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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
+2.53%
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
$13.3B
AUM Growth
+$227M
Cap. Flow
-$30.1M
Cap. Flow %
-0.23%
Top 10 Hldgs %
23.07%
Holding
967
New
19
Increased
585
Reduced
284
Closed
14

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$181M
2
PEP icon
PepsiCo
PEP
+$104M
3
BBWI icon
Bath & Body Works
BBWI
+$89.2M
4
AZO icon
AutoZone
AZO
+$66.8M
5
UNP icon
Union Pacific
UNP
+$66.1M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$239M
2
K
Kellanova
K
+$126M
3
JNJ icon
Johnson & Johnson
JNJ
+$112M
4
TJX icon
TJX Companies
TJX
+$57.5M
5
WFC icon
Wells Fargo
WFC
+$41.9M

Sector Composition

Rank Sector Weight
1 Financials 16.93%
2 Healthcare 13.1%
3 Technology 12.32%
4 Consumer Discretionary 9.95%
5 Consumer Staples 9.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
76
Mastercard
MA
$493B
$31.1M 0.23%
416,500
-4,700
-1% -$367K
TJX icon
77
TJX Companies
TJX
$178B
$31M 0.23%
1,023,572
-1,899,600
-65% -$57.5M
OXY icon
78
Occidental Petroleum
OXY
$55.9B
$30.9M 0.23%
338,538
-3,549
-1% -$317K
COF icon
79
Capital One
COF
$134B
$30.8M 0.23%
398,756
-600
-0.2% -$44K
DUK icon
80
Duke Energy
DUK
$97.3B
$30.4M 0.23%
426,936
+1,300
+0.3% +$90.6K
DD icon
81
DuPont de Nemours
DD
$19.2B
$30M 0.23%
243,752
-86,992
-26% -$10.3M
GD icon
82
General Dynamics
GD
$106B
$29.7M 0.22%
272,311
-3,300
-1% -$342K
BIIB icon
83
Biogen
BIIB
$30.7B
$29.5M 0.22%
96,501
+500
+0.5% +$159K
ACN icon
84
Accenture
ACN
$108B
$29.5M 0.22%
370,102
+1,600
+0.4% +$131K
LLY icon
85
Eli Lilly
LLY
$1.06T
$29.2M 0.22%
496,702
-900
-0.2% -$50.2K
LYB icon
86
LyondellBasell Industries
LYB
$19.2B
$28.5M 0.21%
320,932
-1,400
-0.4% -$118K
UPS icon
87
United Parcel Service
UPS
$88.9B
$28.2M 0.21%
290,062
-500
-0.2% -$48.7K
PARA
88
DELISTED
Paramount Global Class B
PARA
$28.1M 0.21%
453,962
-1,600
-0.4% -$101K
RTN
89
DELISTED
Raytheon Company
RTN
$27.9M 0.21%
282,316
-1,500
-0.5% -$142K
MS icon
90
Morgan Stanley
MS
$340B
$27.2M 0.2%
872,555
-587,700
-40% -$18.2M
APA icon
91
APA Corp
APA
$13.2B
$27.1M 0.2%
326,150
-1,200
-0.4% -$98.4K
INTU icon
92
Intuit
INTU
$89B
$26.9M 0.2%
345,668
-165,100
-32% -$12.6M
EBAY icon
93
eBay
EBAY
$49.8B
$26.3M 0.2%
1,129,992
-881,734
-44% -$20.5M
CAT icon
94
Caterpillar
CAT
$387B
$25.9M 0.19%
260,354
+1,700
+0.7% +$160K
NOC icon
95
Northrop Grumman
NOC
$81.2B
$25.8M 0.19%
209,489
-1,800
-0.9% -$213K
VIAB
96
DELISTED
Viacom Inc. Class B
VIAB
$25.6M 0.19%
301,204
-2,400
-0.8% -$204K
BKNG icon
97
Booking.com
BKNG
$161B
$25.4M 0.19%
533,025
-15,000
-3% -$740K
TFCFA
98
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$25.3M 0.19%
792,177
-5,600
-0.7% -$183K
AET
99
DELISTED
Aetna Inc
AET
$25.2M 0.19%
335,782
-1,300
-0.4% -$92K
MDT icon
100
Medtronic
MDT
$112B
$25.1M 0.19%
408,444
+2,600
+0.6% +$151K
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 Q1 2014 Portfolio in Review

As of Q1 2014, State of Michigan Retirement System held 967 positions worth $13.3B, up 1.7% from $13.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2014: portfolio turnover was 3.4%. State of Michigan Retirement System opened 19 new positions and exited 14, leaving the 967-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q1 2014 buy was Aeropostale Inc: 3,396,000 shares worth $17M.
  • State of Michigan Retirement System added most to Walmart Inc in Q1 2014, an estimated $181M increase.
  • State of Michigan Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $239M.
  • State of Michigan Retirement System fully exited Bunge Global in Q1 2014, selling an estimated $11.1M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $13.3B portfolio in Q1 2014.
  • State of Michigan Retirement System opened 19 new positions and closed 14 in Q1 2014.
  • State of Michigan Retirement System's portfolio value rose 1.7% quarter-over-quarter to $13.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2014, filed 6 May 2014.