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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
+2.91%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$303M
Cap. Flow
+$280M
Cap. Flow %
21.78%
Top 10 Hldgs %
7.95%
Holding
1,672
New
768
Increased
659
Reduced
141
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.55M
2
STC icon
Stewart Information Services
STC
+$2.48M
3
PMC
PharMerica Corporation
PMC
+$2.33M
4
PTRY
PANTRY INC (THE)
PTRY
+$1.92M
5
SPTN
SpartanNash
SPTN
+$1.67M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$3.15M
2
TSCO icon
Tractor Supply
TSCO
+$2.37M
3
MHK icon
Mohawk Industries
MHK
+$2.09M
4
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$934K
5
LPS
LENDER PROCESSING SERVICES INC
LPS
+$875K

Sector Composition

Rank Sector Weight
1 Financials 14.34%
2 Industrials 13.9%
3 Technology 13.06%
4 Healthcare 10.79%
5 Consumer Discretionary 10.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INTC icon
26
Intel
INTC
$527B
$4.38M 0.34%
169,500
+4,700
+3% +$117K
PEP icon
27
PepsiCo
PEP
$192B
$4.37M 0.34%
52,300
+900
+2% +$73.1K
AMZN icon
28
Amazon
AMZN
$2.86T
$4.24M 0.33%
252,000
+10,000
+4% +$186K
WMT icon
29
Walmart Inc
WMT
$921B
$4.22M 0.33%
165,600
-900
-0.5% -$22.6K
CSCO icon
30
Cisco
CSCO
$447B
$4.09M 0.32%
182,400
+4,800
+3% +$106K
GMCR
31
DELISTED
KEURIG GREEN MTN INC
GMCR
$3.82M 0.3%
36,200
+300
+0.8% +$29.8K
HD icon
32
Home Depot
HD
$341B
$3.8M 0.3%
48,000
-1,800
-4% -$143K
V icon
33
Visa
V
$682B
$3.76M 0.29%
69,600
+800
+1% +$44.5K
GILD icon
34
Gilead Sciences
GILD
$171B
$3.71M 0.29%
52,300
+1,500
+3% +$118K
META icon
35
Meta Platforms (Facebook)
META
$1.52T
$3.38M 0.26%
+56,100
New +$3.55M
RTX icon
36
RTX Corp
RTX
$297B
$3.37M 0.26%
45,763
+1,112
+2% +$79.9K
MCD icon
37
McDonald's
MCD
$193B
$3.32M 0.26%
33,900
+500
+1% +$47.8K
AMGN icon
38
Amgen
AMGN
$226B
$3.17M 0.25%
25,700
+800
+3% +$97K
CVS icon
39
CVS Health
CVS
$121B
$3.04M 0.24%
40,600
-400
-1% -$28.3K
BA icon
40
Boeing
BA
$182B
$2.96M 0.23%
23,600
+900
+4% +$117K
MMM icon
41
3M
MMM
$94.2B
$2.96M 0.23%
26,073
+837
+3% +$93K
UNP icon
42
Union Pacific
UNP
$177B
$2.95M 0.23%
31,400
– –
COP icon
43
ConocoPhillips
COP
$150B
$2.94M 0.23%
41,800
+1,100
+3% +$73.6K
AMG icon
44
Affiliated Managers Group
AMG
$9.7B
$2.92M 0.23%
14,600
+100
+0.7% +$19.6K
BMY icon
45
Bristol-Myers Squibb
BMY
$132B
$2.91M 0.23%
56,100
+1,500
+3% +$79.8K
XEC
46
DELISTED
CIMAREX ENERGY CO
XEC
$2.86M 0.22%
24,000
+300
+1% +$32.2K
HSIC icon
47
Henry Schein
HSIC
$10B
$2.83M 0.22%
60,435
– –
AXP icon
48
American Express
AXP
$232B
$2.83M 0.22%
31,400
-600
-2% -$53.6K
UNH icon
49
UnitedHealth
UNH
$358B
$2.82M 0.22%
34,400
+200
+0.6% +$15.1K
ABBV icon
50
AbbVie
ABBV
$443B
$2.79M 0.22%
54,200
+1,500
+3% +$75.8K
1
2
3 4 5

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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
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
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Municipal Employees' Retirement System of Michigan's Q1 2014 Portfolio in Review

As of Q1 2014, Municipal Employees' Retirement System of Michigan held 1,672 positions worth $1.29B, up 31% from $982M the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $280M of net new capital in Q1 2014, opening 768 new positions and adding to 659 existing holdings. Its largest new stake was Meta Platforms (Facebook): 56,100 shares worth $3.38M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Bread Financial, an estimated $3.15M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2014 buy was Meta Platforms (Facebook): 56,100 shares worth $3.38M.
  • Municipal Employees' Retirement System of Michigan added most to Teradyne in Q1 2014, an estimated $899K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2014 reduction was Bread Financial, cutting an estimated $3.15M.
  • Municipal Employees' Retirement System of Michigan fully exited HEALTH MGMT ASSOC INC CL-A in Q1 2014, selling an estimated $934K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q1 2014.
  • Municipal Employees' Retirement System of Michigan opened 768 new positions and closed 5 in Q1 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 31% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2014, filed 13 May 2014.