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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
IPGP icon
826
IPG Photonics
IPGP
$3.84B
$1.27M 0.01%
+16,900
New +$1.2M
TCF
827
DELISTED
TCF Financial Corporation
TCF
$1.26M 0.01%
79,560
+400
+0.5% +$6.15K
BID
828
DELISTED
Sotheby's
BID
$1.26M 0.01%
29,227
+100
+0.3% +$3.95K
CLH icon
829
Clean Harbors
CLH
$16.3B
$1.25M 0.01%
26,000
-200
-0.8% -$9.75K
CDP icon
830
COPT Defense Properties
CDP
$4.21B
$1.25M 0.01%
44,000
+2,400
+6% +$66K
HRC
831
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.25M 0.01%
27,350
+100
+0.4% +$4.43K
CRS icon
832
Carpenter Technology
CRS
$28.4B
$1.25M 0.01%
25,300
+100
+0.4% +$4.82K
BOH icon
833
Bank of Hawaii
BOH
$3.13B
$1.24M 0.01%
20,890
-100
-0.5% -$5.76K
SM icon
834
SM Energy
SM
$6.87B
$1.24M 0.01%
32,100
+100
+0.3% +$5.01K
OIS icon
835
Oil States International
OIS
$491M
$1.24M 0.01%
25,300
-400
-2% -$21.6K
THO icon
836
Thor Industries
THO
$4.14B
$1.24M 0.01%
22,100
+100
+0.5% +$5.39K
UFS
837
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.24M 0.01%
30,700
-100
-0.3% -$3.94K
LXK
838
DELISTED
Lexmark Intl Inc
LXK
$1.21M 0.01%
29,400
-100
-0.3% -$4.16K
GATX icon
839
GATX Corp
GATX
$6.27B
$1.21M 0.01%
20,990
-300
-1% -$17.8K
CAB
840
DELISTED
Cabela's Inc
CAB
$1.2M 0.01%
22,700
+100
+0.4% +$5.26K
HWC icon
841
Hancock Whitney
HWC
$6.24B
$1.19M 0.01%
38,800
– –
BIO icon
842
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.18M 0.01%
9,800
+100
+1% +$11.5K
TDS icon
843
Telephone and Data Systems
TDS
$3.75B
$1.18M 0.01%
46,736
-200
-0.4% -$4.92K
CHS
844
DELISTED
Chicos FAS, Inc.
CHS
$1.18M 0.01%
72,800
+300
+0.4% +$4.6K
HSNI
845
DELISTED
HSN, Inc.
HSNI
$1.18M 0.01%
15,500
+100
+0.6% +$6.92K
WEN icon
846
Wendy's
WEN
$1.46B
$1.18M 0.01%
130,383
-100
-0.1% -$844
KBR icon
847
KBR
KBR
$4.8B
$1.17M 0.01%
69,042
+100
+0.1% +$1.79K
CEB
848
DELISTED
CEB Inc.
CEB
$1.16M 0.01%
16,000
– –
AEO icon
849
American Eagle Outfitters
AEO
$3.01B
$1.16M 0.01%
83,275
+300
+0.4% +$4.06K
PTEN icon
850
Patterson-UTI
PTEN
$3.76B
$1.16M 0.01%
69,700
+400
+0.6% +$8.44K
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 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.