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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
+5.75%
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
$11.4B
AUM Growth
+$521M
Cap. Flow
-$6.83M
Cap. Flow %
-0.06%
Top 10 Hldgs %
22.32%
Holding
968
New
21
Increased
597
Reduced
269
Closed
15

Top Buys

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$51.3M
2
EXC icon
Exelon
EXC
+$47.7M
3
GILD icon
Gilead Sciences
GILD
+$40.9M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$37.9M
5
K
Kellanova
K
+$34.1M

Top Sells

Rank Stock Value
1
GIS icon
General Mills
GIS
+$81.9M
2
APOL
Apollo Education Group Inc Class A
APOL
+$69.1M
3
CME icon
CME Group
CME
+$68.5M
4
UNH icon
UnitedHealth
UNH
+$58.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$57.3M

Sector Composition

Rank Sector Weight
1 Financials 17.03%
2 Healthcare 14.74%
3 Technology 12.7%
4 Consumer Staples 9.85%
5 Industrials 8.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$431M 3.78%
25,327,092
-221,200
-0.9% -$3.67M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$393M 3.44%
2,335,550
+1,000
+0% +$168K
JNJ icon
3
Johnson & Johnson
JNJ
$642B
$375M 3.29%
4,331,394
+157,400
+4% +$14.1M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.23T
$292M 2.55%
13,364,587
+1,714,402
+15% +$37.9M
BAC icon
5
Bank of America
BAC
$416B
$237M 2.08%
17,196,040
-170,100
-1% -$2.43M
SCHW
6
Charles Schwab
SCHW
$186B
$194M 1.7%
9,179,409
-339,700
-4% -$7.39M
PEP icon
7
PepsiCo
PEP
$186B
$169M 1.48%
2,123,788
-370,800
-15% -$30.5M
XOM icon
8
ExxonMobil
XOM
$679B
$155M 1.36%
1,801,964
-177,300
-9% -$16M
K
9
DELISTED
Kellanova
K
$151M 1.32%
2,741,313
+571,479
+26% +$34.1M
WFC icon
10
Wells Fargo
WFC
$268B
$150M 1.31%
3,625,434
-35,100
-1% -$1.5M
AIG icon
11
American International
AIG
$39.4B
$143M 1.25%
2,941,502
-67,300
-2% -$3.2M
PM icon
12
Philip Morris
PM
$304B
$142M 1.24%
1,634,245
+80,389
+5% +$7.03M
BNY
13
Bank of New York Mellon
BNY
$107B
$140M 1.23%
4,642,932
+1,671,500
+56% +$51.3M
MRK icon
14
Merck
MRK
$357B
$132M 1.16%
2,903,938
-37,833
-1% -$1.73M
TEVA icon
15
Teva Pharmaceuticals
TEVA
$45.1B
$126M 1.11%
3,343,097
– –
GS icon
16
Goldman Sachs
GS
$288B
$125M 1.09%
789,555
-5,200
-0.7% -$837K
MSFT icon
17
Microsoft
MSFT
$3.75T
$124M 1.09%
3,731,269
+23,800
+0.6% +$783K
CVX icon
18
Chevron
CVX
$416B
$122M 1.07%
1,004,074
-105,300
-9% -$12.9M
QCOM icon
19
Qualcomm
QCOM
$192B
$121M 1.06%
1,794,795
+407,000
+29% +$26.7M
GE icon
20
GE Aerospace
GE
$329B
$121M 1.06%
1,055,063
-11,956
-1% -$1.37M
DIS icon
21
Walt Disney
DIS
$188B
$120M 1.05%
1,859,825
+131,400
+8% +$8.42M
PG icon
22
Procter & Gamble
PG
$339B
$114M 1%
1,507,812
-15,600
-1% -$1.24M
GILD icon
23
Gilead Sciences
GILD
$182B
$114M 1%
1,812,612
+685,100
+61% +$40.9M
SLB icon
24
SLB Ltd
SLB
$79.1B
$105M 0.92%
1,185,183
-1,800
-0.2% -$148K
PFE icon
25
Pfizer
PFE
$158B
$103M 0.9%
3,781,172
+9,529
+0.3% +$259K
1
2 3 4 5

Similar funds

GT
Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM
EIM
Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return
CIG
Capricorn Investment Group Palo Alto, California $22.5B AUM 50.37% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.7B AUM 32.92% 1-Year Est. Return
CB
Commerce Bank Kansas City, Missouri $22.8B AUM 28.56% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $22.3B AUM 36.19% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $22.3B AUM 79.91% 1-Year Est. Return

State of Michigan Retirement System's Q3 2013 Portfolio in Review

As of Q3 2013, State of Michigan Retirement System held 968 positions worth $11.4B, up 4.8% from $10.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 3.7%. State of Michigan Retirement System opened 21 new positions and exited 15, leaving the 968-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 807,877 shares worth $27.1M.
  • State of Michigan Retirement System added most to Bank of New York Mellon in Q3 2013, an estimated $51.3M increase.
  • State of Michigan Retirement System's biggest Q3 2013 reduction was General Mills, cutting an estimated $81.9M.
  • State of Michigan Retirement System fully exited Apollo Education Group Inc Class A in Q3 2013, selling an estimated $69.1M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $11.4B portfolio in Q3 2013.
  • State of Michigan Retirement System opened 21 new positions and closed 15 in Q3 2013.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2013, filed 8 Nov 2013.