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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
LH icon
151
Labcorp
LH
$25.6B
$17.1M 0.12%
193,938
+72,168
+59% +$6.25M
D icon
152
Dominion Energy
D
$58.8B
$17M 0.12%
238,313
+1,000
+0.4% +$70.1K
EPD icon
153
Enterprise Products Partners
EPD
$82.3B
$16.9M 0.12%
432,000
– –
TWC
154
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$16.8M 0.12%
114,114
+900
+0.8% +$126K
PRU icon
155
Prudential Financial
PRU
$41.9B
$16.8M 0.12%
189,280
+300
+0.2% +$25.2K
TFM
156
DELISTED
THE FRESH MARKET, INC COM STK
TFM
$16.7M 0.12%
500,000
+450,000
+900% +$15.2M
COV
157
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$16.7M 0.12%
184,790
+800
+0.4% +$59.9K
SO icon
158
Southern Company
SO
$107B
$16.6M 0.12%
364,990
+2,600
+0.7% +$115K
ANR
159
DELISTED
Alpha Natural Resources Inc
ANR
$16.5M 0.12%
4,440,150
+1,690,700
+61% +$6.81M
GLNG icon
160
Golar LNG
GLNG
$5.19B
$16.4M 0.11%
273,000
– –
BLK icon
161
Blackrock
BLK
$175B
$16.4M 0.11%
51,260
– –
DTV
162
DELISTED
DIRECTV COM STK (DE)
DTV
$16.3M 0.11%
192,008
-1,400
-0.7% -$114K
IWM icon
163
iShares Russell 2000 ETF
IWM
$82.1B
$16.2M 0.11%
+136,000
New +$15.4M
BAX icon
164
Baxter International
BAX
$14B
$16.1M 0.11%
409,326
+1,105
+0.3% +$44.2K
DGX icon
165
Quest Diagnostics
DGX
$26.3B
$16M 0.11%
272,583
+105,500
+63% +$6.18M
AGN
166
DELISTED
Allergan plc
AGN
$15.9M 0.11%
71,470
+400
+0.6% +$82.8K
PX
167
DELISTED
Praxair Inc
PX
$15.9M 0.11%
120,005
– –
NGG icon
168
National Grid
NGG
$80.8B
$15.8M 0.11%
220,814
– –
ATI icon
169
ATI
ATI
$30.5B
$15.7M 0.11%
348,892
– –
ADP icon
170
Automatic Data Processing
ADP
$109B
$15.7M 0.11%
224,945
+912
+0.4% +$62.2K
WPC icon
171
W.P. Carey
WPC
$16.4B
$15.6M 0.11%
248,103
– –
KMP
172
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
$15.4M 0.11%
187,200
– –
NBR icon
173
Nabors Industries
NBR
$1.23B
$15M 0.11%
10,245
-2,684
-21% -$3.47M
TGT icon
174
Target
TGT
$66.8B
$15M 0.11%
259,578
+1,600
+0.6% +$94.1K
YUM icon
175
Yum! Brands
YUM
$41.6B
$14.7M 0.1%
251,618
+139
+0.1% +$7.73K
5 6
7
8 9

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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.