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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
VVC
201
DELISTED
Vectren Corporation
VVC
$11.7M 0.08%
293,860
+300
+0.1% +$12K
BBBY
202
DELISTED
Bed Bath & Beyond Inc
BBBY
$11.7M 0.08%
177,807
-800
-0.4% -$50.3K
MRSH
203
Marsh
MRSH
$91.5B
$11.7M 0.08%
223,177
-2,000
-0.9% -$104K
BHI
204
DELISTED
Baker Hughes
BHI
$11.6M 0.08%
178,329
-300
-0.2% -$20.9K
PXD
205
DELISTED
Pioneer Natural Resource Co.
PXD
$11.6M 0.08%
58,654
– –
CTSH icon
206
Cognizant
CTSH
$26B
$11.2M 0.08%
249,254
-100
-0% -$4.71K
NFLX icon
207
Netflix
NFLX
$309B
$11.1M 0.08%
1,726,620
+7,000
+0.4% +$45.4K
PPG icon
208
PPG Industries
PPG
$26.6B
$11.1M 0.08%
112,964
-400
-0.4% -$40.8K
CCI icon
209
Crown Castle
CCI
$32.2B
$11M 0.08%
136,904
+100
+0.1% +$7.73K
ANR
210
DELISTED
Alpha Natural Resources Inc
ANR
$11M 0.08%
4,440,150
– –
TFC icon
211
Truist Financial
TFC
$64B
$11M 0.08%
295,041
+600
+0.2% +$22.7K
VRTX icon
212
Vertex Pharmaceuticals
VRTX
$126B
$11M 0.08%
97,600
+800
+0.8% +$76.2K
ALL icon
213
Allstate
ALL
$67.5B
$10.9M 0.08%
177,673
-200
-0.1% -$12K
NVS icon
214
Novartis
NVS
$297B
$10.9M 0.08%
129,233
– –
REGN icon
215
Regeneron Pharmaceuticals
REGN
$80.8B
$10.9M 0.08%
30,200
-2,500
-8% -$838K
AFL icon
216
Aflac
AFL
$62.6B
$10.8M 0.08%
371,418
-800
-0.2% -$24.3K
SE
217
DELISTED
Spectra Energy Corp Wi
SE
$10.8M 0.07%
275,059
+200
+0.1% +$8.24K
AMAT icon
218
Applied Materials
AMAT
$428B
$10.8M 0.07%
499,485
+700
+0.1% +$15.5K
DVN icon
219
Devon Energy
DVN
$47.3B
$10.7M 0.07%
157,611
+500
+0.3% +$37.2K
PARA
220
DELISTED
Paramount Global Class B
PARA
$10.6M 0.07%
198,667
-17,895
-8% -$1.05M
AEP icon
221
American Electric Power
AEP
$68.4B
$10.5M 0.07%
200,297
+300
+0.2% +$15.9K
AON icon
222
Aon
AON
$76B
$10.4M 0.07%
119,119
-2,400
-2% -$210K
KR icon
223
Kroger
KR
$34.8B
$10.4M 0.07%
400,928
-16,600
-4% -$420K
MRO
224
DELISTED
Marathon Oil Corporation
MRO
$10.4M 0.07%
276,476
-317,100
-53% -$12.6M
ARO
225
DELISTED
Aeropostale Inc
ARO
$10.4M 0.07%
3,156,000
-240,000
-7% -$850K
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 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.