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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
+4.79%
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
$14.3B
AUM Growth
+$982M
Cap. Flow
+$385M
Cap. Flow %
2.69%
Top 10 Hldgs %
24.77%
Holding
977
New
24
Increased
537
Reduced
261
Closed
26

Top Buys

Rank Stock Value
1
USB icon
US Bancorp
USB
+$240M
2
WMT icon
Walmart Inc
WMT
+$238M
3
BAC icon
Bank of America
BAC
+$94.2M
4
GS icon
Goldman Sachs
GS
+$80.1M
5
HON icon
Honeywell
HON
+$20.4M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$128M
2
BBWI icon
Bath & Body Works
BBWI
+$90.3M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$54.7M
4
AIG icon
American International
AIG
+$53.5M
5
ABT icon
Abbott
ABT
+$45.5M

Sector Composition

Rank Sector Weight
1 Financials 18.02%
2 Technology 12.36%
3 Healthcare 11.76%
4 Consumer Staples 10.68%
5 Industrials 9.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISIL
901
DELISTED
Intersil Corp
ISIL
$907K 0.01%
60,700
+600
+1% +$8.17K
AEO icon
902
American Eagle Outfitters
AEO
$3.01B
$905K 0.01%
80,675
+800
+1% +$9.09K
NYT icon
903
New York Times
NYT
$10.2B
$905K 0.01%
59,500
+300
+0.5% +$4.68K
VRE
904
DELISTED
Veris Residential
VRE
$898K 0.01%
41,800
+100
+0.2% +$2.11K
CATY icon
905
Cathay General Bancorp
CATY
$4.24B
$892K 0.01%
34,900
+100
+0.3% +$2.46K
JNS
906
DELISTED
Janus Capital Group Inc
JNS
$884K 0.01%
70,800
-300
-0.4% -$3.53K
KMPR icon
907
Kemper
KMPR
$1.68B
$883K 0.01%
23,950
-100
-0.4% -$3.7K
MZTI
908
The Marzetti Company
MZTI
$3.11B
$868K 0.01%
9,120
– –
LTM
909
DELISTED
LIFE TIME FITNESS INC
LTM
$863K 0.01%
17,700
-500
-3% -$24.6K
MSA icon
910
Mine Safety
MSA
$7.49B
$862K 0.01%
15,000
+100
+0.7% +$5.48K
SAIC icon
911
Saic
SAIC
$5.35B
$847K 0.01%
19,185
-400
-2% -$15.8K
MLKN icon
912
MillerKnoll
MLKN
$1.67B
$845K 0.01%
27,930
+100
+0.4% +$3.1K
MDP
913
DELISTED
Meredith Corporation
MDP
$841K 0.01%
17,400
-100
-0.6% -$4.55K
HMSY
914
DELISTED
HMS Holdings Corp.
HMSY
$841K 0.01%
41,200
– –
ALEX
915
DELISTED
Alexander & Baldwin
ALEX
$838K 0.01%
20,220
+100
+0.5% +$3.94K
SMTC icon
916
Semtech
SMTC
$13B
$829K 0.01%
31,700
-600
-2% -$15.1K
HNI icon
917
HNI Corp
HNI
$3.59B
$827K 0.01%
21,140
– –
PLCM
918
DELISTED
POLYCOM INC
PLCM
$810K 0.01%
64,622
+211
+0.3% +$2.68K
MCY icon
919
Mercury Insurance
MCY
$6.07B
$804K 0.01%
17,100
– –
NMBL
920
DELISTED
Nimble Storage, Inc.
NMBL
$794K 0.01%
+25,835
New +$725K
DWA
921
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$789K 0.01%
33,900
+100
+0.3% +$2.61K
PCH
922
DELISTED
PotlatchDeltic
PCH
$788K 0.01%
19,041
– –
GEF icon
923
Greif
GEF
$5.04B
$786K 0.01%
14,400
– –
KBH icon
924
KB Home
KBH
$3.59B
$783K 0.01%
41,900
– –
TRMK icon
925
Trustmark
TRMK
$2.75B
$783K 0.01%
31,700
– –
35 36
37
38 39

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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 Q2 2014 Portfolio in Review

As of Q2 2014, State of Michigan Retirement System held 977 positions worth $14.3B, up 7.4% from $13.3B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System's Q2 2014 filing shows 24 new, 537 increased, 261 reduced and 26 closed positions. Its largest new stake was iShares Russell 2000 ETF: 136,000 shares worth $16.2M. The largest sale was Exelon, an estimated $128M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2014 buy was iShares Russell 2000 ETF: 136,000 shares worth $16.2M.
  • State of Michigan Retirement System added most to US Bancorp in Q2 2014, an estimated $240M increase.
  • State of Michigan Retirement System's biggest Q2 2014 reduction was Exelon, cutting an estimated $128M.
  • State of Michigan Retirement System fully exited Becton Dickinson in Q2 2014, selling an estimated $8.76M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $14.3B portfolio in Q2 2014.
  • State of Michigan Retirement System opened 24 new positions and closed 26 in Q2 2014.
  • State of Michigan Retirement System's portfolio value rose 7.4% quarter-over-quarter to $14.3B.

Based on State of Michigan Retirement System's 13F filing for Q2 2014, filed 6 Aug 2014.