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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
CHE icon
976
Chemed
CHE
$7.02B
$385K 0.03%
+4,300
New +$350K
SAFM
977
DELISTED
Sanderson Farms Inc
SAFM
$385K 0.03%
+4,900
New +$365K
ITRI icon
978
Itron
ITRI
$4.49B
$384K 0.03%
10,800
+100
+0.9% +$3.79K
UVSP icon
979
Univest Financial
UVSP
$1.18B
$384K 0.03%
+18,700
New +$363K
KSPN
980
DELISTED
Kaspien Holdings Inc. Common Stock
KSPN
$384K 0.03%
+5,290
New +$434K
MBTF
981
DELISTED
MBT Financial Corporation
MBTF
$384K 0.03%
+154,800
New +$777K
NLSN
982
DELISTED
Nielsen Holdings plc
NLSN
$384K 0.03%
8,600
+1,500
+21% +$67.1K
SIAL
983
DELISTED
SIGMA - ALDRICH CORP
SIAL
$383K 0.03%
4,100
+100
+3% +$9.34K
CBU icon
984
Community Bank
CBU
$3.43B
$382K 0.03%
+9,800
New +$363K
ARC
985
DELISTED
ARC Document Solutions, Inc.
ARC
$382K 0.03%
+51,400
New +$386K
AKRX
986
DELISTED
Akorn Inc
AKRX
$381K 0.03%
+17,300
New +$404K
BCO icon
987
Brink's
BCO
$4.69B
$380K 0.03%
13,300
+100
+0.8% +$3.14K
NI icon
988
NiSource
NI
$20.1B
$380K 0.03%
27,232
+764
+3% +$10.3K
BCPC
989
Balchem Corp
BCPC
$5.65B
$380K 0.03%
+7,300
New +$392K
ADSK icon
990
Autodesk
ADSK
$52.7B
$379K 0.03%
7,700
+200
+3% +$10.4K
ACOR
991
DELISTED
Acorda Therapeutics
ACOR
$379K 0.03%
+83
New +$336K
PZN
992
DELISTED
Pzena Investment Management, Inc. Class A
PZN
$379K 0.03%
+32,200
New +$365K
BUSE icon
993
First Busey Corp
BUSE
$2.58B
$378K 0.03%
+21,733
New +$378K
TXRH icon
994
Texas Roadhouse
TXRH
$14.1B
$378K 0.03%
+14,500
New +$374K
PRGX
995
DELISTED
PRGX Global, Inc.
PRGX
$378K 0.03%
+54,600
New +$370K
GLAD icon
996
Gladstone Capital
GLAD
$444M
$377K 0.03%
+18,700
New +$368K
IDCC icon
997
InterDigital
IDCC
$9.07B
$377K 0.03%
11,400
+100
+0.9% +$2.98K
MUR icon
998
Murphy Oil
MUR
$5.06B
$377K 0.03%
6,000
– –
TXT icon
999
Textron
TXT
$15.3B
$377K 0.03%
9,600
+500
+5% +$18.7K
FLS icon
1000
Flowserve
FLS
$10.3B
$376K 0.03%
4,800
– –
38 39
40
41 42

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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
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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.