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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
ELV icon
201
Elevance Health
ELV
$85.5B
$11.5M 0.09%
115,292
-4,800
-4% -$434K
GLNG icon
202
Golar LNG
GLNG
$5.13B
$11.4M 0.09%
273,000
– –
WMB icon
203
Williams Companies
WMB
$86.1B
$11.3M 0.09%
279,342
+1,500
+0.5% +$60.8K
DFS
204
DELISTED
Discover Financial Services
DFS
$11.2M 0.08%
192,235
-2,500
-1% -$140K
MRSH
205
Marsh
MRSH
$91.5B
$11M 0.08%
223,777
+700
+0.3% +$33.5K
PPG icon
206
PPG Industries
PPG
$26.6B
$10.9M 0.08%
113,164
-2,400
-2% -$228K
PXD
207
DELISTED
Pioneer Natural Resource Co.
PXD
$10.9M 0.08%
58,354
+400
+0.7% +$73.1K
CMI icon
208
Cummins
CMI
$88.7B
$10.6M 0.08%
70,824
– –
MPC icon
209
Marathon Petroleum
MPC
$83.7B
$10.5M 0.08%
240,486
-4,200
-2% -$184K
DVN icon
210
Devon Energy
DVN
$47.3B
$10.5M 0.08%
156,311
+1,200
+0.8% +$74.5K
NBL
211
DELISTED
Noble Energy, Inc.
NBL
$10.4M 0.08%
146,914
+900
+0.6% +$59.6K
AON icon
212
Aon
AON
$76B
$10.4M 0.08%
122,919
+500
+0.4% +$41.6K
ALL icon
213
Allstate
ALL
$67.5B
$10.3M 0.08%
182,473
-2,400
-1% -$129K
APD icon
214
Air Products & Chemicals
APD
$67.6B
$10.3M 0.08%
93,401
+541
+0.6% +$57.4K
LH icon
215
Labcorp
LH
$25.9B
$10.3M 0.08%
121,770
-814
-0.7% -$64.9K
MU icon
216
Micron Technology
MU
$991B
$10.2M 0.08%
433,020
+5,400
+1% +$128K
ARW icon
217
Arrow Electronics
ARW
$10.4B
$10.2M 0.08%
172,062
+14,900
+9% +$811K
SE
218
DELISTED
Spectra Energy Corp Wi
SE
$10.1M 0.08%
273,559
+1,200
+0.4% +$43.5K
AMAT icon
219
Applied Materials
AMAT
$428B
$10.1M 0.08%
494,285
+4,700
+1% +$86.3K
AEP icon
220
American Electric Power
AEP
$68.4B
$10.1M 0.08%
199,097
+1,000
+0.5% +$48.6K
TEL icon
221
TE Connectivity
TEL
$62.6B
$10.1M 0.08%
167,396
+600
+0.4% +$34.4K
CCI icon
222
Crown Castle
CCI
$32.2B
$10.1M 0.08%
136,304
+500
+0.4% +$36.7K
TEG
223
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$9.95M 0.07%
166,799
+200
+0.1% +$11.1K
PSA icon
224
Public Storage
PSA
$61.3B
$9.95M 0.07%
59,041
+300
+0.5% +$48.6K
ADT
225
DELISTED
ADT Corp
ADT
$9.88M 0.07%
329,792
+93,500
+40% +$3.09M
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 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.