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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
CTSH icon
326
Cognizant
CTSH
$26.2B
$1.12M 0.09%
18,000
-3,100
-15% -$183K
TECH icon
327
Bio-Techne
TECH
$11.2B
$1.12M 0.09%
44,800
-3,240
-7% -$77K
TOWR
328
DELISTED
Tower International, Inc.
TOWR
$1.12M 0.09%
42,100
– –
DAL icon
329
Delta Air Lines
DAL
$60.3B
$1.11M 0.09%
24,800
-4,600
-16% -$213K
SF
330
Stifel
SF
$12.8B
$1.11M 0.09%
45,000
+7,650
+20% +$177K
KR icon
331
Kroger
KR
$34.9B
$1.11M 0.09%
29,000
-6,200
-18% -$221K
ESL
332
DELISTED
Esterline Technologies
ESL
$1.11M 0.09%
9,700
-670
-6% -$75.7K
ITT icon
333
ITT
ITT
$19.3B
$1.11M 0.09%
27,700
-2,070
-7% -$80.9K
AET
334
DELISTED
Aetna Inc
AET
$1.11M 0.09%
10,400
-2,000
-16% -$196K
BAX icon
335
Baxter International
BAX
$13.9B
$1.11M 0.09%
29,456
-5,155
-15% -$195K
MSM icon
336
MSC Industrial Direct
MSM
$6.7B
$1.1M 0.09%
15,300
-1,310
-8% -$97.8K
VVC
337
DELISTED
Vectren Corporation
VVC
$1.1M 0.09%
25,000
-1,790
-7% -$81.9K
LYV icon
338
Live Nation Entertainment
LYV
$43.4B
$1.1M 0.09%
43,700
-3,180
-7% -$80.2K
ANIK icon
339
Anika Therapeutics
ANIK
$286M
$1.1M 0.08%
26,700
+4,100
+18% +$166K
CB icon
340
Chubb
CB
$133B
$1.1M 0.08%
9,800
-1,900
-16% -$214K
ORI icon
341
Old Republic International
ORI
$10.3B
$1.1M 0.08%
73,500
-5,260
-7% -$77.2K
HAL icon
342
Halliburton
HAL
$27.5B
$1.1M 0.08%
25,000
-4,200
-14% -$175K
PRU icon
343
Prudential Financial
PRU
$42.8B
$1.09M 0.08%
13,600
-2,400
-15% -$194K
WNR
344
DELISTED
Western Refining Inc
WNR
$1.09M 0.08%
22,100
-2,120
-9% -$88.6K
DAN icon
345
Dana Inc
DAN
$3.25B
$1.09M 0.08%
+51,300
New +$1.11M
THS
346
DELISTED
Treehouse Foods
THS
$1.09M 0.08%
12,800
+2,300
+22% +$198K
RRX icon
347
Regal Rexnord
RRX
$11.5B
$1.08M 0.08%
13,500
-1,170
-8% -$87.6K
LYB icon
348
LyondellBasell Industries
LYB
$20.2B
$1.08M 0.08%
12,300
-2,100
-15% -$177K
AMN icon
349
AMN Healthcare
AMN
$1.3B
$1.08M 0.08%
46,620
+34,720
+292% +$718K
X
350
DELISTED
US Steel
X
$1.07M 0.08%
44,000
-3,120
-7% -$74K
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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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.