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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
ACM icon
401
Aecom
ACM
$7.94B
$812K 0.08%
27,600
+10,600
+62% +$320K
BHI
402
DELISTED
Baker Hughes
BHI
$812K 0.08%
14,700
– –
PXD
403
DELISTED
Pioneer Natural Resource Co.
PXD
$810K 0.08%
4,400
– –
SFG
404
DELISTED
STANCORP FINL GRP
SFG
$808K 0.08%
12,200
+4,900
+67% +$302K
ROSE
405
DELISTED
ROSETTA RESOURCES INC
ROSE
$807K 0.08%
16,800
+6,800
+68% +$366K
TDW icon
406
Tidewater
TDW
$4.53B
$806K 0.08%
422
+171
+68% +$325K
DECK icon
407
Deckers Outdoor
DECK
$12.6B
$802K 0.08%
57,000
+22,800
+67% +$281K
PAY
408
DELISTED
Verifone Systems Inc
PAY
$802K 0.08%
29,900
+12,100
+68% +$289K
CME icon
409
CME Group
CME
$95.2B
$800K 0.08%
10,200
– –
VVC
410
DELISTED
Vectren Corporation
VVC
$799K 0.08%
22,500
+9,000
+67% +$311K
BEN icon
411
Franklin Resources
BEN
$17.1B
$797K 0.08%
13,800
– –
DAL icon
412
Delta Air Lines
DAL
$60.4B
$796K 0.08%
+28,970
New +$778K
SE
413
DELISTED
Spectra Energy Corp Wi
SE
$794K 0.08%
22,300
– –
ASB icon
414
Associated Banc-Corp
ASB
$6.08B
$790K 0.08%
45,400
+17,800
+64% +$296K
AMP icon
415
Ameriprise Financial
AMP
$50B
$782K 0.08%
6,800
– –
DVN icon
416
Devon Energy
DVN
$48.6B
$780K 0.08%
12,600
– –
EXC icon
417
Exelon
EXC
$46.9B
$778K 0.08%
39,817
– –
STE icon
418
Steris
STE
$22.9B
$778K 0.08%
16,200
+6,500
+67% +$297K
CNL
419
DELISTED
CLECO CRP (HOLDING CO)
CNL
$774K 0.08%
16,600
+6,600
+66% +$303K
WBS icon
420
Webster Financial
WBS
$12.8B
$773K 0.08%
24,800
+9,900
+66% +$281K
TEL icon
421
TE Connectivity
TEL
$62.5B
$772K 0.08%
14,000
– –
APD icon
422
Air Products & Chemicals
APD
$67.8B
$771K 0.08%
7,459
– –
FHN icon
423
First Horizon
FHN
$12.3B
$768K 0.08%
65,900
+26,200
+66% +$293K
AHL
424
DELISTED
ASPEN Insurance Holding Limited
AHL
$764K 0.08%
18,500
+7,300
+65% +$287K
WOOF
425
DELISTED
VCA Inc.
WOOF
$762K 0.08%
24,300
+9,800
+68% +$286K
15 16
17
18 19

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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
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.