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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
+5.11%
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
$15.1B
AUM Growth
+$699M
Cap. Flow
+$129M
Cap. Flow %
0.86%
Top 10 Hldgs %
25.21%
Holding
970
New
21
Increased
542
Reduced
301
Closed
19

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$297M
2
USB icon
US Bancorp
USB
+$211M
3
VR
Validus Hold Ltd
VR
+$143M
4
CVS icon
CVS Health
CVS
+$134M
5
GSK icon
GSK
GSK
+$119M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$204M
2
WMT icon
Walmart Inc
WMT
+$191M
3
JNJ icon
Johnson & Johnson
JNJ
+$122M
4
IBM icon
IBM
IBM
+$115M
5
AZO icon
AutoZone
AZO
+$104M

Sector Composition

Rank Sector Weight
1 Financials 20.57%
2 Technology 13.14%
3 Healthcare 12.75%
4 Consumer Discretionary 9.04%
5 Industrials 8.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USB icon
1
US Bancorp
USB
$97.7B
$643M 4.26%
14,304,738
+4,894,300
+52% +$211M
AAPL icon
2
Apple
AAPL
$4.86T
$593M 3.92%
21,484,972
+401,880
+2% +$10.9M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$476M 3.15%
2,314,950
+14,400
+0.6% +$2.89M
WFC icon
4
Wells Fargo
WFC
$268B
$459M 3.04%
8,381,134
+692,000
+9% +$36.6M
VZ icon
5
Verizon
VZ
$213B
$401M 2.65%
8,566,687
+6,062,100
+242% +$297M
WMT icon
6
Walmart Inc
WMT
$865B
$335M 2.22%
11,707,602
-7,052,169
-38% -$191M
EG icon
7
Everest Group
EG
$14.6B
$244M 1.61%
1,431,520
+116,900
+9% +$19.7M
GS icon
8
Goldman Sachs
GS
$288B
$238M 1.58%
1,229,755
-1,085,500
-47% -$204M
CVS icon
9
CVS Health
CVS
$122B
$214M 1.42%
2,223,500
+1,525,400
+219% +$134M
PM icon
10
Philip Morris
PM
$304B
$206M 1.36%
2,531,950
+4,905
+0.2% +$421K
QCOM icon
11
Qualcomm
QCOM
$192B
$205M 1.35%
2,752,095
+868,000
+46% +$63.5M
HD icon
12
Home Depot
HD
$310B
$201M 1.33%
1,911,840
+252,100
+15% +$24.5M
MSFT icon
13
Microsoft
MSFT
$3.75T
$197M 1.31%
4,248,624
+101,055
+2% +$4.74M
GILD icon
14
Gilead Sciences
GILD
$182B
$196M 1.3%
2,080,312
+265,600
+15% +$27.5M
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.23T
$182M 1.21%
6,913,649
-3,120,524
-31% -$83.7M
BAC icon
16
Bank of America
BAC
$416B
$182M 1.2%
10,164,857
-4,174,977
-29% -$71.4M
UNP icon
17
Union Pacific
UNP
$169B
$182M 1.2%
1,524,256
+409,300
+37% +$47M
XOM icon
18
ExxonMobil
XOM
$679B
$181M 1.2%
1,960,664
-119,600
-6% -$11.2M
APTV icon
19
Aptiv
APTV
$9.3B
$158M 1.04%
2,169,290
+1,017,200
+88% +$70.1M
VR
20
DELISTED
Validus Hold Ltd
VR
$148M 0.98%
+3,550,000
New +$143M
JNJ icon
21
Johnson & Johnson
JNJ
$642B
$147M 0.97%
1,405,060
-1,161,107
-45% -$122M
EXC icon
22
Exelon
EXC
$44B
$147M 0.97%
5,543,493
-3,442,190
-38% -$88.3M
TSLA icon
23
Tesla
TSLA
$1.42T
$139M 0.92%
9,349,815
+4,350,000
+87% +$68M
GSK icon
24
GSK
GSK
$100B
$137M 0.91%
2,571,200
+2,134,400
+489% +$119M
SLB icon
25
SLB Ltd
SLB
$79.1B
$133M 0.88%
1,558,183
+87,800
+6% +$8.08M
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 Q4 2014 Portfolio in Review

As of Q4 2014, State of Michigan Retirement System held 970 positions worth $15.1B, up 4.8% from $14.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2014: portfolio turnover was 4.1%. State of Michigan Retirement System opened 21 new positions and exited 19, leaving the 970-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q4 2014 buy was Validus Hold Ltd: 3,550,000 shares worth $148M.
  • State of Michigan Retirement System added most to Verizon in Q4 2014, an estimated $297M increase.
  • State of Michigan Retirement System's biggest Q4 2014 reduction was Goldman Sachs, cutting an estimated $204M.
  • State of Michigan Retirement System fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $18.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $15.1B portfolio in Q4 2014.
  • State of Michigan Retirement System opened 21 new positions and closed 19 in Q4 2014.
  • State of Michigan Retirement System's portfolio value rose 4.8% quarter-over-quarter to $15.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2014, filed 3 Feb 2015.