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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
CDI
851
DELISTED
CDI Corp.
CDI
$423K 0.03%
30,100
-1,000
-3% -$16.4K
ALE
852
DELISTED
Allete
ALE
$422K 0.03%
8,000
-1,800
-18% -$98.9K
MITT
853
TPG Mortgage Investment Trust
MITT
$214M
$422K 0.03%
7,233
– –
BBBY
854
DELISTED
Bed Bath & Beyond Inc
BBBY
$422K 0.03%
5,500
-1,600
-23% -$121K
NVRI icon
855
Enviri
NVRI
$564M
$421K 0.03%
24,400
-1,830
-7% -$30.2K
TISI icon
856
Team
TISI
$101M
$421K 0.03%
1,080
– –
CPE
857
DELISTED
Callon Petroleum Company
CPE
$421K 0.03%
5,630
– –
PBH icon
858
Prestige Consumer Healthcare
PBH
$2.43B
$420K 0.03%
9,800
-3,400
-26% -$130K
SR icon
859
Spire
SR
$4.9B
$420K 0.03%
8,100
-2,600
-24% -$136K
WTFC icon
860
Wintrust Financial
WTFC
$11B
$420K 0.03%
8,800
-3,100
-26% -$143K
CLX icon
861
Clorox
CLX
$12.9B
$419K 0.03%
3,800
-700
-16% -$76K
TCBI icon
862
Texas Capital Bancshares
TCBI
$4.38B
$418K 0.03%
8,600
-2,400
-22% -$113K
UCTT
863
Ultra Clean Holdings
UCTT
$4.21B
$418K 0.03%
58,400
– –
GIFI
864
DELISTED
Gulf Island Fabrication
GIFI
$417K 0.03%
28,100
-600
-2% -$9.73K
LCUT icon
865
Lifetime Brands
LCUT
$220M
$417K 0.03%
27,300
– –
LFUS icon
866
Littelfuse
LFUS
$11.4B
$417K 0.03%
4,200
-1,600
-28% -$156K
PFG icon
867
Principal Financial Group
PFG
$24.6B
$416K 0.03%
8,100
-1,400
-15% -$70.4K
DVA icon
868
DaVita
DVA
$11.4B
$415K 0.03%
5,100
-1,000
-16% -$76.7K
LKFN icon
869
Lakeland Financial Corp
LKFN
$1.56B
$414K 0.03%
15,300
– –
SHEN icon
870
Shenandoah Telecom
SHEN
$744M
$414K 0.03%
26,600
– –
AEL
871
DELISTED
American Equity Investment Life Holding Company
AEL
$414K 0.03%
14,200
-4,570
-24% -$128K
SNDK
872
DELISTED
SANDISK CORP
SNDK
$414K 0.03%
6,500
-1,300
-17% -$106K
A icon
873
Agilent Technologies
A
$42.2B
$412K 0.03%
9,900
-1,600
-14% -$64.7K
BLKB icon
874
Blackbaud
BLKB
$2.1B
$412K 0.03%
8,700
-3,100
-26% -$139K
ETR icon
875
Entergy
ETR
$49.9B
$411K 0.03%
10,600
-1,800
-15% -$73.9K
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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MU
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WPL
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PVI
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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.