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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
HPQ icon
76
HP
HPQ
$27.5B
$31.8M 0.24%
2,503,546
-881
-0% -$10.1K
EPD icon
77
Enterprise Products Partners
EPD
$81.7B
$31.5M 0.24%
951,134
+48,400
+5% +$1.51M
UNP icon
78
Union Pacific
UNP
$174B
$31.5M 0.24%
374,456
-2,800
-0.7% -$222K
OXY icon
79
Occidental Petroleum
OXY
$55.9B
$31.2M 0.24%
342,087
-53,730
-14% -$4.91M
COF icon
80
Capital One
COF
$134B
$30.6M 0.23%
399,356
-3,700
-0.9% -$264K
UPS icon
81
United Parcel Service
UPS
$88.9B
$30.5M 0.23%
290,562
-63,300
-18% -$6.24M
WBA
82
DELISTED
Walgreens Boots Alliance
WBA
$30.4M 0.23%
529,717
+1,100
+0.2% +$64K
ACN icon
83
Accenture
ACN
$108B
$30.3M 0.23%
368,502
+106,200
+40% +$8.03M
BBWI icon
84
Bath & Body Works
BBWI
$4.1B
$30.3M 0.23%
604,992
– –
DUK icon
85
Duke Energy
DUK
$97.3B
$29.4M 0.22%
425,636
-100
-0% -$7K
PARA
86
DELISTED
Paramount Global Class B
PARA
$29M 0.22%
455,562
+47,000
+12% +$2.76M
APA icon
87
APA Corp
APA
$13.3B
$28.1M 0.21%
327,350
-1,900
-0.6% -$169K
TFCFA
88
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$28.1M 0.21%
797,777
-10,100
-1% -$341K
BIIB icon
89
Biogen
BIIB
$30.7B
$26.9M 0.21%
96,001
-700
-0.7% -$181K
VIAB
90
DELISTED
Viacom Inc. Class B
VIAB
$26.5M 0.2%
303,604
+33,300
+12% +$2.75M
GD icon
91
General Dynamics
GD
$106B
$26.3M 0.2%
275,611
+29,400
+12% +$2.63M
LYB icon
92
LyondellBasell Industries
LYB
$19.2B
$25.9M 0.2%
322,332
+15,000
+5% +$1.15M
RTN
93
DELISTED
Raytheon Company
RTN
$25.7M 0.2%
283,816
+29,400
+12% +$2.45M
GSK icon
94
GSK
GSK
$106B
$25.7M 0.2%
385,600
– –
BKNG icon
95
Booking.com
BKNG
$161B
$25.5M 0.19%
548,025
-5,000
-0.9% -$222K
LLY icon
96
Eli Lilly
LLY
$1.06T
$25.4M 0.19%
497,602
-200
-0% -$10K
MDLZ icon
97
Mondelez International
MDLZ
$79.9B
$25.2M 0.19%
713,008
-11,300
-2% -$376K
MON
98
DELISTED
Monsanto Co
MON
$24.9M 0.19%
213,735
-3,100
-1% -$339K
DE icon
99
Deere & Co
DE
$168B
$24.9M 0.19%
272,462
-100
-0% -$8.46K
F icon
100
Ford
F
$55.7B
$24.7M 0.19%
1,603,538
+1,000
+0.1% +$16.8K
2 3
4
5 6

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.