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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
ALGT icon
751
Allegiant Air
ALGT
$2.36B
$500K 0.04%
2,600
-1,000
-28% -$179K
MDSO
752
DELISTED
Medidata Solutions, Inc.
MDSO
$500K 0.04%
10,200
-2,800
-22% -$130K
NJR icon
753
New Jersey Resources
NJR
$5.64B
$499K 0.04%
15,900
-5,700
-26% -$179K
REX icon
754
REX American Resources
REX
$1.44B
$499K 0.04%
49,200
– –
DENN
755
DELISTED
Denny's
DENN
$498K 0.04%
43,700
– –
JAKK icon
756
Jakks Pacific
JAKK
$294M
$498K 0.04%
7,280
– –
UTL icon
757
Unitil
UTL
$992M
$497K 0.04%
14,300
– –
FNHC
758
DELISTED
FedNat Holding Company Common Stock
FNHC
$496K 0.04%
16,200
– –
DLTR icon
759
Dollar Tree
DLTR
$24.9B
$495K 0.04%
6,100
-1,100
-15% -$83.5K
K
760
DELISTED
Kellanova
K
$495K 0.04%
7,988
-1,384
-15% -$84.6K
KN icon
761
Knowles
KN
$3.23B
$495K 0.04%
25,700
-1,910
-7% -$39.8K
MTB icon
762
M&T Bank
MTB
$36.6B
$495K 0.04%
3,900
-700
-15% -$84.7K
PRA
763
DELISTED
ProAssurance
PRA
$495K 0.04%
10,700
-4,500
-30% -$205K
TRMK icon
764
Trustmark
TRMK
$2.8B
$495K 0.04%
20,400
-1,480
-7% -$34.3K
ABMD
765
DELISTED
Abiomed Inc
ABMD
$494K 0.04%
6,900
-2,200
-24% -$119K
PCH
766
DELISTED
PotlatchDeltic
PCH
$492K 0.04%
12,300
-880
-7% -$35.6K
PLAB icon
767
Photronics
PLAB
$1.97B
$490K 0.04%
57,700
– –
EGL
768
DELISTED
Engility Holdings, Inc.
EGL
$490K 0.04%
16,300
-1,200
-7% -$48K
VRE
769
DELISTED
Veris Residential
VRE
$488K 0.04%
25,300
-1,850
-7% -$35.7K
OZK icon
770
Bank OZK
OZK
$5.7B
$487K 0.04%
13,200
-3,300
-20% -$118K
SIAL
771
DELISTED
SIGMA - ALDRICH CORP
SIAL
$484K 0.04%
3,500
-600
-15% -$82.7K
VSAT icon
772
Viasat
VSAT
$11.4B
$483K 0.04%
8,100
-2,800
-26% -$170K
GEN icon
773
Gen Digital
GEN
$17.7B
$477K 0.04%
20,400
-3,600
-15% -$89.9K
ANF icon
774
Abercrombie & Fitch
ANF
$4.84B
$476K 0.04%
21,600
-1,570
-7% -$38.7K
PAYX icon
775
Paychex
PAYX
$44.6B
$476K 0.04%
9,600
-1,600
-14% -$77.7K
29 30
31
32 33

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VAS
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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
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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.