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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
TFC icon
476
Truist Financial
TFC
$64.7B
$830K 0.06%
21,300
-3,600
-14% -$136K
MN
477
DELISTED
MANNING & NAPIER, INC.
MN
$829K 0.06%
63,700
– –
HZO icon
478
MarineMax
HZO
$1.15B
$828K 0.06%
31,200
-1,600
-5% -$39.1K
MHFI
479
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$827K 0.06%
8,000
-1,400
-15% -$138K
VSTO
480
DELISTED
Vista Outdoor Inc.
VSTO
$826K 0.06%
+19,300
New +$819K
INTU icon
481
Intuit
INTU
$98B
$824K 0.06%
8,500
-1,300
-13% -$121K
PRI icon
482
Primerica
PRI
$9.62B
$819K 0.06%
16,100
-1,540
-9% -$80K
CHS
483
DELISTED
Chicos FAS, Inc.
CHS
$819K 0.06%
46,300
-3,330
-7% -$57.9K
CCI icon
484
Crown Castle
CCI
$32.2B
$817K 0.06%
9,900
-1,600
-14% -$136K
AEP icon
485
American Electric Power
AEP
$68.3B
$816K 0.06%
14,500
-2,400
-14% -$142K
SYK icon
486
Stryker
SYK
$131B
$815K 0.06%
8,800
-1,400
-14% -$130K
CEB
487
DELISTED
CEB Inc.
CEB
$815K 0.06%
10,200
-750
-7% -$56.4K
BOH icon
488
Bank of Hawaii
BOH
$3.15B
$814K 0.06%
13,300
-1,070
-7% -$63.2K
INVX
489
Innovex International
INVX
$2.15B
$814K 0.06%
11,900
-1,080
-8% -$77.8K
BHI
490
DELISTED
Baker Hughes
BHI
$814K 0.06%
12,800
-2,300
-15% -$139K
AMAT icon
491
Applied Materials
AMAT
$424B
$812K 0.06%
36,000
-6,100
-14% -$146K
AOI
492
DELISTED
Alliance One International
AOI
$811K 0.06%
73,690
-2,090
-3% -$23.5K
AON icon
493
Aon
AON
$75.7B
$807K 0.06%
8,400
-1,900
-18% -$184K
WST icon
494
West Pharmaceutical
WST
$24.4B
$807K 0.06%
13,400
-4,700
-26% -$250K
CAB
495
DELISTED
Cabela's Inc
CAB
$806K 0.06%
14,400
-1,050
-7% -$58.1K
KMT icon
496
Kennametal
KMT
$2.32B
$805K 0.06%
23,900
-1,650
-6% -$55.7K
FLNA
497
Filana Therapeutics
FLNA
$45.7M
$803K 0.06%
60,700
– –
HUM icon
498
Humana
HUM
$46.2B
$802K 0.06%
4,500
-900
-17% -$142K
ZEP
499
DELISTED
ZEP INC COM STK (DE)
ZEP
$802K 0.06%
47,100
-1,500
-3% -$24.5K
TOWN icon
500
Towne Bank
TOWN
$3.5B
$800K 0.06%
49,400
– –
18 19
20
21 22

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.