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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
PEP icon
26
PepsiCo
PEP
$189B
$4.24M 0.33%
44,300
-8,200
-16% -$793K
CSCO icon
27
Cisco
CSCO
$488B
$4.19M 0.32%
151,200
-26,200
-15% -$738K
AMZN icon
28
Amazon
AMZN
$2.88T
$4.17M 0.32%
224,000
-34,000
-13% -$598K
ORCL icon
29
Oracle
ORCL
$442B
$4.13M 0.32%
95,600
-17,810
-16% -$772K
HBI
30
DELISTED
Hanesbrands
HBI
$4.05M 0.31%
121,000
-8,360
-6% -$253K
WMT icon
31
Walmart Inc
WMT
$923B
$3.87M 0.3%
140,100
-27,300
-16% -$774K
EQIX icon
32
Equinix
EQIX
$105B
$3.87M 0.3%
16,600
-1,077
-6% -$244K
V icon
33
Visa
V
$671B
$3.79M 0.29%
58,000
-11,600
-17% -$767K
SLG icon
34
SL Green Realty
SLG
$4B
$3.77M 0.29%
30,164
-1,787
-6% -$221K
AMGN icon
35
Amgen
AMGN
$225B
$3.6M 0.28%
22,500
-3,700
-14% -$583K
HSIC icon
36
Henry Schein
HSIC
$10.1B
$3.56M 0.27%
65,025
-4,973
-7% -$273K
QRVO icon
37
Qorvo
QRVO
$8.67B
$3.52M 0.27%
+44,200
New +$3.15M
PM icon
38
Philip Morris
PM
$290B
$3.5M 0.27%
45,900
-8,600
-16% -$698K
CVS icon
39
CVS Health
CVS
$121B
$3.5M 0.27%
33,900
-6,600
-16% -$668K
O icon
40
Realty Income
O
$59.2B
$3.49M 0.27%
69,557
-5,046
-7% -$253K
AGN
41
DELISTED
Allergan plc
AGN
$3.46M 0.27%
11,641
+2,441
+27% +$696K
CHD icon
42
Church & Dwight Co
CHD
$24B
$3.46M 0.27%
81,000
-5,780
-7% -$241K
QCOM icon
43
Qualcomm
QCOM
$171B
$3.41M 0.26%
49,200
-9,200
-16% -$648K
SIG icon
44
Signet Jewelers
SIG
$3.59B
$3.37M 0.26%
24,300
-1,740
-7% -$216K
UNH icon
45
UnitedHealth
UNH
$364B
$3.36M 0.26%
28,400
-5,500
-16% -$611K
SLXP
46
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$3.33M 0.26%
19,300
-1,370
-7% -$201K
AAP icon
47
Advance Auto Parts
AAP
$3.23B
$3.31M 0.26%
22,100
-1,590
-7% -$245K
MDT icon
48
Medtronic
MDT
$116B
$3.28M 0.25%
41,900
+7,300
+21% +$553K
SLB icon
49
SLB Ltd
SLB
$78.1B
$3.19M 0.25%
38,000
-7,100
-16% -$591K
BMY icon
50
Bristol-Myers Squibb
BMY
$130B
$3.16M 0.24%
49,000
-8,400
-15% -$526K
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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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
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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.