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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
TECD
851
DELISTED
Tech Data Corp
TECD
$1.15M 0.01%
18,250
+100
+0.6% +$5.99K
MTX icon
852
Minerals Technologies
MTX
$2.34B
$1.14M 0.01%
16,380
– –
BKH icon
853
Black Hills Corp
BKH
$5.69B
$1.13M 0.01%
21,290
+100
+0.5% +$5.26K
JNS
854
DELISTED
Janus Capital Group Inc
JNS
$1.13M 0.01%
69,900
-600
-0.9% -$9.02K
WPX
855
DELISTED
WPX Energy, Inc.
WPX
$1.13M 0.01%
96,800
+500
+0.5% +$7.98K
TXNM
856
TXNM Energy Inc
TXNM
$5.94B
$1.12M 0.01%
37,934
+100
+0.3% +$2.83K
LPX icon
857
Louisiana-Pacific
LPX
$5.49B
$1.12M 0.01%
67,699
+600
+0.9% +$8.97K
SLGN icon
858
Silgan Holdings
SLGN
$4.41B
$1.11M 0.01%
41,462
– –
FICO icon
859
Fair Isaac
FICO
$22.5B
$1.11M 0.01%
15,300
– –
ACIW icon
860
ACI Worldwide
ACIW
$5.42B
$1.1M 0.01%
54,650
+500
+0.9% +$9.53K
CAKE icon
861
Cheesecake Factory
CAKE
$5.33B
$1.1M 0.01%
21,899
– –
FULT icon
862
Fulton Financial
FULT
$4.64B
$1.09M 0.01%
88,200
-900
-1% -$10.6K
POLY
863
DELISTED
Plantronics, Inc.
POLY
$1.08M 0.01%
20,400
+100
+0.5% +$5.03K
HNI icon
864
HNI Corp
HNI
$3.59B
$1.08M 0.01%
21,140
-300
-1% -$13.5K
DBD
865
DELISTED
Diebold Nixdorf Incorporated
DBD
$1.06M 0.01%
30,730
+100
+0.3% +$3.53K
CVLT icon
866
Commault Systems
CVLT
$5.61B
$1.06M 0.01%
20,500
+300
+1% +$14.4K
ACH
867
Accendra Health
ACH
$214M
$1.05M 0.01%
30,000
+100
+0.3% +$3.37K
WAFD icon
868
WaFd
WAFD
$2.75B
$1.03M 0.01%
46,723
-500
-1% -$10.7K
KLXI
869
DELISTED
KLX Inc.
KLXI
$1.03M 0.01%
+29,650
New +$1.04M
MDRX
870
DELISTED
Veradigm Inc. Common Stock
MDRX
$1.03M 0.01%
80,600
+200
+0.2% +$2.55K
MENT
871
DELISTED
Mentor Graphics Corp
MENT
$1.02M 0.01%
46,560
+700
+2% +$14.8K
OGS icon
872
ONE Gas
OGS
$5.04B
$1.02M 0.01%
24,757
+100
+0.4% +$3.88K
TIVO
873
DELISTED
Tivo Inc
TIVO
$1.02M 0.01%
45,050
+100
+0.2% +$2.1K
DO
874
DELISTED
Diamond Offshore Drilling
DO
$1.02M 0.01%
27,720
+200
+0.7% +$7.17K
BIG
875
DELISTED
Big Lots, Inc.
BIG
$1.02M 0.01%
25,400
-1,200
-5% -$53.3K
33 34
35
36 37

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.