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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
NI icon
876
NiSource
NI
$20.2B
$411K 0.03%
23,669
-4,072
-15% -$69K
HTO
877
H2O America
HTO
$2.65B
$411K 0.03%
13,300
– –
XRX icon
878
Xerox
XRX
$412M
$411K 0.03%
12,068
-2,277
-16% -$80.3K
HMSY
879
DELISTED
HMS Holdings Corp.
HMSY
$411K 0.03%
26,600
-1,880
-7% -$35.3K
FNGN
880
DELISTED
Financial Engines, Inc.
FNGN
$411K 0.03%
9,800
-3,400
-26% -$134K
CUZ icon
881
Cousins Properties
CUZ
$4.93B
$410K 0.03%
13,709
-4,535
-25% -$140K
WOR icon
882
Worthington Enterprises
WOR
$2.85B
$410K 0.03%
24,963
-1,816
-7% -$31.2K
SNX icon
883
TD Synnex
SNX
$20.4B
$409K 0.03%
10,600
-3,400
-24% -$131K
NSR
884
DELISTED
Neustar Inc
NSR
$409K 0.03%
16,600
-1,610
-9% -$40.6K
PNK
885
DELISTED
Pinnacle Entertainment Inc.
PNK
$408K 0.03%
11,300
-3,900
-26% -$104K
FUL icon
886
H.B. Fuller
FUL
$3.24B
$407K 0.03%
9,500
-3,300
-26% -$141K
HELE icon
887
Helen of Troy
HELE
$699M
$407K 0.03%
5,000
-1,900
-28% -$145K
IXYS
888
DELISTED
IXYS Corp
IXYS
$407K 0.03%
33,000
– –
GIII icon
889
G-III Apparel Group
GIII
$1.43B
$406K 0.03%
7,200
-2,000
-22% -$103K
BWA icon
890
BorgWarner
BWA
$13.8B
$405K 0.03%
7,611
-1,363
-15% -$69.4K
CACI icon
891
CACI
CACI
$14.8B
$405K 0.03%
4,500
-1,500
-25% -$131K
GEF icon
892
Greif
GEF
$5.03B
$405K 0.03%
10,200
-800
-7% -$32.7K
NUVA
893
DELISTED
NuVasive, Inc.
NUVA
$405K 0.03%
8,800
-3,100
-26% -$144K
BTU
894
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$404K 0.03%
5,480
-395
-7% -$39.9K
SHOO icon
895
Steven Madden
SHOO
$3.46B
$403K 0.03%
15,900
-6,150
-28% -$144K
GMCR
896
DELISTED
KEURIG GREEN MTN INC
GMCR
$403K 0.03%
3,600
-800
-18% -$100K
TTWO icon
897
Take-Two Interactive
TTWO
$45.2B
$402K 0.03%
15,800
-4,500
-22% -$123K
CPRI icon
898
Capri Holdings
CPRI
$1.77B
$401K 0.03%
6,100
-100
-2% -$6.86K
RCL icon
899
Royal Caribbean
RCL
$82.9B
$401K 0.03%
+4,900
New +$388K
CMTL icon
900
Comtech Telecommunications
CMTL
$52.7M
$397K 0.03%
13,700
-1,000
-7% -$32.6K
34 35
36
37 38

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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
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
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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.