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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
+10.34%
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
$13.1B
AUM Growth
+$1.68B
Cap. Flow
+$510M
Cap. Flow %
3.89%
Top 10 Hldgs %
24.46%
Holding
970
New
17
Increased
485
Reduced
329
Closed
22

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$208M
2
EXC icon
Exelon
EXC
+$156M
3
BNY
Bank of New York Mellon
BNY
+$144M
4
IBM icon
IBM
IBM
+$75.6M
5
AZO icon
AutoZone
AZO
+$72.4M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$169M
2
TEVA icon
Teva Pharmaceuticals
TEVA
+$60.2M
3
AAPL icon
Apple
AAPL
+$54.6M
4
AIG icon
American International
AIG
+$49.9M
5
AEO icon
American Eagle Outfitters
AEO
+$27.4M

Sector Composition

Rank Sector Weight
1 Financials 16.68%
2 Healthcare 13.73%
3 Technology 12.21%
4 Consumer Discretionary 8.93%
5 Consumer Staples 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTRS icon
176
Northern Trust
NTRS
$33.9B
$12.5M 0.1%
202,717
-500
-0.2% -$28.6K
VEA icon
177
Vanguard FTSE Developed Markets ETF
VEA
$236B
$12.5M 0.1%
300,000
– –
CRM icon
178
Salesforce
CRM
$158B
$12.4M 0.1%
225,484
+2,500
+1% +$134K
CTSH icon
179
Cognizant
CTSH
$26B
$12.4M 0.09%
245,954
+800
+0.3% +$36.4K
CMS icon
180
CMS Energy
CMS
$22.3B
$12.4M 0.09%
463,099
– –
NBR icon
181
Nabors Industries
NBR
$1.21B
$12.1M 0.09%
14,211
– –
AGN
182
DELISTED
Allergan plc
AGN
$11.9M 0.09%
70,770
-900
-1% -$141K
CSX icon
183
CSX Corp
CSX
$93.1B
$11.9M 0.09%
1,236,405
-6,900
-0.6% -$61.8K
ATI icon
184
ATI
ATI
$31.1B
$11.9M 0.09%
332,692
– –
NSC icon
185
Norfolk Southern
NSC
$75.1B
$11.7M 0.09%
125,605
-1,300
-1% -$112K
ADM icon
186
Archer Daniels Midland
ADM
$36.9B
$11.6M 0.09%
267,525
-128,100
-32% -$5.18M
FUN icon
187
Cedar Fair
FUN
$1.67B
$11.5M 0.09%
232,700
+31,500
+16% +$1.46M
ECL icon
188
Ecolab
ECL
$79.9B
$11.5M 0.09%
110,253
-100
-0.1% -$10.4K
ADBE icon
189
Adobe
ADBE
$105B
$11.3M 0.09%
188,965
-1,000
-0.5% -$55.2K
MPC icon
190
Marathon Petroleum
MPC
$83.7B
$11.2M 0.09%
244,686
-10,000
-4% -$385K
BG icon
191
Bunge Global
BG
$20.8B
$11.1M 0.09%
135,700
+12,700
+10% +$1.03M
ELV icon
192
Elevance Health
ELV
$85.5B
$11.1M 0.08%
120,092
-1,500
-1% -$133K
VLO icon
193
Valero Energy
VLO
$85.9B
$11.1M 0.08%
219,360
-1,200
-0.5% -$50.6K
ESV
194
DELISTED
Ensco Rowan plc
ESV
$11M 0.08%
47,931
– –
PPG icon
195
PPG Industries
PPG
$26.6B
$11M 0.08%
115,564
-600
-0.5% -$54.1K
DFS
196
DELISTED
Discover Financial Services
DFS
$10.9M 0.08%
194,735
-2,000
-1% -$105K
NE
197
DELISTED
Noble Corporation
NE
$10.8M 0.08%
329,502
– –
MRSH
198
Marsh
MRSH
$91.5B
$10.8M 0.08%
223,077
-500
-0.2% -$23.2K
WMB icon
199
Williams Companies
WMB
$86.1B
$10.7M 0.08%
277,842
-100
-0% -$3.6K
TFC icon
200
Truist Financial
TFC
$64B
$10.7M 0.08%
286,541
+200
+0.1% +$6.91K
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 Q4 2013 Portfolio in Review

As of Q4 2013, State of Michigan Retirement System held 970 positions worth $13.1B, up 15% from $11.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System deployed $510M of net new capital in Q4 2013, opening 17 new positions and adding to 485 existing holdings. Its largest new stake was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Charles Schwab, an estimated $169M trimmed.

  • State of Michigan Retirement System's largest Q4 2013 buy was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2013, an estimated $208M increase.
  • State of Michigan Retirement System's biggest Q4 2013 reduction was Charles Schwab, cutting an estimated $169M.
  • State of Michigan Retirement System fully exited VMware, Inc in Q4 2013, selling an estimated $18.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.1B portfolio in Q4 2013.
  • State of Michigan Retirement System opened 17 new positions and closed 22 in Q4 2013.
  • State of Michigan Retirement System's portfolio value rose 15% quarter-over-quarter to $13.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2013, filed 7 Feb 2014.