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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
GXP
301
DELISTED
Great Plains Energy Incorporated
GXP
$1.15M 0.09%
42,400
+300
+0.7% +$7.6K
LII icon
302
Lennox International
LII
$14.5B
$1.15M 0.09%
12,600
– –
PL
303
DELISTED
PROTECTIVE LIFE CORP
PL
$1.14M 0.09%
21,700
+200
+0.9% +$10.3K
ITW icon
304
Illinois Tool Works
ITW
$82.9B
$1.14M 0.09%
14,000
+200
+1% +$16.2K
KRFT
305
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$1.14M 0.09%
20,300
+600
+3% +$32.6K
AFG icon
306
American Financial Group
AFG
$12.1B
$1.14M 0.09%
19,700
+200
+1% +$11.3K
BC icon
307
Brunswick
BC
$5.29B
$1.14M 0.09%
+25,100
New +$1.1M
NOV icon
308
NOV
NOV
$7.36B
$1.14M 0.09%
16,191
+443
+3% +$30.4K
SIRO
309
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
$1.14M 0.09%
+15,200
New +$1.08M
OHI icon
310
Omega Healthcare
OHI
$13.9B
$1.13M 0.09%
33,800
+1,700
+5% +$54.1K
INFA
311
DELISTED
INFORMATICA CORP
INFA
$1.13M 0.09%
30,000
+300
+1% +$12.1K
CFR icon
312
Cullen/Frost Bankers
CFR
$10.5B
$1.13M 0.09%
14,600
+200
+1% +$14.9K
APA icon
313
APA Corp
APA
$14B
$1.13M 0.09%
13,600
+500
+4% +$41K
RGLD icon
314
Royal Gold
RGLD
$19.1B
$1.13M 0.09%
18,000
+200
+1% +$12.3K
CPRT icon
315
Copart
CPRT
$27.2B
$1.12M 0.09%
247,200
+2,400
+1% +$10.6K
GIS icon
316
General Mills
GIS
$20.8B
$1.12M 0.09%
21,700
+200
+0.9% +$9.9K
JCI icon
317
Johnson Controls International
JCI
$91.7B
$1.11M 0.09%
22,347
+669
+3% +$33.9K
NP
318
DELISTED
Neenah, Inc. Common Stock
NP
$1.11M 0.09%
+21,400
New +$994K
KATE
319
DELISTED
Kate Spade & Company
KATE
$1.1M 0.09%
+29,700
New +$981K
VMI icon
320
Valmont Industries
VMI
$9.5B
$1.1M 0.09%
7,400
+100
+1% +$14.8K
MCRS
321
DELISTED
MICROS SYSTEMS INC
MCRS
$1.1M 0.09%
20,800
-200
-1% -$11.1K
AMT icon
322
American Tower
AMT
$81.2B
$1.1M 0.09%
13,400
+200
+2% +$16.3K
ORI icon
323
Old Republic International
ORI
$10.3B
$1.1M 0.09%
66,800
+600
+0.9% +$9.53K
ODFL icon
324
Old Dominion Freight Line
ODFL
$44.7B
$1.09M 0.09%
+57,900
New +$1.05M
STLD icon
325
Steel Dynamics
STLD
$37.3B
$1.09M 0.09%
61,400
+900
+1% +$15.8K
11 12
13
14 15

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VAS
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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.