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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
IDCC icon
676
InterDigital
IDCC
$8.88B
$573K 0.04%
11,300
-730
-6% -$37.9K
MPT
677
Medical Properties Trust
MPT
$2.51B
$573K 0.04%
38,100
-6,000
-14% -$89.1K
FISV
678
Fiserv Inc
FISV
$29.5B
$572K 0.04%
14,400
-2,800
-16% -$107K
FIS icon
679
Fidelity National Information Services
FIS
$22.8B
$572K 0.04%
8,400
-1,600
-16% -$105K
POOL icon
680
Pool Corp
POOL
$7.29B
$572K 0.04%
8,200
-3,300
-29% -$220K
VNO icon
681
Vornado Realty Trust
VNO
$7.41B
$571K 0.04%
6,309
-1,892
-23% -$170K
ANN
682
DELISTED
ANN INC
ANN
$570K 0.04%
13,900
-960
-6% -$35.1K
STZ icon
683
Constellation Brands
STZ
$23.3B
$569K 0.04%
4,900
-1,000
-17% -$113K
ABCB icon
684
Ameris Bancorp
ABCB
$6B
$568K 0.04%
21,500
– –
CVLT icon
685
Commault Systems
CVLT
$6.26B
$568K 0.04%
13,000
-830
-6% -$38.2K
VSH icon
686
Vishay Intertechnology
VSH
$5.11B
$568K 0.04%
41,100
-2,950
-7% -$40.7K
EME icon
687
Emcor
EME
$36.7B
$567K 0.04%
12,200
-5,000
-29% -$217K
BFH icon
688
Bread Financial
BFH
$4.51B
$563K 0.04%
2,381
-1,724
-42% -$394K
MZTI
689
The Marzetti Company
MZTI
$3.22B
$562K 0.04%
5,900
-400
-6% -$36.7K
MCO icon
690
Moody's
MCO
$84.6B
$561K 0.04%
5,400
-1,100
-17% -$106K
SYNA icon
691
Synaptics
SYNA
$4.2B
$561K 0.04%
6,900
-2,300
-25% -$174K
ISIL
692
DELISTED
Intersil Corp
ISIL
$561K 0.04%
39,200
-2,850
-7% -$42.3K
HHS icon
693
Harte-Hanks
HHS
$20.8M
$560K 0.04%
7,190
-320
-4% -$24.7K
AMSG
694
DELISTED
Amsurg Corp
AMSG
$560K 0.04%
9,100
-3,020
-25% -$174K
FFIC
695
DELISTED
Flushing Financial
FFIC
$558K 0.04%
27,800
– –
ZD icon
696
Ziff Davis
ZD
$1.92B
$558K 0.04%
9,775
-3,335
-25% -$186K
CBK
697
DELISTED
Christopher & Banks Corporation
CBK
$558K 0.04%
100,400
-2,300
-2% -$12.2K
ISRG icon
698
Intuitive Surgical
ISRG
$142B
$556K 0.04%
9,900
-1,800
-15% -$102K
SKX
699
DELISTED
Skechers
SKX
$554K 0.04%
23,100
-7,200
-24% -$155K
DTLK
700
DELISTED
Datalink Corp
DTLK
$554K 0.04%
46,000
– –
26 27
28
29 30

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SFM
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AI
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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 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.