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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
+2.91%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$303M
Cap. Flow
+$280M
Cap. Flow %
21.78%
Top 10 Hldgs %
7.95%
Holding
1,672
New
768
Increased
659
Reduced
141
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.55M
2
STC icon
Stewart Information Services
STC
+$2.48M
3
PMC
PharMerica Corporation
PMC
+$2.33M
4
PTRY
PANTRY INC (THE)
PTRY
+$1.92M
5
SPTN
SpartanNash
SPTN
+$1.67M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$3.15M
2
TSCO icon
Tractor Supply
TSCO
+$2.37M
3
MHK icon
Mohawk Industries
MHK
+$2.09M
4
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$934K
5
LPS
LENDER PROCESSING SERVICES INC
LPS
+$875K

Sector Composition

Rank Sector Weight
1 Financials 14.34%
2 Industrials 13.9%
3 Technology 13.06%
4 Healthcare 10.79%
5 Consumer Discretionary 10.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WOR icon
701
Worthington Enterprises
WOR
$2.85B
$558K 0.04%
23,681
+162
+0.7% +$4.04K
DRH icon
702
Diamondrock Hospitality Co
DRH
$2.51B
$556K 0.04%
+47,300
New +$565K
KMPR icon
703
Kemper
KMPR
$1.59B
$556K 0.04%
14,200
-100
-0.7% -$3.84K
DG icon
704
Dollar General
DG
$26.9B
$555K 0.04%
10,000
-100
-1% -$5.82K
K
705
DELISTED
Kellanova
K
$552K 0.04%
9,372
+532
+6% +$30.2K
NUE icon
706
Nucor
NUE
$61.8B
$551K 0.04%
10,900
+300
+3% +$15.1K
HSNI
707
DELISTED
HSN, Inc.
HSNI
$550K 0.04%
9,200
– –
ZBH icon
708
Zimmer Biomet
ZBH
$19B
$549K 0.04%
5,974
+206
+4% +$19K
RGP icon
709
Resources Connection
RGP
$145M
$548K 0.04%
+38,900
New +$548K
SWN
710
DELISTED
Southwestern Energy Company
SWN
$548K 0.04%
11,900
+200
+2% +$8.39K
GTAT
711
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
$547K 0.04%
+32,100
New +$413K
ODP
712
DELISTED
ODP
ODP
$545K 0.04%
13,190
+150
+1% +$7.23K
WTFC icon
713
Wintrust Financial
WTFC
$11B
$545K 0.04%
+11,200
New +$516K
PLCM
714
DELISTED
POLYCOM INC
PLCM
$542K 0.04%
39,500
+600
+2% +$7.53K
PNR icon
715
Pentair
PNR
$10.7B
$540K 0.04%
10,125
-149
-1% -$7.78K
IRF
716
DELISTED
INTL RECTIFIER CORP
IRF
$540K 0.04%
19,700
+300
+2% +$7.96K
MKTX icon
717
MarketAxess Holdings
MKTX
$5.72B
$539K 0.04%
+9,100
New +$563K
MW
718
DELISTED
THE MENS WAREHOUSE INC
MW
$539K 0.04%
+11,000
New +$546K
AVB icon
719
AvalonBay Communities
AVB
$26.3B
$538K 0.04%
4,100
+300
+8% +$37.8K
LXP icon
720
LXP Industrial Trust
LXP
$3.58B
$538K 0.04%
+9,860
New +$535K
POLY
721
DELISTED
Plantronics, Inc.
POLY
$538K 0.04%
12,100
+100
+0.8% +$4.42K
ED icon
722
Consolidated Edison
ED
$40.1B
$537K 0.04%
10,000
+300
+3% +$16.3K
FNB icon
723
FNB Corp
FNB
$6.88B
$537K 0.04%
+40,100
New +$500K
HIG icon
724
Hartford Financial Services
HIG
$37.8B
$536K 0.04%
15,200
+600
+4% +$20.9K
ROL icon
725
Rollins
ROL
$17.4B
$535K 0.04%
59,738
+338
+0.6% +$2.95K
27 28
29
30 31

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VAS
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SFM
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AI
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PEA
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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 2014 Portfolio in Review

As of Q1 2014, Municipal Employees' Retirement System of Michigan held 1,672 positions worth $1.29B, up 31% from $982M the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $280M of net new capital in Q1 2014, opening 768 new positions and adding to 659 existing holdings. Its largest new stake was Meta Platforms (Facebook): 56,100 shares worth $3.38M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Bread Financial, an estimated $3.15M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2014 buy was Meta Platforms (Facebook): 56,100 shares worth $3.38M.
  • Municipal Employees' Retirement System of Michigan added most to Teradyne in Q1 2014, an estimated $899K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2014 reduction was Bread Financial, cutting an estimated $3.15M.
  • Municipal Employees' Retirement System of Michigan fully exited HEALTH MGMT ASSOC INC CL-A in Q1 2014, selling an estimated $934K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q1 2014.
  • Municipal Employees' Retirement System of Michigan opened 768 new positions and closed 5 in Q1 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 31% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2014, filed 13 May 2014.