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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
BALL icon
801
Ball Corp
BALL
$16.4B
$258K 0.03%
10,000
– –
CINF icon
802
Cincinnati Financial
CINF
$26.5B
$257K 0.03%
4,900
– –
ARG
803
DELISTED
Airgas Inc
ARG
$257K 0.03%
2,300
– –
GNW icon
804
Genworth Financial
GNW
$3.79B
$256K 0.03%
16,500
– –
PCL
805
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$256K 0.03%
5,500
– –
SNI
806
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$251K 0.03%
2,900
– –
EW icon
807
Edwards Lifesciences
EW
$53.6B
$250K 0.03%
22,800
– –
TDC icon
808
Teradata
TDC
$2.49B
$250K 0.03%
5,500
– –
AVP
809
DELISTED
Avon Products, Inc.
AVP
$248K 0.03%
14,400
– –
IPG
810
DELISTED
Interpublic Group of Companies
IPG
$244K 0.02%
13,800
– –
GL icon
811
Globe Life
GL
$13.8B
$242K 0.02%
4,650
– –
IPI icon
812
Intrepid Potash
IPI
$490M
$241K 0.02%
1,520
+640
+73% +$99.4K
SCHL icon
813
Scholastic
SCHL
$792M
$241K 0.02%
7,100
+2,700
+61% +$79.7K
CMS icon
814
CMS Energy
CMS
$22B
$236K 0.02%
8,800
– –
FFIV icon
815
F5
FFIV
$24B
$236K 0.02%
2,600
– –
DRI icon
816
Darden Restaurants
DRI
$25.9B
$234K 0.02%
4,810
– –
IFF icon
817
International Flavors & Fragrances
IFF
$21.4B
$232K 0.02%
2,700
– –
PHM icon
818
Pultegroup
PHM
$24.6B
$232K 0.02%
11,400
– –
EA
819
DELISTED
Electronic Arts
EA
$229K 0.02%
10,000
– –
TGNA
820
DELISTED
TEGNA Inc
TGNA
$228K 0.02%
14,719
– –
XRAY icon
821
Dentsply Sirona
XRAY
$2.27B
$228K 0.02%
4,700
– –
HSP
822
DELISTED
HOSPIRA INC
HSP
$227K 0.02%
5,500
– –
LNW
823
DELISTED
Light & Wonder
LNW
$225K 0.02%
13,300
+4,600
+53% +$81.2K
PWR icon
824
Quanta Services
PWR
$102B
$224K 0.02%
7,100
– –
SEE
825
DELISTED
Sealed Air
SEE
$221K 0.02%
6,500
– –
31 32
33
34 35

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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.