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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
NFX
776
DELISTED
Newfield Exploration
NFX
$1.53M 0.01%
56,372
+336
+0.6% +$9.98K
FHN icon
777
First Horizon
FHN
$12.1B
$1.52M 0.01%
111,983
-500
-0.4% -$6.34K
TKR icon
778
Timken Company
TKR
$9.03B
$1.51M 0.01%
35,500
-700
-2% -$29.4K
VIAV icon
779
Viavi Solutions
VIAV
$9.66B
$1.51M 0.01%
193,907
+2,109
+1% +$15.7K
GME icon
780
GameStop
GME
$8.6B
$1.51M 0.01%
178,808
-6,000
-3% -$58K
TUP
781
DELISTED
Tupperware Brands Corporation
TUP
$1.51M 0.01%
23,987
+100
+0.4% +$6.54K
RVBD
782
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
$1.51M 0.01%
73,800
-2,000
-3% -$38.4K
DECK icon
783
Deckers Outdoor
DECK
$13.3B
$1.5M 0.01%
99,000
+600
+0.6% +$9.14K
THG icon
784
Hanover Insurance
THG
$7.98B
$1.49M 0.01%
20,950
– –
FHI icon
785
Federated Hermes
FHI
$4.72B
$1.49M 0.01%
45,300
– –
NATI
786
DELISTED
National Instruments Corp
NATI
$1.49M 0.01%
47,975
+300
+0.6% +$9.31K
VMI icon
787
Valmont Industries
VMI
$9.53B
$1.49M 0.01%
11,700
-700
-6% -$93.4K
FMER
788
DELISTED
FIRSTMERIT CORP
FMER
$1.49M 0.01%
78,669
+200
+0.3% +$3.6K
DLX icon
789
Deluxe
DLX
$1.15B
$1.47M 0.01%
23,662
– –
SPN
790
DELISTED
Superior Energy Services, Inc.
SPN
$1.46M 0.01%
7,240
-100
-1% -$23.4K
DNR
791
DELISTED
Denbury Resources, Inc.
DNR
$1.46M 0.01%
179,237
-80,155
-31% -$831K
URBN icon
792
Urban Outfitters
URBN
$6.59B
$1.45M 0.01%
41,219
-600
-1% -$19.4K
INVX
793
Innovex International
INVX
$1.97B
$1.44M 0.01%
18,800
-200
-1% -$16.7K
TEX icon
794
Terex
TEX
$7.74B
$1.44M 0.01%
51,600
-700
-1% -$20K
FNFG
795
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$1.42M 0.01%
168,390
+500
+0.3% +$4.02K
CRL icon
796
Charles River Laboratories
CRL
$12.8B
$1.42M 0.01%
22,300
+200
+0.9% +$12.5K
MUSA icon
797
Murphy USA
MUSA
$9.61B
$1.41M 0.01%
20,425
– –
WBS icon
798
Webster Financial
WBS
$12.8B
$1.4M 0.01%
42,950
+100
+0.2% +$3.09K
SFG
799
DELISTED
STANCORP FINL GRP
SFG
$1.4M 0.01%
20,000
-800
-4% -$53.4K
WSO icon
800
Watsco Inc
WSO
$13.6B
$1.39M 0.01%
13,000
+100
+0.8% +$9.93K
30 31
32
33 34

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.