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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
+9.9%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$982M
AUM Growth
+$249M
Cap. Flow
+$175M
Cap. Flow %
17.78%
Top 10 Hldgs %
10.63%
Holding
913
New
10
Increased
394
Reduced
3
Closed
9

Top Buys

Rank Stock Value
1
GPOR
Gulfport Energy Corp.
GPOR
+$1.39M
2
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$1.35M
3
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$1.31M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.28M
5
BFH icon
Bread Financial
BFH
+$1.27M

Top Sells

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$1.98M
2
AME icon
Ametek
AME
+$1.51M
3
NVE
NV ENERGY, INC
NVE
+$914K
4
DELL
DELL INC
DELL
+$669K
5
NYX
NYSE EURONEXT INC
NYX
+$340K

Sector Composition

Rank Sector Weight
1 Financials 14.87%
2 Industrials 13.6%
3 Technology 13.19%
4 Healthcare 10.94%
5 Consumer Discretionary 9.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GES
601
DELISTED
Guess Inc
GES
$506K 0.05%
16,300
+6,200
+61% +$197K
VNO icon
602
Vornado Realty Trust
VNO
$7.42B
$506K 0.05%
7,791
– –
IRF
603
DELISTED
INTL RECTIFIER CORP
IRF
$506K 0.05%
19,400
+7,900
+69% +$192K
PGR icon
604
Progressive
PGR
$121B
$504K 0.05%
18,500
– –
BXP icon
605
Boston Properties
BXP
$11B
$502K 0.05%
5,000
– –
EIX icon
606
Edison International
EIX
$26.9B
$500K 0.05%
10,800
– –
ISRG icon
607
Intuitive Surgical
ISRG
$141B
$499K 0.05%
11,700
– –
XRX icon
608
Xerox
XRX
$411M
$497K 0.05%
15,484
– –
BBWI icon
609
Bath & Body Works
BBWI
$3.69B
$495K 0.05%
9,896
– –
NTAP icon
610
NetApp
NTAP
$40.3B
$494K 0.05%
12,000
– –
TRMK icon
611
Trustmark
TRMK
$2.82B
$494K 0.05%
18,400
+7,300
+66% +$197K
CAM
612
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$494K 0.05%
8,300
– –
L icon
613
Loews
L
$23.1B
$492K 0.05%
10,200
– –
MCY icon
614
Mercury Insurance
MCY
$5.83B
$492K 0.05%
9,900
+3,900
+65% +$189K
PAYX icon
615
Paychex
PAYX
$43.3B
$492K 0.05%
10,800
– –
CF icon
616
CF Industries
CF
$17.7B
$489K 0.05%
10,500
– –
ALEX
617
DELISTED
Alexander & Baldwin
ALEX
$488K 0.05%
11,700
+4,600
+65% +$177K
UPBD icon
618
Upbound Group
UPBD
$1.14B
$487K 0.05%
14,600
+5,100
+54% +$177K
HSY icon
619
Hershey
HSY
$37.3B
$486K 0.05%
5,000
– –
APH icon
620
Amphenol
APH
$209B
$482K 0.05%
43,200
– –
CPRI icon
621
Capri Holdings
CPRI
$1.79B
$481K 0.05%
+5,930
New +$468K
HNI icon
622
HNI Corp
HNI
$3.57B
$481K 0.05%
12,400
+4,900
+65% +$186K
VSH icon
623
Vishay Intertechnology
VSH
$5.29B
$480K 0.05%
36,200
+14,400
+66% +$183K
MTB icon
624
M&T Bank
MTB
$36.8B
$477K 0.05%
4,100
– –
ORLY icon
625
O'Reilly Automotive
ORLY
$74.9B
$476K 0.05%
55,500
– –
23 24
25
26 27

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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
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PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q4 2013 Portfolio in Review

As of Q4 2013, Municipal Employees' Retirement System of Michigan held 913 positions worth $982M, up 34% from $733M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $175M of net new capital in Q4 2013, opening 10 new positions and adding to 394 existing holdings. Its largest new stake was Gulfport Energy Corp.: 23,000 shares worth $1.45M.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Vertex Pharmaceuticals, an estimated $1.98M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2013 buy was Gulfport Energy Corp.: 23,000 shares worth $1.45M.
  • Municipal Employees' Retirement System of Michigan added most to Bread Financial in Q4 2013, an estimated $1.27M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2013 reduction was Vertex Pharmaceuticals, cutting an estimated $1.98M.
  • Municipal Employees' Retirement System of Michigan fully exited NV ENERGY, INC in Q4 2013, selling an estimated $914K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 11% of its $982M portfolio in Q4 2013.
  • Municipal Employees' Retirement System of Michigan opened 10 new positions and closed 9 in Q4 2013.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 34% quarter-over-quarter to $982M.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2013, filed 10 Feb 2014.