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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
LEN icon
826
Lennar Class A
LEN
$20.5B
$218K 0.02%
5,778
– –
EXPE icon
827
Expedia Group
EXPE
$39.1B
$216K 0.02%
3,100
– –
FOSL icon
828
Fossil Group
FOSL
$311M
$216K 0.02%
1,800
– –
SCG
829
DELISTED
Scana
SCG
$216K 0.02%
4,600
– –
XYL icon
830
Xylem
XYL
$28.5B
$215K 0.02%
6,200
– –
MWV
831
DELISTED
MEADWESTVACO CORP
MWV
$214K 0.02%
5,800
– –
CTAS icon
832
Cintas
CTAS
$81.4B
$209K 0.02%
14,000
– –
HAS icon
833
Hasbro
HAS
$13.4B
$209K 0.02%
3,800
– –
DHI icon
834
D.R. Horton
DHI
$40.8B
$208K 0.02%
9,300
– –
HRL icon
835
Hormel Foods
HRL
$13.4B
$208K 0.02%
9,200
– –
SNA icon
836
Snap-on
SNA
$21.1B
$208K 0.02%
1,900
– –
FDO
837
DELISTED
FAMILY DOLLAR STORES
FDO
$208K 0.02%
3,200
– –
JOY
838
DELISTED
Joy Global Inc
JOY
$205K 0.02%
3,500
– –
DNR
839
DELISTED
Denbury Resources, Inc.
DNR
$204K 0.02%
12,400
– –
LSI
840
DELISTED
LSI CORPORATION
LSI
$203K 0.02%
18,400
– –
GME icon
841
GameStop
GME
$8.32B
$202K 0.02%
16,400
– –
RHI icon
842
Robert Half
RHI
$4.25B
$197K 0.02%
4,700
– –
MANT
843
DELISTED
Mantech International Corp
MANT
$195K 0.02%
6,500
+2,600
+67% +$74.3K
GT icon
844
Goodyear
GT
$1.74B
$193K 0.02%
8,100
– –
OI icon
845
O-I Glass
OI
$1.04B
$193K 0.02%
5,400
– –
PNW icon
846
Pinnacle West Capital
PNW
$12.2B
$191K 0.02%
3,600
– –
ETFC
847
DELISTED
E*Trade Financial Corporation
ETFC
$187K 0.02%
9,500
– –
QEP
848
DELISTED
QEP RESOURCES, INC.
QEP
$184K 0.02%
6,000
– –
GAS
849
DELISTED
AGL Resources Inc
GAS
$184K 0.02%
3,900
– –
TR icon
850
Tootsie Roll Industries
TR
$3.05B
$182K 0.02%
8,224
+3,232
+65% +$70.2K
32 33
34
35 36

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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.