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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
PNC icon
101
PNC Financial Services
PNC
$101B
$24.6M 0.18%
282,892
-23,300
-8% -$1.9M
MON
102
DELISTED
Monsanto Co
MON
$24.4M 0.18%
214,235
+500
+0.2% +$55.7K
DE icon
103
Deere & Co
DE
$168B
$24.3M 0.18%
267,662
-4,800
-2% -$420K
MET icon
104
MetLife
MET
$62.1B
$24.2M 0.18%
514,550
+3,253
+0.6% +$150K
MDLZ icon
105
Mondelez International
MDLZ
$79.9B
$24M 0.18%
694,308
-18,700
-3% -$639K
ESRX
106
DELISTED
Express Scripts Holding Company
ESRX
$23.8M 0.18%
316,728
-10,900
-3% -$816K
PSO icon
107
Pearson
PSO
$9.9B
$23.5M 0.18%
1,320,500
+227,000
+21% +$4.24M
CL icon
108
Colgate-Palmolive
CL
$74.4B
$23.1M 0.17%
356,344
-1,000
-0.3% -$63K
MRO
109
DELISTED
Marathon Oil Corporation
MRO
$23.1M 0.17%
650,176
+1,300
+0.2% +$43.8K
RAI
110
DELISTED
Reynolds American Inc
RAI
$23M 0.17%
860,388
-600
-0.1% -$15.1K
ZVO
111
DELISTED
Zovio Inc. Common Stock
ZVO
$22.8M 0.17%
1,529,000
+280,000
+22% +$4.83M
EMC
112
DELISTED
EMC CORPORATION
EMC
$22.7M 0.17%
826,754
-9,800
-1% -$255K
SBUX icon
113
Starbucks
SBUX
$120B
$22.6M 0.17%
616,964
+4,200
+0.7% +$155K
ISRG icon
114
Intuitive Surgical
ISRG
$134B
$22.5M 0.17%
462,456
+900
+0.2% +$42.4K
NKE icon
115
Nike
NKE
$61.9B
$22.4M 0.17%
607,264
-200
-0% -$7.56K
GSK icon
116
GSK
GSK
$106B
$21.9M 0.16%
328,000
-57,600
-15% -$3.89M
EOG icon
117
EOG Resources
EOG
$70.7B
$21.9M 0.16%
222,960
+1,000
+0.5% +$89K
BRK.A icon
118
Berkshire Hathaway Class A
BRK.A
$1.12T
$21.7M 0.16%
116
– –
FCX icon
119
Freeport-McMoran
FCX
$97.5B
$21.4M 0.16%
647,843
-7,200
-1% -$240K
IJH icon
120
iShares Core S&P Mid-Cap ETF
IJH
$127B
$21.1M 0.16%
766,500
– –
KRFT
121
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$21M 0.16%
375,102
+1,200
+0.3% +$65.2K
SPG icon
122
Simon Property Group
SPG
$72.3B
$21M 0.16%
136,321
+2,232
+2% +$332K
LOW icon
123
Lowe's Companies
LOW
$125B
$20.9M 0.16%
426,895
-65,300
-13% -$3.15M
TXN icon
124
Texas Instruments
TXN
$261B
$20.9M 0.16%
442,514
-102,500
-19% -$4.52M
CB icon
125
Chubb
CB
$135B
$20.5M 0.15%
206,794
-900
-0.4% -$87.3K
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 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.