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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
BKMU
726
DELISTED
Bank Mutual Corp
BKMU
$535K 0.04%
73,100
-3,000
-4% -$21K
TYC
727
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
$534K 0.04%
11,842
-3,438
-23% -$153K
DWA
728
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
$530K 0.04%
21,900
-1,460
-6% -$31.1K
XEL icon
729
Xcel Energy
XEL
$49.3B
$528K 0.04%
15,000
-2,400
-14% -$85.8K
EVRI
730
DELISTED
Everi Holdings
EVRI
$527K 0.04%
69,200
– –
DAKT icon
731
Daktronics
DAKT
$988M
$526K 0.04%
48,700
-2,400
-5% -$27.8K
DRH icon
732
Diamondrock Hospitality Co
DRH
$2.51B
$525K 0.04%
36,800
-13,300
-27% -$195K
ED icon
733
Consolidated Edison
ED
$40.1B
$525K 0.04%
8,600
-1,600
-16% -$104K
KS
734
DELISTED
KapStone Paper and Pack Corp.
KS
$524K 0.04%
15,900
-4,700
-23% -$150K
PH icon
735
Parker-Hannifin
PH
$134B
$523K 0.04%
4,400
-800
-15% -$97K
TIVO
736
DELISTED
Tivo Inc
TIVO
$523K 0.04%
28,700
-2,050
-7% -$45.9K
MRO
737
DELISTED
Marathon Oil Corporation
MRO
$520K 0.04%
19,900
-3,500
-15% -$95K
GPT
738
DELISTED
Gramercy Property Trust
GPT
$519K 0.04%
6,125
-18,375
-75% -$523K
ROP icon
739
Roper Technologies
ROP
$39.3B
$516K 0.04%
3,000
-500
-14% -$81K
WY icon
740
Weyerhaeuser
WY
$17.9B
$514K 0.04%
15,500
-2,700
-15% -$94.5K
HR
741
DELISTED
Healthcare Realty Trust Incorporated
HR
$514K 0.04%
18,500
-6,100
-25% -$174K
ATW
742
DELISTED
Atwood Oceanics
ATW
$513K 0.04%
18,100
-1,330
-7% -$39.6K
SWX icon
743
Southwest Gas
SWX
$6.67B
$512K 0.04%
8,800
-3,100
-26% -$183K
PRAA icon
744
PRA Group
PRAA
$762M
$511K 0.04%
9,400
-3,400
-27% -$182K
AMD icon
745
Advanced Micro Devices
AMD
$789B
$509K 0.04%
190,100
-11,860
-6% -$33.3K
HES
746
DELISTED
Hess
HES
$509K 0.04%
7,500
-1,600
-18% -$114K
IVZ icon
747
Invesco
IVZ
$14.3B
$508K 0.04%
12,800
-2,200
-15% -$85.9K
MAR icon
748
Marriott International
MAR
$91.9B
$506K 0.04%
6,300
-1,300
-17% -$104K
STX icon
749
Seagate
STX
$209B
$505K 0.04%
9,700
-1,600
-14% -$95.1K
MLKN icon
750
MillerKnoll
MLKN
$1.62B
$502K 0.04%
18,000
-1,290
-7% -$37.8K
28 29
30
31 32

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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.