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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
VE
151
DELISTED
VEOLIA ENVIRONNEMENT
VE
$17.3M 0.11%
982,376
-62,000
-6% -$1.07M
APC
152
DELISTED
Anadarko Petroleum
APC
$17.2M 0.11%
208,587
+1,200
+0.6% +$105K
PRU icon
153
Prudential Financial
PRU
$41.8B
$17.1M 0.11%
188,680
+100
+0.1% +$8.59K
TWTR
154
DELISTED
Twitter, Inc.
TWTR
$17M 0.11%
+475,000
New +$20.2M
C.WS.A
155
DELISTED
Citigroup Inc
C.WS.A
$17M 0.11%
19,500,000
– –
DAL icon
156
Delta Air Lines
DAL
$60.1B
$17M 0.11%
344,700
-900
-0.3% -$37.9K
CLF icon
157
Cleveland-Cliffs
CLF
$6.99B
$16.6M 0.11%
2,321,905
+402,200
+21% +$3.5M
ADP icon
158
Automatic Data Processing
ADP
$108B
$16.6M 0.11%
198,593
-26,010
-12% -$2.11M
BAX icon
159
Baxter International
BAX
$14.2B
$16.4M 0.11%
410,983
+2,209
+0.5% +$86K
PSX icon
160
Phillips 66
PSX
$81.4B
$16.3M 0.11%
228,003
-1,100
-0.5% -$81.2K
AMT icon
161
American Tower
AMT
$80.4B
$16.1M 0.11%
163,330
+900
+0.6% +$88.4K
WPC icon
162
W.P. Carey
WPC
$16.4B
$16.1M 0.11%
234,830
– –
ITW icon
163
Illinois Tool Works
ITW
$85.3B
$16.1M 0.11%
170,196
-52,199
-23% -$4.75M
BAC.WS.B
164
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$16M 0.11%
22,500,000
+691,100
+3% +$574K
PX
165
DELISTED
Praxair Inc
PX
$15.5M 0.1%
120,005
+300
+0.3% +$38K
MU icon
166
Micron Technology
MU
$991B
$15.5M 0.1%
442,220
+3,200
+0.7% +$106K
FCX icon
167
Freeport-McMoran
FCX
$97.5B
$15.2M 0.1%
652,043
+2,100
+0.3% +$58K
ALXN
168
DELISTED
Alexion Pharmaceuticals
ALXN
$15.1M 0.1%
81,674
+600
+0.7% +$111K
INVN
169
DELISTED
Invensense Inc
INVN
$14.9M 0.1%
915,000
+265,000
+41% +$4.45M
CSX icon
170
CSX Corp
CSX
$93.1B
$14.9M 0.1%
1,230,105
+900
+0.1% +$10.5K
CRM icon
171
Salesforce
CRM
$158B
$14.3M 0.09%
241,684
+5,700
+2% +$336K
SCHW
172
Charles Schwab
SCHW
$187B
$14.3M 0.09%
473,317
-796,900
-63% -$22.6M
ADBE icon
173
Adobe
ADBE
$105B
$14.2M 0.09%
195,165
+1,500
+0.8% +$105K
PCP
174
DELISTED
PRECISION CASTPARTS CORP
PCP
$14.2M 0.09%
58,759
-100
-0.2% -$23.1K
NSC icon
175
Norfolk Southern
NSC
$75.1B
$14M 0.09%
127,505
+600
+0.5% +$65.8K
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 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.