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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
+4.79%
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
$14.3B
AUM Growth
+$982M
Cap. Flow
+$385M
Cap. Flow %
2.69%
Top 10 Hldgs %
24.77%
Holding
977
New
24
Increased
537
Reduced
261
Closed
26

Top Buys

Rank Stock Value
1
USB icon
US Bancorp
USB
+$240M
2
WMT icon
Walmart Inc
WMT
+$238M
3
BAC icon
Bank of America
BAC
+$94.2M
4
GS icon
Goldman Sachs
GS
+$80.1M
5
HON icon
Honeywell
HON
+$20.4M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$128M
2
BBWI icon
Bath & Body Works
BBWI
+$90.3M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$54.7M
4
AIG icon
American International
AIG
+$53.5M
5
ABT icon
Abbott
ABT
+$45.5M

Sector Composition

Rank Sector Weight
1 Financials 18.02%
2 Technology 12.36%
3 Healthcare 11.76%
4 Consumer Staples 10.68%
5 Industrials 9.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.94T
$503M 3.52%
21,646,692
-1,110,000
-5% -$23.6M
WMT icon
2
Walmart Inc
WMT
$887B
$467M 3.27%
18,661,071
+9,273,300
+99% +$238M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$779B
$437M 3.06%
2,234,550
+28,000
+1% +$5.32M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$3.99T
$347M 2.43%
11,997,529
+24,137
+0.2% +$655K
BNY
5
Bank of New York Mellon
BNY
$107B
$338M 2.37%
9,028,426
-1,207,806
-12% -$41.8M
BAC icon
6
Bank of America
BAC
$435B
$324M 2.26%
21,067,534
+6,062,400
+40% +$94.2M
GS icon
7
Goldman Sachs
GS
$307B
$297M 2.08%
1,773,655
+496,500
+39% +$80.1M
USB icon
8
US Bancorp
USB
$98.7B
$292M 2.04%
6,740,438
+5,755,200
+584% +$240M
JNJ icon
9
Johnson & Johnson
JNJ
$646B
$271M 1.9%
2,591,787
-233,107
-8% -$23.6M
PEP icon
10
PepsiCo
PEP
$191B
$265M 1.85%
2,966,688
-433,200
-13% -$37.4M
PM icon
11
Philip Morris
PM
$305B
$198M 1.38%
2,343,445
+97,100
+4% +$8.36M
XOM icon
12
ExxonMobil
XOM
$641B
$177M 1.24%
1,759,664
-213,000
-11% -$21.5M
IBM icon
13
IBM
IBM
$204B
$167M 1.17%
963,926
+19,038
+2% +$3.43M
SLB icon
14
SLB Ltd
SLB
$77.6B
$165M 1.16%
1,402,483
– –
MSFT icon
15
Microsoft
MSFT
$2.9T
$164M 1.15%
3,932,069
+159,500
+4% +$6.46M
GILD icon
16
Gilead Sciences
GILD
$164B
$163M 1.14%
1,964,212
+61,400
+3% +$4.78M
AZO icon
17
AutoZone
AZO
$50.3B
$163M 1.14%
303,102
-56,500
-16% -$29.9M
EXC icon
18
Exelon
EXC
$48.4B
$154M 1.08%
5,919,088
-5,023,507
-46% -$128M
DIS icon
19
Walt Disney
DIS
$168B
$151M 1.06%
1,761,725
-5,100
-0.3% -$417K
QCOM icon
20
Qualcomm
QCOM
$177B
$142M 0.99%
1,788,595
+1,400
+0.1% +$111K
HD icon
21
Home Depot
HD
$337B
$135M 0.94%
1,668,540
+185,800
+13% +$14.7M
GE icon
22
GE Aerospace
GE
$373B
$130M 0.91%
1,031,338
+2,880
+0.3% +$366K
T icon
23
AT&T
T
$167B
$119M 0.83%
4,442,585
+399,450
+10% +$10.7M
VZ icon
24
Verizon
VZ
$198B
$118M 0.83%
2,412,387
+416,100
+21% +$20.2M
C icon
25
Citigroup
C
$221B
$115M 0.8%
2,433,700
+264,200
+12% +$12.6M
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 Q2 2014 Portfolio in Review

As of Q2 2014, State of Michigan Retirement System held 977 positions worth $14.3B, up 7.4% from $13.3B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System's Q2 2014 filing shows 24 new, 537 increased, 261 reduced and 26 closed positions. Its largest new stake was iShares Russell 2000 ETF: 136,000 shares worth $16.2M. The largest sale was Exelon, an estimated $128M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2014 buy was iShares Russell 2000 ETF: 136,000 shares worth $16.2M.
  • State of Michigan Retirement System added most to US Bancorp in Q2 2014, an estimated $240M increase.
  • State of Michigan Retirement System's biggest Q2 2014 reduction was Exelon, cutting an estimated $128M.
  • State of Michigan Retirement System fully exited Becton Dickinson in Q2 2014, selling an estimated $8.76M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $14.3B portfolio in Q2 2014.
  • State of Michigan Retirement System opened 24 new positions and closed 26 in Q2 2014.
  • State of Michigan Retirement System's portfolio value rose 7.4% quarter-over-quarter to $14.3B.

Based on State of Michigan Retirement System's 13F filing for Q2 2014, filed 6 Aug 2014.