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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
KBH icon
676
KB Home
KBH
$3.47B
$415K 0.04%
22,700
+9,200
+68% +$158K
IBOC icon
677
International Bancshares
IBOC
$4.54B
$414K 0.04%
15,700
+6,700
+74% +$163K
FTI icon
678
TechnipFMC
FTI
$29.3B
$412K 0.04%
10,618
– –
KEY icon
679
KeyCorp
KEY
$24.7B
$412K 0.04%
30,700
– –
MASI
680
DELISTED
Masimo
MASI
$412K 0.04%
14,100
+5,700
+68% +$160K
WABC icon
681
Westamerica Bancorp
WABC
$1.39B
$412K 0.04%
7,300
+2,900
+66% +$155K
GHL
682
DELISTED
Greenhill & Co., Inc.
GHL
$411K 0.04%
7,100
+2,800
+65% +$147K
CLX icon
683
Clorox
CLX
$12.8B
$408K 0.04%
4,400
– –
WHR icon
684
Whirlpool
WHR
$2.86B
$408K 0.04%
2,600
– –
CNVR
685
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
$402K 0.04%
17,200
+5,400
+46% +$113K
MAR icon
686
Marriott International
MAR
$92.3B
$400K 0.04%
8,100
– –
XLNX
687
DELISTED
Xilinx Inc
XLNX
$400K 0.04%
8,700
– –
BGC
688
DELISTED
General Cable Corporation
BGC
$400K 0.04%
13,600
+5,400
+66% +$164K
ISIL
689
DELISTED
Intersil Corp
ISIL
$400K 0.04%
34,900
+14,000
+67% +$152K
RFMD
690
DELISTED
RF MICRO DEVICES INC
RFMD
$398K 0.04%
77,100
+30,800
+67% +$165K
KSS icon
691
Kohl's
KSS
$2.18B
$397K 0.04%
7,000
– –
SLM icon
692
SLM Corp
SLM
$5.3B
$397K 0.04%
42,250
– –
ADVS
693
DELISTED
Advent Software Inc
ADVS
$395K 0.04%
11,300
+6,000
+113% +$203K
CY
694
DELISTED
Cypress Semiconductor
CY
$395K 0.04%
37,600
+15,300
+69% +$145K
CTXS
695
DELISTED
Citrix Systems Inc
CTXS
$392K 0.04%
7,786
– –
SVU
696
DELISTED
SUPERVALU Inc.
SVU
$392K 0.04%
7,686
+2,972
+63% +$147K
MUR icon
697
Murphy Oil
MUR
$4.94B
$389K 0.04%
6,000
– –
EQY
698
DELISTED
Equity One
EQY
$388K 0.04%
17,300
+7,100
+70% +$162K
GAP
699
The Gap Inc
GAP
$7.35B
$387K 0.04%
9,900
– –
JNPR
700
DELISTED
Juniper Networks
JNPR
$386K 0.04%
17,100
– –
26 27
28
29 30

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SFM
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AI
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HI
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PEA
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SUT
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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.