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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
ACC
351
DELISTED
American Campus Communities, Inc.
ACC
$924K 0.09%
28,700
+11,500
+67% +$386K
DFS
352
DELISTED
Discover Financial Services
DFS
$923K 0.09%
16,500
– –
ATML
353
DELISTED
ATMEL CORP
ATML
$917K 0.09%
117,100
+46,600
+66% +$341K
PPG icon
354
PPG Industries
PPG
$25.5B
$910K 0.09%
9,600
– –
RRX icon
355
Regal Rexnord
RRX
$11.4B
$907K 0.09%
12,300
+4,900
+66% +$355K
CLH icon
356
Clean Harbors
CLH
$16.8B
$905K 0.09%
15,100
+6,200
+70% +$357K
NOC icon
357
Northrop Grumman
NOC
$81.3B
$905K 0.09%
7,900
– –
CRS icon
358
Carpenter Technology
CRS
$26.6B
$902K 0.09%
14,500
+7,200
+99% +$436K
CVLT icon
359
Commault Systems
CVLT
$6.01B
$899K 0.09%
12,000
+4,900
+69% +$384K
SGI
360
Somnigroup International
SGI
$13.7B
$896K 0.09%
66,400
+26,400
+66% +$303K
CXT icon
361
Crane NXT
CXT
$2.94B
$894K 0.09%
38,291
+15,259
+66% +$335K
HIW icon
362
Highwoods Properties
HIW
$3.49B
$890K 0.09%
24,600
+11,100
+82% +$405K
MRSH
363
Marsh
MRSH
$89.5B
$885K 0.09%
18,300
– –
CLC
364
DELISTED
Clarcor
CLC
$882K 0.09%
13,700
+5,500
+67% +$326K
NSR
365
DELISTED
Neustar Inc
NSR
$878K 0.09%
17,600
+6,800
+63% +$327K
ESL
366
DELISTED
Esterline Technologies
ESL
$877K 0.09%
8,600
+3,500
+69% +$299K
WMB icon
367
Williams Companies
WMB
$89.7B
$876K 0.09%
22,700
– –
LPS
368
DELISTED
LENDER PROCESSING SERVICES INC
LPS
$875K 0.09%
23,400
+9,400
+67% +$325K
GLW icon
369
Corning
GLW
$143B
$873K 0.09%
49,000
– –
AON icon
370
Aon
AON
$74.3B
$872K 0.09%
10,400
– –
TFC icon
371
Truist Financial
TFC
$64.6B
$870K 0.09%
23,300
– –
ALL icon
372
Allstate
ALL
$65.3B
$867K 0.09%
15,900
– –
ALXN
373
DELISTED
Alexion Pharmaceuticals
ALXN
$865K 0.09%
6,500
– –
AET
374
DELISTED
Aetna Inc
AET
$865K 0.09%
12,609
– –
TECH icon
375
Bio-Techne
TECH
$11.3B
$861K 0.09%
36,400
+13,600
+60% +$295K
13 14
15
16 17

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VAS
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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 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.