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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
AF
751
DELISTED
Astoria Financial Corporation
AF
$317K 0.03%
22,900
+9,400
+70% +$126K
PLL
752
DELISTED
PALL CORP
PLL
$316K 0.03%
3,700
– –
CHRW icon
753
C.H. Robinson
CHRW
$17.1B
$315K 0.03%
5,400
– –
TSN icon
754
Tyson Foods
TSN
$19.6B
$315K 0.03%
9,400
– –
NE
755
DELISTED
Noble Corporation
NE
$315K 0.03%
9,610
– –
XL
756
DELISTED
XL Group Ltd.
XL
$315K 0.03%
9,900
– –
WEC icon
757
WEC Energy
WEC
$35.6B
$314K 0.03%
7,600
– –
ADT
758
DELISTED
ADT Corp
ADT
$312K 0.03%
7,700
– –
NWL icon
759
Newell Brands
NWL
$2.62B
$311K 0.03%
9,600
– –
NRG icon
760
NRG Energy
NRG
$25.4B
$310K 0.03%
10,800
– –
JWN
761
DELISTED
Nordstrom
JWN
$309K 0.03%
5,000
– –
WERN icon
762
Werner Enterprises
WERN
$2.27B
$309K 0.03%
12,500
+5,200
+71% +$124K
TRIP icon
763
TripAdvisor
TRIP
$1.26B
$306K 0.03%
3,700
– –
EXPD icon
764
Expeditors International
EXPD
$24B
$305K 0.03%
6,900
– –
MATX icon
765
Matsons
MATX
$6.41B
$305K 0.03%
11,700
+4,700
+67% +$121K
MKC icon
766
McCormick & Company Non-Voting
MKC
$14.2B
$303K 0.03%
8,800
– –
AES icon
767
AES
AES
$10.5B
$300K 0.03%
20,700
– –
NWSA icon
768
News Corp Class A
NWSA
$15.5B
$300K 0.03%
16,675
– –
VRSN icon
769
VeriSign
VRSN
$25.6B
$299K 0.03%
5,000
– –
CFN
770
DELISTED
CAREFUSION CORPORATION
CFN
$299K 0.03%
7,500
– –
CMA
771
DELISTED
Comerica
CMA
$295K 0.03%
6,200
– –
HP icon
772
Helmerich & Payne
HP
$4.29B
$294K 0.03%
3,500
– –
LRCX icon
773
Lam Research
LRCX
$408B
$294K 0.03%
54,000
– –
TAP icon
774
Molson Coors Class B
TAP
$7.75B
$292K 0.03%
5,200
– –
MCHP icon
775
Microchip Technology
MCHP
$43.1B
$291K 0.03%
13,000
– –
29 30
31
32 33

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.