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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
+9.9%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$982M
AUM Growth
+$249M
Cap. Flow
+$175M
Cap. Flow %
17.78%
Top 10 Hldgs %
10.63%
Holding
913
New
10
Increased
394
Reduced
3
Closed
9

Top Buys

Rank Stock Value
1
GPOR
Gulfport Energy Corp.
GPOR
+$1.39M
2
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$1.35M
3
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$1.31M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.28M
5
BFH icon
Bread Financial
BFH
+$1.27M

Top Sells

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$1.98M
2
AME icon
Ametek
AME
+$1.51M
3
NVE
NV ENERGY, INC
NVE
+$914K
4
DELL
DELL INC
DELL
+$669K
5
NYX
NYSE EURONEXT INC
NYX
+$340K

Sector Composition

Rank Sector Weight
1 Financials 14.87%
2 Industrials 13.6%
3 Technology 13.19%
4 Healthcare 10.94%
5 Consumer Discretionary 9.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPRT icon
276
Copart
CPRT
$27B
$1.12M 0.11%
244,800
+104,800
+75% +$440K
WR
277
DELISTED
Westar Energy Inc
WR
$1.12M 0.11%
34,800
+14,000
+67% +$442K
KRC icon
278
Kilroy Realty
KRC
$4.29B
$1.12M 0.11%
22,300
+9,900
+80% +$507K
TCO
279
DELISTED
Taubman Centers Inc.
TCO
$1.12M 0.11%
17,500
+7,000
+67% +$466K
STT icon
280
State Street
STT
$52.3B
$1.12M 0.11%
15,200
– –
KMT icon
281
Kennametal
KMT
$2.33B
$1.11M 0.11%
21,300
+8,300
+64% +$393K
STR
282
DELISTED
QUESTAR CORP
STR
$1.1M 0.11%
48,000
+19,200
+67% +$441K
AMCX icon
283
AMC Global Media
AMCX
$501M
$1.1M 0.11%
16,200
+6,700
+71% +$446K
SVC
284
Service Properties Trust
SVC
$1.07B
$1.1M 0.11%
8,177
+3,545
+77% +$493K
CDNS icon
285
Cadence Design Systems
CDNS
$89.2B
$1.09M 0.11%
77,800
+31,300
+67% +$420K
VMI icon
286
Valmont Industries
VMI
$9.47B
$1.09M 0.11%
7,300
+3,400
+87% +$480K
PL
287
DELISTED
PROTECTIVE LIFE CORP
PL
$1.09M 0.11%
21,500
+8,600
+67% +$405K
WWAV
288
DELISTED
The WhiteWave Foods Company
WWAV
$1.09M 0.11%
47,400
+18,900
+66% +$393K
URS
289
DELISTED
URS CORP
URS
$1.09M 0.11%
20,500
+8,000
+64% +$421K
TGI
290
DELISTED
Triumph Group
TGI
$1.08M 0.11%
14,200
+5,700
+67% +$413K
GIS icon
291
General Mills
GIS
$20.7B
$1.07M 0.11%
21,500
– –
CFR icon
292
Cullen/Frost Bankers
CFR
$10.5B
$1.07M 0.11%
14,400
+4,500
+45% +$322K
ITT icon
293
ITT
ITT
$19.1B
$1.07M 0.11%
24,700
+9,900
+67% +$394K
LII icon
294
Lennox International
LII
$14.6B
$1.07M 0.11%
12,600
+5,000
+66% +$397K
OA
295
DELISTED
Orbital ATK, Inc.
OA
$1.07M 0.11%
8,800
+3,500
+66% +$395K
CRI icon
296
Carter's
CRI
$1.44B
$1.07M 0.11%
14,900
+6,500
+77% +$463K
COV
297
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$1.07M 0.11%
15,700
– –
MSM icon
298
MSC Industrial Direct
MSM
$6.71B
$1.07M 0.11%
13,200
+5,500
+71% +$435K
KRFT
299
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$1.06M 0.11%
19,700
– –
GD icon
300
General Dynamics
GD
$106B
$1.06M 0.11%
11,100
– –
10 11
12
13 14

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VAS
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SFM
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AI
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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 Q4 2013 Portfolio in Review

As of Q4 2013, Municipal Employees' Retirement System of Michigan held 913 positions worth $982M, up 34% from $733M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $175M of net new capital in Q4 2013, opening 10 new positions and adding to 394 existing holdings. Its largest new stake was Gulfport Energy Corp.: 23,000 shares worth $1.45M.

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

On the sell side, the largest reduction was Vertex Pharmaceuticals, an estimated $1.98M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2013 buy was Gulfport Energy Corp.: 23,000 shares worth $1.45M.
  • Municipal Employees' Retirement System of Michigan added most to Bread Financial in Q4 2013, an estimated $1.27M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2013 reduction was Vertex Pharmaceuticals, cutting an estimated $1.98M.
  • Municipal Employees' Retirement System of Michigan fully exited NV ENERGY, INC in Q4 2013, selling an estimated $914K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 11% of its $982M portfolio in Q4 2013.
  • Municipal Employees' Retirement System of Michigan opened 10 new positions and closed 9 in Q4 2013.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 34% quarter-over-quarter to $982M.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2013, filed 10 Feb 2014.