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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 16.95%
2 Healthcare 13.25%
3 Technology 12.45%
4 Consumer Discretionary 10%
5 Consumer Staples 9.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$436M 3.28%
22,756,692
+319,200
+1% +$6.07M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$413M 3.1%
2,206,550
-1,304,000
-37% -$239M
BNY
3
Bank of New York Mellon
BNY
$107B
$361M 2.71%
10,236,232
+1,166,300
+13% +$38.5M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.23T
$332M 2.5%
11,973,392
-1,322,940
-10% -$38.5M
PEP icon
5
PepsiCo
PEP
$186B
$284M 2.13%
3,399,888
+1,279,900
+60% +$104M
JNJ icon
6
Johnson & Johnson
JNJ
$642B
$277M 2.08%
2,824,894
-1,209,800
-30% -$112M
EXC icon
7
Exelon
EXC
$44B
$262M 1.97%
10,942,595
+525,190
+5% +$11.1M
BAC icon
8
Bank of America
BAC
$416B
$258M 1.94%
15,005,134
-2,177,900
-13% -$36.6M
WMT icon
9
Walmart Inc
WMT
$865B
$239M 1.8%
9,387,771
+7,207,800
+331% +$181M
GS icon
10
Goldman Sachs
GS
$288B
$209M 1.57%
1,277,155
+156,100
+14% +$26.3M
AZO icon
11
AutoZone
AZO
$48.4B
$193M 1.45%
359,602
+128,730
+56% +$66.8M
XOM icon
12
ExxonMobil
XOM
$679B
$193M 1.45%
1,972,664
-12,200
-0.6% -$1.16M
PM icon
13
Philip Morris
PM
$304B
$184M 1.38%
2,246,345
+528,200
+31% +$42.7M
IBM icon
14
IBM
IBM
$235B
$174M 1.31%
944,888
-1,465
-0.2% -$258K
MSFT icon
15
Microsoft
MSFT
$3.75T
$155M 1.16%
3,772,569
-25,200
-0.7% -$946K
DIS icon
16
Walt Disney
DIS
$188B
$141M 1.06%
1,766,825
-81,600
-4% -$6.32M
QCOM icon
17
Qualcomm
QCOM
$192B
$141M 1.06%
1,787,195
+3,400
+0.2% +$256K
SLB icon
18
SLB Ltd
SLB
$79.1B
$137M 1.03%
1,402,483
+220,100
+19% +$19.9M
WFC icon
19
Wells Fargo
WFC
$268B
$136M 1.02%
2,724,434
-900,400
-25% -$41.9M
GILD icon
20
Gilead Sciences
GILD
$182B
$135M 1.01%
1,902,812
+89,400
+5% +$7.01M
GE icon
21
GE Aerospace
GE
$329B
$128M 0.96%
1,028,458
-32,134
-3% -$3.97M
AIG icon
22
American International
AIG
$39.9B
$122M 0.92%
2,448,402
+508,000
+26% +$25.3M
BBWI icon
23
Bath & Body Works
BBWI
$3.61B
$118M 0.89%
2,578,502
+1,973,510
+326% +$89.2M
MRK icon
24
Merck
MRK
$357B
$118M 0.88%
2,170,233
-731,085
-25% -$37.9M
HD icon
25
Home Depot
HD
$310B
$117M 0.88%
1,482,740
+390,200
+36% +$31M
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 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.