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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
IJH icon
101
iShares Core S&P Mid-Cap ETF
IJH
$127B
$26.3M 0.17%
909,000
-43,500
-5% -$1.22M
BRK.A icon
102
Berkshire Hathaway Class A
BRK.A
$1.12T
$26.2M 0.17%
116
– –
EBAY icon
103
eBay
EBAY
$49.8B
$26.1M 0.17%
1,106,470
+6,178
+0.6% +$140K
AGN
104
DELISTED
Allergan Inc
AGN
$26.1M 0.17%
122,706
+900
+0.7% +$179K
OXY icon
105
Occidental Petroleum
OXY
$55.9B
$25.8M 0.17%
319,984
-13,648
-4% -$1.13M
PNC icon
106
PNC Financial Services
PNC
$101B
$25.7M 0.17%
281,692
-4,800
-2% -$416K
PSO icon
107
Pearson
PSO
$9.9B
$25.7M 0.17%
1,392,200
+7,000
+0.5% +$131K
ESRX
108
DELISTED
Express Scripts Holding Company
ESRX
$25.6M 0.17%
302,328
-3,300
-1% -$258K
COST icon
109
Costco
COST
$420B
$25.6M 0.17%
180,308
+600
+0.3% +$81.6K
ZVO
110
DELISTED
Zovio Inc. Common Stock
ZVO
$25.5M 0.17%
2,249,000
+220,000
+11% +$2.5M
MET icon
111
MetLife
MET
$62.1B
$25.3M 0.17%
525,097
+7,742
+1% +$368K
HE icon
112
Hawaiian Electric Industries
HE
$2.14B
$25.2M 0.17%
753,840
+200
+0% +$5.83K
MDLZ icon
113
Mondelez International
MDLZ
$79.9B
$25.1M 0.17%
692,008
+900
+0.1% +$32.8K
EMC
114
DELISTED
EMC CORPORATION
EMC
$24.9M 0.17%
838,254
+6,600
+0.8% +$192K
LO
115
DELISTED
LORILLARD INC COM STK
LO
$24.6M 0.16%
390,376
+65,300
+20% +$4.04M
BKNG icon
116
Booking.com
BKNG
$161B
$24.5M 0.16%
538,025
– –
CL icon
117
Colgate-Palmolive
CL
$74.4B
$24.4M 0.16%
352,844
+900
+0.3% +$60.8K
MS icon
118
Morgan Stanley
MS
$340B
$24.4M 0.16%
628,855
+1,000
+0.2% +$35.6K
NCMI icon
119
National CineMedia
NCMI
$378M
$24M 0.16%
166,900
+14,831
+10% +$2.13M
MON
120
DELISTED
Monsanto Co
MON
$23.8M 0.16%
199,435
-15,600
-7% -$1.81M
LAMR icon
121
Lamar Advertising Co
LAMR
$16.3B
$23.4M 0.16%
437,100
+13,100
+3% +$676K
SPG icon
122
Simon Property Group
SPG
$72.3B
$23.3M 0.15%
128,042
+600
+0.5% +$106K
TXN icon
123
Texas Instruments
TXN
$261B
$23.3M 0.15%
435,114
-2,500
-0.6% -$126K
COF icon
124
Capital One
COF
$134B
$23M 0.15%
279,051
-116,105
-29% -$9.45M
CAT icon
125
Caterpillar
CAT
$387B
$22.8M 0.15%
249,354
-8,000
-3% -$779K
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 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.