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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
VLY icon
876
Valley National Bancorp
VLY
$8.04B
$1.02M 0.01%
104,614
+14,200
+16% +$138K
HLX icon
877
Helix Energy Solutions
HLX
$1.41B
$1.01M 0.01%
46,700
+100
+0.2% +$2.38K
CY
878
DELISTED
Cypress Semiconductor
CY
$1.01M 0.01%
70,600
+1,100
+2% +$12.1K
ROL icon
879
Rollins
ROL
$18.2B
$1.01M 0.01%
102,688
– –
AVNS
880
DELISTED
Avanos Medical
AVNS
$1.01M 0.01%
+22,120
New +$869K
BTU
881
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$1M 0.01%
8,613
+26
+0.3% +$3.88K
CIEN icon
882
Ciena
CIEN
$58.4B
$984K 0.01%
50,700
+100
+0.2% +$1.67K
MCY icon
883
Mercury Insurance
MCY
$6.07B
$980K 0.01%
17,300
+100
+0.6% +$5.35K
CVG
884
DELISTED
Convergys
CVG
$974K 0.01%
47,800
-200
-0.4% -$3.97K
LTM
885
DELISTED
LIFE TIME FITNESS INC
LTM
$968K 0.01%
17,100
– –
SAIC icon
886
Saic
SAIC
$5.35B
$955K 0.01%
19,285
+100
+0.5% +$4.88K
KN icon
887
Knowles
KN
$3.34B
$954K 0.01%
40,511
+200
+0.5% +$4.14K
FCS
888
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$954K 0.01%
56,500
-500
-0.9% -$7.79K
SVU
889
DELISTED
SUPERVALU Inc.
SVU
$953K 0.01%
14,029
+72
+0.5% +$4.49K
MDP
890
DELISTED
Meredith Corporation
MDP
$940K 0.01%
17,300
– –
JCP
891
DELISTED
J.C. Penney Company, Inc.
JCP
$940K 0.01%
145,040
+400
+0.3% +$2.94K
AAN.A
892
DELISTED
The Aaron's Company Inc Class A
AAN.A
$938K 0.01%
30,700
+200
+0.7% +$6.11K
IDCC icon
893
InterDigital
IDCC
$8.89B
$936K 0.01%
17,700
-1,500
-8% -$72.3K
EQY
894
DELISTED
Equity One
EQY
$926K 0.01%
36,500
+100
+0.3% +$2.39K
CADE
895
DELISTED
Cadence Bank
CADE
$916K 0.01%
40,700
+100
+0.2% +$2.17K
CMC icon
896
Commercial Metals
CMC
$8.31B
$915K 0.01%
56,200
+300
+0.5% +$4.86K
UPBD icon
897
Upbound Group
UPBD
$1.16B
$915K 0.01%
25,200
+100
+0.4% +$3.22K
VSH icon
898
Vishay Intertechnology
VSH
$5.43B
$913K 0.01%
64,552
+200
+0.3% +$2.74K
CATY icon
899
Cathay General Bancorp
CATY
$4.24B
$903K 0.01%
35,300
+100
+0.3% +$2.54K
SLAB icon
900
Silicon Laboratories
SLAB
$7.23B
$895K 0.01%
18,800
-400
-2% -$17.7K
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 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.