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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
SKT icon
376
Tanger
SKT
$4.43B
$1.02M 0.08%
29,000
-2,070
-7% -$77.2K
SWI
377
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$1.02M 0.08%
19,900
-1,400
-7% -$69.5K
GNCMA
378
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
$1.02M 0.08%
64,500
-2,300
-3% -$33.7K
WBS icon
379
Webster Financial
WBS
$12.8B
$1.01M 0.08%
27,300
-2,010
-7% -$67.5K
GIS icon
380
General Mills
GIS
$20.6B
$1.01M 0.08%
17,800
-3,500
-16% -$187K
WMB icon
381
Williams Companies
WMB
$90B
$1.01M 0.08%
19,900
-5,700
-22% -$264K
SXT icon
382
Sensient Technologies
SXT
$5.58B
$1.01M 0.08%
14,600
-1,050
-7% -$65.5K
LPNT
383
DELISTED
LifePoint Health, Inc.
LPNT
$1.01M 0.08%
13,700
-950
-6% -$67.4K
CLC
384
DELISTED
Clarcor
CLC
$1M 0.08%
15,200
-1,180
-7% -$76.4K
JCI icon
385
Johnson Controls International
JCI
$92.6B
$1M 0.08%
18,814
-3,151
-14% -$160K
RTN
386
DELISTED
Raytheon Company
RTN
$1M 0.08%
9,100
-1,700
-16% -$183K
HE icon
387
Hawaiian Electric Industries
HE
$2.05B
$999K 0.08%
31,100
-2,190
-7% -$73K
CNL
388
DELISTED
CLECO CRP (HOLDING CO)
CNL
$998K 0.08%
18,300
-1,300
-7% -$70.8K
CI icon
389
Cigna
CI
$73.5B
$997K 0.08%
7,700
-1,600
-17% -$186K
REGN icon
390
Regeneron Pharmaceuticals
REGN
$83.2B
$993K 0.08%
2,200
-600
-21% -$254K
IPGP icon
391
IPG Photonics
IPGP
$3.64B
$992K 0.08%
+10,700
New +$924K
DST
392
DELISTED
DST Systems Inc.
DST
$985K 0.08%
17,800
-2,060
-10% -$106K
RVBD
393
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
$981K 0.08%
46,900
-4,960
-10% -$103K
VLO icon
394
Valero Energy
VLO
$97.6B
$980K 0.08%
15,400
-3,100
-17% -$173K
SRDX
395
DELISTED
Surmodics
SRDX
$978K 0.08%
37,600
-1,100
-3% -$26.2K
NATI
396
DELISTED
National Instruments Corp
NATI
$977K 0.08%
30,500
-2,150
-7% -$66.8K
FHI icon
397
Federated Hermes
FHI
$4.69B
$976K 0.08%
28,800
-2,210
-7% -$73.4K
CSX icon
398
CSX Corp
CSX
$93.6B
$974K 0.08%
88,200
-16,200
-16% -$186K
PLUS icon
399
ePlus
PLUS
$2.29B
$974K 0.08%
44,800
– –
NOC icon
400
Northrop Grumman
NOC
$81.6B
$966K 0.07%
6,000
-1,400
-19% -$224K
14 15
16
17 18

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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
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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.