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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
(+0.8%)
Cap. Flow
+$29.4M
Cap. Flow
% of AUM
0.2%
Top 10 Holdings %
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$286M |
| 2 |
Everest Group
EG
|
+$209M |
| 3 |
US Bancorp
USB
|
+$113M |
| 4 |
Goldman Sachs
GS
|
+$95.1M |
| 5 |
Exelon
EXC
|
+$71.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$333M |
| 2 |
PepsiCo
PEP
|
+$214M |
| 3 |
Bank of America
BAC
|
+$107M |
| 4 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$72.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
CRH
CRH
$66.8B
| – | – |
-174,100
| Closed | -$4.5M |
|
952
iShares Russell 2000 ETF
IWM
$83B
| – | – |
-136,000
| Closed | -$16.2M |
|
953
Invesco QQQ Trust
QQQ
$484B
| – | – |
-40,000
| Closed | -$3.76M |
|
954
Teva Pharmaceuticals
TEVA
$41.2B
| – | – |
-605,097
| Closed | -$31.7M |
|
955
Westamerica Bancorp
WABC
$1.37B
| – | – |
-12,430
| Closed | -$650K |
|
|
ISEE
956
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| – | – |
-82,046
| Closed | -$3.47M |
|
|
BBG
957
DELISTED
Bill Barrett Corp
BBG
| – | – |
-22,900
| Closed | -$613K |
|
|
YUME
958
DELISTED
YuMe, Inc.
YUME
| – | – |
-25,700
| Closed | -$152K |
|
|
MCRS
959
DELISTED
MICROS SYSTEMS INC
MCRS
| – | – |
-35,300
| Closed | -$2.4M |
|
|
HSH
960
DELISTED
HILLSHIRE BRANDS CO
HSH
| – | – |
-57,805
| Closed | -$3.6M |
|
|
FRX
961
DELISTED
FOREST LABORATORIES INC
FRX
| – | – |
-98,280
| Closed | -$9.73M |
|
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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.