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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
LUMN icon
151
Lumen
LUMN
$6.44B
$13.9M 0.12%
444,451
-3,000
-0.7% -$102K
BLK icon
152
Blackrock
BLK
$176B
$13.9M 0.12%
51,260
+600
+1% +$163K
NEE icon
153
NextEra Energy
NEE
$177B
$13.8M 0.12%
691,012
+1,200
+0.2% +$24.8K
FDX icon
154
FedEx
FDX
$75.4B
$13.8M 0.12%
120,896
+1,200
+1% +$130K
GM icon
155
General Motors
GM
$76.8B
$13.8M 0.12%
382,800
+70,100
+22% +$2.51M
NOV icon
156
NOV
NOV
$7B
$13.6M 0.12%
192,866
+443
+0.2% +$29.6K
TMO icon
157
Thermo Fisher Scientific
TMO
$220B
$13.5M 0.12%
146,603
-633,200
-81% -$57.3M
ETN icon
158
Eaton
ETN
$174B
$13.3M 0.12%
192,796
+600
+0.3% +$40.3K
KMP
159
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
$13.1M 0.11%
163,500
– –
TWC
160
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$13M 0.11%
116,214
-2,000
-2% -$225K
YUM icon
161
Yum! Brands
YUM
$41.1B
$13M 0.11%
252,453
-1,669
-0.7% -$86.6K
TSLA icon
162
Tesla
TSLA
$1.3T
$12.9M 0.11%
997,500
-825,000
-45% -$8.16M
LLL
163
DELISTED
L3 Technologies, Inc.
LLL
$12.8M 0.11%
135,776
+99,200
+271% +$9.15M
YHOO
164
DELISTED
Yahoo Inc
YHOO
$12.8M 0.11%
385,955
-1,000
-0.3% -$28.3K
RSG icon
165
Republic Services
RSG
$66B
$12.8M 0.11%
383,440
-10,100
-3% -$343K
KRFT
166
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$12.7M 0.11%
242,202
+800
+0.3% +$43.8K
LO
167
DELISTED
LORILLARD INC COM STK
LO
$12.6M 0.11%
282,176
+27,200
+11% +$1.2M
RDS.A
168
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$12.6M 0.11%
205,064
– –
NGG icon
169
National Grid
NGG
$81.3B
$12.6M 0.11%
220,814
+7,439
+3% +$420K
DTV
170
DELISTED
DIRECTV COM STK (DE)
DTV
$12.4M 0.11%
207,708
-86,000
-29% -$5.29M
EWD icon
171
iShares MSCI Sweden ETF
EWD
$595M
$12.3M 0.11%
360,000
– –
NCMI icon
172
National CineMedia
NCMI
$378M
$12.3M 0.11%
65,200
– –
CMS icon
173
CMS Energy
CMS
$22.3B
$12.2M 0.11%
463,099
+200
+0% +$5.43K
STT icon
174
State Street
STT
$50.7B
$11.9M 0.1%
181,445
-3,800
-2% -$260K
AMT icon
175
American Tower
AMT
$80.4B
$11.9M 0.1%
160,630
– –
5 6
7
8 9

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 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.