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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
+5.75%
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
$11.4B
AUM Growth
+$521M
Cap. Flow
-$6.83M
Cap. Flow %
-0.06%
Top 10 Hldgs %
22.32%
Holding
968
New
21
Increased
597
Reduced
269
Closed
15

Top Buys

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$51.3M
2
EXC icon
Exelon
EXC
+$47.7M
3
GILD icon
Gilead Sciences
GILD
+$40.9M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$37.9M
5
K
Kellanova
K
+$34.1M

Top Sells

Rank Stock Value
1
GIS icon
General Mills
GIS
+$81.9M
2
APOL
Apollo Education Group Inc Class A
APOL
+$69.1M
3
CME icon
CME Group
CME
+$68.5M
4
UNH icon
UnitedHealth
UNH
+$58.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$57.3M

Sector Composition

Rank Sector Weight
1 Financials 17.01%
2 Healthcare 14.58%
3 Technology 12.56%
4 Consumer Staples 9.82%
5 Industrials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DE icon
101
Deere & Co
DE
$168B
$22.2M 0.19%
272,562
+115,000
+73% +$9.58M
NKE icon
102
Nike
NKE
$61.9B
$22.1M 0.19%
608,464
+20,400
+3% +$666K
EMC
103
DELISTED
EMC CORPORATION
EMC
$21.6M 0.19%
846,354
-6,900
-0.8% -$179K
MDT icon
104
Medtronic
MDT
$112B
$21.6M 0.19%
405,744
-160,800
-28% -$8.65M
MCK icon
105
McKesson
MCK
$101B
$21.6M 0.19%
168,353
+76,300
+83% +$9.37M
KMI icon
106
Kinder Morgan
KMI
$68.7B
$21.6M 0.19%
606,874
+17,300
+3% +$649K
CAT icon
107
Caterpillar
CAT
$387B
$21.6M 0.19%
258,754
-8,300
-3% -$702K
PNC icon
108
PNC Financial Services
PNC
$101B
$21.6M 0.19%
297,492
+1,200
+0.4% +$89.6K
GD icon
109
General Dynamics
GD
$106B
$21.5M 0.19%
246,211
+19,200
+8% +$1.63M
MET icon
110
MetLife
MET
$62.4B
$21.4M 0.19%
511,072
+12,117
+2% +$522K
CL icon
111
Colgate-Palmolive
CL
$74.4B
$21.3M 0.19%
358,444
+2,300
+0.6% +$136K
CPRI icon
112
Capri Holdings
CPRI
$1.74B
$21.2M 0.19%
285,000
– –
ESRX
113
DELISTED
Express Scripts Holding Company
ESRX
$20.5M 0.18%
331,228
-300
-0.1% -$19.4K
COST icon
114
Costco
COST
$420B
$20.4M 0.18%
177,608
+200
+0.1% +$23.1K
BRK.A icon
115
Berkshire Hathaway Class A
BRK.A
$1.12T
$19.8M 0.17%
116
– –
RTN
116
DELISTED
Raytheon Company
RTN
$19.6M 0.17%
254,416
+14,900
+6% +$1.11M
MRO
117
DELISTED
Marathon Oil Corporation
MRO
$19.6M 0.17%
561,176
+273,300
+95% +$9.72M
ISRG icon
118
Intuitive Surgical
ISRG
$134B
$19.6M 0.17%
467,856
+321,300
+219% +$14.2M
CB icon
119
Chubb
CB
$135B
$19.4M 0.17%
207,794
+200
+0.1% +$18.3K
IJH icon
120
iShares Core S&P Mid-Cap ETF
IJH
$127B
$19.3M 0.17%
779,000
– –
ACN icon
121
Accenture
ACN
$108B
$19.3M 0.17%
262,302
-1,700
-0.6% -$126K
FCX icon
122
Freeport-McMoran
FCX
$97.5B
$19.3M 0.17%
582,143
+500
+0.1% +$15.3K
TRV icon
123
Travelers Companies
TRV
$80.2B
$19M 0.17%
224,506
-1,000
-0.4% -$82.7K
APC
124
DELISTED
Anadarko Petroleum
APC
$19M 0.17%
204,487
+800
+0.4% +$72.8K
AET
125
DELISTED
Aetna Inc
AET
$18.8M 0.17%
294,282
-2,200
-0.7% -$141K
3 4
5
6 7

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 2013 Portfolio in Review

As of Q3 2013, State of Michigan Retirement System held 968 positions worth $11.4B, up 4.8% from $10.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 3.7%. State of Michigan Retirement System opened 21 new positions and exited 15, leaving the 968-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 807,877 shares worth $27.1M.
  • State of Michigan Retirement System added most to Bank of New York Mellon in Q3 2013, an estimated $51.3M increase.
  • State of Michigan Retirement System's biggest Q3 2013 reduction was General Mills, cutting an estimated $81.9M.
  • State of Michigan Retirement System fully exited Apollo Education Group Inc Class A in Q3 2013, selling an estimated $69.1M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $11.4B portfolio in Q3 2013.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q3 2013.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2013, filed 8 Nov 2013.