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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
TGI
426
DELISTED
Triumph Group
TGI
$920K 0.07%
15,400
-1,290
-8% -$77.5K
ECL icon
427
Ecolab
ECL
$77.4B
$918K 0.07%
8,000
-1,300
-14% -$142K
UFS
428
DELISTED
DOMTAR CORPORATION (New)
UFS
$909K 0.07%
19,500
-1,600
-8% -$67.4K
STT icon
429
State Street
STT
$52.2B
$908K 0.07%
12,300
-2,600
-17% -$195K
SMG icon
430
ScottsMiracle-Gro
SMG
$3.59B
$907K 0.07%
13,500
-1,000
-7% -$65.1K
AEO icon
431
American Eagle Outfitters
AEO
$2.73B
$905K 0.07%
53,000
-3,820
-7% -$58.2K
WEN icon
432
Wendy's
WEN
$1.65B
$905K 0.07%
83,000
-6,390
-7% -$68.3K
WWD icon
433
Woodward
WWD
$21.2B
$903K 0.07%
17,700
-1,240
-7% -$59.2K
ADM icon
434
Archer Daniels Midland
ADM
$38.6B
$901K 0.07%
19,000
-3,700
-16% -$176K
IDTI
435
DELISTED
Integrated Device Technology I
IDTI
$901K 0.07%
45,000
-3,330
-7% -$65.5K
CHEF icon
436
Chefs' Warehouse
CHEF
$4.57B
$899K 0.07%
40,100
– –
WG
437
DELISTED
Willbros Group
WG
$899K 0.07%
271,700
– –
BDX icon
438
Becton Dickinson
BDX
$49.6B
$898K 0.07%
6,413
-455
-7% -$63.7K
MRSH
439
Marsh
MRSH
$90B
$897K 0.07%
16,000
-3,000
-16% -$169K
LSTR icon
440
Landstar System
LSTR
$6.4B
$895K 0.07%
13,500
-1,010
-7% -$68.4K
AHL
441
DELISTED
ASPEN Insurance Holding Limited
AHL
$893K 0.07%
18,900
-2,360
-11% -$107K
THO icon
442
Thor Industries
THO
$4.11B
$891K 0.07%
14,100
-950
-6% -$56.5K
CME icon
443
CME Group
CME
$96.1B
$890K 0.07%
9,400
-1,500
-14% -$139K
LUV icon
444
Southwest Airlines
LUV
$22B
$890K 0.07%
20,100
-3,800
-16% -$166K
CAH icon
445
Cardinal Health
CAH
$53.8B
$888K 0.07%
9,800
-2,000
-17% -$172K
ALL icon
446
Allstate
ALL
$65.9B
$887K 0.07%
12,400
-2,600
-17% -$184K
REMY
447
DELISTED
REMY INTL INC NEW COMMON
REMY
$884K 0.07%
39,800
– –
PCP
448
DELISTED
PRECISION CASTPARTS CORP
PCP
$882K 0.07%
4,200
-800
-16% -$170K
GCAP
449
DELISTED
Gain Capital Holdings, Inc.
GCAP
$874K 0.07%
89,500
– –
CBT icon
450
Cabot Corp
CBT
$4.45B
$873K 0.07%
19,400
-1,560
-7% -$68.9K
16 17
18
19 20

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VAS
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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.