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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
FCBC icon
951
First Community Bankshares
FCBC
$933M
$362K 0.03%
20,677
– –
KEY icon
952
KeyCorp
KEY
$24.6B
$362K 0.03%
25,600
-5,000
-16% -$68.7K
PDCE
953
DELISTED
PDC Energy, Inc.
PDCE
$362K 0.03%
6,700
-2,400
-26% -$116K
HIL
954
DELISTED
Hill International, Inc. Common Stock
HIL
$362K 0.03%
100,800
– –
EGP icon
955
EastGroup Properties
EGP
$11B
$361K 0.03%
6,000
-2,000
-25% -$126K
SLCA
956
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$361K 0.03%
10,100
-3,600
-26% -$105K
CTRA
957
DELISTED
Coterra Energy
CTRA
$360K 0.03%
12,200
-2,300
-16% -$65.2K
MPWR icon
958
Monolithic Power Systems
MPWR
$67B
$359K 0.03%
6,800
-2,200
-24% -$111K
BRS
959
DELISTED
Bristow Group, Inc.
BRS
$359K 0.03%
6,600
-2,500
-27% -$148K
KND
960
DELISTED
Kindred Healthcare
KND
$357K 0.03%
14,900
-1,400
-9% -$28.4K
CTG
961
DELISTED
Computer Task Group, Inc.
CTG
$356K 0.03%
48,300
– –
GBCI icon
962
Glacier Bancorp
GBCI
$6.48B
$355K 0.03%
14,100
-4,900
-26% -$121K
ACW
963
DELISTED
Accuride Corp
ACW
$355K 0.03%
76,200
– –
ADEA icon
964
Adeia
ADEA
$3.16B
$354K 0.03%
33,264
-13,230
-28% -$135K
AIT icon
965
Applied Industrial Technologies
AIT
$13.2B
$354K 0.03%
7,800
-2,900
-27% -$124K
ARTX
966
DELISTED
Arotech Corporation
ARTX
$354K 0.03%
113,900
– –
LMOS
967
DELISTED
Lumos Networks Corp
LMOS
$353K 0.03%
23,100
-800
-3% -$13.5K
CHSP
968
DELISTED
Chesapeake Lodging Trust
CHSP
$352K 0.03%
10,300
-3,600
-26% -$129K
EVR icon
969
Evercore
EVR
$12B
$351K 0.03%
6,800
-2,100
-24% -$107K
SRCL
970
DELISTED
Stericycle Inc
SRCL
$351K 0.03%
2,500
-400
-14% -$54K
PSEM
971
DELISTED
PERICOM SEMICONDUCTOR CP
PSEM
$351K 0.03%
22,700
-1,500
-6% -$22K
TAP icon
972
Molson Coors Class B
TAP
$7.85B
$350K 0.03%
4,700
-800
-15% -$60.3K
AFOP
973
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
$350K 0.03%
20,100
– –
SJM icon
974
J.M. Smucker
SJM
$12.9B
$347K 0.03%
3,000
-600
-17% -$65.8K
BBW icon
975
Build-A-Bear
BBW
$474M
$346K 0.03%
17,600
– –
37 38
39
40 41

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.