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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
FHN icon
801
First Horizon
FHN
$12.1B
$1.29M 0.01%
110,683
-1,400
-1% -$15.7K
SMG icon
802
ScottsMiracle-Gro
SMG
$3.66B
$1.28M 0.01%
20,575
+100
+0.5% +$5.85K
AFOP
803
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
$1.28M 0.01%
+85,000
New +$1.42M
ASNA
804
DELISTED
Ascena Retail Group, Inc.
ASNA
$1.28M 0.01%
3,015
+50
+2% +$20.4K
ZBRA icon
805
Zebra Technologies
ZBRA
$17.8B
$1.27M 0.01%
23,500
-200
-0.8% -$10K
FHI icon
806
Federated Hermes
FHI
$4.72B
$1.27M 0.01%
44,100
+200
+0.5% +$5.49K
AHL
807
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.27M 0.01%
30,700
-800
-3% -$31.5K
CMP icon
808
Compass Minerals
CMP
$1.15B
$1.26M 0.01%
15,700
+100
+0.6% +$7.49K
TCF
809
DELISTED
TCF Financial Corporation
TCF
$1.25M 0.01%
77,160
+500
+0.7% +$7.74K
DST
810
DELISTED
DST Systems Inc.
DST
$1.25M 0.01%
27,600
-400
-1% -$17K
BOH icon
811
Bank of Hawaii
BOH
$3.13B
$1.24M 0.01%
20,890
+100
+0.5% +$5.76K
DLX icon
812
Deluxe
DLX
$1.15B
$1.24M 0.01%
23,662
+200
+0.9% +$9.56K
LSTR icon
813
Landstar System
LSTR
$6.21B
$1.23M 0.01%
21,400
+100
+0.5% +$5.6K
THG icon
814
Hanover Insurance
THG
$7.98B
$1.23M 0.01%
20,550
+100
+0.5% +$5.89K
LPX icon
815
Louisiana-Pacific
LPX
$5.49B
$1.22M 0.01%
66,099
+700
+1% +$11.9K
WSO icon
816
Watsco Inc
WSO
$13.6B
$1.22M 0.01%
12,700
+200
+2% +$19K
IDA icon
817
Idacorp
IDA
$8.2B
$1.22M 0.01%
23,480
+100
+0.4% +$5.11K
DISCK
818
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.22M 0.01%
29,000
– –
CEB
819
DELISTED
CEB Inc.
CEB
$1.22M 0.01%
15,700
– –
CRL icon
820
Charles River Laboratories
CRL
$12.8B
$1.19M 0.01%
22,500
-400
-2% -$20.1K
TDS icon
821
Telephone and Data Systems
TDS
$3.75B
$1.19M 0.01%
46,236
+300
+0.7% +$8.48K
ODP
822
DELISTED
ODP
ODP
$1.18M 0.01%
22,340
+11,170
+100% +$591K
DWA
823
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$1.18M 0.01%
33,300
+100
+0.3% +$3.15K
FULT icon
824
Fulton Financial
FULT
$4.64B
$1.18M 0.01%
90,100
-200
-0.2% -$2.5K
ACIW icon
825
ACI Worldwide
ACIW
$5.42B
$1.17M 0.01%
54,150
-1,200
-2% -$23.8K
31 32
33
34 35

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.