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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+10.34%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$780B
$648M 4.95%
3,510,550
+1,175,000
+50% +$208M
AAPL icon
2
Apple
AAPL
$4.96T
$450M 3.44%
22,437,492
-2,889,600
-11% -$54.6M
GOOG icon
3
Alphabet (Google) Class C
GOOG
$3.99T
$371M 2.84%
13,296,332
-68,255
-0.5% -$1.73M
JNJ icon
4
Johnson & Johnson
JNJ
$657B
$370M 2.82%
4,034,694
-296,700
-7% -$27.3M
BNY
5
Bank of New York Mellon
BNY
$105B
$317M 2.42%
9,069,932
+4,427,000
+95% +$144M
BAC icon
6
Bank of America
BAC
$438B
$268M 2.04%
17,183,034
-13,006
-0.1% -$193K
EXC icon
7
Exelon
EXC
$49.4B
$204M 1.55%
10,417,405
+7,748,854
+290% +$156M
XOM icon
8
ExxonMobil
XOM
$645B
$201M 1.53%
1,984,864
+182,900
+10% +$16.9M
GS icon
9
Goldman Sachs
GS
$303B
$199M 1.52%
1,121,055
+331,500
+42% +$54.7M
PEP icon
10
PepsiCo
PEP
$198B
$176M 1.34%
2,119,988
-3,800
-0.2% -$316K
IBM icon
11
IBM
IBM
$204B
$170M 1.3%
946,353
+438,379
+86% +$75.6M
WFC icon
12
Wells Fargo
WFC
$264B
$165M 1.26%
3,624,834
-600
-0% -$25.9K
PM icon
13
Philip Morris
PM
$321B
$150M 1.14%
1,718,145
+83,900
+5% +$7.33M
GE icon
14
GE Aerospace
GE
$377B
$142M 1.09%
1,060,592
+5,529
+0.5% +$696K
MSFT icon
15
Microsoft
MSFT
$2.92T
$142M 1.09%
3,797,769
+66,500
+2% +$2.42M
DIS icon
16
Walt Disney
DIS
$171B
$141M 1.08%
1,848,425
-11,400
-0.6% -$790K
MRK icon
17
Merck
MRK
$331B
$139M 1.06%
2,901,318
-2,620
-0.1% -$120K
CVX icon
18
Chevron
CVX
$382B
$139M 1.06%
1,109,274
+105,200
+10% +$12.7M
GILD icon
19
Gilead Sciences
GILD
$166B
$136M 1.04%
1,813,412
+800
+0% +$55.7K
K
20
DELISTED
Kellanova
K
$133M 1.02%
2,326,815
-414,498
-15% -$23.9M
QCOM icon
21
Qualcomm
QCOM
$175B
$132M 1.01%
1,783,795
-11,000
-0.6% -$776K
PG icon
22
Procter & Gamble
PG
$355B
$123M 0.94%
1,513,512
+5,700
+0.4% +$464K
PFE icon
23
Pfizer
PFE
$145B
$112M 0.85%
3,848,418
+67,246
+2% +$1.96M
AMZN icon
24
Amazon
AMZN
$2.47T
$111M 0.85%
5,575,000
+4,000
+0.1% +$71.9K
AZO icon
25
AutoZone
AZO
$51.6B
$110M 0.84%
230,872
+161,400
+232% +$72.4M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.