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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
RAMP icon
926
LiveRamp
RAMP
$2.3B
$781K 0.01%
36,000
– –
DF
927
DELISTED
Dean Foods Company
DF
$775K 0.01%
44,050
-100
-0.2% -$1.64K
SVU
928
DELISTED
SUPERVALU Inc.
SVU
$766K 0.01%
13,314
+43
+0.3% +$2.22K
GES
929
DELISTED
Guess Inc
GES
$759K 0.01%
28,100
+100
+0.4% +$2.71K
CNVR
930
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
$754K 0.01%
29,700
-100
-0.3% -$2.5K
C.WS.A
931
DELISTED
Citigroup Inc
C.WS.A
$750K 0.01%
+1,230,350
New +$781K
ITRI icon
932
Itron
ITRI
$4.54B
$742K 0.01%
18,300
– –
NSR
933
DELISTED
Neustar Inc
NSR
$738K 0.01%
28,360
-400
-1% -$10.9K
CY
934
DELISTED
Cypress Semiconductor
CY
$729K 0.01%
66,800
– –
IBOC icon
935
International Bancshares
IBOC
$4.57B
$724K 0.01%
26,800
-100
-0.4% -$2.44K
FCN icon
936
FTI Consulting
FCN
$4.18B
$711K 0.01%
18,800
– –
UPBD icon
937
Upbound Group
UPBD
$1.16B
$711K 0.01%
24,800
– –
EQY
938
DELISTED
Equity One
EQY
$703K ﹤0.01%
29,800
– –
WABC icon
939
Westamerica Bancorp
WABC
$1.37B
$650K ﹤0.01%
12,430
– –
ADVS
940
DELISTED
Advent Software Inc
ADVS
$622K ﹤0.01%
19,100
– –
GVA icon
941
Granite Construction
GVA
$5.62B
$613K ﹤0.01%
17,045
– –
BBG
942
DELISTED
Bill Barrett Corp
BBG
$613K ﹤0.01%
22,900
– –
UVV icon
943
Universal Corp
UVV
$1.27B
$601K ﹤0.01%
10,850
– –
ADTN icon
944
Adtran
ADTN
$616M
$600K ﹤0.01%
26,600
-100
-0.4% -$2.26K
WERN icon
945
Werner Enterprises
WERN
$2.25B
$569K ﹤0.01%
21,475
-100
-0.5% -$2.59K
MDC
946
DELISTED
M.D.C. Holdings, Inc.
MDC
$554K ﹤0.01%
25,416
– –
AF
947
DELISTED
Astoria Financial Corporation
AF
$529K ﹤0.01%
39,350
– –
ISCA
948
DELISTED
International Speedway Corp
ISCA
$438K ﹤0.01%
13,150
– –
DCM
949
DELISTED
NTT DOCOMO, Inc.
DCM
$350K ﹤0.01%
20,500
– –
TR icon
950
Tootsie Roll Industries
TR
$2.98B
$288K ﹤0.01%
13,945
-2
-0% -$40
36 37
38
39 40

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 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.