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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
BID
326
DELISTED
Sotheby's
BID
$995K 0.1%
18,700
+7,500
+67% +$386K
CBSH icon
327
Commerce Bancshares
CBSH
$8.6B
$993K 0.1%
39,688
+15,740
+66% +$386K
CRM icon
328
Salesforce
CRM
$157B
$993K 0.1%
18,000
– –
PB icon
329
Prosperity Bancshares
PB
$8.97B
$983K 0.1%
15,500
+7,800
+101% +$492K
XLS
330
DELISTED
EXELIS INC COM STK
XLS
$983K 0.1%
55,264
+22,170
+67% +$353K
CSX icon
331
CSX Corp
CSX
$93.3B
$981K 0.1%
102,300
– –
IM
332
DELISTED
Ingram Micro
IM
$981K 0.1%
41,800
+16,700
+67% +$391K
RTN
333
DELISTED
Raytheon Company
RTN
$980K 0.1%
10,800
– –
AOL
334
DELISTED
AOL INC COMMON STOCK
AOL
$979K 0.1%
21,000
+8,300
+65% +$339K
NSC icon
335
Norfolk Southern
NSC
$76B
$975K 0.1%
10,500
– –
SNV
336
DELISTED
Synovus
SNV
$965K 0.1%
38,286
+18,215
+91% +$429K
OHI icon
337
Omega Healthcare
OHI
$14.1B
$957K 0.1%
32,100
+12,900
+67% +$409K
ADM icon
338
Archer Daniels Midland
ADM
$38.8B
$955K 0.1%
22,000
– –
SCHW
339
Charles Schwab
SCHW
$189B
$954K 0.1%
36,700
– –
BMR
340
DELISTED
BIOMED REALTY TRUST INC
BMR
$953K 0.1%
52,600
+22,000
+72% +$417K
CNK icon
341
Cinemark Holdings
CNK
$4.35B
$947K 0.1%
28,400
+11,700
+70% +$384K
TIBX
342
DELISTED
TIBCO SOFTWARE INC
TIBX
$942K 0.1%
41,900
+16,300
+64% +$399K
HMA
343
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
$934K 0.1%
71,300
+28,600
+67% +$370K
ELV icon
344
Elevance Health
ELV
$86.9B
$933K 0.1%
10,100
– –
CYT
345
DELISTED
CYTEC INDS INC
CYT
$932K 0.09%
20,000
+6,200
+45% +$269K
CLGX
346
DELISTED
Corelogic, Inc.
CLGX
$931K 0.09%
26,200
+10,500
+67% +$342K
LAMR icon
347
Lamar Advertising Co
LAMR
$15.9B
$930K 0.09%
17,800
+8,700
+96% +$425K
ECL icon
348
Ecolab
ECL
$77.1B
$928K 0.09%
8,900
– –
VLO icon
349
Valero Energy
VLO
$96.6B
$927K 0.09%
18,400
– –
LDOS icon
350
Leidos
LDOS
$17.7B
$925K 0.09%
19,900
+17,550
+747% +$810K
12 13
14
15 16

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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.