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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
BGFV
601
DELISTED
Big 5 Sporting Goods
BGFV
$666K 0.05%
50,200
-1,200
-2% -$15.4K
M icon
602
Macy's
M
$6.27B
$666K 0.05%
10,200
-2,300
-18% -$148K
PCAR icon
603
PACCAR
PCAR
$68.8B
$663K 0.05%
15,750
-2,700
-15% -$115K
SYY icon
604
Sysco
SYY
$40B
$662K 0.05%
17,400
-2,900
-14% -$114K
CERN
605
DELISTED
Cerner Corp
CERN
$659K 0.05%
9,000
-1,200
-12% -$83.1K
CASY icon
606
Casey's General Stores
CASY
$31.6B
$658K 0.05%
7,300
-2,500
-26% -$225K
ROST icon
607
Ross Stores
ROST
$78.6B
$653K 0.05%
12,400
-2,400
-16% -$119K
VTRS icon
608
Viatris
VTRS
$18.4B
$653K 0.05%
11,000
-1,900
-15% -$108K
FCS
609
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$653K 0.05%
35,900
-3,110
-8% -$52.9K
EPR icon
610
EPR Properties
EPR
$4.73B
$652K 0.05%
10,800
-2,900
-21% -$178K
BWLD
611
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$652K 0.05%
3,600
-1,200
-25% -$223K
CGI
612
DELISTED
Celadon Group Inc
CGI
$651K 0.05%
23,900
-1,500
-6% -$37.3K
ORLY icon
613
O'Reilly Automotive
ORLY
$74.9B
$649K 0.05%
45,000
-10,500
-19% -$141K
WAFD icon
614
WaFd
WAFD
$2.81B
$648K 0.05%
29,700
-2,610
-8% -$55.1K
ACH
615
Accendra Health
ACH
$84.6M
$646K 0.05%
19,100
-1,390
-7% -$48.4K
PLD icon
616
Prologis
PLD
$134B
$645K 0.05%
14,800
-2,500
-14% -$110K
OIS icon
617
Oil States International
OIS
$526M
$640K 0.05%
16,100
-1,450
-8% -$61.4K
WWW icon
618
Wolverine World Wide
WWW
$1.63B
$640K 0.05%
19,100
-6,800
-26% -$201K
KBR icon
619
KBR
KBR
$4.81B
$639K 0.05%
43,900
-3,240
-7% -$52.7K
CATY icon
620
Cathay General Bancorp
CATY
$4.31B
$637K 0.05%
22,400
-1,670
-7% -$43K
VLY icon
621
Valley National Bancorp
VLY
$8.3B
$637K 0.05%
66,600
+4,740
+8% +$44.8K
JMP
622
DELISTED
JMP Group LLC
JMP
$637K 0.05%
75,700
– –
CCL icon
623
Carnival Corporation Ltd
CCL
$38.9B
$636K 0.05%
13,300
-1,900
-13% -$85.5K
KBAL
624
DELISTED
Kimball International
KBAL
$636K 0.05%
60,400
– –
BXP icon
625
Boston Properties
BXP
$11B
$635K 0.05%
4,500
-800
-15% -$112K
23 24
25
26 27

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.