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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
WD icon
501
Walker & Dunlop
WD
$1.47B
$800K 0.06%
45,100
– –
BBT
502
Beacon Financial Corp
BBT
$2.71B
$798K 0.06%
28,800
– –
TCF
503
DELISTED
TCF Financial Corporation
TCF
$795K 0.06%
50,600
-3,600
-7% -$55.4K
TLYS icon
504
Tilly's
TLYS
$122M
$792K 0.06%
50,600
– –
LXK
505
DELISTED
Lexmark Intl Inc
LXK
$792K 0.06%
18,700
-1,510
-7% -$62.1K
FRME icon
506
First Merchants
FRME
$2.72B
$791K 0.06%
33,600
– –
INFU icon
507
InfuSystem Holdings
INFU
$249M
$789K 0.06%
291,100
– –
LDOS icon
508
Leidos
LDOS
$17.9B
$789K 0.06%
18,800
-1,380
-7% -$60K
WELL icon
509
Welltower
WELL
$169B
$789K 0.06%
10,200
-400
-4% -$31.5K
BID
510
DELISTED
Sotheby's
BID
$786K 0.06%
18,600
-1,340
-7% -$57.2K
BIG
511
DELISTED
Big Lots, Inc.
BIG
$781K 0.06%
16,200
-2,000
-11% -$94.4K
GATX icon
512
GATX Corp
GATX
$6.33B
$777K 0.06%
13,400
-1,140
-8% -$66.4K
JCP
513
DELISTED
J.C. Penney Company, Inc.
JCP
$776K 0.06%
92,300
-6,670
-7% -$51.9K
LTM
514
DELISTED
LIFE TIME FITNESS INC
LTM
$773K 0.06%
10,900
-770
-7% -$46.3K
CNW
515
DELISTED
CON-WAY INC.
CNW
$772K 0.06%
17,500
-1,180
-6% -$52.1K
ICE icon
516
Intercontinental Exchange
ICE
$87.2B
$770K 0.06%
16,500
-3,500
-18% -$158K
SMRT
517
DELISTED
Stein Mart Inc
SMRT
$769K 0.06%
61,400
-1,900
-3% -$26.9K
MTX icon
518
Minerals Technologies
MTX
$2.26B
$768K 0.06%
10,500
-700
-6% -$47.4K
RNST icon
519
Renasant Corp
RNST
$4B
$768K 0.06%
25,400
– –
VFC icon
520
VF Corp
VFC
$5.79B
$768K 0.06%
10,832
-1,806
-14% -$125K
SLGN icon
521
Silgan Holdings
SLGN
$4.46B
$767K 0.06%
26,400
-2,040
-7% -$56.7K
DECK icon
522
Deckers Outdoor
DECK
$12.7B
$765K 0.06%
63,000
-4,440
-7% -$57.1K
JNS
523
DELISTED
Janus Capital Group Inc
JNS
$765K 0.06%
44,500
-3,730
-8% -$63.7K
ALTO icon
524
Alto Ingredients
ALTO
$326M
$759K 0.06%
70,300
– –
OLN icon
525
Olin
OLN
$2.17B
$759K 0.06%
23,700
-1,820
-7% -$48.8K
19 20
21
22 23

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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.