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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
EQY
926
DELISTED
Equity One
EQY
$664K 0.01%
29,600
+100
+0.3% +$2.28K
ADVS
927
DELISTED
Advent Software Inc
ADVS
$661K 0.01%
18,900
-300
-2% -$10.1K
IDTI
928
DELISTED
Integrated Device Technology I
IDTI
$657K 0.01%
64,520
+1,000
+2% +$9.95K
BOBE
929
DELISTED
Bob Evans Farms, Inc.
BOBE
$646K ﹤0.01%
12,776
+100
+0.8% +$5.47K
SAIC icon
930
Saic
SAIC
$5.35B
$644K ﹤0.01%
+19,485
New +$677K
VCI
931
DELISTED
VALASSIS COMMUNICATIONS INC
VCI
$616K ﹤0.01%
18,000
+400
+2% +$11.8K
BBG
932
DELISTED
Bill Barrett Corp
BBG
$613K ﹤0.01%
22,900
+200
+0.9% +$5.44K
GVA icon
933
Granite Construction
GVA
$5.62B
$593K ﹤0.01%
16,945
+200
+1% +$6.29K
UVV icon
934
Universal Corp
UVV
$1.27B
$592K ﹤0.01%
10,850
– –
MDC
935
DELISTED
M.D.C. Holdings, Inc.
MDC
$590K ﹤0.01%
25,416
+139
+0.5% +$2.95K
IDCC icon
936
InterDigital
IDCC
$8.89B
$569K ﹤0.01%
19,300
+100
+0.5% +$3.39K
WLY icon
937
John Wiley & Sons Class A
WLY
$2.66B
$546K ﹤0.01%
9,900
-11,400
-54% -$576K
MATW icon
938
Matthews International
MATW
$739M
$545K ﹤0.01%
12,800
– –
AF
939
DELISTED
Astoria Financial Corporation
AF
$544K ﹤0.01%
39,350
+400
+1% +$5.35K
WERN icon
940
Werner Enterprises
WERN
$2.25B
$529K ﹤0.01%
21,375
– –
MATX icon
941
Matsons
MATX
$6.18B
$523K ﹤0.01%
20,020
+100
+0.5% +$2.57K
ISCA
942
DELISTED
International Speedway Corp
ISCA
$463K ﹤0.01%
13,050
+100
+0.8% +$3.35K
JOSB
943
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
$438K ﹤0.01%
8,000
-136,651
-94% -$7M
IPI icon
944
Intrepid Potash
IPI
$469M
$410K ﹤0.01%
2,590
– –
LNW
945
DELISTED
Light & Wonder
LNW
$384K ﹤0.01%
22,700
+100
+0.4% +$1.76K
IMMR icon
946
Immersion
IMMR
$252M
$343K ﹤0.01%
33,000
-30,000
-48% -$368K
DCM
947
DELISTED
NTT DOCOMO, Inc.
DCM
$338K ﹤0.01%
20,500
– –
TR icon
948
Tootsie Roll Industries
TR
$2.98B
$309K ﹤0.01%
13,947
+147
+1% +$3.19K
AMBA icon
949
Ambarella
AMBA
$3.81B
– –
-16,000
Closed -$312K
GMED icon
950
Globus Medical
GMED
$11.2B
– –
-550,000
Closed -$9.6M
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.