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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
DIN icon
1001
Dine Brands
DIN
$440M
$335K 0.03%
3,100
-1,100
-26% -$118K
EFX icon
1002
Equifax
EFX
$21.8B
$335K 0.03%
3,600
-600
-14% -$53.2K
TNL icon
1003
Travel + Leisure Co
TNL
$4.58B
$335K 0.03%
8,196
-1,550
-16% -$61.7K
FFIN icon
1004
First Financial Bankshares
FFIN
$5.04B
$334K 0.03%
24,000
-7,000
-23% -$93.2K
MHK icon
1005
Mohawk Industries
MHK
$9.42B
$334K 0.03%
1,800
-300
-14% -$51.9K
TSN icon
1006
Tyson Foods
TSN
$19.8B
$333K 0.03%
8,700
-800
-8% -$32K
WEC icon
1007
WEC Energy
WEC
$35.9B
$332K 0.03%
6,700
-1,100
-14% -$57.5K
BBY icon
1008
Best Buy
BBY
$18B
$331K 0.03%
8,600
-900
-9% -$34.4K
FAST icon
1009
Fastenal
FAST
$58.9B
$331K 0.03%
32,000
-6,000
-16% -$64.8K
LRCX icon
1010
Lam Research
LRCX
$422B
$331K 0.03%
47,000
-9,000
-16% -$71.2K
WAGE
1011
DELISTED
WageWorks, Inc.
WAGE
$331K 0.03%
6,200
-1,500
-19% -$85.6K
DGX icon
1012
Quest Diagnostics
DGX
$26.1B
$330K 0.03%
4,300
-700
-14% -$50.1K
QLYS icon
1013
Qualys
QLYS
$6.78B
$330K 0.03%
7,100
– –
XLNX
1014
DELISTED
Xilinx Inc
XLNX
$330K 0.03%
7,800
-1,500
-16% -$61.5K
VMC icon
1015
Vulcan Materials
VMC
$36B
$329K 0.03%
3,900
-600
-13% -$46.3K
MNI
1016
DELISTED
The McClatchy Company Class A Common Stock
MNI
$329K 0.03%
17,900
– –
KIM icon
1017
Kimco Realty
KIM
$16.4B
$328K 0.03%
12,200
-2,000
-14% -$53.7K
SCOR icon
1018
Comscore
SCOR
$91.6M
$328K 0.03%
320
-90
-22% -$84.7K
LLTC
1019
DELISTED
Linear Technology Corp
LLTC
$328K 0.03%
7,000
-1,200
-15% -$56.2K
NTAP icon
1020
NetApp
NTAP
$40.2B
$326K 0.03%
9,200
-2,300
-20% -$87.9K
ELRC
1021
DELISTED
ELECTRO RENT CORP
ELRC
$326K 0.03%
+28,210
New +$346K
CYBX
1022
DELISTED
CYBERONICS INC
CYBX
$325K 0.03%
5,000
-1,200
-19% -$73.1K
NEWT icon
1023
NewtekOne
NEWT
$378M
$323K 0.02%
19,100
– –
SNCR
1024
DELISTED
Synchronoss Technologies
SNCR
$323K 0.02%
756
-253
-25% -$99.7K
WU icon
1025
Western Union
WU
$2.34B
$323K 0.02%
15,500
-3,200
-17% -$59.6K
39 40
41
42 43

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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
PEA
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SUT
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MU
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WPL
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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.