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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OLN icon
876
Olin
OLN
$2.12B
$942K 0.01%
37,290
+100
+0.3% +$2.66K
TXNM
877
TXNM Energy Inc
TXNM
$5.94B
$942K 0.01%
37,834
+300
+0.8% +$7.96K
MENT
878
DELISTED
Mentor Graphics Corp
MENT
$940K 0.01%
45,860
+200
+0.4% +$4.27K
DWA
879
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$930K 0.01%
34,100
+200
+0.6% +$4.46K
TDW icon
880
Tidewater
TDW
$4.12B
$922K 0.01%
732
+9
+1% +$14.1K
VSH icon
881
Vishay Intertechnology
VSH
$5.43B
$920K 0.01%
64,352
+400
+0.6% +$6.13K
LPX icon
882
Louisiana-Pacific
LPX
$5.49B
$912K 0.01%
67,099
+600
+0.9% +$8.49K
WOR icon
883
Worthington Enterprises
WOR
$2.86B
$896K 0.01%
39,055
-811
-2% -$20.2K
ANN
884
DELISTED
ANN INC
ANN
$893K 0.01%
21,700
-400
-2% -$15.8K
ROL icon
885
Rollins
ROL
$18.2B
$891K 0.01%
102,688
+338
+0.3% +$2.96K
TIVO
886
DELISTED
Tivo Inc
TIVO
$888K 0.01%
44,950
+300
+0.7% +$6.77K
FCS
887
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$885K 0.01%
57,000
-1,900
-3% -$30.7K
VLY icon
888
Valley National Bancorp
VLY
$8.04B
$876K 0.01%
90,414
-4,100
-4% -$40.4K
CATY icon
889
Cathay General Bancorp
CATY
$4.24B
$874K 0.01%
35,200
+300
+0.9% +$7.74K
SVU
890
DELISTED
SUPERVALU Inc.
SVU
$873K 0.01%
13,957
+643
+5% +$41.3K
ISIL
891
DELISTED
Intersil Corp
ISIL
$872K 0.01%
61,400
+700
+1% +$10.2K
SMTC icon
892
Semtech
SMTC
$13B
$869K 0.01%
32,000
+300
+0.9% +$7.55K
LTM
893
DELISTED
LIFE TIME FITNESS INC
LTM
$863K 0.01%
17,100
-600
-3% -$27.5K
IMMR icon
894
Immersion
IMMR
$252M
$858K 0.01%
100,000
– –
CVG
895
DELISTED
Convergys
CVG
$855K 0.01%
48,000
+200
+0.4% +$3.89K
SAIC icon
896
Saic
SAIC
$5.35B
$849K 0.01%
19,185
– –
CIEN icon
897
Ciena
CIEN
$58.4B
$846K 0.01%
50,600
+1,100
+2% +$21.6K
OGS icon
898
ONE Gas
OGS
$5.04B
$845K 0.01%
24,657
+200
+0.8% +$7.32K
FICO icon
899
Fair Isaac
FICO
$22.5B
$843K 0.01%
15,300
-900
-6% -$53.1K
MLKN icon
900
MillerKnoll
MLKN
$1.67B
$843K 0.01%
28,230
+300
+1% +$9.01K
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 Q3 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.