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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
LNC icon
626
Lincoln National
LNC
$8.55B
$475K 0.05%
9,200
– –
MLKN icon
627
MillerKnoll
MLKN
$1.62B
$475K 0.05%
16,100
+6,500
+68% +$194K
SMTC icon
628
Semtech
SMTC
$12.9B
$473K 0.05%
18,700
+7,600
+68% +$224K
HST icon
629
Host Hotels & Resorts
HST
$15.6B
$472K 0.05%
24,300
– –
CHK
630
DELISTED
Chesapeake Energy Corporation
CHK
$470K 0.05%
91
– –
SLAB icon
631
Silicon Laboratories
SLAB
$7.3B
$468K 0.05%
10,800
+4,400
+69% +$180K
FRX
632
DELISTED
FOREST LABORATORIES INC
FRX
$468K 0.05%
7,800
– –
MZTI
633
The Marzetti Company
MZTI
$3.22B
$467K 0.05%
5,300
+2,100
+66% +$177K
RF icon
634
Regions Financial
RF
$27B
$467K 0.05%
47,200
– –
FCS
635
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$467K 0.05%
35,000
+14,100
+67% +$181K
WELL icon
636
Welltower
WELL
$169B
$466K 0.05%
8,700
– –
AME icon
637
Ametek
AME
$58.9B
$463K 0.05%
8,790
-31,310
-78% -$1.51M
PCH
638
DELISTED
PotlatchDeltic
PCH
$463K 0.05%
11,100
+4,500
+68% +$182K
CAG icon
639
Conagra Brands
CAG
$7.34B
$462K 0.05%
17,605
– –
ANN
640
DELISTED
ANN INC
ANN
$461K 0.05%
12,600
+4,800
+62% +$170K
SWN
641
DELISTED
Southwestern Energy Company
SWN
$460K 0.05%
11,700
– –
PFG icon
642
Principal Financial Group
PFG
$24.5B
$459K 0.05%
9,300
– –
FE icon
643
FirstEnergy
FE
$27.3B
$458K 0.05%
13,900
– –
LUV icon
644
Southwest Airlines
LUV
$22.2B
$458K 0.05%
24,300
– –
ROP icon
645
Roper Technologies
ROP
$38.5B
$458K 0.05%
3,300
– –
KSU
646
DELISTED
Kansas City Southern
KSU
$458K 0.05%
3,700
– –
FCN icon
647
FTI Consulting
FCN
$4.15B
$457K 0.05%
11,100
+4,500
+68% +$187K
RRC icon
648
Range Resources
RRC
$9.28B
$455K 0.05%
5,400
– –
XEL icon
649
Xcel Energy
XEL
$49.4B
$453K 0.05%
16,200
– –
NTRS icon
650
Northern Trust
NTRS
$34.8B
$452K 0.05%
7,300
– –
24 25
26
27 28

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.