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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
BANR icon
526
Banner Corp
BANR
$2.5B
$758K 0.06%
16,500
-1,300
-7% -$56.2K
UFI icon
527
UNIFI
UFI
$120M
$757K 0.06%
21,000
+2,700
+15% +$88.1K
DFS
528
DELISTED
Discover Financial Services
DFS
$755K 0.06%
13,400
-2,700
-17% -$160K
SFNC icon
529
Simmons First National
SFNC
$3.46B
$755K 0.06%
33,000
-2,600
-7% -$52.9K
ACIW icon
530
ACI Worldwide
ACIW
$5.42B
$754K 0.06%
34,800
-2,260
-6% -$44.9K
NFLX icon
531
Netflix
NFLX
$326B
$750K 0.06%
126,000
-21,000
-14% -$127K
PCG icon
532
PG&E
PCG
$38.5B
$749K 0.06%
14,000
-2,100
-13% -$116K
VIAB
533
DELISTED
Viacom Inc. Class B
VIAB
$749K 0.06%
10,900
-2,600
-19% -$180K
SRE icon
534
Sempra
SRE
$56.5B
$746K 0.06%
13,600
-2,200
-14% -$121K
HNI icon
535
HNI Corp
HNI
$3.56B
$745K 0.06%
13,500
-1,150
-8% -$59K
SHOE
536
Shoe Station Group
SHOE
$415M
$742K 0.06%
50,400
– –
TIME
537
DELISTED
Time Inc.
TIME
$741K 0.06%
33,000
-2,370
-7% -$56.7K
TDS icon
538
Telephone and Data Systems
TDS
$4.03B
$740K 0.06%
29,700
-2,430
-8% -$60.7K
TTC icon
539
Toro Company
TTC
$9.21B
$739K 0.06%
21,000
-7,400
-26% -$245K
HWC icon
540
Hancock Whitney
HWC
$6.37B
$738K 0.06%
24,700
-1,880
-7% -$53.8K
ECYT
541
DELISTED
Endocyte, Inc. Common Stock
ECYT
$736K 0.06%
117,500
– –
POST icon
542
Post Holdings
POST
$3.65B
$731K 0.06%
23,837
+1,605
+7% +$49K
RJET
543
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
$730K 0.06%
53,100
+9,400
+22% +$130K
KEM
544
DELISTED
KEMET Corporation
KEM
$729K 0.06%
176,100
– –
BZH icon
545
Beazer Homes USA
BZH
$874M
$728K 0.06%
41,100
– –
AVTA
546
DELISTED
Avantax, Inc. Common Stock
AVTA
$728K 0.06%
53,300
-3,100
-5% -$43.2K
SVU
547
DELISTED
SUPERVALU Inc.
SVU
$727K 0.06%
8,929
-628
-7% -$45K
PRFT
548
DELISTED
Perficient Inc
PRFT
$726K 0.06%
35,100
-2,300
-6% -$44.6K
SAM icon
549
Boston Beer
SAM
$1.9B
$722K 0.06%
2,700
+400
+17% +$116K
ROL icon
550
Rollins
ROL
$17.4B
$720K 0.06%
65,475
-5,063
-7% -$51.1K
20 21
22
23 24

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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
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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.