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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
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
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
BIIB icon
76
Biogen
BIIB
$30.7B
$32M 0.22%
96,801
-400
-0.4% -$132K
MDVN
77
DELISTED
MEDIVATION, INC.
MDVN
$31.9M 0.22%
646,200
+100,000
+18% +$4.25M
NOV icon
78
NOV
NOV
$7B
$31.8M 0.22%
417,210
+600
+0.1% +$49.6K
OXY icon
79
Occidental Petroleum
OXY
$55.9B
$30.7M 0.21%
333,632
-207,294
-38% -$19.9M
DD icon
80
DuPont de Nemours
DD
$19.2B
$30.5M 0.21%
229,497
-13,110
-5% -$1.75M
APA icon
81
APA Corp
APA
$13.2B
$30.2M 0.21%
321,750
-1,300
-0.4% -$129K
FSLR icon
82
First Solar
FSLR
$26.9B
$30.1M 0.21%
457,806
+1,700
+0.4% +$115K
MA icon
83
Mastercard
MA
$493B
$29.8M 0.21%
403,500
-8,200
-2% -$625K
KRFT
84
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$29.8M 0.21%
528,802
+67,000
+15% +$3.87M
GD icon
85
General Dynamics
GD
$106B
$29.4M 0.2%
231,511
-71,500
-24% -$8.68M
ABT icon
86
Abbott
ABT
$187B
$28.8M 0.2%
691,463
-629,148
-48% -$26.6M
WBA
87
DELISTED
Walgreens Boots Alliance
WBA
$28.6M 0.2%
482,017
+1,100
+0.2% +$72.1K
UPS icon
88
United Parcel Service
UPS
$88.9B
$28.3M 0.2%
288,362
-500
-0.2% -$49.7K
DTV
89
DELISTED
DIRECTV COM STK (DE)
DTV
$27.9M 0.19%
322,008
+130,000
+68% +$11.2M
PSO icon
90
Pearson
PSO
$9.9B
$27.7M 0.19%
1,385,200
-1,700
-0.1% -$32.4K
DE icon
91
Deere & Co
DE
$168B
$27.5M 0.19%
335,762
+186,700
+125% +$16M
TFM
92
DELISTED
THE FRESH MARKET, INC COM STK
TFM
$27.2M 0.19%
780,000
+280,000
+56% +$9.1M
RTN
93
DELISTED
Raytheon Company
RTN
$26.6M 0.18%
261,916
-68,000
-21% -$6.52M
TFCFA
94
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$26.5M 0.18%
772,177
-12,400
-2% -$429K
EBAY icon
95
eBay
EBAY
$49.8B
$26.2M 0.18%
1,100,292
-10,217
-0.9% -$227K
AGN
96
DELISTED
Allergan plc
AGN
$26.1M 0.18%
108,360
+36,890
+52% +$8.26M
LLY icon
97
Eli Lilly
LLY
$1.06T
$26.1M 0.18%
403,102
-600
-0.1% -$38K
IJH icon
98
iShares Core S&P Mid-Cap ETF
IJH
$127B
$26M 0.18%
952,500
+268,000
+39% +$7.55M
NKE icon
99
Nike
NKE
$61.9B
$25.7M 0.18%
576,664
-27,800
-5% -$1.1M
CAT icon
100
Caterpillar
CAT
$387B
$25.5M 0.18%
257,354
+1,600
+0.6% +$170K
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 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.