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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.22%
2 Technology 13.26%
3 Healthcare 11.74%
4 Consumer Staples 9.54%
5 Consumer Discretionary 8.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GM icon
151
General Motors
GM
$76.8B
$17.6M 0.12%
552,600
+13,800
+3% +$481K
KSS icon
152
Kohl's
KSS
$2.19B
$17.6M 0.12%
288,906
-35,900
-11% -$2.03M
FDX icon
153
FedEx
FDX
$75.4B
$17.6M 0.12%
108,796
-5,000
-4% -$759K
BLK icon
154
Blackrock
BLK
$176B
$17M 0.12%
51,760
+500
+1% +$161K
NEE icon
155
NextEra Energy
NEE
$177B
$16.8M 0.12%
715,412
+800
+0.1% +$19.3K
PRU icon
156
Prudential Financial
PRU
$41.8B
$16.6M 0.12%
188,580
-700
-0.4% -$62.6K
D icon
157
Dominion Energy
D
$59.3B
$16.5M 0.11%
238,913
+600
+0.3% +$41.4K
KMB icon
158
Kimberly-Clark
KMB
$36.5B
$16.5M 0.11%
159,932
-1,147
-0.7% -$119K
TWC
159
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$16.4M 0.11%
114,214
+100
+0.1% +$14.9K
ADP icon
160
Automatic Data Processing
ADP
$108B
$16.4M 0.11%
224,603
-342
-0.2% -$24.7K
TGT icon
161
Target
TGT
$68B
$16.3M 0.11%
259,778
+200
+0.1% +$12.1K
SO icon
162
Southern Company
SO
$107B
$16M 0.11%
367,190
+2,200
+0.6% +$96.6K
COV
163
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$16M 0.11%
185,190
+400
+0.2% +$35.4K
BAX icon
164
Baxter International
BAX
$14.2B
$15.9M 0.11%
408,774
-552
-0.1% -$22.4K
EPB
165
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
$15.9M 0.11%
396,700
+11,700
+3% +$447K
STJ
166
DELISTED
St Jude Medical
STJ
$15.6M 0.11%
259,783
+3,300
+1% +$216K
YHOO
167
DELISTED
Yahoo Inc
YHOO
$15.5M 0.11%
379,155
-4,500
-1% -$169K
PX
168
DELISTED
Praxair Inc
PX
$15.4M 0.11%
119,705
-300
-0.2% -$39.3K
NGG icon
169
National Grid
NGG
$81.3B
$15.3M 0.11%
220,831
+17
+0% +$1.21K
WMB icon
170
Williams Companies
WMB
$86.1B
$15.3M 0.11%
275,742
-27,200
-9% -$1.56M
AMT icon
171
American Tower
AMT
$80.4B
$15.2M 0.11%
162,430
+300
+0.2% +$28.6K
MU icon
172
Micron Technology
MU
$991B
$15M 0.1%
439,020
+400
+0.1% +$13K
CAG icon
173
Conagra Brands
CAG
$7.23B
$14.8M 0.1%
577,293
+900
+0.2% +$22.2K
EPD icon
174
Enterprise Products Partners
EPD
$81.7B
$14.7M 0.1%
364,000
-68,000
-16% -$2.67M
WPC icon
175
W.P. Carey
WPC
$16.4B
$14.7M 0.1%
234,830
-13,273
-5% -$869K
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 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.