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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
MOH icon
901
Molina Healthcare
MOH
$10.7B
$397K 0.03%
5,900
-1,400
-19% -$80.9K
CRZO
902
DELISTED
Carrizo Oil & Gas Inc
CRZO
$397K 0.03%
8,000
-2,600
-25% -$122K
CRUS icon
903
Cirrus Logic
CRUS
$6.08B
$396K 0.03%
11,900
-4,000
-25% -$116K
UAA icon
904
Under Armour
UAA
$2.3B
$396K 0.03%
9,800
-1,400
-13% -$51.5K
ADSK icon
905
Autodesk
ADSK
$54.5B
$393K 0.03%
6,700
-1,200
-15% -$71.1K
LXP icon
906
LXP Industrial Trust
LXP
$3.58B
$393K 0.03%
7,860
-2,620
-25% -$142K
PROV icon
907
Provident Financial
PROV
$113M
$393K 0.03%
24,600
– –
MNRO icon
908
Monro
MNRO
$352M
$390K 0.03%
6,000
-1,700
-22% -$104K
HOG icon
909
Harley-Davidson
HOG
$2.9B
$389K 0.03%
6,400
-1,200
-16% -$75.4K
UNT
910
DELISTED
UNIT Corporation
UNT
$389K 0.03%
13,900
-1,070
-7% -$31.8K
AXE
911
DELISTED
Anixter International Inc
AXE
$388K 0.03%
5,100
-1,700
-25% -$133K
MLI icon
912
Mueller Industries
MLI
$14.7B
$387K 0.03%
42,800
-15,200
-26% -$129K
RF icon
913
Regions Financial
RF
$27B
$387K 0.03%
40,700
-7,100
-15% -$67.1K
CVGI icon
914
Commercial Vehicle Group
CVGI
$130M
$386K 0.03%
59,900
– –
ALTR
915
DELISTED
Altera Corp
ALTR
$386K 0.03%
9,000
-1,800
-17% -$64.4K
CTBI icon
916
Community Trust Bancorp
CTBI
$1.44B
$385K 0.03%
11,500
– –
AME icon
917
Ametek
AME
$58.7B
$384K 0.03%
7,300
-1,200
-14% -$61.4K
GVA icon
918
Granite Construction
GVA
$5.41B
$384K 0.03%
10,900
-790
-7% -$27.5K
MSI icon
919
Motorola Solutions
MSI
$77B
$383K 0.03%
5,700
-2,100
-27% -$139K
CHE icon
920
Chemed
CHE
$7.02B
$382K 0.03%
3,200
-1,300
-29% -$144K
RDI icon
921
Reading International Class A
RDI
$33.2M
$381K 0.03%
28,300
– –
DXYN
922
DELISTED
Dixie Group Inc
DXYN
$380K 0.03%
42,000
– –
AUD
923
DELISTED
Audacy, Inc.
AUD
$380K 0.03%
31,300
– –
MBFI
924
DELISTED
MB Financial Corp
MBFI
$379K 0.03%
12,100
-4,194
-26% -$128K
FF icon
925
Future Fuel
FF
$249M
$378K 0.03%
36,800
-1,600
-4% -$19.1K
35 36
37
38 39

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.