473
-1,200
-0.2% -$115K
LMT icon
53
Lockheed Martin
LMT
$135B
$55M 0.36%
285,727
-500
-0.2% -$92.8K
HPQ icon
54
HP
HPQ
$27.4B
$53.9M 0.36%
2,957,315
+810,116
+38% +$13.6M
V icon
55
Visa
V
$677B
$52.8M 0.35%
804,880
-1,146,400
-59% -$69M
ACN icon
56
Accenture
ACN
$108B
$52.2M 0.35%
584,402
+86,600
+17% +$7.19M
BMY icon
57
Bristol-Myers Squibb
BMY
$132B
$50.3M 0.33%
852,253
+3,600
+0.4% +$203K
AMGN icon
58
Amgen
AMGN
$222B
$49.9M 0.33%
313,362
-58,000
-16% -$9.04M
EMR icon
59
Emerson Electric
EMR
$88.2B
$49.9M 0.33%
807,627
+59,000
+8% +$3.7M
AMZN icon
60
Amazon
AMZN
$2.97T
$48.5M 0.32%
3,127,000
-2,294,000
-42% -$35.7M
DD
61
DELISTED
Du Pont De Nemours E I
DD
$48.4M 0.32%
689,331
-18,006
-3% -$1.2M
MMM icon
62
3M
MMM
$94.1B
$46.8M 0.31%
340,578
-59,289
-15% -$7.61M
FSLR icon
63
First Solar
FSLR
$27B
$44.6M 0.29%
999,006
+541,200
+118% +$27.6M
XLF icon
64
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$44M 0.29%
2,027,680
– –
UNH icon
65
UnitedHealth
UNH
$370B
$43.9M 0.29%
434,703
-128,610
-23% -$12.2M
LYB icon
66
LyondellBasell Industries
LYB
$19.3B
$43.9M 0.29%
553,032
+253,400
+85% +$22M
ABBV icon
67
AbbVie
ABBV
$434B
$42.9M 0.28%
656,263
+3,700
+0.6% +$233K
DE icon
68
Deere & Co
DE
$168B
$40.4M 0.27%
456,862
+121,100
+36% +$10.5M
NOV icon
69
NOV
NOV
$6.98B
$40M 0.26%
610,810
+193,600
+46% +$13.5M
MCD icon
70
McDonald's
MCD
$195B
$37.6M 0.25%
400,889
-1,700
-0.4% -$159K
NOC icon
71
Northrop Grumman
NOC
$81.2B
$37M 0.25%
251,289
+62,800
+33% +$8.61M
CELG
72
DELISTED
Celgene Corp
CELG
$36.8M 0.24%
328,980
-982,000
-75% -$104M
WBA
73
DELISTED
Walgreens Boots Alliance
WBA
$36.5M 0.24%
479,517
-2,500
-0.5% -$167K
DUK icon
74
Duke Energy
DUK
$97.4B
$35.9M 0.24%
429,936
+1,400
+0.3% +$113K
BA icon
75
Boeing
BA
$186B
$35.5M 0.23%
273,090
-1,700
-0.6% -$216K
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 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.