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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
TEG
876
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$141K 0.01%
2,600
– –
X
877
DELISTED
US Steel
X
$139K 0.01%
4,700
– –
BMS
878
DELISTED
Bemis
BMS
$139K 0.01%
3,400
– –
URBN icon
879
Urban Outfitters
URBN
$6.63B
$137K 0.01%
3,700
– –
WPX
880
DELISTED
WPX Energy, Inc.
WPX
$137K 0.01%
6,700
– –
ALLE icon
881
Allegion
ALLE
$14.1B
$136K 0.01%
+3,067
New +$133K
CLF icon
882
Cleveland-Cliffs
CLF
$6.99B
$131K 0.01%
5,000
– –
DO
883
DELISTED
Diamond Offshore Drilling
DO
$131K 0.01%
2,300
– –
CVC
884
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$129K 0.01%
7,200
– –
ATI icon
885
ATI
ATI
$31.4B
$128K 0.01%
3,600
– –
R icon
886
Ryder
R
$10.1B
$125K 0.01%
1,700
– –
AIV
887
Aimco
AIV
$379M
$124K 0.01%
36,033
– –
ARO
888
DELISTED
Aeropostale Inc
ARO
$117K 0.01%
12,900
– –
TE
889
DELISTED
TECO ENERGY INC
TE
$116K 0.01%
6,700
– –
PDCO
890
DELISTED
Patterson Companies, Inc.
PDCO
$115K 0.01%
2,800
– –
TER icon
891
Teradyne
TER
$63B
$113K 0.01%
6,400
– –
NFX
892
DELISTED
Newfield Exploration
NFX
$111K 0.01%
4,500
– –
FSLR icon
893
First Solar
FSLR
$24.4B
$109K 0.01%
2,000
– –
JBL icon
894
Jabil
JBL
$38.4B
$106K 0.01%
6,100
– –
VIAV icon
895
Viavi Solutions
VIAV
$10.6B
$101K 0.01%
13,712
– –
ANF icon
896
Abercrombie & Fitch
ANF
$4.99B
$86K 0.01%
2,600
– –
GHC icon
897
Graham Holdings Company
GHC
$5.03B
$66K 0.01%
166
– –
AN icon
898
AutoNation
AN
$6.9B
$65K 0.01%
1,300
– –
KMI.WS
899
DELISTED
Kinder Morgan Inc
KMI.WS
$62K 0.01%
15,360
– –
AIG.WS
900
DELISTED
American International Group, Inc.
AIG.WS
$55K 0.01%
2,723
– –
33 34 35
36
37

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VAS
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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
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SUT
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MU
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WPL
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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.