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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
TRV icon
126
Travelers Companies
TRV
$80.2B
$20M 0.15%
220,606
-3,900
-2% -$341K
ISRG icon
127
Intuitive Surgical
ISRG
$134B
$19.7M 0.15%
461,556
-6,300
-1% -$265K
KSS icon
128
Kohl's
KSS
$2.19B
$19.4M 0.15%
341,354
-1,200
-0.4% -$65.8K
CAH icon
129
Cardinal Health
CAH
$55.4B
$19.3M 0.15%
289,531
-28,000
-9% -$1.71M
SPG icon
130
Simon Property Group
SPG
$72.3B
$19.2M 0.15%
134,089
-106
-0.1% -$15.3K
GM icon
131
General Motors
GM
$76.8B
$18.9M 0.14%
463,000
+80,200
+21% +$3.03M
DHR icon
132
Danaher
DHR
$144B
$18.8M 0.14%
362,720
+744
+0.2% +$36.6K
PSX icon
133
Phillips 66
PSX
$81.4B
$18.8M 0.14%
243,703
-163,900
-40% -$10.9M
EOG icon
134
EOG Resources
EOG
$70.7B
$18.6M 0.14%
221,960
+400
+0.2% +$34.3K
HAL icon
135
Halliburton
HAL
$26.6B
$17.5M 0.13%
344,807
+900
+0.3% +$46.5K
FDX icon
136
FedEx
FDX
$75.4B
$17.4M 0.13%
120,996
+100
+0.1% +$13.2K
PRU icon
137
Prudential Financial
PRU
$41.8B
$17.4M 0.13%
188,180
-1,000
-0.5% -$85.4K
TMO icon
138
Thermo Fisher Scientific
TMO
$220B
$16.4M 0.13%
146,903
+300
+0.2% +$29.8K
BLK icon
139
Blackrock
BLK
$176B
$16.3M 0.12%
51,660
+400
+0.8% +$119K
VE
140
DELISTED
VEOLIA ENVIRONNEMENT
VE
$16.3M 0.12%
998,973
– –
TGT icon
141
Target
TGT
$68B
$16.3M 0.12%
256,978
+300
+0.1% +$19.2K
APC
142
DELISTED
Anadarko Petroleum
APC
$16.2M 0.12%
204,587
+100
+0% +$8.96K
KMB icon
143
Kimberly-Clark
KMB
$36.5B
$16.2M 0.12%
161,809
-730
-0.4% -$72.8K
SPLS
144
DELISTED
Staples Inc
SPLS
$16.1M 0.12%
1,010,775
-100
-0% -$1.56K
GNW icon
145
Genworth Financial
GNW
$3.71B
$15.8M 0.12%
1,019,592
+336,800
+49% +$4.87M
ADP icon
146
Automatic Data Processing
ADP
$108B
$15.8M 0.12%
222,894
-798
-0.4% -$53.7K
PX
147
DELISTED
Praxair Inc
PX
$15.6M 0.12%
119,705
-200
-0.2% -$24.9K
TWC
148
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$15.5M 0.12%
114,614
-1,600
-1% -$199K
YHOO
149
DELISTED
Yahoo Inc
YHOO
$15.5M 0.12%
383,555
-2,400
-0.6% -$86.1K
HE icon
150
Hawaiian Electric Industries
HE
$2.14B
$15.4M 0.12%
590,640
+500
+0.1% +$12.9K
4 5
6
7 8

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.