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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
BEN icon
651
Franklin Resources
BEN
$17.2B
$597K 0.05%
11,600
-2,300
-17% -$122K
CKP
652
DELISTED
CHECKPOINT SYSTEMS INC
CKP
$596K 0.05%
52,700
-2,800
-5% -$35.5K
MNST icon
653
Monster Beverage
MNST
$91.4B
$595K 0.05%
51,600
-4,800
-9% -$50.2K
WDC icon
654
Western Digital
WDC
$168B
$595K 0.05%
8,600
-926
-10% -$72.4K
ADVS
655
DELISTED
Advent Software Inc
ADVS
$595K 0.05%
13,500
-900
-6% -$37K
ALEX
656
DELISTED
Alexander & Baldwin
ALEX
$592K 0.05%
13,700
-1,020
-7% -$40.5K
KMPR icon
657
Kemper
KMPR
$1.59B
$592K 0.05%
15,200
-1,050
-6% -$38.7K
LSI
658
DELISTED
Life Storage, Inc.
LSI
$592K 0.05%
9,450
-3,150
-25% -$196K
CTRN icon
659
Citi Trends
CTRN
$621M
$591K 0.05%
21,900
– –
ZBH icon
660
Zimmer Biomet
ZBH
$19B
$589K 0.05%
5,150
-824
-14% -$94K
DOC icon
661
Healthpeak Properties
DOC
$14.3B
$588K 0.05%
14,933
-2,525
-14% -$101K
IPXL
662
DELISTED
Impax Laboratories, Inc.
IPXL
$586K 0.05%
12,500
-4,200
-25% -$167K
CMG icon
663
Chipotle Mexican Grill
CMG
$41.3B
$585K 0.05%
45,000
-10,000
-18% -$136K
PPS
664
DELISTED
Post Properties
PPS
$585K 0.05%
10,200
-3,700
-27% -$218K
LUMN icon
665
Lumen
LUMN
$6.6B
$584K 0.05%
16,900
-2,900
-15% -$108K
FCX icon
666
Freeport-McMoran
FCX
$93.6B
$582K 0.04%
30,700
-5,200
-14% -$103K
OMC icon
667
Omnicom Group
OMC
$24.2B
$581K 0.04%
7,400
-1,500
-17% -$115K
ADI icon
668
Analog Devices
ADI
$186B
$580K 0.04%
9,200
-1,700
-16% -$96.4K
CVSA
669
Covista Inc
CVSA
$4.49B
$580K 0.04%
17,400
-1,220
-7% -$47.3K
MKTX icon
670
MarketAxess Holdings
MKTX
$5.72B
$580K 0.04%
7,000
-2,600
-27% -$206K
ASNA
671
DELISTED
Ascena Retail Group, Inc.
ASNA
$579K 0.04%
1,995
-132
-6% -$33.5K
BSET icon
672
Bassett Furniture
BSET
$170M
$578K 0.04%
+20,270
New +$487K
CMC icon
673
Commercial Metals
CMC
$7.98B
$578K 0.04%
35,700
-2,570
-7% -$37.5K
GTN icon
674
Gray Television
GTN
$520M
$578K 0.04%
41,800
– –
MOG.A icon
675
Moog Inc Class A
MOG.A
$13.5B
$578K 0.04%
7,700
-3,250
-30% -$240K
25 26
27
28 29

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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
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MU
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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.