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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
PB icon
726
Prosperity Bancshares
PB
$8.89B
$1.69M 0.01%
26,600
+500
+2% +$31.6K
XLS
727
DELISTED
EXELIS INC COM STK
XLS
$1.68M 0.01%
94,462
+535
+0.6% +$8.51K
WPX
728
DELISTED
WPX Energy, Inc.
WPX
$1.66M 0.01%
81,652
+100
+0.1% +$2K
URBN icon
729
Urban Outfitters
URBN
$6.59B
$1.64M 0.01%
44,319
– –
SNV
730
DELISTED
Synovus
SNV
$1.64M 0.01%
65,019
-100
-0.2% -$2.36K
BMR
731
DELISTED
BIOMED REALTY TRUST INC
BMR
$1.63M 0.01%
89,900
+400
+0.4% +$7.58K
HMA
732
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
$1.62M 0.01%
123,800
+2,600
+2% +$33.7K
CNK icon
733
Cinemark Holdings
CNK
$4.32B
$1.62M 0.01%
48,600
+200
+0.4% +$6.56K
TIBX
734
DELISTED
TIBCO SOFTWARE INC
TIBX
$1.61M 0.01%
71,800
+600
+0.8% +$14.7K
DO
735
DELISTED
Diamond Offshore Drilling
DO
$1.61M 0.01%
28,220
-100
-0.4% -$6.03K
ALLE icon
736
Allegion
ALLE
$14.4B
$1.6M 0.01%
+36,305
New +$1.57M
LAMR icon
737
Lamar Advertising Co
LAMR
$16.3B
$1.6M 0.01%
30,600
+200
+0.7% +$9.77K
LDOS icon
738
Leidos
LDOS
$17.3B
$1.59M 0.01%
+34,125
New +$1.57M
MVIS icon
739
Microvision
MVIS
$78.9M
$1.58M 0.01%
80,000
+26,667
+50% +$576K
ACC
740
DELISTED
American Campus Communities, Inc.
ACC
$1.58M 0.01%
49,100
+300
+0.6% +$10.1K
TER icon
741
Teradyne
TER
$59.3B
$1.58M 0.01%
89,700
+11,834
+15% +$200K
R icon
742
Ryder
R
$10.1B
$1.58M 0.01%
21,391
+100
+0.5% +$6.63K
ATML
743
DELISTED
ATMEL CORP
ATML
$1.56M 0.01%
199,330
+100
+0.1% +$732
CLGX
744
DELISTED
Corelogic, Inc.
CLGX
$1.56M 0.01%
43,900
-600
-1% -$19.5K
CVC
745
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$1.56M 0.01%
87,006
– –
CVLT icon
746
Commault Systems
CVLT
$5.61B
$1.56M 0.01%
20,800
+300
+1% +$23.5K
RRX icon
747
Regal Rexnord
RRX
$11.9B
$1.55M 0.01%
21,100
+100
+0.5% +$7.25K
CYT
748
DELISTED
CYTEC INDS INC
CYT
$1.55M 0.01%
33,300
-800
-2% -$34.7K
CLH icon
749
Clean Harbors
CLH
$16.3B
$1.55M 0.01%
25,800
+100
+0.4% +$5.77K
CRS icon
750
Carpenter Technology
CRS
$28.4B
$1.54M 0.01%
24,800
+200
+0.8% +$12.1K
28 29
30
31 32

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.