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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
THG icon
401
Hanover Insurance
THG
$7.77B
$965K 0.07%
13,300
-1,000
-7% -$70.8K
FEIC
402
DELISTED
FEI COMPANY
FEIC
$962K 0.07%
12,600
-1,020
-7% -$81.6K
CLGX
403
DELISTED
Corelogic, Inc.
CLGX
$959K 0.07%
27,200
-2,390
-8% -$80.7K
IDA icon
404
Idacorp
IDA
$8.16B
$956K 0.07%
15,200
-1,120
-7% -$72K
ADAM
405
Adamas Trust
ADAM
$907M
$955K 0.07%
29,725
– –
PB icon
406
Prosperity Bancshares
PB
$8.97B
$955K 0.07%
18,100
-1,370
-7% -$69.6K
FMER
407
DELISTED
FIRSTMERIT CORP
FMER
$955K 0.07%
50,100
-3,570
-7% -$64.6K
AVGO icon
408
Broadcom
AVGO
$1.99T
$952K 0.07%
75,000
-12,000
-14% -$138K
CMP icon
409
Compass Minerals
CMP
$1.1B
$951K 0.07%
10,200
-690
-6% -$63K
ETN icon
410
Eaton
ETN
$176B
$951K 0.07%
14,000
-2,500
-15% -$170K
NP
411
DELISTED
Neenah, Inc. Common Stock
NP
$951K 0.07%
15,200
-1,100
-7% -$65.9K
TKR icon
412
Timken Company
TKR
$9.1B
$948K 0.07%
22,500
-2,260
-9% -$93.7K
FNFG
413
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$948K 0.07%
107,200
-7,680
-7% -$65.5K
MUSA icon
414
Murphy USA
MUSA
$10.4B
$941K 0.07%
13,000
-950
-7% -$66.8K
CLH icon
415
Clean Harbors
CLH
$16.9B
$937K 0.07%
16,500
-1,410
-8% -$73K
NSC icon
416
Norfolk Southern
NSC
$75.9B
$937K 0.07%
9,100
-1,600
-15% -$171K
CXT icon
417
Crane NXT
CXT
$2.96B
$936K 0.07%
43,185
-3,109
-7% -$67.8K
DE icon
418
Deere & Co
DE
$165B
$936K 0.07%
10,600
-2,000
-16% -$177K
AOL
419
DELISTED
AOL INC COMMON STOCK
AOL
$935K 0.07%
23,600
-1,940
-8% -$83.1K
STRR
420
DELISTED
Star Equity Holdings
STRR
$934K 0.07%
4,114
– –
WPG
421
DELISTED
Washington Prime Group Inc.
WPG
$933K 0.07%
6,189
+589
+11% +$91.3K
PPG icon
422
PPG Industries
PPG
$25.5B
$925K 0.07%
8,200
-1,400
-15% -$160K
VMI icon
423
Valmont Industries
VMI
$9.5B
$924K 0.07%
7,500
-430
-5% -$52.7K
HTLF
424
DELISTED
Heartland Financial USA, Inc.
HTLF
$923K 0.07%
28,300
– –
VIAV icon
425
Viavi Solutions
VIAV
$10.6B
$921K 0.07%
123,412
-7,875
-6% -$59.8K
15 16
17
18 19

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.