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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
LPLA icon
951
LPL Financial
LPLA
$28.6B
– –
-20,000
Closed -$766K
PRGO icon
952
Perrigo
PRGO
$1.78B
– –
-38,314
Closed -$4.73M
QQQ icon
953
Invesco QQQ Trust
QQQ
$484B
– –
-30,000
Closed -$2.37M
RGS icon
954
Regis Corp
RGS
$70.2M
– –
-1,015
Closed -$298K
SCHL icon
955
Scholastic
SCHL
$792M
– –
-12,000
Closed -$344K
MODN
956
DELISTED
MODEL N, INC.
MODN
– –
-37,462
Closed -$371K
VMW
957
DELISTED
VMware, Inc
VMW
– –
-225,000
Closed -$18.2M
NUAN
958
DELISTED
Nuance Communications, Inc.
NUAN
– –
-542,850
Closed -$8.79M
CARB
959
DELISTED
Carbonite Inc
CARB
– –
-68,246
Closed -$1.02M
IMI
960
DELISTED
Intermolecular, Inc.
IMI
– –
-80,000
Closed -$441K
ARO
961
DELISTED
Aeropostale Inc
ARO
– –
-36,525
Closed -$343K
ACI
962
DELISTED
ARCH COAL, INC.
ACI
– –
-9,890
Closed -$406K
MKTG
963
DELISTED
RESPONSYS INC COM STK (CA)
MKTG
– –
-100,000
Closed -$1.65M
NVE
964
DELISTED
NV ENERGY, INC
NVE
– –
-109,764
Closed -$2.59M
MOLX
965
DELISTED
MOLEX INC
MOLX
– –
-55,836
Closed -$2.15M
NYX
966
DELISTED
NYSE EURONEXT INC
NYX
– –
-98,812
Closed -$4.15M
SKS
967
DELISTED
SAKS INCORPORATED
SKS
– –
-47,532
Closed -$758K
DELL
968
DELISTED
DELL INC
DELL
– –
-597,013
Closed -$8.22M
WMS
969
DELISTED
WMS INDS INC
WMS
– –
-25,600
Closed -$664K
MWW
970
DELISTED
Monster Worldwide Inc
MWW
– –
-52,700
Closed -$233K
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.