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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
PXD
201
DELISTED
Pioneer Natural Resource Co.
PXD
$10.7M 0.08%
57,954
+1,600
+3% +$308K
ALXN
202
DELISTED
Alexion Pharmaceuticals
ALXN
$10.6M 0.08%
79,674
+100
+0.1% +$12K
ICE icon
203
Intercontinental Exchange
ICE
$84.4B
$10.5M 0.08%
233,880
+85,580
+58% +$3.52M
GLW icon
204
Corning
GLW
$143B
$10.5M 0.08%
588,321
-5,700
-1% -$93.9K
VVC
205
DELISTED
Vectren Corporation
VVC
$10.4M 0.08%
293,260
+200
+0.1% +$6.9K
AON icon
206
Aon
AON
$76B
$10.3M 0.08%
122,419
-2,600
-2% -$206K
ALL icon
207
Allstate
ALL
$67.5B
$10.1M 0.08%
184,873
-3,600
-2% -$192K
CME icon
208
CME Group
CME
$94.8B
$10.1M 0.08%
128,181
+400
+0.3% +$31.3K
CMI icon
209
Cummins
CMI
$88.7B
$9.98M 0.08%
70,824
– –
CCI icon
210
Crown Castle
CCI
$32.2B
$9.97M 0.08%
135,804
+16,600
+14% +$1.23M
BHI
211
DELISTED
Baker Hughes
BHI
$9.96M 0.08%
180,229
– –
NBL
212
DELISTED
Noble Energy, Inc.
NBL
$9.95M 0.08%
146,014
-100
-0.1% -$7.08K
GLNG icon
213
Golar LNG
GLNG
$5.13B
$9.91M 0.08%
273,000
– –
CB
214
DELISTED
CHUBB CORPORATION
CB
$9.89M 0.08%
102,348
-1,600
-2% -$149K
CI icon
215
Cigna
CI
$74.6B
$9.83M 0.08%
112,380
-2,700
-2% -$221K
FSLR icon
216
First Solar
FSLR
$26.9B
$9.76M 0.07%
178,706
+500
+0.3% +$27.3K
PAA icon
217
Plains All American Pipeline
PAA
$16.1B
$9.71M 0.07%
187,600
+30,000
+19% +$1.53M
SE
218
DELISTED
Spectra Energy Corp Wi
SE
$9.7M 0.07%
272,359
+100
+0% +$3.44K
EWY icon
219
iShares MSCI South Korea ETF
EWY
$24.1B
$9.7M 0.07%
150,000
– –
IM
220
DELISTED
Ingram Micro
IM
$9.67M 0.07%
412,200
-99,000
-19% -$2.32M
LH icon
221
Labcorp
LH
$25.9B
$9.62M 0.07%
122,584
+79,966
+188% +$6.82M
APD icon
222
Air Products & Chemicals
APD
$67.6B
$9.6M 0.07%
92,860
+649
+0.7% +$65.4K
DVN icon
223
Devon Energy
DVN
$47.3B
$9.6M 0.07%
155,111
-100
-0.1% -$6.13K
HES
224
DELISTED
Hess
HES
$9.6M 0.07%
115,625
-1,700
-1% -$138K
ADT
225
DELISTED
ADT Corp
ADT
$9.56M 0.07%
236,292
+154,900
+190% +$6.37M
7 8
9
10 11

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.