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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
ELV icon
176
Elevance Health
ELV
$85.5B
$14M 0.09%
111,192
-1,200
-1% -$148K
ADM icon
177
Archer Daniels Midland
ADM
$36.9B
$13.8M 0.09%
265,225
+600
+0.2% +$29.9K
HAL icon
178
Halliburton
HAL
$26.6B
$13.7M 0.09%
349,107
+400
+0.1% +$19.5K
VVC
179
DELISTED
Vectren Corporation
VVC
$13.6M 0.09%
293,960
+100
+0% +$4.39K
STT icon
180
State Street
STT
$50.7B
$13.5M 0.09%
171,945
-1,700
-1% -$128K
JCI icon
181
Johnson Controls International
JCI
$92.2B
$13.3M 0.09%
262,092
+1,337
+0.5% +$65.3K
GIS icon
182
General Mills
GIS
$19.7B
$13.3M 0.09%
248,718
-2,400
-1% -$124K
CTSH icon
183
Cognizant
CTSH
$26B
$13.2M 0.09%
250,854
+1,600
+0.6% +$79.9K
YUM icon
184
Yum! Brands
YUM
$41.1B
$13.1M 0.09%
250,644
– –
PPG icon
185
PPG Industries
PPG
$26.6B
$13.1M 0.09%
112,964
– –
KR icon
186
Kroger
KR
$34.8B
$13M 0.09%
404,528
+3,600
+0.9% +$104K
AET
187
DELISTED
Aetna Inc
AET
$12.9M 0.09%
144,882
-500
-0.3% -$42K
APA icon
188
APA Corp
APA
$13.3B
$12.8M 0.09%
205,045
-116,705
-36% -$8.3M
MRSH
189
Marsh
MRSH
$91.5B
$12.8M 0.08%
222,777
-400
-0.2% -$21.9K
REGN icon
190
Regeneron Pharmaceuticals
REGN
$80.8B
$12.6M 0.08%
30,600
+400
+1% +$157K
AMAT icon
191
Applied Materials
AMAT
$428B
$12.5M 0.08%
501,885
+2,400
+0.5% +$54.2K
WMB icon
192
Williams Companies
WMB
$86.1B
$12.5M 0.08%
277,142
+1,400
+0.5% +$71.6K
FUN icon
193
Cedar Fair
FUN
$1.67B
$12.4M 0.08%
259,000
– –
DFS
194
DELISTED
Discover Financial Services
DFS
$12.2M 0.08%
186,835
-2,500
-1% -$160K
AEP icon
195
American Electric Power
AEP
$68.4B
$12.2M 0.08%
201,497
+1,200
+0.6% +$68.7K
ATI icon
196
ATI
ATI
$31.1B
$12.2M 0.08%
349,592
+200
+0.1% +$6.61K
ALL icon
197
Allstate
ALL
$67.5B
$12.1M 0.08%
172,773
-4,900
-3% -$322K
GLW icon
198
Corning
GLW
$143B
$12.1M 0.08%
528,021
-1,200
-0.2% -$24.4K
CMS icon
199
CMS Energy
CMS
$22.3B
$12M 0.08%
345,299
-82,400
-19% -$2.69M
TEG
200
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$11.8M 0.08%
152,099
+100
+0.1% +$7.23K
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 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.