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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
HMSY
876
DELISTED
HMS Holdings Corp.
HMSY
$939K 0.01%
41,300
+400
+1% +$8.66K
NYT icon
877
New York Times
NYT
$10.2B
$935K 0.01%
58,900
+400
+0.7% +$5.44K
CATY icon
878
Cathay General Bancorp
CATY
$4.24B
$920K 0.01%
34,400
+200
+0.6% +$5.07K
TECD
879
DELISTED
Tech Data Corp
TECD
$911K 0.01%
17,650
+100
+0.6% +$5.12K
ROL icon
880
Rollins
ROL
$18.2B
$909K 0.01%
101,338
+338
+0.3% +$2.81K
MDP
881
DELISTED
Meredith Corporation
MDP
$901K 0.01%
17,400
+200
+1% +$10.2K
TXNM
882
TXNM Energy Inc
TXNM
$5.94B
$900K 0.01%
37,334
+200
+0.5% +$4.68K
MFIC icon
883
MidCap Financial Investment
MFIC
$804M
$892K 0.01%
35,082
+167
+0.5% +$4.29K
VRE
884
DELISTED
Veris Residential
VRE
$885K 0.01%
41,200
+200
+0.5% +$4.19K
BIG
885
DELISTED
Big Lots, Inc.
BIG
$882K 0.01%
27,300
+100
+0.4% +$3.56K
JBLU icon
886
JetBlue
JBLU
$2.29B
$871K 0.01%
101,823
+500
+0.5% +$3.97K
IRF
887
DELISTED
INTL RECTIFIER CORP
IRF
$867K 0.01%
33,250
+300
+0.9% +$7.31K
MUSA icon
888
Murphy USA
MUSA
$9.61B
$865K 0.01%
20,825
+100
+0.5% +$4.24K
JNS
889
DELISTED
Janus Capital Group Inc
JNS
$865K 0.01%
69,900
+200
+0.3% +$2.06K
LTM
890
DELISTED
LIFE TIME FITNESS INC
LTM
$865K 0.01%
18,400
– –
GES
891
DELISTED
Guess Inc
GES
$864K 0.01%
27,800
+100
+0.4% +$3.17K
MCY icon
892
Mercury Insurance
MCY
$6.07B
$845K 0.01%
17,000
+100
+0.6% +$4.84K
TRMK icon
893
Trustmark
TRMK
$2.75B
$845K 0.01%
31,500
+200
+0.6% +$5.41K
VSH icon
894
Vishay Intertechnology
VSH
$5.43B
$841K 0.01%
63,452
+1,900
+3% +$24.1K
UPBD icon
895
Upbound Group
UPBD
$1.16B
$837K 0.01%
25,100
+200
+0.8% +$6.92K
ALEX
896
DELISTED
Alexander & Baldwin
ALEX
$835K 0.01%
20,020
-100
-0.5% -$3.84K
HNI icon
897
HNI Corp
HNI
$3.59B
$821K 0.01%
21,140
– –
MLKN icon
898
MillerKnoll
MLKN
$1.67B
$816K 0.01%
27,630
+300
+1% +$8.97K
SMTC icon
899
Semtech
SMTC
$13B
$811K 0.01%
32,100
+400
+1% +$11.8K
SLAB icon
900
Silicon Laboratories
SLAB
$7.23B
$806K 0.01%
18,600
+300
+2% +$12.3K
34 35
36
37 38

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.