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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
FIVE icon
826
Five Below
FIVE
$13.5B
$1.17M 0.01%
+27,000
New +$1.29M
BIO icon
827
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.16M 0.01%
9,400
+100
+1% +$12.2K
LPNT
828
DELISTED
LifePoint Health, Inc.
LPNT
$1.16M 0.01%
22,000
-100
-0.5% -$5.02K
THO icon
829
Thor Industries
THO
$4.14B
$1.16M 0.01%
21,000
+200
+1% +$11K
GHC icon
830
Graham Holdings Company
GHC
$5.02B
$1.16M 0.01%
2,890
– –
SWI
831
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$1.16M 0.01%
30,600
– –
CIEN icon
832
Ciena
CIEN
$58.4B
$1.16M 0.01%
48,300
+200
+0.4% +$4.76K
WEN icon
833
Wendy's
WEN
$1.46B
$1.15M 0.01%
131,999
+100
+0.1% +$859
MDRX
834
DELISTED
Veradigm Inc. Common Stock
MDRX
$1.15M 0.01%
74,400
+600
+0.8% +$8.84K
AEO icon
835
American Eagle Outfitters
AEO
$3.01B
$1.14M 0.01%
79,475
-1,849,500
-96% -$27.4M
HTSI
836
DELISTED
HARRIS TEETER SUPERMARKETS INC COM STK (NC)
HTSI
$1.14M 0.01%
23,120
+100
+0.4% +$4.93K
SXT icon
837
Sensient Technologies
SXT
$5.53B
$1.14M 0.01%
23,470
+200
+0.9% +$9.96K
CPWR
838
DELISTED
COMPUWARE CORP
CPWR
$1.14M 0.01%
105,557
+1,457
+1% +$15.2K
HRC
839
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.14M 0.01%
27,450
+100
+0.4% +$4K
GATX icon
840
GATX Corp
GATX
$6.27B
$1.13M 0.01%
21,590
+100
+0.5% +$5.03K
AMD icon
841
Advanced Micro Devices
AMD
$789B
$1.11M 0.01%
288,000
+2,800
+1% +$10K
CMC icon
842
Commercial Metals
CMC
$8.31B
$1.11M 0.01%
54,800
+300
+0.6% +$5.58K
WAFD icon
843
WaFd
WAFD
$2.75B
$1.11M 0.01%
47,623
-600
-1% -$13.6K
HNT
844
DELISTED
HEALTH NET INC
HNT
$1.11M 0.01%
37,268
+300
+0.8% +$8.98K
PRI icon
845
Primerica
PRI
$9.89B
$1.1M 0.01%
25,700
+200
+0.8% +$8.48K
MENT
846
DELISTED
Mentor Graphics Corp
MENT
$1.1M 0.01%
45,560
+700
+2% +$15.8K
BKH icon
847
Black Hills Corp
BKH
$5.69B
$1.09M 0.01%
20,790
– –
CAKE icon
848
Cheesecake Factory
CAKE
$5.33B
$1.09M 0.01%
22,499
-600
-3% -$28.1K
CRR
849
DELISTED
Carbo Ceramics Inc.
CRR
$1.08M 0.01%
9,300
+100
+1% +$11.4K
ACH
850
Accendra Health
ACH
$214M
$1.08M 0.01%
29,600
+100
+0.3% +$3.67K
32 33
34
35 36

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.