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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
COP icon
76
ConocoPhillips
COP
$141B
$35M 0.23%
507,015
+2,900
+0.6% +$202K
MA icon
77
Mastercard
MA
$493B
$34.8M 0.23%
403,600
+100
+0% +$8.16K
KRFT
78
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$34.6M 0.23%
552,702
+23,900
+5% +$1.4M
AXP icon
79
American Express
AXP
$230B
$34.1M 0.23%
366,511
-2,500
-0.7% -$224K
F icon
80
Ford
F
$55.7B
$33.7M 0.22%
2,173,338
-4,700
-0.2% -$69.3K
RTN
81
DELISTED
Raytheon Company
RTN
$33.6M 0.22%
310,416
+48,500
+19% +$5.01M
SBUX icon
82
Starbucks
SBUX
$120B
$33.1M 0.22%
806,564
+190,600
+31% +$7.44M
BIIB icon
83
Biogen
BIIB
$30.7B
$33M 0.22%
97,301
+500
+0.5% +$162K
GD icon
84
General Dynamics
GD
$106B
$32.9M 0.22%
239,211
+7,700
+3% +$1.05M
UPS icon
85
United Parcel Service
UPS
$88.9B
$31.9M 0.21%
287,162
-1,200
-0.4% -$127K
LH icon
86
Labcorp
LH
$25.9B
$31.5M 0.21%
339,903
+299,381
+739% +$26.4M
DGX icon
87
Quest Diagnostics
DGX
$26.3B
$31.4M 0.21%
467,883
+109,300
+30% +$6.9M
DVA icon
88
DaVita
DVA
$11.7B
$29.6M 0.2%
390,262
+319,800
+454% +$24.1M
TWX
89
DELISTED
Time Warner Inc
TWX
$29.5M 0.2%
345,403
-144,500
-29% -$11.5M
TFCFA
90
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$29.3M 0.19%
763,777
-8,400
-1% -$297K
MDT icon
91
Medtronic
MDT
$112B
$29.3M 0.19%
405,444
+3,900
+1% +$271K
GNW icon
92
Genworth Financial
GNW
$3.71B
$29M 0.19%
3,413,544
+900
+0% +$9.45K
ABT icon
93
Abbott
ABT
$187B
$28.9M 0.19%
642,988
-48,475
-7% -$2.11M
ETN icon
94
Eaton
ETN
$174B
$28.6M 0.19%
421,496
+47,400
+13% +$3.13M
AGN
95
DELISTED
Allergan plc
AGN
$28.1M 0.19%
109,160
+800
+0.7% +$200K
LLY icon
96
Eli Lilly
LLY
$1.06T
$27.8M 0.18%
403,602
+500
+0.1% +$33.8K
NKE icon
97
Nike
NKE
$61.9B
$27.6M 0.18%
574,864
-1,800
-0.3% -$84.4K
LOW icon
98
Lowe's Companies
LOW
$125B
$27.6M 0.18%
400,795
-3,900
-1% -$233K
DD icon
99
DuPont de Nemours
DD
$19.2B
$27.3M 0.18%
236,289
+6,792
+3% +$828K
APEI icon
100
American Public Education
APEI
$940M
$26.7M 0.18%
725,000
– –
2 3
4
5 6

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.