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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
BF.B icon
701
Brown-Forman Class B
BF.B
$12.8B
$385K 0.04%
15,938
– –
CCEP icon
702
Coca-Cola Europacific Partners
CCEP
$47.3B
$384K 0.04%
8,700
– –
IDTI
703
DELISTED
Integrated Device Technology I
IDTI
$381K 0.04%
37,400
+13,100
+54% +$130K
NEM icon
704
Newmont
NEM
$124B
$380K 0.04%
16,500
– –
BOBE
705
DELISTED
Bob Evans Farms, Inc.
BOBE
$379K 0.04%
7,500
+2,900
+63% +$159K
DTE icon
706
DTE Energy
DTE
$28.9B
$378K 0.04%
6,698
– –
FLS icon
707
Flowserve
FLS
$10.3B
$378K 0.04%
4,800
– –
ADSK icon
708
Autodesk
ADSK
$52.7B
$377K 0.04%
7,500
– –
SAIC icon
709
Saic
SAIC
$5.34B
$377K 0.04%
11,400
+10,058
+749% +$350K
SIAL
710
DELISTED
SIGMA - ALDRICH CORP
SIAL
$376K 0.04%
4,000
– –
AA icon
711
Alcoa
AA
$13.5B
$375K 0.04%
14,690
– –
ETR icon
712
Entergy
ETR
$50.3B
$373K 0.04%
11,800
– –
SJM icon
713
J.M. Smucker
SJM
$12.7B
$373K 0.04%
3,600
– –
TIF
714
DELISTED
Tiffany & Co.
TIF
$371K 0.04%
4,000
– –
CA
715
DELISTED
CA, Inc.
CA
$370K 0.04%
11,000
– –
KMX icon
716
CarMax
KMX
$8.33B
$362K 0.04%
7,700
– –
BEAM
717
DELISTED
BEAM INC COM STK (DE)
BEAM
$361K 0.04%
5,300
– –
STZ icon
718
Constellation Brands
STZ
$22.9B
$359K 0.04%
5,100
– –
BBG
719
DELISTED
Bill Barrett Corp
BBG
$359K 0.04%
13,400
+5,400
+68% +$147K
RHT
720
DELISTED
Red Hat Inc
RHT
$359K 0.04%
6,400
– –
SPLS
721
DELISTED
Staples Inc
SPLS
$358K 0.04%
22,500
– –
BBY icon
722
Best Buy
BBY
$17.5B
$355K 0.04%
8,900
– –
DVA icon
723
DaVita
DVA
$11.6B
$355K 0.04%
5,600
– –
KLAC icon
724
KLA
KLAC
$272B
$355K 0.04%
55,000
– –
LLTC
725
DELISTED
Linear Technology Corp
LLTC
$355K 0.04%
7,800
– –
27 28
29
30 31

Similar funds

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.