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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
BMR
251
DELISTED
BIOMED REALTY TRUST INC
BMR
$1.37M 0.11%
59,700
-3,680
-6% -$84.5K
GHC icon
252
Graham Holdings Company
GHC
$5.01B
$1.36M 0.11%
2,152
-198
-8% -$117K
ACC
253
DELISTED
American Campus Communities, Inc.
ACC
$1.36M 0.11%
31,800
-2,280
-7% -$97.5K
ODP
254
DELISTED
ODP
ODP
$1.35M 0.1%
14,670
-1,042
-7% -$92.8K
NEE icon
255
NextEra Energy
NEE
$179B
$1.34M 0.1%
51,600
-8,800
-15% -$232K
BNY
256
Bank of New York Mellon
BNY
$110B
$1.34M 0.1%
33,300
-6,200
-16% -$241K
CY
257
DELISTED
Cypress Semiconductor
CY
$1.34M 0.1%
95,000
+47,460
+100% +$703K
MMS icon
258
Maximus
MMS
$2.86B
$1.33M 0.1%
19,900
+2,600
+15% +$154K
LHO
259
DELISTED
LaSalle Hotel Properties
LHO
$1.33M 0.1%
33,800
– –
CGNX icon
260
Cognex
CGNX
$10.3B
$1.31M 0.1%
52,800
-3,540
-6% -$75.3K
BRSL
261
Brightstar Lottery PLC
BRSL
$2.17B
$1.3M 0.1%
74,900
-5,370
-7% -$93.4K
GGG icon
262
Graco
GGG
$13.1B
$1.3M 0.1%
54,000
-4,500
-8% -$112K
KEX icon
263
Kirby Corp
KEX
$7.2B
$1.3M 0.1%
17,300
-1,220
-7% -$94.1K
COF icon
264
Capital One
COF
$136B
$1.29M 0.1%
16,400
-3,400
-17% -$267K
CPRT icon
265
Copart
CPRT
$26.7B
$1.29M 0.1%
275,200
-19,600
-7% -$90.8K
FDX icon
266
FedEx
FDX
$78.8B
$1.29M 0.1%
7,800
-1,800
-19% -$313K
CYN
267
DELISTED
CITY NATIONAL CORPORATION
CYN
$1.29M 0.1%
14,500
-1,040
-7% -$89.9K
PSX icon
268
Phillips 66
PSX
$91.3B
$1.29M 0.1%
16,400
-3,200
-16% -$235K
KATE
269
DELISTED
Kate Spade & Company
KATE
$1.29M 0.1%
38,500
-2,720
-7% -$86.1K
EXAC
270
DELISTED
Exactech Inc
EXAC
$1.28M 0.1%
50,000
– –
FLO icon
271
Flowers Foods
FLO
$1.57B
$1.27M 0.1%
55,900
-3,980
-7% -$82.6K
EXP icon
272
Eagle Materials
EXP
$6.46B
$1.27M 0.1%
15,200
-1,090
-7% -$84.9K
PTC icon
273
PTC
PTC
$15.9B
$1.27M 0.1%
35,100
-3,020
-8% -$104K
DTV
274
DELISTED
DIRECTV COM STK (DE)
DTV
$1.27M 0.1%
14,900
-1,300
-8% -$112K
STR
275
DELISTED
QUESTAR CORP
STR
$1.27M 0.1%
53,100
-3,810
-7% -$93K
9 10
11
12 13

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.