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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
AKRX
351
DELISTED
Akorn Inc
AKRX
$1.07M 0.08%
22,500
+4,200
+23% +$191K
SLH
352
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
$1.07M 0.08%
20,700
-1,570
-7% -$82.8K
SGI
353
Somnigroup International
SGI
$14B
$1.07M 0.08%
74,000
-5,080
-6% -$70.3K
TUP
354
DELISTED
Tupperware Brands Corporation
TUP
$1.07M 0.08%
15,300
-1,060
-6% -$71.6K
CBSH icon
355
Commerce Bancshares
CBSH
$8.6B
$1.06M 0.08%
42,930
-3,061
-7% -$74.7K
TRV icon
356
Travelers Companies
TRV
$77.3B
$1.06M 0.08%
9,800
-2,200
-18% -$235K
ENTA icon
357
Enanta Pharmaceuticals
ENTA
$401M
$1.06M 0.08%
+34,550
New +$1.34M
SPXC icon
358
SPX Corp
SPXC
$10.8B
$1.06M 0.08%
49,240
-5,600
-10% -$120K
UVE icon
359
Universal Insurance Holdings
UVE
$1.18B
$1.06M 0.08%
41,300
-1,900
-4% -$44.7K
SM icon
360
SM Energy
SM
$7.61B
$1.05M 0.08%
20,400
-1,470
-7% -$63.8K
DLX icon
361
Deluxe
DLX
$1.1B
$1.05M 0.08%
15,100
-1,060
-7% -$69K
ITW icon
362
Illinois Tool Works
ITW
$82.7B
$1.04M 0.08%
10,700
-2,500
-19% -$241K
ZEUS
363
DELISTED
Olympic Steel
ZEUS
$1.04M 0.08%
77,630
+21,530
+38% +$317K
WSO icon
364
Watsco Inc
WSO
$12.9B
$1.04M 0.08%
8,300
-550
-6% -$63.1K
ATML
365
DELISTED
ATMEL CORP
ATML
$1.04M 0.08%
126,400
-9,500
-7% -$79.8K
PX
366
DELISTED
Praxair Inc
PX
$1.04M 0.08%
8,600
-1,500
-15% -$188K
ADBE icon
367
Adobe
ADBE
$102B
$1.03M 0.08%
14,000
-2,000
-13% -$149K
SCHW
368
Charles Schwab
SCHW
$190B
$1.03M 0.08%
34,000
-6,500
-16% -$188K
RYN icon
369
Rayonier
RYN
$6.51B
$1.03M 0.08%
42,215
-3,053
-7% -$77.7K
CST
370
DELISTED
CST Brands, Inc.
CST
$1.03M 0.08%
23,500
-1,060
-4% -$46K
AVNT icon
371
Avient
AVNT
$4.2B
$1.03M 0.08%
27,500
-2,490
-8% -$94.5K
SPN
372
DELISTED
Superior Energy Services, Inc.
SPN
$1.03M 0.08%
4,610
-413
-8% -$85.8K
YUM icon
373
Yum! Brands
YUM
$41.3B
$1.02M 0.08%
18,083
-3,199
-15% -$175K
FHN icon
374
First Horizon
FHN
$12.4B
$1.02M 0.08%
71,200
-5,810
-8% -$80.1K
ALXN
375
DELISTED
Alexion Pharmaceuticals
ALXN
$1.02M 0.08%
5,900
-900
-13% -$163K
13 14
15
16 17

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 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.