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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
AIV
751
Aimco
AIV
$383M
$1.54M 0.01%
445,063
-751
-0.2% -$2.69K
CXT icon
752
Crane NXT
CXT
$3.07B
$1.53M 0.01%
65,733
+288
+0.4% +$6.32K
SGI
753
Somnigroup International
SGI
$13.7B
$1.53M 0.01%
113,200
+400
+0.4% +$4.59K
HIW icon
754
Highwoods Properties
HIW
$3.47B
$1.52M 0.01%
42,100
+200
+0.5% +$7.29K
CLC
755
DELISTED
Clarcor
CLC
$1.51M 0.01%
23,400
+200
+0.9% +$11.9K
ESL
756
DELISTED
Esterline Technologies
ESL
$1.5M 0.01%
14,700
+100
+0.7% +$8.54K
SUNE
757
DELISTED
SUNEDISON, INC COM
SUNE
$1.5M 0.01%
114,800
+2,500
+2% +$28.2K
LPS
758
DELISTED
LENDER PROCESSING SERVICES INC
LPS
$1.5M 0.01%
40,002
+300
+0.8% +$10.4K
MANT
759
DELISTED
Mantech International Corp
MANT
$1.47M 0.01%
49,200
– –
TECH icon
760
Bio-Techne
TECH
$11.3B
$1.47M 0.01%
62,000
– –
NSR
761
DELISTED
Neustar Inc
NSR
$1.46M 0.01%
29,360
-600
-2% -$28.9K
NATI
762
DELISTED
National Instruments Corp
NATI
$1.46M 0.01%
45,675
+300
+0.7% +$9.25K
WKC icon
763
World Kinect Corp
WKC
$1.86B
$1.46M 0.01%
33,800
-100
-0.3% -$3.94K
EAT icon
764
Brinker International
EAT
$9.66B
$1.45M 0.01%
31,377
+500
+2% +$22.2K
CAB
765
DELISTED
Cabela's Inc
CAB
$1.45M 0.01%
21,800
+100
+0.5% +$6.21K
WCG
766
DELISTED
Wellcare Health Plans, Inc.
WCG
$1.44M 0.01%
20,500
+200
+1% +$14K
ATW
767
DELISTED
Atwood Oceanics
ATW
$1.44M 0.01%
27,000
+200
+0.7% +$10.8K
WRI
768
DELISTED
Weingarten Realty Investors
WRI
$1.44M 0.01%
52,500
+200
+0.4% +$5.91K
UFS
769
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.43M 0.01%
30,400
– –
CBT icon
770
Cabot Corp
CBT
$4.52B
$1.43M 0.01%
27,880
+200
+0.7% +$9.46K
TE
771
DELISTED
TECO ENERGY INC
TE
$1.43M 0.01%
83,048
– –
BYI
772
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
$1.43M 0.01%
18,200
+100
+0.6% +$7.27K
HME
773
DELISTED
HOME PROPERTIES, INC
HME
$1.43M 0.01%
26,600
+100
+0.4% +$5.62K
SCTY
774
DELISTED
SolarCity Corporation
SCTY
$1.42M 0.01%
+25,000
New +$1.29M
VIAV icon
775
Viavi Solutions
VIAV
$9.66B
$1.42M 0.01%
191,622
+21,812
+13% +$166K
29 30
31
32 33

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.