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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
EOG icon
126
EOG Resources
EOG
$70.7B
$18.8M 0.16%
221,560
+600
+0.3% +$46.6K
SPG icon
127
Simon Property Group
SPG
$72.3B
$18.7M 0.16%
134,195
– –
NOC icon
128
Northrop Grumman
NOC
$81.2B
$18.5M 0.16%
194,089
+11,600
+6% +$1.07M
ITW icon
129
Illinois Tool Works
ITW
$84.5B
$18.3M 0.16%
240,495
-700
-0.3% -$51.2K
VMW
130
DELISTED
VMware, Inc
VMW
$18.2M 0.16%
225,000
-88,000
-28% -$7.12M
RAI
131
DELISTED
Reynolds American Inc
RAI
$17.8M 0.16%
731,588
-116,400
-14% -$2.89M
KSS icon
132
Kohl's
KSS
$2.19B
$17.7M 0.16%
342,554
+300
+0.1% +$15.7K
VE
133
DELISTED
VEOLIA ENVIRONNEMENT
VE
$17.1M 0.15%
998,973
+64,897
+7% +$948K
DHR icon
134
Danaher
DHR
$144B
$16.9M 0.15%
361,976
+10,415
+3% +$472K
CAH icon
135
Cardinal Health
CAH
$55.4B
$16.6M 0.15%
317,531
+178,700
+129% +$9.08M
HAL icon
136
Halliburton
HAL
$26.6B
$16.6M 0.15%
343,907
-34,604
-9% -$1.62M
TGT icon
137
Target
TGT
$68B
$16.4M 0.14%
256,678
-4,000
-2% -$272K
WPC icon
138
W.P. Carey
WPC
$16.4B
$15.7M 0.14%
248,103
– –
BDX icon
139
Becton Dickinson
BDX
$48.2B
$15.4M 0.14%
158,242
– –
HE icon
140
Hawaiian Electric Industries
HE
$2.14B
$14.8M 0.13%
590,140
+800
+0.1% +$20.6K
SPLS
141
DELISTED
Staples Inc
SPLS
$14.8M 0.13%
1,010,875
-1,000
-0.1% -$15.7K
PRU icon
142
Prudential Financial
PRU
$41.8B
$14.8M 0.13%
189,180
-100
-0.1% -$7.84K
D icon
143
Dominion Energy
D
$59.3B
$14.7M 0.13%
235,513
+900
+0.4% +$53.4K
KMB icon
144
Kimberly-Clark
KMB
$36.5B
$14.7M 0.13%
162,539
-417
-0.3% -$38.6K
SO icon
145
Southern Company
SO
$107B
$14.6M 0.13%
355,490
+2,000
+0.6% +$86.2K
ADM icon
146
Archer Daniels Midland
ADM
$36.9B
$14.6M 0.13%
395,625
+500
+0.1% +$18.2K
NFLX icon
147
Netflix
NFLX
$309B
$14.5M 0.13%
3,291,820
-1,673,000
-34% -$6.46M
BAX icon
148
Baxter International
BAX
$14.2B
$14.5M 0.13%
406,380
+1,104
+0.3% +$42.9K
PX
149
DELISTED
Praxair Inc
PX
$14.4M 0.13%
119,905
-200
-0.2% -$23.7K
ADP icon
150
Automatic Data Processing
ADP
$108B
$14.2M 0.12%
223,692
-797
-0.4% -$50.6K
4 5
6
7 8

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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.