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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
+1.2%
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
$14.4B
AUM Growth
+$114M
Cap. Flow
+$29.4M
Cap. Flow %
0.2%
Top 10 Hldgs %
25.89%
Holding
961
New
10
Increased
526
Reduced
342
Closed
12

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$286M
2
EG icon
Everest Group
EG
+$209M
3
USB icon
US Bancorp
USB
+$113M
4
GS icon
Goldman Sachs
GS
+$95.1M
5
EXC icon
Exelon
EXC
+$71.8M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$333M
2
PEP icon
PepsiCo
PEP
+$214M
3
BAC icon
Bank of America
BAC
+$107M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$72.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$56.8M

Sector Composition

Rank Sector Weight
1 Financials 20.25%
2 Technology 13.38%
3 Healthcare 11.88%
4 Consumer Staples 9.56%
5 Consumer Discretionary 8.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$531M 3.68%
21,083,092
-563,600
-3% -$13.8M
WMT icon
2
Walmart Inc
WMT
$865B
$478M 3.32%
18,759,771
+98,700
+0.5% +$2.49M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$453M 3.15%
2,300,550
+66,000
+3% +$13M
GS icon
4
Goldman Sachs
GS
$288B
$425M 2.95%
2,315,255
+541,600
+31% +$95.1M
WFC icon
5
Wells Fargo
WFC
$268B
$399M 2.77%
7,689,134
+5,555,100
+260% +$286M
USB icon
6
US Bancorp
USB
$97.7B
$394M 2.73%
9,410,438
+2,670,000
+40% +$113M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.23T
$291M 2.02%
10,034,173
-1,963,356
-16% -$56.8M
JNJ icon
8
Johnson & Johnson
JNJ
$642B
$274M 1.9%
2,566,167
-25,620
-1% -$2.66M
BAC icon
9
Bank of America
BAC
$416B
$244M 1.7%
14,339,834
-6,727,700
-32% -$107M
IBM icon
10
IBM
IBM
$235B
$242M 1.68%
1,335,779
+371,853
+39% +$67.7M
EXC icon
11
Exelon
EXC
$44B
$218M 1.52%
8,985,683
+3,066,595
+52% +$71.8M
EG icon
12
Everest Group
EG
$14.6B
$213M 1.48%
1,314,620
+1,292,900
+5,953% +$209M
PM icon
13
Philip Morris
PM
$304B
$211M 1.46%
2,527,045
+183,600
+8% +$15.5M
XOM icon
14
ExxonMobil
XOM
$679B
$196M 1.36%
2,080,264
+320,600
+18% +$31.9M
GILD icon
15
Gilead Sciences
GILD
$182B
$193M 1.34%
1,814,712
-149,500
-8% -$14.6M
MSFT icon
16
Microsoft
MSFT
$3.75T
$192M 1.33%
4,147,569
+215,500
+5% +$9.61M
AZO icon
17
AutoZone
AZO
$48.4B
$170M 1.18%
332,902
+29,800
+10% +$15.7M
HD icon
18
Home Depot
HD
$310B
$152M 1.06%
1,659,740
-8,800
-0.5% -$755K
SLB icon
19
SLB Ltd
SLB
$79.1B
$150M 1.04%
1,470,383
+67,900
+5% +$7.4M
QCOM icon
20
Qualcomm
QCOM
$192B
$141M 0.98%
1,884,095
+95,500
+5% +$7.3M
T icon
21
AT&T
T
$182B
$131M 0.91%
4,936,570
+493,985
+11% +$13.1M
DIS icon
22
Walt Disney
DIS
$188B
$128M 0.89%
1,434,225
-327,500
-19% -$28.9M
GE icon
23
GE Aerospace
GE
$329B
$127M 0.88%
1,032,297
+959
+0.1% +$120K
VZ icon
24
Verizon
VZ
$213B
$125M 0.87%
2,504,587
+92,200
+4% +$4.58M
CELG
25
DELISTED
Celgene Corp
CELG
$124M 0.86%
1,310,980
+439,600
+50% +$39.7M
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 2014 Portfolio in Review

As of Q3 2014, State of Michigan Retirement System held 961 positions worth $14.4B, up 0.8% from $14.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 2.3%. State of Michigan Retirement System opened 10 new positions and exited 12, leaving the 961-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q3 2014 buy was American Public Education: 725,000 shares worth $19.6M.
  • State of Michigan Retirement System added most to Wells Fargo in Q3 2014, an estimated $286M increase.
  • State of Michigan Retirement System's biggest Q3 2014 reduction was Bank of New York Mellon, cutting an estimated $333M.
  • State of Michigan Retirement System fully exited Teva Pharmaceuticals in Q3 2014, selling an estimated $31.7M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $14.4B portfolio in Q3 2014.
  • State of Michigan Retirement System opened 10 new positions and closed 12 in Q3 2014.
  • State of Michigan Retirement System's portfolio value rose 0.8% quarter-over-quarter to $14.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2014, filed 6 Nov 2014.