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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
LUV icon
201
Southwest Airlines
LUV
$23B
$11.8M 0.08%
279,576
-1,300
-0.5% -$48.5K
VRTX icon
202
Vertex Pharmaceuticals
VRTX
$126B
$11.8M 0.08%
99,100
+1,500
+2% +$169K
ECL icon
203
Ecolab
ECL
$79.9B
$11.6M 0.08%
111,253
+700
+0.6% +$76.6K
SYK icon
204
Stryker
SYK
$130B
$11.6M 0.08%
123,092
+500
+0.4% +$44.4K
CME icon
205
CME Group
CME
$94.8B
$11.6M 0.08%
130,381
+900
+0.7% +$76.3K
TFC icon
206
Truist Financial
TFC
$64B
$11.5M 0.08%
296,741
+1,700
+0.6% +$64K
CAG icon
207
Conagra Brands
CAG
$7.23B
$11.5M 0.08%
406,002
-171,291
-30% -$4.69M
APD icon
208
Air Products & Chemicals
APD
$67.6B
$11.4M 0.08%
85,617
+648
+0.8% +$82K
EWD icon
209
iShares MSCI Sweden ETF
EWD
$595M
$11.4M 0.08%
360,000
– –
VEA icon
210
Vanguard FTSE Developed Markets ETF
VEA
$236B
$11.4M 0.08%
300,000
– –
AFL icon
211
Aflac
AFL
$63.4B
$11.3M 0.08%
371,218
-200
-0.1% -$5.91K
EPD icon
212
Enterprise Products Partners
EPD
$81.7B
$11.2M 0.07%
311,000
-53,000
-15% -$1.96M
AON icon
213
Aon
AON
$76B
$11.1M 0.07%
117,419
-1,700
-1% -$152K
CI icon
214
Cigna
CI
$74.6B
$11.1M 0.07%
107,780
-400
-0.4% -$39.4K
TROW icon
215
T. Rowe Price
TROW
$24.3B
$11.1M 0.07%
128,893
+21,100
+20% +$1.72M
PSA icon
216
Public Storage
PSA
$61.3B
$11M 0.07%
59,741
+300
+0.5% +$54.3K
NGG icon
217
National Grid
NGG
$81.3B
$11M 0.07%
161,749
-59,082
-27% -$4.11M
CAH icon
218
Cardinal Health
CAH
$55.4B
$11M 0.07%
136,331
-1,700
-1% -$134K
PARA
219
DELISTED
Paramount Global Class B
PARA
$10.9M 0.07%
196,367
-2,300
-1% -$123K
INTU icon
220
Intuit
INTU
$89B
$10.8M 0.07%
117,568
+1,200
+1% +$107K
CCI icon
221
Crown Castle
CCI
$32.2B
$10.8M 0.07%
137,504
+600
+0.4% +$48.1K
TCP
222
DELISTED
TC Pipelines LP
TCP
$10.8M 0.07%
151,000
– –
NVS icon
223
Novartis
NVS
$297B
$10.7M 0.07%
129,233
– –
EQR icon
224
Equity Residential
EQR
$25.1B
$10.7M 0.07%
149,267
+1,000
+0.7% +$69.2K
VFC icon
225
VF Corp
VFC
$5.89B
$10.7M 0.07%
151,161
+956
+0.6% +$63.2K
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 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.