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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
+3.76%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.3B
AUM Growth
-$172M
Cap. Flow
-$203M
Cap. Flow %
-15.65%
Top 10 Hldgs %
7.4%
Holding
1,685
New
30
Increased
36
Reduced
1,443
Closed
27

Top Buys

Rank Stock Value
1
QRVO icon
Qorvo
QRVO
+$3.15M
2
ENTA icon
Enanta Pharmaceuticals
ENTA
+$1.34M
3
BMS
Bemis
BMS
+$1.24M
4
KMI icon
Kinder Morgan
KMI
+$1.12M
5
DAN icon
Dana Inc
DAN
+$1.11M

Top Sells

Rank Stock Value
1
SWKS icon
Skyworks Solutions
SWKS
+$4.76M
2
AAPL icon
Apple
AAPL
+$4.28M
3
ENDP
Endo International plc
ENDP
+$3.74M
4
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$2.48M
5
AGN
Allergan Inc
AGN
+$2.19M

Sector Composition

Rank Sector Weight
1 Financials 13.9%
2 Technology 13.85%
3 Industrials 13.45%
4 Healthcare 11.91%
5 Consumer Discretionary 11.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PNC icon
226
PNC Financial Services
PNC
$102B
$1.45M 0.11%
15,500
-3,000
-16% -$271K
INFA
227
DELISTED
INFORMATICA CORP
INFA
$1.44M 0.11%
32,900
-2,820
-8% -$117K
RS icon
228
Reliance Steel & Aluminium
RS
$21.9B
$1.44M 0.11%
23,600
-1,710
-7% -$96.2K
CXW icon
229
CoreCivic
CXW
$3.33B
$1.44M 0.11%
35,300
-2,500
-7% -$98.5K
LAMR icon
230
Lamar Advertising Co
LAMR
$15.9B
$1.44M 0.11%
24,300
-1,680
-6% -$95.9K
AFG icon
231
American Financial Group
AFG
$12B
$1.44M 0.11%
22,400
-1,930
-8% -$120K
ACM icon
232
Aecom
ACM
$7.81B
$1.43M 0.11%
46,500
+5,528
+13% +$158K
CAT icon
233
Caterpillar
CAT
$393B
$1.43M 0.11%
17,900
-3,700
-17% -$307K
TJX icon
234
TJX Companies
TJX
$168B
$1.43M 0.11%
40,800
-7,800
-16% -$265K
HNT
235
DELISTED
HEALTH NET INC
HNT
$1.43M 0.11%
23,600
-2,480
-10% -$140K
CNK icon
236
Cinemark Holdings
CNK
$4.38B
$1.42M 0.11%
31,500
-2,310
-7% -$91.3K
WTRG icon
237
Essential Utilities
WTRG
$11.5B
$1.41M 0.11%
53,500
-4,030
-7% -$107K
BMS
238
DELISTED
Bemis
BMS
$1.4M 0.11%
30,200
+26,700
+763% +$1.24M
WOOF
239
DELISTED
VCA Inc.
WOOF
$1.4M 0.11%
25,500
-2,520
-9% -$132K
SON icon
240
Sonoco
SON
$5.77B
$1.4M 0.11%
30,700
-2,350
-7% -$106K
NDSN icon
241
Nordson
NDSN
$17.2B
$1.39M 0.11%
17,800
-1,250
-7% -$94.7K
BLK icon
242
Blackrock
BLK
$182B
$1.39M 0.11%
3,800
-500
-12% -$181K
LII icon
243
Lennox International
LII
$14.6B
$1.39M 0.11%
12,400
-2,100
-14% -$217K
RNR icon
244
RenaissanceRe
RNR
$13.3B
$1.39M 0.11%
13,900
+750
+6% +$75K
CNXN icon
245
PC Connection
CNXN
$2.05B
$1.39M 0.11%
53,200
– –
XLS
246
DELISTED
EXELIS INC COM STK
XLS
$1.38M 0.11%
56,500
-4,660
-8% -$99.5K
PACW
247
DELISTED
PacWest Bancorp
PACW
$1.37M 0.11%
29,300
-2,140
-7% -$96.6K
AMCX icon
248
AMC Global Media
AMCX
$491M
$1.37M 0.11%
17,900
-1,290
-7% -$89.1K
OA
249
DELISTED
Orbital ATK, Inc.
OA
$1.37M 0.11%
17,900
+7,540
+73% +$713K
JBL icon
250
Jabil
JBL
$39B
$1.37M 0.11%
58,500
-12,590
-18% -$275K
8 9
10
11 12

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2015 Portfolio in Review

As of Q1 2015, Municipal Employees' Retirement System of Michigan held 1,685 positions worth $1.3B, down 12% from $1.47B the previous quarter. Its ten largest holdings account for 7.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $203M in Q1 2015, closing 27 positions and reducing 1,443 holdings. Its most notable exit was CUBIST PHARMACEUTICALS INC, an estimated $2.48M position sold in full.

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

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Qorvo worth $3.52M.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2015 buy was Qorvo: 44,200 shares worth $3.52M.
  • Municipal Employees' Retirement System of Michigan added most to Bemis in Q1 2015, an estimated $1.24M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2015 reduction was Skyworks Solutions, cutting an estimated $4.76M.
  • Municipal Employees' Retirement System of Michigan fully exited CUBIST PHARMACEUTICALS INC in Q1 2015, selling an estimated $2.48M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.4% of its $1.3B portfolio in Q1 2015.
  • Municipal Employees' Retirement System of Michigan opened 30 new positions and closed 27 in Q1 2015.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 12% quarter-over-quarter to $1.3B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2015, filed 8 May 2015.