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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
GAIN icon
1001
Gladstone Investment Corp
GAIN
$658M
$375K 0.03%
+45,400
New +$366K
OLP
1002
One Liberty Properties
OLP
$537M
$375K 0.03%
+17,600
New +$377K
BOBE
1003
DELISTED
Bob Evans Farms, Inc.
BOBE
$375K 0.03%
7,500
– –
GHL
1004
DELISTED
Greenhill & Co., Inc.
GHL
$374K 0.03%
7,200
+100
+1% +$5.4K
ACNT icon
1005
Ascent Industries
ACNT
$134M
$373K 0.03%
+26,000
New +$380K
JMP
1006
DELISTED
JMP Group LLC
JMP
$373K 0.03%
+52,400
New +$385K
SVU
1007
DELISTED
SUPERVALU Inc.
SVU
$373K 0.03%
7,786
+100
+1% +$4.46K
FCBC icon
1008
First Community Bankshares
FCBC
$933M
$371K 0.03%
+22,700
New +$371K
NPO icon
1009
Enpro
NPO
$7.12B
$371K 0.03%
+5,100
New +$362K
DLTR icon
1010
Dollar Tree
DLTR
$24.9B
$370K 0.03%
7,100
-500
-7% -$26.6K
FCN icon
1011
FTI Consulting
FCN
$4.24B
$370K 0.03%
11,100
– –
KDP icon
1012
Keurig Dr Pepper
KDP
$42.3B
$370K 0.03%
6,800
– –
PFLT icon
1013
PennantPark Floating Rate Capital
PFLT
$752M
$370K 0.03%
+26,800
New +$371K
WNEB icon
1014
Western New England Bancorp
WNEB
$282M
$370K 0.03%
+49,700
New +$371K
MTH icon
1015
Meritage Homes
MTH
$4.8B
$369K 0.03%
+17,600
New +$401K
MVC
1016
DELISTED
MVC Capital, Inc.
MVC
$369K 0.03%
+27,200
New +$381K
HPY
1017
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
$369K 0.03%
+8,900
New +$387K
AAIC
1018
DELISTED
Arlington Asset Investment Corp.
AAIC
$368K 0.03%
+13,900
New +$367K
CTXS
1019
DELISTED
Citrix Systems Inc
CTXS
$368K 0.03%
8,037
+251
+3% +$11.8K
NBBC
1020
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
$368K 0.03%
+51,500
New +$365K
NMFC icon
1021
New Mountain Finance
NMFC
$736M
$367K 0.03%
+25,200
New +$374K
PNNT
1022
Pennant Park Investment Corp
PNNT
$249M
$367K 0.03%
+33,200
New +$374K
RLI icon
1023
RLI Corp
RLI
$5.87B
$367K 0.03%
+16,600
New +$363K
AMSG
1024
DELISTED
Amsurg Corp
AMSG
$367K 0.03%
+7,800
New +$344K
LAD icon
1025
Lithia Motors
LAD
$8.32B
$366K 0.03%
+5,500
New +$344K
39 40
41
42 43

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SFM
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AI
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PEA
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SUT
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WPL
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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.