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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
UNF icon
926
Unifirst Corp
UNF
$5.24B
$407K 0.03%
+3,700
New +$402K
OME
927
DELISTED
Omega Protein
OME
$407K 0.03%
+33,700
New +$386K
ORB
928
DELISTED
ORBITAL SCIENCES CORP
ORB
$407K 0.03%
+14,600
New +$385K
OKSB
929
DELISTED
Southwest Bancorp Inc/OK
OKSB
$406K 0.03%
+23,000
New +$400K
WTS icon
930
Watts Water Technologies
WTS
$12.9B
$405K 0.03%
+6,900
New +$402K
FELE icon
931
Franklin Electric
FELE
$4.75B
$404K 0.03%
+9,500
New +$400K
WHR icon
932
Whirlpool
WHR
$2.79B
$404K 0.03%
2,700
+100
+4% +$14.5K
DF
933
DELISTED
Dean Foods Company
DF
$404K 0.03%
26,100
+400
+2% +$6.23K
WAGE
934
DELISTED
WageWorks, Inc.
WAGE
$404K 0.03%
+7,200
New +$434K
ALGT icon
935
Allegiant Air
ALGT
$2.36B
$403K 0.03%
+3,600
New +$367K
GGP
936
DELISTED
GGP Inc.
GGP
$403K 0.03%
+18,300
New +$388K
PZZA icon
937
Papa John's
PZZA
$793M
$401K 0.03%
+7,700
New +$380K
PSB
938
DELISTED
PS Business Parks, Inc.
PSB
$401K 0.03%
+4,800
New +$387K
WABC icon
939
Westamerica Bancorp
WABC
$1.38B
$400K 0.03%
7,400
+100
+1% +$5.21K
PACW
940
DELISTED
PacWest Bancorp
PACW
$400K 0.03%
+9,300
New +$392K
BCR
941
DELISTED
CR Bard Inc.
BCR
$400K 0.03%
2,700
+200
+8% +$27.7K
GVA icon
942
Granite Construction
GVA
$5.41B
$399K 0.03%
10,000
+100
+1% +$3.59K
ALTR
943
DELISTED
Altera Corp
ALTR
$399K 0.03%
11,000
+300
+3% +$10.3K
NEM icon
944
Newmont
NEM
$120B
$398K 0.03%
17,000
+500
+3% +$11.9K
VECO icon
945
Veeco
VECO
$3.26B
$398K 0.03%
+9,500
New +$367K
ESND
946
DELISTED
Essendant Inc.
ESND
$398K 0.03%
+9,700
New +$412K
CKH
947
DELISTED
Seacor Holdings Inc.
CKH
$398K 0.03%
+4,756
New +$396K
HOMB icon
948
Home BancShares
HOMB
$6.23B
$396K 0.03%
+23,000
New +$387K
IBOC icon
949
International Bancshares
IBOC
$4.52B
$396K 0.03%
15,800
+100
+0.6% +$2.42K
NEOG icon
950
Neogen
NEOG
$2.5B
$396K 0.03%
+23,467
New +$383K
36 37
38
39 40

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 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.