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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
PX
151
DELISTED
Praxair Inc
PX
$15.7M 0.12%
120,005
+300
+0.3% +$38.9K
MDVN
152
DELISTED
MEDIVATION, INC.
MDVN
$15.6M 0.12%
+486,200
New +$17.9M
TGT icon
153
Target
TGT
$68B
$15.6M 0.12%
257,978
+1,000
+0.4% +$59.3K
KMI icon
154
Kinder Morgan
KMI
$68.7B
$15.6M 0.12%
480,374
-141,200
-23% -$4.73M
TWC
155
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$15.5M 0.12%
113,214
-1,400
-1% -$192K
ADP icon
156
Automatic Data Processing
ADP
$108B
$15.2M 0.11%
224,033
+1,139
+0.5% +$77.6K
PAGP icon
157
Plains GP Holdings
PAGP
$4.9B
$15.1M 0.11%
+203,267
New +$14.6M
AGN
158
DELISTED
Allergan Inc
AGN
$15.1M 0.11%
121,806
+1,000
+0.8% +$122K
FDX icon
159
FedEx
FDX
$75.4B
$15M 0.11%
113,496
-7,500
-6% -$1.02M
LO
160
DELISTED
LORILLARD INC COM STK
LO
$15M 0.11%
277,976
-1,900
-0.7% -$95.5K
EPD icon
161
Enterprise Products Partners
EPD
$81.7B
$15M 0.11%
432,000
-519,134
-55% -$17.2M
DTV
162
DELISTED
DIRECTV COM STK (DE)
DTV
$14.8M 0.11%
193,408
-5,300
-3% -$389K
NGG icon
163
National Grid
NGG
$81.3B
$14.6M 0.11%
220,814
– –
AGN
164
DELISTED
Allergan plc
AGN
$14.6M 0.11%
71,070
+300
+0.4% +$59.4K
WPC icon
165
W.P. Carey
WPC
$16.4B
$14.6M 0.11%
248,103
– –
ETN icon
166
Eaton
ETN
$174B
$14.6M 0.11%
193,996
+1,100
+0.6% +$81.1K
CAG icon
167
Conagra Brands
CAG
$7.23B
$13.9M 0.1%
575,108
+38,550
+7% +$925K
KMP
168
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
$13.8M 0.1%
187,200
+5,000
+3% +$388K
YHOO
169
DELISTED
Yahoo Inc
YHOO
$13.8M 0.1%
383,155
-400
-0.1% -$15.3K
YUM icon
170
Yum! Brands
YUM
$41.1B
$13.6M 0.1%
251,479
-417
-0.2% -$22K
NOV icon
171
NOV
NOV
$7B
$13.6M 0.1%
193,975
+998
+0.5% +$68.5K
CMS icon
172
CMS Energy
CMS
$22.3B
$13.6M 0.1%
463,899
+800
+0.2% +$22.2K
COV
173
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$13.6M 0.1%
183,990
-3,000
-2% -$209K
NTRS icon
174
Northern Trust
NTRS
$33.9B
$13.3M 0.1%
202,417
-300
-0.1% -$18.6K
GIS icon
175
General Mills
GIS
$19.7B
$13.2M 0.1%
254,918
-2,900
-1% -$144K
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 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.