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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
+2.91%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$303M
Cap. Flow
+$280M
Cap. Flow %
21.78%
Top 10 Hldgs %
7.95%
Holding
1,672
New
768
Increased
659
Reduced
141
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.55M
2
STC icon
Stewart Information Services
STC
+$2.48M
3
PMC
PharMerica Corporation
PMC
+$2.33M
4
PTRY
PANTRY INC (THE)
PTRY
+$1.92M
5
SPTN
SpartanNash
SPTN
+$1.67M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$3.15M
2
TSCO icon
Tractor Supply
TSCO
+$2.37M
3
MHK icon
Mohawk Industries
MHK
+$2.09M
4
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$934K
5
LPS
LENDER PROCESSING SERVICES INC
LPS
+$875K

Sector Composition

Rank Sector Weight
1 Financials 14.34%
2 Industrials 13.9%
3 Technology 13.06%
4 Healthcare 10.79%
5 Consumer Discretionary 10.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTLS
826
DELISTED
NTELOS HLDGS CORP COM
NTLS
$474K 0.04%
+35,100
New +$572K
GEN icon
827
Gen Digital
GEN
$17.7B
$473K 0.04%
23,700
+700
+3% +$15K
PAYX icon
828
Paychex
PAYX
$42.8B
$473K 0.04%
11,100
+300
+3% +$12.7K
ALE
829
DELISTED
Allete
ALE
$472K 0.04%
+9,000
New +$451K
TRMK icon
830
Trustmark
TRMK
$2.79B
$472K 0.04%
18,600
+200
+1% +$4.97K
BBWI icon
831
Bath & Body Works
BBWI
$3.76B
$471K 0.04%
10,267
+371
+4% +$16.8K
CDR
832
DELISTED
Cedar Realty Trust, Inc
CDR
$471K 0.04%
+11,682
New +$484K
AA icon
833
Alcoa
AA
$13.1B
$470K 0.04%
15,189
+499
+3% +$13.9K
PFBC icon
834
Preferred Bank
PFBC
$1.26B
$470K 0.04%
+18,100
New +$412K
IXYS
835
DELISTED
IXYS Corp
IXYS
$468K 0.04%
+41,200
New +$504K
EGP icon
836
EastGroup Properties
EGP
$10.9B
$466K 0.04%
+7,400
New +$447K
IDTI
837
DELISTED
Integrated Device Technology I
IDTI
$466K 0.04%
38,100
+700
+2% +$7.93K
TXI
838
DELISTED
TEXAS INDUSTRIES INC
TXI
$466K 0.04%
+5,200
New +$408K
BEAM
839
DELISTED
BEAM INC COM STK (DE)
BEAM
$466K 0.04%
5,600
+300
+6% +$24.4K
RRC icon
840
Range Resources
RRC
$9.39B
$465K 0.04%
5,600
+200
+4% +$17K
HMSY
841
DELISTED
HMS Holdings Corp.
HMSY
$465K 0.04%
24,400
+400
+2% +$8.68K
BFH icon
842
Bread Financial
BFH
$4.46B
$463K 0.04%
2,130
-14,660
-87% -$3.15M
L icon
843
Loews
L
$23.1B
$463K 0.04%
10,500
+300
+3% +$13.4K
TTEK icon
844
Tetra Tech
TTEK
$9.09B
$462K 0.04%
+78,000
New +$454K
UBSI icon
845
United Bankshares
UBSI
$6.66B
$462K 0.04%
+15,100
New +$453K
MAT icon
846
Mattel
MAT
$4.19B
$461K 0.04%
11,500
– –
GPC icon
847
Genuine Parts
GPC
$18.5B
$460K 0.04%
5,300
+200
+4% +$16.9K
FAST icon
848
Fastenal
FAST
$59.9B
$459K 0.04%
37,200
+1,200
+3% +$14K
PGR icon
849
Progressive
PGR
$121B
$458K 0.04%
18,900
+400
+2% +$9.72K
USAK
850
DELISTED
USA Truck Inc
USAK
$458K 0.04%
+31,100
New +$445K
32 33
34
35 36

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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PVI
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Municipal Employees' Retirement System of Michigan's Q1 2014 Portfolio in Review

As of Q1 2014, Municipal Employees' Retirement System of Michigan held 1,672 positions worth $1.29B, up 31% from $982M the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $280M of net new capital in Q1 2014, opening 768 new positions and adding to 659 existing holdings. Its largest new stake was Meta Platforms (Facebook): 56,100 shares worth $3.38M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Bread Financial, an estimated $3.15M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2014 buy was Meta Platforms (Facebook): 56,100 shares worth $3.38M.
  • Municipal Employees' Retirement System of Michigan added most to Teradyne in Q1 2014, an estimated $899K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2014 reduction was Bread Financial, cutting an estimated $3.15M.
  • Municipal Employees' Retirement System of Michigan fully exited HEALTH MGMT ASSOC INC CL-A in Q1 2014, selling an estimated $934K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q1 2014.
  • Municipal Employees' Retirement System of Michigan opened 768 new positions and closed 5 in Q1 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 31% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2014, filed 13 May 2014.