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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
AMCX icon
726
AMC Global Media
AMCX
$489M
$1.79M 0.01%
28,150
+100
+0.4% +$6.04K
HME
727
DELISTED
HOME PROPERTIES, INC
HME
$1.79M 0.01%
27,300
+200
+0.7% +$12.7K
FEIC
728
DELISTED
FEI COMPANY
FEIC
$1.79M 0.01%
19,800
-100
-0.5% -$8.34K
DNB
729
DELISTED
Dun & Bradstreet
DNB
$1.78M 0.01%
14,746
-200
-1% -$24.2K
RNR icon
730
RenaissanceRe
RNR
$13.4B
$1.78M 0.01%
18,300
-900
-5% -$89.4K
EAT icon
731
Brinker International
EAT
$9.66B
$1.78M 0.01%
30,277
-400
-1% -$21.8K
OA
732
DELISTED
Orbital ATK, Inc.
OA
$1.77M 0.01%
15,200
– –
CNK icon
733
Cinemark Holdings
CNK
$4.32B
$1.76M 0.01%
49,600
+200
+0.4% +$6.94K
ITT icon
734
ITT
ITT
$19.1B
$1.76M 0.01%
43,600
+100
+0.2% +$4.18K
SNV
735
DELISTED
Synovus
SNV
$1.76M 0.01%
65,005
-1,000
-2% -$25.3K
UMPQ
736
DELISTED
Umpqua Holdings Corp
UMPQ
$1.76M 0.01%
103,400
+14,800
+17% +$251K
FAF icon
737
First American
FAF
$7.58B
$1.73M 0.01%
51,000
+200
+0.4% +$6.13K
THS
738
DELISTED
Treehouse Foods
THS
$1.72M 0.01%
+20,100
New +$1.67M
TYL icon
739
Tyler Technologies
TYL
$12.8B
$1.72M 0.01%
+15,700
New +$1.66M
WCG
740
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.72M 0.01%
20,900
+100
+0.5% +$6.97K
CBSH icon
741
Commerce Bancshares
CBSH
$8.5B
$1.71M 0.01%
67,377
+171
+0.3% +$4.26K
AOL
742
DELISTED
AOL INC COMMON STOCK
AOL
$1.71M 0.01%
37,107
-200
-0.5% -$8.8K
CGNX icon
743
Cognex
CGNX
$11.3B
$1.71M 0.01%
82,800
+400
+0.5% +$7.96K
GPOR
744
DELISTED
Gulfport Energy Corp.
GPOR
$1.7M 0.01%
40,700
+100
+0.2% +$4.68K
PDCO
745
DELISTED
Patterson Companies, Inc.
PDCO
$1.7M 0.01%
35,290
+800
+2% +$36K
ORI icon
746
Old Republic International
ORI
$10.4B
$1.69M 0.01%
115,427
+300
+0.3% +$4.38K
FLO icon
747
Flowers Foods
FLO
$1.57B
$1.69M 0.01%
87,950
+500
+0.6% +$9.45K
RYN icon
748
Rayonier
RYN
$6.55B
$1.69M 0.01%
66,474
+330
+0.5% +$8.85K
SKT icon
749
Tanger
SKT
$4.52B
$1.69M 0.01%
+45,600
New +$1.63M
AVP
750
DELISTED
Avon Products, Inc.
AVP
$1.68M 0.01%
179,055
+900
+0.5% +$9.31K
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 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.