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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
MCY icon
626
Mercury Insurance
MCY
$5.81B
$635K 0.05%
11,000
-780
-7% -$43.8K
NOV icon
627
NOV
NOV
$7.36B
$635K 0.05%
12,700
-2,200
-15% -$119K
MSCC
628
DELISTED
Microsemi Corp
MSCC
$634K 0.05%
17,900
-6,400
-26% -$198K
RAI
629
DELISTED
Reynolds American Inc
RAI
$634K 0.05%
18,200
-3,400
-16% -$119K
STI
630
DELISTED
SunTrust Banks, Inc.
STI
$633K 0.05%
15,400
-3,100
-17% -$126K
CTS icon
631
CTS Corp
CTS
$1.79B
$630K 0.05%
34,900
-2,300
-6% -$39K
PEG icon
632
Public Service Enterprise Group
PEG
$37.8B
$629K 0.05%
15,000
-2,500
-14% -$104K
CRS icon
633
Carpenter Technology
CRS
$26.6B
$626K 0.05%
16,100
-1,180
-7% -$47.7K
SAIC icon
634
Saic
SAIC
$5.35B
$626K 0.05%
12,200
-930
-7% -$48.7K
UE icon
635
Urban Edge Properties
UE
$2.78B
$626K 0.05%
+26,400
New +$631K
CIEN icon
636
Ciena
CIEN
$62.7B
$624K 0.05%
32,300
-2,300
-7% -$45.8K
TROW icon
637
T. Rowe Price
TROW
$23.7B
$624K 0.05%
7,700
-1,400
-15% -$115K
MCS icon
638
Marcus Corp
MCS
$929M
$622K 0.05%
29,200
-1,100
-4% -$21.3K
EQY
639
DELISTED
Equity One
EQY
$619K 0.05%
23,200
-1,730
-7% -$46.5K
PRSU
640
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$617K 0.05%
22,100
-1,400
-6% -$38.2K
AZO icon
641
AutoZone
AZO
$49.6B
$614K 0.05%
900
-200
-18% -$126K
MDRX
642
DELISTED
Veradigm Inc. Common Stock
MDRX
$614K 0.05%
51,300
-3,690
-7% -$45.1K
MDP
643
DELISTED
Meredith Corporation
MDP
$613K 0.05%
11,000
-840
-7% -$45.1K
KLXI
644
DELISTED
KLX Inc.
KLXI
$613K 0.05%
18,857
-1,418
-7% -$47.4K
FSS icon
645
Federal Signal
FSS
$7.51B
$612K 0.05%
38,800
-4,300
-10% -$66.9K
GEO icon
646
The GEO Group
GEO
$4B
$612K 0.05%
21,000
-6,750
-24% -$192K
MJN
647
DELISTED
Mead Johnson Nutrition Company
MJN
$606K 0.05%
6,000
-1,000
-14% -$101K
CADE
648
DELISTED
Cadence Bank
CADE
$604K 0.05%
25,900
-1,860
-7% -$40.5K
EIX icon
649
Edison International
EIX
$27.2B
$604K 0.05%
9,600
-1,700
-15% -$111K
SLAB icon
650
Silicon Laboratories
SLAB
$7.28B
$604K 0.05%
11,900
-1,210
-9% -$58.7K
24 25
26
27 28

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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
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
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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.