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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
MMM icon
51
3M
MMM
$94.8B
$3.12M 0.24%
22,604
-4,342
-16% -$598K
ENSG icon
52
The Ensign Group
ENSG
$10.6B
$3.07M 0.24%
139,825
-1,924
-1% -$39.2K
FRT icon
53
Federal Realty Investment Trust
FRT
$10.2B
$3.05M 0.24%
20,600
-1,380
-6% -$198K
RMD icon
54
ResMed
RMD
$32.8B
$3.03M 0.23%
42,200
-3,320
-7% -$216K
MO icon
55
Altria Group
MO
$107B
$2.96M 0.23%
58,400
-10,400
-15% -$552K
BIIB icon
56
Biogen
BIIB
$30.9B
$2.96M 0.23%
7,000
-1,200
-15% -$473K
BA icon
57
Boeing
BA
$183B
$2.94M 0.23%
19,600
-3,600
-16% -$524K
RTX icon
58
RTX Corp
RTX
$300B
$2.94M 0.23%
39,884
-6,515
-14% -$487K
JAH
59
DELISTED
JARDEN CORPORATION
JAH
$2.87M 0.22%
54,200
-3,865
-7% -$195K
UNP icon
60
Union Pacific
UNP
$174B
$2.85M 0.22%
26,300
-5,100
-16% -$598K
MTD icon
61
Mettler-Toledo International
MTD
$28.8B
$2.83M 0.22%
8,600
-770
-8% -$238K
AFAM
62
DELISTED
Almost Family Inc
AFAM
$2.81M 0.22%
62,900
-600
-0.9% -$20.1K
MCD icon
63
McDonald's
MCD
$195B
$2.81M 0.22%
28,800
-5,400
-16% -$512K
TW
64
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
$2.81M 0.22%
21,200
-1,590
-7% -$199K
WAB icon
65
Wabtec
WAB
$49.9B
$2.77M 0.21%
29,100
-2,170
-7% -$196K
ABBV icon
66
AbbVie
ABBV
$440B
$2.76M 0.21%
47,100
-7,900
-14% -$477K
COO icon
67
Cooper Companies
COO
$15B
$2.74M 0.21%
58,400
-4,280
-7% -$181K
RKT
68
DELISTED
ROCK-TENN COMPANY CL-A
RKT
$2.73M 0.21%
42,400
-4,090
-9% -$268K
CELG
69
DELISTED
Celgene Corp
CELG
$2.72M 0.21%
23,600
-4,100
-15% -$490K
FL
70
DELISTED
Foot Locker
FL
$2.71M 0.21%
43,000
-3,660
-8% -$208K
ALK icon
71
Alaska Air
ALK
$5.29B
$2.63M 0.2%
39,800
-4,010
-9% -$260K
UDR icon
72
UDR
UDR
$12B
$2.63M 0.2%
77,300
-4,450
-5% -$146K
PII icon
73
Polaris
PII
$3.9B
$2.61M 0.2%
18,500
-1,200
-6% -$177K
EPC icon
74
Edgewell Personal Care
EPC
$1.32B
$2.6M 0.2%
25,361
-1,686
-6% -$167K
CNC icon
75
Centene
CNC
$33.1B
$2.51M 0.19%
71,000
-5,080
-7% -$153K
1 2
3
4 5

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SFM
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AI
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HI
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PEA
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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.