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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
MA icon
76
Mastercard
MA
$490B
$2.5M 0.19%
29,000
-5,800
-17% -$503K
UTHR icon
77
United Therapeutics
UTHR
$21.9B
$2.48M 0.19%
14,400
-940
-6% -$143K
GTS
78
DELISTED
Triple-S Management Corporation
GTS
$2.47M 0.19%
130,653
– –
ASH icon
79
Ashland
ASH
$3.42B
$2.46M 0.19%
39,449
-8,115
-17% -$491K
ANSS
80
DELISTED
Ansys
ANSS
$2.45M 0.19%
27,800
-2,070
-7% -$175K
HOLX
81
DELISTED
Hologic
HOLX
$2.42M 0.19%
73,400
-5,070
-6% -$156K
HON icon
82
Honeywell
HON
$74.6B
$2.41M 0.19%
25,708
-4,451
-15% -$407K
JBHT icon
83
JB Hunt Transport Services
JBHT
$25.9B
$2.39M 0.18%
28,000
-1,890
-6% -$158K
DINO icon
84
HF Sinclair
DINO
$15.6B
$2.39M 0.18%
59,300
-5,170
-8% -$198K
Y
85
DELISTED
Alleghany Corp
Y
$2.39M 0.18%
4,900
-410
-8% -$192K
EG icon
86
Everest Group
EG
$13.9B
$2.38M 0.18%
13,700
-1,060
-7% -$186K
PKG icon
87
Packaging Corp of America
PKG
$22.8B
$2.35M 0.18%
29,800
-2,140
-7% -$170K
LKQ icon
88
LKQ Corp
LKQ
$6.25B
$2.34M 0.18%
91,700
-6,320
-6% -$164K
WWAV
89
DELISTED
The WhiteWave Foods Company
WWAV
$2.34M 0.18%
52,800
-3,740
-7% -$143K
USB icon
90
US Bancorp
USB
$101B
$2.32M 0.18%
52,900
-9,900
-16% -$434K
JLL icon
91
Jones Lang LaSalle
JLL
$16.7B
$2.32M 0.18%
13,600
-950
-7% -$150K
AJG icon
92
Arthur J. Gallagher & Co
AJG
$65.5B
$2.28M 0.18%
48,800
-2,850
-6% -$133K
OCR
93
DELISTED
OMNICARE INC
OCR
$2.28M 0.18%
29,600
-2,170
-7% -$165K
CDK
94
DELISTED
CDK Global, Inc.
CDK
$2.27M 0.18%
48,600
-9,016
-16% -$411K
FBIN icon
95
Fortune Brands Innovations
FBIN
$5.83B
$2.27M 0.18%
55,926
-4,282
-7% -$167K
AIG icon
96
American International
AIG
$39.8B
$2.27M 0.18%
41,400
-8,700
-17% -$467K
COP icon
97
ConocoPhillips
COP
$153B
$2.27M 0.17%
36,400
-6,100
-14% -$394K
EXR icon
98
Extra Space Storage
EXR
$31B
$2.26M 0.17%
33,500
-2,280
-6% -$150K
GS icon
99
Goldman Sachs
GS
$302B
$2.26M 0.17%
12,000
-2,400
-17% -$446K
DRE
100
DELISTED
Duke Realty Corp.
DRE
$2.25M 0.17%
103,500
-7,290
-7% -$157K
2 3
4
5 6

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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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.