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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
ESV
176
DELISTED
Ensco Rowan plc
ESV
$14.5M 0.1%
87,695
+28,750
+49% +$5.7M
NSC icon
177
Norfolk Southern
NSC
$75.1B
$14.2M 0.1%
126,905
– –
PCP
178
DELISTED
PRECISION CASTPARTS CORP
PCP
$13.9M 0.1%
58,859
-297,500
-83% -$72.2M
SPLS
179
DELISTED
Staples Inc
SPLS
$13.8M 0.1%
1,139,131
-800
-0.1% -$9.38K
NTRS icon
180
Northern Trust
NTRS
$33.9B
$13.8M 0.1%
202,217
-300
-0.1% -$20.2K
CRM icon
181
Salesforce
CRM
$158B
$13.6M 0.09%
235,984
+4,500
+2% +$253K
ADM icon
182
Archer Daniels Midland
ADM
$36.9B
$13.5M 0.09%
264,625
-3,500
-1% -$172K
ELV icon
183
Elevance Health
ELV
$85.5B
$13.4M 0.09%
112,392
-2,200
-2% -$252K
ALXN
184
DELISTED
Alexion Pharmaceuticals
ALXN
$13.4M 0.09%
81,074
– –
ADBE icon
185
Adobe
ADBE
$105B
$13.4M 0.09%
193,665
+4,000
+2% +$284K
CSX icon
186
CSX Corp
CSX
$93.1B
$13.1M 0.09%
1,229,205
-5,400
-0.4% -$55.7K
YUM icon
187
Yum! Brands
YUM
$41.1B
$13M 0.09%
250,644
-974
-0.4% -$51.8K
ATI icon
188
ATI
ATI
$31B
$13M 0.09%
349,392
+500
+0.1% +$21K
INVN
189
DELISTED
Invensense Inc
INVN
$12.8M 0.09%
650,000
+390,000
+150% +$9.2M
STT icon
190
State Street
STT
$50.7B
$12.8M 0.09%
173,645
-2,900
-2% -$206K
ECL icon
191
Ecolab
ECL
$79.9B
$12.7M 0.09%
110,553
-200
-0.2% -$22.5K
CMS icon
192
CMS Energy
CMS
$22.3B
$12.7M 0.09%
427,699
-37,700
-8% -$1.13M
GIS icon
193
General Mills
GIS
$19.7B
$12.7M 0.09%
251,118
-700
-0.3% -$36.7K
DAL icon
194
Delta Air Lines
DAL
$60.1B
$12.5M 0.09%
345,600
-1,800
-0.5% -$68.8K
FUN icon
195
Cedar Fair
FUN
$1.67B
$12.2M 0.09%
259,000
+3,700
+1% +$184K
DFS
196
DELISTED
Discover Financial Services
DFS
$12.2M 0.08%
189,335
-1,700
-0.9% -$107K
JCI icon
197
Johnson Controls International
JCI
$92.2B
$12M 0.08%
260,755
+859
+0.3% +$43.3K
VEA icon
198
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.9M 0.08%
300,000
– –
EWD icon
199
iShares MSCI Sweden ETF
EWD
$595M
$11.9M 0.08%
360,000
– –
AET
200
DELISTED
Aetna Inc
AET
$11.8M 0.08%
145,382
-1,100
-0.8% -$89.5K
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 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.