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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
VEA icon
176
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.9M 0.1%
300,000
– –
IM
177
DELISTED
Ingram Micro
IM
$11.8M 0.1%
511,200
-29,316
-5% -$646K
AFL icon
178
Aflac
AFL
$62.6B
$11.7M 0.1%
378,418
-200
-0.1% -$6.02K
CRM icon
179
Salesforce
CRM
$158B
$11.6M 0.1%
222,984
+2,500
+1% +$113K
JCI icon
180
Johnson Controls International
JCI
$92.2B
$11.5M 0.1%
265,721
– –
NBR icon
181
Nabors Industries
NBR
$1.21B
$11.4M 0.1%
14,211
-282
-2% -$222K
COV
182
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$11.4M 0.1%
187,090
-28,460
-13% -$1.74M
VOD icon
183
Vodafone
VOD
$37.4B
$11.3M 0.1%
315,686
– –
NTRS icon
184
Northern Trust
NTRS
$33.9B
$11.1M 0.1%
203,217
+3,400
+2% +$195K
AGN
185
DELISTED
Allergan Inc
AGN
$10.9M 0.1%
120,706
+300
+0.2% +$26.9K
ECL icon
186
Ecolab
ECL
$79.9B
$10.9M 0.1%
110,353
+2,100
+2% +$195K
NE
187
DELISTED
Noble Corporation
NE
$10.9M 0.1%
329,502
+229
+0.1% +$7.78K
CSX icon
188
CSX Corp
CSX
$93.1B
$10.7M 0.09%
1,243,305
-1,800
-0.1% -$15.1K
PXD
189
DELISTED
Pioneer Natural Resource Co.
PXD
$10.6M 0.09%
56,354
+900
+2% +$153K
EPB
190
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
$10.5M 0.09%
248,500
– –
AGN
191
DELISTED
Allergan plc
AGN
$10.3M 0.09%
71,670
+19,800
+38% +$2.64M
ESV
192
DELISTED
Ensco Rowan plc
ESV
$10.3M 0.09%
47,931
+100
+0.2% +$22.9K
GLNG icon
193
Golar LNG
GLNG
$5.13B
$10.3M 0.09%
273,000
+65,000
+31% +$2.38M
ELV icon
194
Elevance Health
ELV
$85.5B
$10.2M 0.09%
121,592
-400
-0.3% -$34.3K
ATI icon
195
ATI
ATI
$31B
$10.2M 0.09%
332,692
– –
WMB icon
196
Williams Companies
WMB
$86.1B
$10.1M 0.09%
277,942
+700
+0.3% +$24.5K
CTSH icon
197
Cognizant
CTSH
$26B
$10.1M 0.09%
245,154
+200
+0.1% +$7.42K
DFS
198
DELISTED
Discover Financial Services
DFS
$9.94M 0.09%
196,735
-2,500
-1% -$125K
REGN icon
199
Regeneron Pharmaceuticals
REGN
$80.8B
$9.92M 0.09%
31,700
+700
+2% +$184K
ADBE icon
200
Adobe
ADBE
$105B
$9.87M 0.09%
189,965
-13,900
-7% -$663K
6 7
8
9 10

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.