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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
LH icon
926
Labcorp
LH
$26.2B
$378K 0.03%
3,492
+116
+3% +$11.9K
UMBF icon
927
UMB Financial
UMBF
$11.5B
$378K 0.03%
7,100
-2,500
-26% -$130K
ROSE
928
DELISTED
ROSETTA RESOURCES INC
ROSE
$378K 0.03%
22,200
+2,240
+11% +$42.9K
AKAM icon
929
Akamai
AKAM
$18B
$377K 0.03%
5,300
-900
-15% -$59.5K
AAIC
930
DELISTED
Arlington Asset Investment Corp.
AAIC
$377K 0.03%
15,100
– –
COL
931
DELISTED
Rockwell Collins
COL
$377K 0.03%
3,900
-800
-17% -$71.6K
HOFT icon
932
Hooker Furnishings Corp
HOFT
$158M
$376K 0.03%
+19,620
New +$360K
HOMB icon
933
Home BancShares
HOMB
$6.27B
$376K 0.03%
22,200
-6,860
-24% -$109K
SANM icon
934
Sanmina
SANM
$11.1B
$375K 0.03%
15,500
-5,500
-26% -$126K
IBKR icon
935
Interactive Brokers
IBKR
$41.4B
$374K 0.03%
44,000
-13,440
-23% -$107K
EQT icon
936
EQT Corp
EQT
$33.8B
$373K 0.03%
8,267
-1,285
-13% -$54.5K
B
937
DELISTED
Barnes Group Inc.
B
$373K 0.03%
9,200
-2,900
-24% -$109K
MINI
938
DELISTED
Mobile Mini Inc
MINI
$371K 0.03%
8,700
-3,060
-26% -$122K
AVA icon
939
Avista
AVA
$3.24B
$369K 0.03%
10,800
-4,400
-29% -$154K
SBRA icon
940
Sabra Healthcare REIT
SBRA
$5.15B
$368K 0.03%
11,100
-1,000
-8% -$32.5K
MGLN
941
DELISTED
Magellan Health Services, Inc.
MGLN
$368K 0.03%
5,200
-1,800
-26% -$113K
BCR
942
DELISTED
CR Bard Inc.
BCR
$368K 0.03%
2,200
-400
-15% -$68.6K
KNGT
943
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
$368K 0.03%
11,400
-4,100
-26% -$132K
RLI icon
944
RLI Corp
RLI
$5.87B
$367K 0.03%
14,000
-3,600
-20% -$88.9K
EFII
945
DELISTED
Electronics for Imaging
EFII
$367K 0.03%
8,800
-3,100
-26% -$123K
DCO icon
946
Ducommun
DCO
$3.01B
$365K 0.03%
14,100
– –
HI
947
DELISTED
Hillenbrand
HI
$364K 0.03%
11,800
-4,200
-26% -$132K
TXT icon
948
Textron
TXT
$15.1B
$364K 0.03%
8,200
-1,500
-15% -$65.2K
GES
949
DELISTED
Guess Inc
GES
$363K 0.03%
19,300
-1,450
-7% -$27.4K
L icon
950
Loews
L
$23B
$363K 0.03%
8,900
-1,600
-15% -$64.8K
36 37
38
39 40

Similar funds

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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
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.