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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
+4.79%
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
$14.3B
AUM Growth
+$982M
Cap. Flow
+$385M
Cap. Flow %
2.69%
Top 10 Hldgs %
24.77%
Holding
977
New
24
Increased
537
Reduced
261
Closed
26

Top Buys

Rank Stock Value
1
USB icon
US Bancorp
USB
+$240M
2
WMT icon
Walmart Inc
WMT
+$238M
3
BAC icon
Bank of America
BAC
+$94.2M
4
GS icon
Goldman Sachs
GS
+$80.1M
5
HON icon
Honeywell
HON
+$20.4M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$128M
2
BBWI icon
Bath & Body Works
BBWI
+$90.3M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$54.7M
4
AIG icon
American International
AIG
+$53.5M
5
ABT icon
Abbott
ABT
+$45.5M

Sector Composition

Rank Sector Weight
1 Financials 18.02%
2 Technology 12.36%
3 Healthcare 11.76%
4 Consumer Staples 10.68%
5 Industrials 9.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPG icon
126
Simon Property Group
SPG
$71.9B
$21.2M 0.15%
127,342
-8,979
-7% -$1.47M
TXN icon
127
Texas Instruments
TXN
$254B
$21.1M 0.15%
442,314
-200
-0% -$9.34K
MDVN
128
DELISTED
MEDIVATION, INC.
MDVN
$21.1M 0.15%
546,200
+60,000
+12% +$2.02M
POM
129
DELISTED
PEPCO HOLDINGS, INC.
POM
$20.7M 0.14%
752,822
+650,600
+636% +$16.6M
COST icon
130
Costco
COST
$421B
$20.7M 0.14%
179,608
+100
+0.1% +$11.5K
AGN
131
DELISTED
Allergan Inc
AGN
$20.6M 0.14%
121,906
+100
+0.1% +$15.6K
TRV icon
132
Travelers Companies
TRV
$80.5B
$20.2M 0.14%
215,006
-1,400
-0.6% -$128K
RAI
133
DELISTED
Reynolds American Inc
RAI
$20.1M 0.14%
667,188
-193,200
-22% -$5.54M
ITW icon
134
Illinois Tool Works
ITW
$84.8B
$20M 0.14%
228,395
-4,000
-2% -$344K
VE
135
DELISTED
VEOLIA ENVIRONNEMENT
VE
$19.8M 0.14%
1,044,376
+45,403
+5% +$874K
LOW icon
136
Lowe's Companies
LOW
$122B
$19.6M 0.14%
408,695
-18,200
-4% -$849K
IJH icon
137
iShares Core S&P Mid-Cap ETF
IJH
$125B
$19.6M 0.14%
684,500
-82,000
-11% -$2.25M
GM icon
138
General Motors
GM
$76.3B
$19.6M 0.14%
538,800
+6,700
+1% +$234K
DHR icon
139
Danaher
DHR
$141B
$19.4M 0.14%
366,737
+1,934
+0.5% +$99.3K
TMO icon
140
Thermo Fisher Scientific
TMO
$214B
$19.3M 0.13%
163,503
+3,600
+2% +$424K
PSX icon
141
Phillips 66
PSX
$82B
$18.7M 0.13%
231,903
-7,900
-3% -$651K
MS icon
142
Morgan Stanley
MS
$336B
$18.5M 0.13%
573,455
-299,100
-34% -$9.22M
NEE icon
143
NextEra Energy
NEE
$176B
$18.3M 0.13%
714,612
+3,600
+0.5% +$87.6K
STJ
144
DELISTED
St Jude Medical
STJ
$17.8M 0.12%
256,483
+140,600
+121% +$9.11M
HE icon
145
Hawaiian Electric Industries
HE
$2.16B
$17.7M 0.12%
699,840
+70,100
+11% +$1.71M
WMB icon
146
Williams Companies
WMB
$87.8B
$17.6M 0.12%
302,942
+23,600
+8% +$1.09M
MCK icon
147
McKesson
MCK
$102B
$17.6M 0.12%
94,453
+500
+0.5% +$89K
FDX icon
148
FedEx
FDX
$74.7B
$17.2M 0.12%
113,796
+300
+0.3% +$41.9K
KMB icon
149
Kimberly-Clark
KMB
$36.1B
$17.2M 0.12%
161,079
-417
-0.3% -$44.3K
KSS icon
150
Kohl's
KSS
$2.09B
$17.1M 0.12%
324,806
-2,400
-0.7% -$130K
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 Q2 2014 Portfolio in Review

As of Q2 2014, State of Michigan Retirement System held 977 positions worth $14.3B, up 7.4% from $13.3B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System's Q2 2014 filing shows 24 new, 537 increased, 261 reduced and 26 closed positions. Its largest new stake was iShares Russell 2000 ETF: 136,000 shares worth $16.2M. The largest sale was Exelon, an estimated $128M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2014 buy was iShares Russell 2000 ETF: 136,000 shares worth $16.2M.
  • State of Michigan Retirement System added most to US Bancorp in Q2 2014, an estimated $240M increase.
  • State of Michigan Retirement System's biggest Q2 2014 reduction was Exelon, cutting an estimated $128M.
  • State of Michigan Retirement System fully exited Becton Dickinson in Q2 2014, selling an estimated $8.76M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $14.3B portfolio in Q2 2014.
  • State of Michigan Retirement System opened 24 new positions and closed 26 in Q2 2014.
  • State of Michigan Retirement System's portfolio value rose 7.4% quarter-over-quarter to $14.3B.

Based on State of Michigan Retirement System's 13F filing for Q2 2014, filed 6 Aug 2014.