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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
EPR icon
576
EPR Properties
EPR
$4.73B
$667K 0.05%
+12,500
New +$645K
TDW icon
577
Tidewater
TDW
$4.55B
$666K 0.05%
425
+3
+0.7% +$4.91K
PRA
578
DELISTED
ProAssurance
PRA
$663K 0.05%
+14,900
New +$680K
MDSO
579
DELISTED
Medidata Solutions, Inc.
MDSO
$663K 0.05%
+12,200
New +$743K
EQR icon
580
Equity Residential
EQR
$24.7B
$661K 0.05%
11,400
+700
+7% +$39.5K
PCG icon
581
PG&E
PCG
$38.5B
$661K 0.05%
15,300
+700
+5% +$29.7K
WDC icon
582
Western Digital
WDC
$168B
$661K 0.05%
9,526
– –
LUMN icon
583
Lumen
LUMN
$6.6B
$660K 0.05%
20,100
-800
-4% -$24.5K
PEG icon
584
Public Service Enterprise Group
PEG
$37.8B
$660K 0.05%
17,300
+400
+2% +$13.8K
AXE
585
DELISTED
Anixter International Inc
AXE
$660K 0.05%
+6,500
New +$635K
LPX icon
586
Louisiana-Pacific
LPX
$5.18B
$658K 0.05%
39,000
+600
+2% +$10.5K
WEN icon
587
Wendy's
WEN
$1.65B
$657K 0.05%
72,000
-5,500
-7% -$50.4K
CMTL icon
588
Comtech Telecommunications
CMTL
$52.7M
$656K 0.05%
+20,600
New +$649K
WAFD icon
589
WaFd
WAFD
$2.81B
$655K 0.05%
28,100
-200
-0.7% -$4.54K
CST
590
DELISTED
CST Brands, Inc.
CST
$653K 0.05%
20,900
+200
+1% +$6.35K
MANH icon
591
Manhattan Associates
MANH
$11.7B
$652K 0.05%
+18,600
New +$648K
PNY
592
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
$651K 0.05%
+18,400
New +$616K
TSYS
593
DELISTED
TELECOMMUNICATIONS SYS INC "A"
TSYS
$650K 0.05%
+282,600
New +$643K
CIEN icon
594
Ciena
CIEN
$62.7B
$648K 0.05%
28,500
+200
+0.7% +$4.7K
STJ
595
DELISTED
St Jude Medical
STJ
$647K 0.05%
9,900
+500
+5% +$32.5K
APTV icon
596
Aptiv
APTV
$10.2B
$645K 0.05%
9,500
-300
-3% -$19.2K
AZO icon
597
AutoZone
AZO
$49.6B
$645K 0.05%
1,200
– –
CNW
598
DELISTED
CON-WAY INC.
CNW
$645K 0.05%
15,700
+200
+1% +$7.87K
PLAB icon
599
Photronics
PLAB
$1.97B
$644K 0.05%
+75,500
New +$640K
WFM
600
DELISTED
Whole Foods Market Inc
WFM
$644K 0.05%
12,700
+1,300
+11% +$69.3K
22 23
24
25 26

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SFM
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AI
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PEA
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SUT
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WPL
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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.