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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
FFIN icon
851
First Financial Bankshares
FFIN
$5.01B
$457K 0.04%
+29,600
New +$459K
HNI icon
852
HNI Corp
HNI
$3.55B
$457K 0.04%
12,500
+100
+0.8% +$3.57K
ISIL
853
DELISTED
Intersil Corp
ISIL
$456K 0.04%
35,300
+400
+1% +$4.78K
QCCO
854
DELISTED
QC HLDGS INC
QCCO
$455K 0.04%
+195,200
New +$457K
ROP icon
855
Roper Technologies
ROP
$39.1B
$454K 0.04%
3,400
+100
+3% +$13.6K
AIRM
856
DELISTED
Air Methods Corp
AIRM
$454K 0.04%
+8,500
New +$454K
DTE icon
857
DTE Energy
DTE
$28.9B
$453K 0.04%
7,168
+470
+7% +$27.7K
GES
858
DELISTED
Guess Inc
GES
$453K 0.04%
16,400
+100
+0.6% +$2.9K
LNC icon
859
Lincoln National
LNC
$8.44B
$451K 0.04%
8,900
-300
-3% -$15.1K
MCY icon
860
Mercury Insurance
MCY
$5.84B
$451K 0.04%
10,000
+100
+1% +$4.57K
JNS
861
DELISTED
Janus Capital Group Inc
JNS
$449K 0.03%
41,300
+300
+0.7% +$3.39K
EMN icon
862
Eastman Chemical
EMN
$8.29B
$448K 0.03%
5,200
– –
AVA icon
863
Avista
AVA
$3.23B
$447K 0.03%
+14,600
New +$424K
CAG icon
864
Conagra Brands
CAG
$7.39B
$447K 0.03%
18,504
+899
+5% +$21.6K
RYL
865
DELISTED
RYLAND GROUP INC
RYL
$447K 0.03%
+11,200
New +$476K
XRX icon
866
Xerox
XRX
$412M
$446K 0.03%
14,990
-494
-3% -$14.5K
INFU icon
867
InfuSystem Holdings
INFU
$249M
$445K 0.03%
+159,500
New +$411K
DXYN
868
DELISTED
Dixie Group Inc
DXYN
$445K 0.03%
+27,100
New +$391K
GLPW
869
DELISTED
GLOBAL POWER EQUIPMENT GROUP INC COMMON NEW
GLPW
$444K 0.03%
+22,300
New +$414K
JNPR
870
DELISTED
Juniper Networks
JNPR
$443K 0.03%
17,200
+100
+0.6% +$2.61K
EVR icon
871
Evercore
EVR
$12B
$442K 0.03%
+8,000
New +$458K
GEF icon
872
Greif
GEF
$5.03B
$441K 0.03%
8,400
+100
+1% +$5.14K
NWE icon
873
NorthWestern Energy
NWE
$4.4B
$441K 0.03%
+9,300
New +$420K
CHK
874
DELISTED
Chesapeake Energy Corporation
CHK
$441K 0.03%
91
– –
MDCO
875
DELISTED
Medicines Co
MDCO
$441K 0.03%
+15,500
New +$513K
33 34
35
36 37

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SFM
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AI
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PEA
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SUT
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WPL
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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.