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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
LKQ icon
51
LKQ Corp
LKQ
$6.25B
$2.7M 0.28%
82,200
+33,100
+67% +$1.08M
UNP icon
52
Union Pacific
UNP
$174B
$2.64M 0.27%
31,400
– –
GS icon
53
Goldman Sachs
GS
$302B
$2.59M 0.26%
14,600
– –
UNH icon
54
UnitedHealth
UNH
$364B
$2.58M 0.26%
34,200
– –
MO icon
55
Altria Group
MO
$107B
$2.57M 0.26%
67,000
– –
OXY icon
56
Occidental Petroleum
OXY
$58.5B
$2.55M 0.26%
27,973
– –
PII icon
57
Polaris
PII
$3.9B
$2.55M 0.26%
17,500
+7,000
+67% +$937K
AIG icon
58
American International
AIG
$39.8B
$2.51M 0.26%
49,200
– –
CHD icon
59
Church & Dwight Co
CHD
$24B
$2.51M 0.26%
75,800
+30,200
+66% +$973K
USB icon
60
US Bancorp
USB
$101B
$2.5M 0.26%
62,000
– –
UPS icon
61
United Parcel Service
UPS
$88.4B
$2.5M 0.25%
23,800
– –
MHK icon
62
Mohawk Industries
MHK
$9.27B
$2.49M 0.25%
16,700
+6,700
+67% +$915K
XEC
63
DELISTED
CIMAREX ENERGY CO
XEC
$2.49M 0.25%
23,700
+9,500
+67% +$962K
TRMB icon
64
Trimble
TRMB
$13.1B
$2.44M 0.25%
70,300
+28,200
+67% +$889K
DDD icon
65
3D Systems Corp
DDD
$603M
$2.41M 0.25%
25,900
+10,600
+69% +$743K
EQIX icon
66
Equinix
EQIX
$105B
$2.4M 0.24%
13,500
+5,400
+67% +$898K
HON icon
67
Honeywell
HON
$74.6B
$2.38M 0.24%
29,047
– –
CELG
68
DELISTED
Celgene Corp
CELG
$2.37M 0.24%
28,000
– –
BEAV
69
DELISTED
B/E Aerospace Inc
BEAV
$2.35M 0.24%
37,287
+13,534
+57% +$808K
TFCFA
70
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$2.35M 0.24%
66,700
– –
OII icon
71
Oceaneering
OII
$5.08B
$2.33M 0.24%
29,600
+11,800
+66% +$958K
SLG icon
72
SL Green Realty
SLG
$4B
$2.33M 0.24%
26,032
+10,433
+67% +$931K
TW
73
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$2.25M 0.23%
17,600
+8,300
+89% +$965K
AAP icon
74
Advance Auto Parts
AAP
$3.23B
$2.21M 0.23%
20,000
+8,000
+67% +$794K
BIIB icon
75
Biogen
BIIB
$30.9B
$2.21M 0.23%
7,900
– –
1 2
3
4 5

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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
HI
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PEA
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SUT
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MU
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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.