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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
HAL icon
126
Halliburton
HAL
$26.6B
$20.5M 0.15%
347,307
+2,500
+0.7% +$134K
CAH icon
127
Cardinal Health
CAH
$55.4B
$20.3M 0.15%
290,631
+1,100
+0.4% +$76.5K
COST icon
128
Costco
COST
$420B
$20M 0.15%
179,508
+1,900
+1% +$217K
VE
129
DELISTED
VEOLIA ENVIRONNEMENT
VE
$19.9M 0.15%
998,973
– –
TMO icon
130
Thermo Fisher Scientific
TMO
$220B
$19.2M 0.14%
159,903
+13,000
+9% +$1.55M
ITW icon
131
Illinois Tool Works
ITW
$84.5B
$18.9M 0.14%
232,395
-6,500
-3% -$526K
KSS icon
132
Kohl's
KSS
$2.19B
$18.6M 0.14%
327,206
-14,148
-4% -$758K
PSX icon
133
Phillips 66
PSX
$81.4B
$18.5M 0.14%
239,803
-3,900
-2% -$297K
TRV icon
134
Travelers Companies
TRV
$80.2B
$18.4M 0.14%
216,406
-4,200
-2% -$353K
DHR icon
135
Danaher
DHR
$144B
$18.4M 0.14%
364,803
+2,083
+0.6% +$106K
GM icon
136
General Motors
GM
$76.8B
$18.3M 0.14%
532,100
+69,100
+15% +$2.54M
APC
137
DELISTED
Anadarko Petroleum
APC
$17.4M 0.13%
205,587
+1,000
+0.5% +$82K
KMB icon
138
Kimberly-Clark
KMB
$36.5B
$17.1M 0.13%
161,496
-313
-0.2% -$32.4K
NCMI icon
139
National CineMedia
NCMI
$378M
$17.1M 0.13%
113,700
+48,500
+74% +$8.37M
ARO
140
DELISTED
Aeropostale Inc
ARO
$17M 0.13%
+3,396,000
New +$23.6M
NEE icon
141
NextEra Energy
NEE
$177B
$17M 0.13%
711,012
+10,800
+2% +$245K
D icon
142
Dominion Energy
D
$59.3B
$16.8M 0.13%
237,313
+1,300
+0.6% +$88.8K
MCK icon
143
McKesson
MCK
$101B
$16.6M 0.12%
93,953
+600
+0.6% +$105K
CLF icon
144
Cleveland-Cliffs
CLF
$6.99B
$16.5M 0.12%
806,305
+660,100
+451% +$13.7M
BAX icon
145
Baxter International
BAX
$14.2B
$16.3M 0.12%
408,221
+2,025
+0.5% +$75.7K
BLK icon
146
Blackrock
BLK
$176B
$16.1M 0.12%
51,260
-400
-0.8% -$122K
HE icon
147
Hawaiian Electric Industries
HE
$2.14B
$16M 0.12%
629,740
+39,100
+7% +$999K
PRU icon
148
Prudential Financial
PRU
$41.8B
$16M 0.12%
188,980
+800
+0.4% +$68.9K
NBR icon
149
Nabors Industries
NBR
$1.21B
$15.9M 0.12%
12,929
-1,282
-9% -$1.28M
SO icon
150
Southern Company
SO
$107B
$15.9M 0.12%
362,390
+3,900
+1% +$163K
4 5
6
7 8

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FAM
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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.