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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
+5.11%
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
$15.1B
AUM Growth
+$699M
Cap. Flow
+$129M
Cap. Flow %
0.86%
Top 10 Hldgs %
25.21%
Holding
970
New
21
Increased
542
Reduced
301
Closed
19

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$297M
2
USB icon
US Bancorp
USB
+$211M
3
VR
Validus Hold Ltd
VR
+$143M
4
CVS icon
CVS Health
CVS
+$134M
5
GSK icon
GSK
GSK
+$119M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$204M
2
WMT icon
Walmart Inc
WMT
+$191M
3
JNJ icon
Johnson & Johnson
JNJ
+$122M
4
IBM icon
IBM
IBM
+$115M
5
AZO icon
AutoZone
AZO
+$104M

Sector Composition

Rank Sector Weight
1 Financials 19.55%
2 Technology 13.02%
3 Healthcare 12.6%
4 Consumer Discretionary 9%
5 Industrials 8.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RLYP
951
DELISTED
RELYPSA INC COM
RLYP
$281K ﹤0.01%
+9,135
New +$217K
ADTN icon
952
Adtran
ADTN
$616M
– –
-26,000
Closed -$534K
CVEO icon
953
Civeo
CVEO
$318M
– –
-4,217
Closed -$587K
HYG icon
954
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
– –
-95,000
Closed -$8.73M
IMMR icon
955
Immersion
IMMR
$252M
– –
-100,000
Closed -$858K
PRLB icon
956
Protolabs
PRLB
$2.13B
– –
-49,000
Closed -$3.38M
RYAM icon
957
Rayonier Advanced Materials
RYAM
$610M
– –
-20,269
Closed -$667K
UVV icon
958
Universal Corp
UVV
$1.27B
– –
-10,850
Closed -$482K
DATA
959
DELISTED
Tableau Software, Inc.
DATA
– –
-13,019
Closed -$946K
NMBL
960
DELISTED
Nimble Storage, Inc.
NMBL
– –
-23,717
Closed -$616K
CPWR
961
DELISTED
COMPUWARE CORP
CPWR
– –
-108,680
Closed -$1.11M
CNVR
962
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
– –
-28,600
Closed -$980K
TIBX
963
DELISTED
TIBCO SOFTWARE INC
TIBX
– –
-72,300
Closed -$1.71M
CNQR
964
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
– –
-22,700
Closed -$2.88M
KMP
965
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
– –
-194,200
Closed -$18.1M
EPB
966
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
– –
-396,700
Closed -$15.9M
BYI
967
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
– –
-18,200
Closed -$1.47M
TWTC
968
DELISTED
TW TELECOM INC CL A COM
TWTC
– –
-65,500
Closed -$2.73M
URS
969
DELISTED
URS CORP
URS
– –
-32,800
Closed -$1.89M
GTAT
970
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
– –
-30,000
Closed -$325K
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 2014 Portfolio in Review

As of Q4 2014, State of Michigan Retirement System held 970 positions worth $15.1B, up 4.8% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2014: portfolio turnover was 4.1%. State of Michigan Retirement System opened 21 new positions and exited 19, leaving the 970-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q4 2014 buy was Validus Hold Ltd: 3,550,000 shares worth $148M.
  • State of Michigan Retirement System added most to Verizon in Q4 2014, an estimated $297M increase.
  • State of Michigan Retirement System's biggest Q4 2014 reduction was Goldman Sachs, cutting an estimated $204M.
  • State of Michigan Retirement System fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $15.1B portfolio in Q4 2014.
  • State of Michigan Retirement System opened 21 new positions and closed 19 in Q4 2014.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $15.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2014, filed 3 Feb 2015.