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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
RAI
126
DELISTED
Reynolds American Inc
RAI
$22.3M 0.15%
693,788
-48,600
-7% -$1.54M
DHR icon
127
Danaher
DHR
$144B
$21.6M 0.14%
374,623
+2,827
+0.8% +$153K
PAGP icon
128
Plains GP Holdings
PAGP
$4.9B
$21.5M 0.14%
314,570
+19,452
+7% +$1.38M
EOG icon
129
EOG Resources
EOG
$70.7B
$20.8M 0.14%
225,760
+1,300
+0.6% +$121K
TMO icon
130
Thermo Fisher Scientific
TMO
$220B
$20.6M 0.14%
164,803
+1,300
+0.8% +$158K
TGT icon
131
Target
TGT
$68B
$19.9M 0.13%
262,378
+2,600
+1% +$176K
MCK icon
132
McKesson
MCK
$101B
$19.8M 0.13%
95,553
+600
+0.6% +$122K
MDVN
133
DELISTED
MEDIVATION, INC.
MDVN
$19.8M 0.13%
398,200
-248,000
-38% -$12.9M
TJX icon
134
TJX Companies
TJX
$178B
$19.5M 0.13%
567,572
-605,600
-52% -$19.3M
GM icon
135
General Motors
GM
$76.8B
$19.4M 0.13%
555,900
+3,300
+0.6% +$105K
CB icon
136
Chubb
CB
$135B
$19.1M 0.13%
166,673
-40,321
-19% -$4.46M
NEE icon
137
NextEra Energy
NEE
$177B
$19.1M 0.13%
719,012
+3,600
+0.5% +$90.9K
COV
138
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$19.1M 0.13%
186,490
+1,300
+0.7% +$125K
FDX icon
139
FedEx
FDX
$75.4B
$18.8M 0.12%
108,496
-300
-0.3% -$50.7K
ANF icon
140
Abercrombie & Fitch
ANF
$5B
$18.8M 0.12%
657,500
+100
+0% +$3.07K
BNY
141
Bank of New York Mellon
BNY
$107B
$18.8M 0.12%
463,732
-200
-0% -$7.83K
BLK icon
142
Blackrock
BLK
$176B
$18.8M 0.12%
52,460
+700
+1% +$239K
D icon
143
Dominion Energy
D
$59.3B
$18.5M 0.12%
240,513
+1,600
+0.7% +$116K
YHOO
144
DELISTED
Yahoo Inc
YHOO
$18.3M 0.12%
362,955
-16,200
-4% -$763K
STJ
145
DELISTED
St Jude Medical
STJ
$18.3M 0.12%
281,083
+21,300
+8% +$1.37M
SO icon
146
Southern Company
SO
$107B
$18.2M 0.12%
370,690
+3,500
+1% +$165K
TRV icon
147
Travelers Companies
TRV
$80.2B
$18.1M 0.12%
171,467
-49,500
-22% -$5M
DTV
148
DELISTED
DIRECTV COM STK (DE)
DTV
$17.9M 0.12%
206,908
-115,100
-36% -$9.9M
KMB icon
149
Kimberly-Clark
KMB
$36.5B
$17.7M 0.12%
153,438
-6,494
-4% -$721K
TWC
150
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$17.6M 0.12%
115,514
+1,300
+1% +$188K
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 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.