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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
+2.53%
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
$13.3B
AUM Growth
+$227M
Cap. Flow
-$30.1M
Cap. Flow %
-0.23%
Top 10 Hldgs %
23.07%
Holding
967
New
19
Increased
585
Reduced
284
Closed
14

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$181M
2
PEP icon
PepsiCo
PEP
+$104M
3
BBWI icon
Bath & Body Works
BBWI
+$89.2M
4
AZO icon
AutoZone
AZO
+$66.8M
5
UNP icon
Union Pacific
UNP
+$66.1M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$239M
2
K
Kellanova
K
+$126M
3
JNJ icon
Johnson & Johnson
JNJ
+$112M
4
TJX icon
TJX Companies
TJX
+$57.5M
5
WFC icon
Wells Fargo
WFC
+$41.9M

Sector Composition

Rank Sector Weight
1 Financials 16.93%
2 Healthcare 13.1%
3 Technology 12.32%
4 Consumer Discretionary 9.95%
5 Consumer Staples 9.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMT icon
176
American Tower
AMT
$80.4B
$13.2M 0.1%
161,230
+800
+0.5% +$65.2K
EWD icon
177
iShares MSCI Sweden ETF
EWD
$595M
$13.2M 0.1%
360,000
– –
ATI icon
178
ATI
ATI
$31B
$13.1M 0.1%
348,892
+16,200
+5% +$545K
CRM icon
179
Salesforce
CRM
$158B
$13.1M 0.1%
229,084
+3,600
+2% +$215K
SPLS
180
DELISTED
Staples Inc
SPLS
$12.9M 0.1%
1,140,631
+129,856
+13% +$1.7M
JCI icon
181
Johnson Controls International
JCI
$92.2B
$12.8M 0.1%
258,845
-7,067
-3% -$358K
ANF icon
182
Abercrombie & Fitch
ANF
$5B
$12.7M 0.1%
329,500
+240,200
+269% +$8.78M
CTSH icon
183
Cognizant
CTSH
$26B
$12.5M 0.09%
247,954
+2,000
+0.8% +$100K
ADBE icon
184
Adobe
ADBE
$105B
$12.5M 0.09%
189,565
+600
+0.3% +$38.5K
ESV
185
DELISTED
Ensco Rowan plc
ESV
$12.4M 0.09%
58,820
+10,889
+23% +$2.28M
VEA icon
186
Vanguard FTSE Developed Markets ETF
VEA
$236B
$12.4M 0.09%
300,000
– –
ALXN
187
DELISTED
Alexion Pharmaceuticals
ALXN
$12.3M 0.09%
80,774
+1,100
+1% +$175K
NSC icon
188
Norfolk Southern
NSC
$75.1B
$12.3M 0.09%
126,405
+800
+0.6% +$74.2K
STT icon
189
State Street
STT
$50.7B
$12.3M 0.09%
176,145
-2,300
-1% -$159K
DAL icon
190
Delta Air Lines
DAL
$60.1B
$12M 0.09%
346,700
-1,100
-0.3% -$35.4K
ECL icon
191
Ecolab
ECL
$79.9B
$11.9M 0.09%
110,453
+200
+0.2% +$20.9K
CSX icon
192
CSX Corp
CSX
$93.1B
$11.9M 0.09%
1,233,705
-2,700
-0.2% -$25K
GLW icon
193
Corning
GLW
$143B
$11.8M 0.09%
568,221
-20,100
-3% -$378K
AFL icon
194
Aflac
AFL
$62.6B
$11.7M 0.09%
372,018
-7,000
-2% -$222K
ANR
195
DELISTED
Alpha Natural Resources Inc
ANR
$11.7M 0.09%
2,749,450
+1,878,400
+216% +$10.1M
ADM icon
196
Archer Daniels Midland
ADM
$36.9B
$11.7M 0.09%
268,725
+1,200
+0.4% +$49.5K
TFC icon
197
Truist Financial
TFC
$64B
$11.7M 0.09%
290,141
+3,600
+1% +$138K
BHI
198
DELISTED
Baker Hughes
BHI
$11.6M 0.09%
178,429
-1,800
-1% -$106K
VVC
199
DELISTED
Vectren Corporation
VVC
$11.6M 0.09%
293,460
+200
+0.1% +$7.39K
VLO icon
200
Valero Energy
VLO
$85.9B
$11.5M 0.09%
217,360
-2,000
-0.9% -$102K
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 Q1 2014 Portfolio in Review

As of Q1 2014, State of Michigan Retirement System held 967 positions worth $13.3B, up 1.7% from $13.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2014: portfolio turnover was 3.4%. State of Michigan Retirement System opened 19 new positions and exited 14, leaving the 967-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q1 2014 buy was Aeropostale Inc: 3,396,000 shares worth $17M.
  • State of Michigan Retirement System added most to Walmart Inc in Q1 2014, an estimated $181M increase.
  • State of Michigan Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $239M.
  • State of Michigan Retirement System fully exited Bunge Global in Q1 2014, selling an estimated $11.1M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $13.3B portfolio in Q1 2014.
  • State of Michigan Retirement System opened 19 new positions and closed 14 in Q1 2014.
  • State of Michigan Retirement System's portfolio value rose 1.7% quarter-over-quarter to $13.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2014, filed 6 May 2014.