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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+2.91%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$303M
Cap. Flow
+$280M
Cap. Flow %
21.78%
Top 10 Hldgs %
7.95%
Holding
1,672
New
768
Increased
659
Reduced
141
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.55M
2
STC icon
Stewart Information Services
STC
+$2.48M
3
PMC
PharMerica Corporation
PMC
+$2.33M
4
PTRY
PANTRY INC (THE)
PTRY
+$1.92M
5
SPTN
SpartanNash
SPTN
+$1.67M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$3.15M
2
TSCO icon
Tractor Supply
TSCO
+$2.37M
3
MHK icon
Mohawk Industries
MHK
+$2.09M
4
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$934K
5
LPS
LENDER PROCESSING SERVICES INC
LPS
+$875K

Sector Composition

Rank Sector Weight
1 Financials 14.34%
2 Industrials 13.9%
3 Technology 13.06%
4 Healthcare 10.79%
5 Consumer Discretionary 10.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRC icon
226
Kilroy Realty
KRC
$4.3B
$1.33M 0.1%
22,700
+400
+2% +$22.1K
LYB icon
227
LyondellBasell Industries
LYB
$20.2B
$1.32M 0.1%
14,900
+2,200
+17% +$185K
SO icon
228
Southern Company
SO
$107B
$1.32M 0.1%
30,100
+1,400
+5% +$58.7K
JKHY icon
229
Jack Henry & Associates
JKHY
$11.1B
$1.32M 0.1%
23,700
+300
+1% +$17.2K
SM icon
230
SM Energy
SM
$7.71B
$1.32M 0.1%
18,500
+200
+1% +$15.6K
TWC
231
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$1.32M 0.1%
9,600
-200
-2% -$27.4K
PX
232
DELISTED
Praxair Inc
PX
$1.31M 0.1%
10,000
+100
+1% +$13K
CNXN icon
233
PC Connection
CNXN
$2.04B
$1.31M 0.1%
+64,300
New +$1.39M
TGT icon
234
Target
TGT
$70.6B
$1.31M 0.1%
21,600
-100
-0.5% -$5.93K
PNRA
235
DELISTED
Panera Bread Co
PNRA
$1.31M 0.1%
7,400
-300
-4% -$53.1K
REGI
236
DELISTED
Renewable Energy Group, Inc.
REGI
$1.31M 0.1%
+109,000
New +$1.2M
REG icon
237
Regency Centers
REG
$14.1B
$1.3M 0.1%
25,500
+200
+0.8% +$9.83K
TKR icon
238
Timken Company
TKR
$9.1B
$1.29M 0.1%
30,734
+140
+0.5% +$5.75K
CNQR
239
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
$1.29M 0.1%
13,000
+100
+0.8% +$11.3K
ATO icon
240
Atmos Energy
ATO
$28.7B
$1.29M 0.1%
27,300
+2,500
+10% +$115K
EV
241
DELISTED
Eaton Vance Corp.
EV
$1.28M 0.1%
33,600
+400
+1% +$15.4K
SUNE
242
DELISTED
SUNEDISON, INC COM
SUNE
$1.28M 0.1%
67,800
+1,800
+3% +$30K
DTV
243
DELISTED
DIRECTV COM STK (DE)
DTV
$1.28M 0.1%
16,700
-2,400
-13% -$176K
ADP icon
244
Automatic Data Processing
ADP
$110B
$1.27M 0.1%
18,680
+228
+1% +$15.5K
HSH
245
DELISTED
HILLSHIRE BRANDS CO
HSH
$1.27M 0.1%
34,000
+300
+0.9% +$10.8K
PCP
246
DELISTED
PRECISION CASTPARTS CORP
PCP
$1.26M 0.1%
5,000
+100
+2% +$25.9K
GGG icon
247
Graco
GGG
$13.3B
$1.26M 0.1%
50,700
+300
+0.6% +$7.5K
CORE
248
DELISTED
Core Mark Holding Co., Inc.
CORE
$1.26M 0.1%
+69,600
New +$1.32M
GNTX icon
249
Gentex
GNTX
$4.99B
$1.26M 0.1%
80,000
+1,000
+1% +$16K
PTEN icon
250
Patterson-UTI
PTEN
$4.16B
$1.26M 0.1%
39,800
-600
-1% -$16.7K
8 9
10
11 12

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SFM
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AI
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PEA
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SUT
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2014 Portfolio in Review

As of Q1 2014, Municipal Employees' Retirement System of Michigan held 1,672 positions worth $1.29B, up 31% from $982M the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $280M of net new capital in Q1 2014, opening 768 new positions and adding to 659 existing holdings. Its largest new stake was Meta Platforms (Facebook): 56,100 shares worth $3.38M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Bread Financial, an estimated $3.15M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2014 buy was Meta Platforms (Facebook): 56,100 shares worth $3.38M.
  • Municipal Employees' Retirement System of Michigan added most to Teradyne in Q1 2014, an estimated $899K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2014 reduction was Bread Financial, cutting an estimated $3.15M.
  • Municipal Employees' Retirement System of Michigan fully exited HEALTH MGMT ASSOC INC CL-A in Q1 2014, selling an estimated $934K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q1 2014.
  • Municipal Employees' Retirement System of Michigan opened 768 new positions and closed 5 in Q1 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 31% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2014, filed 13 May 2014.