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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NYT icon
926
New York Times
NYT
$10.2B
$696K ﹤0.01%
62,000
+2,500
+4% +$32.3K
CY
927
DELISTED
Cypress Semiconductor
CY
$686K ﹤0.01%
69,500
+2,700
+4% +$28.4K
IBOC icon
928
International Bancshares
IBOC
$4.57B
$681K ﹤0.01%
27,600
+800
+3% +$20.9K
FCN icon
929
FTI Consulting
FCN
$4.18B
$678K ﹤0.01%
19,400
+600
+3% +$22.1K
RYAM icon
930
Rayonier Advanced Materials
RYAM
$610M
$667K ﹤0.01%
+20,269
New +$711K
GES
931
DELISTED
Guess Inc
GES
$666K ﹤0.01%
30,300
+2,200
+8% +$55.4K
ADVS
932
DELISTED
Advent Software Inc
ADVS
$663K ﹤0.01%
21,000
+1,900
+10% +$61.1K
NSR
933
DELISTED
Neustar Inc
NSR
$662K ﹤0.01%
26,660
-1,700
-6% -$46.9K
KBH icon
934
KB Home
KBH
$3.59B
$645K ﹤0.01%
43,200
+1,300
+3% +$22.3K
NMBL
935
DELISTED
Nimble Storage, Inc.
NMBL
$616K ﹤0.01%
23,717
-2,118
-8% -$57.6K
RAMP icon
936
LiveRamp
RAMP
$2.3B
$606K ﹤0.01%
36,600
+600
+2% +$11.3K
DF
937
DELISTED
Dean Foods Company
DF
$589K ﹤0.01%
44,450
+400
+0.9% +$6.36K
CVEO icon
938
Civeo
CVEO
$318M
$587K ﹤0.01%
4,217
+50
+1% +$15K
CRR
939
DELISTED
Carbo Ceramics Inc.
CRR
$551K ﹤0.01%
9,300
-100
-1% -$11.4K
GVA icon
940
Granite Construction
GVA
$5.62B
$542K ﹤0.01%
17,045
– –
ADTN icon
941
Adtran
ADTN
$616M
$534K ﹤0.01%
26,000
-600
-2% -$13.4K
WERN icon
942
Werner Enterprises
WERN
$2.25B
$534K ﹤0.01%
21,175
-300
-1% -$7.59K
AF
943
DELISTED
Astoria Financial Corporation
AF
$488K ﹤0.01%
39,400
+50
+0.1% +$652
UVV icon
944
Universal Corp
UVV
$1.27B
$482K ﹤0.01%
10,850
– –
MDC
945
DELISTED
M.D.C. Holdings, Inc.
MDC
$468K ﹤0.01%
25,693
+277
+1% +$5.61K
ISCA
946
DELISTED
International Speedway Corp
ISCA
$419K ﹤0.01%
13,250
+100
+0.8% +$3.22K
DCM
947
DELISTED
NTT DOCOMO, Inc.
DCM
$343K ﹤0.01%
20,500
– –
GTAT
948
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
$325K ﹤0.01%
30,000
-150,000
-83% -$2.29M
TR icon
949
Tootsie Roll Industries
TR
$2.98B
$265K ﹤0.01%
13,518
-427
-3% -$8.38K
AGIO icon
950
Agios Pharmaceuticals
AGIO
$1.93B
– –
-237,802
Closed -$10.9M
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 Q3 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.