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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
MZTI
901
The Marzetti Company
MZTI
$3.11B
$795K 0.01%
9,020
– –
FCS
902
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$794K 0.01%
59,500
– –
PCH
903
DELISTED
PotlatchDeltic
PCH
$791K 0.01%
18,941
+100
+0.5% +$4.05K
ANN
904
DELISTED
ANN INC
ANN
$786K 0.01%
21,500
+100
+0.5% +$3.54K
FCN icon
905
FTI Consulting
FCN
$4.18B
$773K 0.01%
18,800
-200
-1% -$8.33K
BCO icon
906
Brink's
BCO
$4.62B
$770K 0.01%
22,560
+100
+0.4% +$3.14K
DF
907
DELISTED
Dean Foods Company
DF
$759K 0.01%
44,150
+400
+0.9% +$7.28K
ITRI icon
908
Itron
ITRI
$4.54B
$758K 0.01%
18,300
+100
+0.5% +$4.24K
MSA icon
909
Mine Safety
MSA
$7.49B
$758K 0.01%
14,800
+100
+0.7% +$4.98K
POST icon
910
Post Holdings
POST
$3.57B
$754K 0.01%
23,378
+152
+0.7% +$4.47K
PLCM
911
DELISTED
POLYCOM INC
PLCM
$751K 0.01%
66,911
-12,089
-15% -$130K
UTIW
912
DELISTED
UTI WORLDWIDE INC
UTIW
$750K 0.01%
42,700
+200
+0.5% +$3.15K
GEF icon
913
Greif
GEF
$5.04B
$749K 0.01%
14,300
+100
+0.7% +$5.25K
ADTN icon
914
Adtran
ADTN
$616M
$729K 0.01%
27,000
-100
-0.4% -$2.52K
KBH icon
915
KB Home
KBH
$3.59B
$709K 0.01%
38,800
+100
+0.3% +$1.72K
GHL
916
DELISTED
Greenhill & Co., Inc.
GHL
$707K 0.01%
12,200
– –
IBOC icon
917
International Bancshares
IBOC
$4.57B
$705K 0.01%
26,700
+100
+0.4% +$2.43K
MASI
918
DELISTED
Masimo
MASI
$704K 0.01%
24,100
+200
+0.8% +$5.6K
WABC icon
919
Westamerica Bancorp
WABC
$1.37B
$702K 0.01%
12,430
– –
CNVR
920
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
$687K 0.01%
29,400
-3,100
-10% -$65K
ISIL
921
DELISTED
Intersil Corp
ISIL
$686K 0.01%
59,800
+500
+0.8% +$5.44K
BGC
922
DELISTED
General Cable Corporation
BGC
$685K 0.01%
23,300
+100
+0.4% +$3.03K
CY
923
DELISTED
Cypress Semiconductor
CY
$684K 0.01%
65,100
+1,100
+2% +$10.4K
RFMD
924
DELISTED
RF MICRO DEVICES INC
RFMD
$682K 0.01%
132,200
+1,100
+0.8% +$5.9K
SVU
925
DELISTED
SUPERVALU Inc.
SVU
$673K 0.01%
13,186
+115
+0.9% +$5.67K
35 36
37
38 39

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.