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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
FCX icon
101
Freeport-McMoran
FCX
$97.6B
$24.7M 0.19%
655,043
+72,900
+13% +$2.58M
MET icon
102
MetLife
MET
$62B
$24.6M 0.19%
511,297
+225
+0% +$10.1K
PSO icon
103
Pearson
PSO
$9.9B
$24.5M 0.19%
1,093,500
-49,500
-4% -$1.05M
LOW icon
104
Lowe's Companies
LOW
$125B
$24.4M 0.19%
492,195
-2,600
-0.5% -$126K
NOC icon
105
Northrop Grumman
NOC
$81.2B
$24.2M 0.19%
211,289
+17,200
+9% +$1.84M
SBUX icon
106
Starbucks
SBUX
$121B
$24M 0.18%
612,764
+1,400
+0.2% +$55.4K
TXN icon
107
Texas Instruments
TXN
$261B
$23.9M 0.18%
545,014
-46,900
-8% -$1.96M
NKE icon
108
Nike
NKE
$61.9B
$23.9M 0.18%
607,464
-1,000
-0.2% -$38.3K
PNC icon
109
PNC Financial Services
PNC
$101B
$23.8M 0.18%
306,192
+8,700
+3% +$652K
CAT icon
110
Caterpillar
CAT
$388B
$23.5M 0.18%
258,654
-100
-0% -$8.54K
CL icon
111
Colgate-Palmolive
CL
$74.2B
$23.3M 0.18%
357,344
-1,100
-0.3% -$70.4K
MDT icon
112
Medtronic
MDT
$111B
$23.3M 0.18%
405,844
+100
+0% +$5.67K
AET
113
DELISTED
Aetna Inc
AET
$23.1M 0.18%
337,082
+42,800
+15% +$2.79M
ESRX
114
DELISTED
Express Scripts Holding Company
ESRX
$23M 0.18%
327,628
-3,600
-1% -$235K
MRO
115
DELISTED
Marathon Oil Corporation
MRO
$22.9M 0.18%
648,876
+87,700
+16% +$3.13M
KMI icon
116
Kinder Morgan
KMI
$68.6B
$22.4M 0.17%
621,574
+14,700
+2% +$515K
ZVO
117
DELISTED
Zovio Inc. Common Stock
ZVO
$22.1M 0.17%
1,249,000
– –
RAI
118
DELISTED
Reynolds American Inc
RAI
$21.5M 0.16%
860,988
+129,400
+18% +$3.26M
CB icon
119
Chubb
CB
$135B
$21.5M 0.16%
207,694
-100
-0% -$9.82K
COST icon
120
Costco
COST
$420B
$21.1M 0.16%
177,608
– –
EMC
121
DELISTED
EMC CORPORATION
EMC
$21M 0.16%
836,554
-9,800
-1% -$238K
BRK.A icon
122
Berkshire Hathaway Class A
BRK.A
$1.12T
$20.6M 0.16%
116
– –
IJH icon
123
iShares Core S&P Mid-Cap ETF
IJH
$127B
$20.5M 0.16%
766,500
-12,500
-2% -$323K
KRFT
124
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$20.2M 0.15%
373,902
+131,700
+54% +$7.03M
ITW icon
125
Illinois Tool Works
ITW
$85.1B
$20.1M 0.15%
238,895
-1,600
-0.7% -$126K
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 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.