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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
NUE icon
801
Nucor
NUE
$61.8B
$450K 0.03%
9,400
-1,600
-15% -$74.7K
RGP icon
802
Resources Connection
RGP
$145M
$450K 0.03%
25,700
-2,800
-10% -$48.3K
MW
803
DELISTED
THE MENS WAREHOUSE INC
MW
$449K 0.03%
8,600
-3,100
-26% -$150K
AKR icon
804
Acadia Realty Trust
AKR
$2.86B
$446K 0.03%
12,700
-2,000
-14% -$69.7K
BNCN
805
DELISTED
BNC Bancorp
BNCN
$445K 0.03%
24,600
– –
OKSB
806
DELISTED
Southwest Bancorp Inc/OK
OKSB
$445K 0.03%
25,000
– –
HLX icon
807
Helix Energy Solutions
HLX
$1.49B
$444K 0.03%
29,700
-2,170
-7% -$36.6K
HSY icon
808
Hershey
HSY
$37.4B
$444K 0.03%
4,400
-800
-15% -$83.5K
UPBD icon
809
Upbound Group
UPBD
$1.15B
$443K 0.03%
16,000
-1,160
-7% -$35.3K
HOT
810
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$443K 0.03%
5,300
-1,400
-21% -$110K
KMX icon
811
CarMax
KMX
$8.52B
$442K 0.03%
6,400
-1,200
-16% -$78.2K
KRG icon
812
Kite Realty
KRG
$5.31B
$442K 0.03%
15,700
-5,600
-26% -$162K
LNC icon
813
Lincoln National
LNC
$8.67B
$442K 0.03%
7,700
-1,400
-15% -$78.2K
RC
814
Ready Capital
RC
$294M
$441K 0.03%
24,200
– –
LVLT
815
DELISTED
Level 3 Communications Inc
LVLT
$441K 0.03%
+8,200
New +$427K
ESS icon
816
Essex Property Trust
ESS
$18.5B
$440K 0.03%
1,900
-300
-14% -$67.9K
ENDP
817
DELISTED
Endo International plc
ENDP
$440K 0.03%
4,900
-44,760
-90% -$3.74M
SWK icon
818
Stanley Black & Decker
SWK
$15.4B
$439K 0.03%
4,600
-800
-15% -$76.6K
HSP
819
DELISTED
HOSPIRA INC
HSP
$439K 0.03%
5,000
-800
-14% -$62.7K
HAE icon
820
Haemonetics
HAE
$4.11B
$436K 0.03%
9,700
-3,600
-27% -$150K
FE icon
821
FirstEnergy
FE
$27.1B
$435K 0.03%
12,400
-2,100
-14% -$78.5K
DAR icon
822
Darling Ingredients
DAR
$10.4B
$434K 0.03%
31,000
-11,100
-26% -$183K
TXRH icon
823
Texas Roadhouse
TXRH
$13.6B
$433K 0.03%
11,800
-3,300
-22% -$117K
ITRI icon
824
Itron
ITRI
$4.5B
$431K 0.03%
11,800
-940
-7% -$35K
RAMP icon
825
LiveRamp
RAMP
$2.31B
$431K 0.03%
23,300
-1,740
-7% -$33.4K
31 32
33
34 35

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.