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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
ACET
1026
DELISTED
Aceto Corp
ACET
$366K 0.03%
+18,200
New +$371K
COL
1027
DELISTED
Rockwell Collins
COL
$366K 0.03%
4,600
+100
+2% +$7.86K
SLM icon
1028
SLM Corp
SLM
$5.22B
$365K 0.03%
41,690
-560
-1% -$4.89K
ONB icon
1029
Old National Bancorp
ONB
$10.4B
$364K 0.03%
+24,400
New +$348K
WEC icon
1030
WEC Energy
WEC
$35.9B
$363K 0.03%
7,800
+200
+3% +$8.62K
IBCA
1031
DELISTED
INTERVEST BANCSHARES CORP COM
IBCA
$363K 0.03%
+48,700
New +$366K
CVBF icon
1032
CVB Financial
CVBF
$4.08B
$361K 0.03%
+22,700
New +$358K
GAP
1033
The Gap Inc
GAP
$7.34B
$361K 0.03%
9,000
-900
-9% -$36.4K
ENOC
1034
DELISTED
EnerNOC, Inc.
ENOC
$359K 0.03%
+16,100
New +$342K
UVV icon
1035
Universal Corp
UVV
$1.12B
$358K 0.03%
6,400
– –
GBDC icon
1036
Golub Capital BDC
GBDC
$3.48B
$357K 0.03%
+20,420
New +$371K
KFY icon
1037
Korn Ferry
KFY
$4.36B
$357K 0.03%
+12,000
New +$309K
ABM icon
1038
ABM Industries
ABM
$2.82B
$356K 0.03%
+12,400
New +$345K
AKR icon
1039
Acadia Realty Trust
AKR
$2.86B
$356K 0.03%
+13,500
New +$348K
KMX icon
1040
CarMax
KMX
$8.52B
$356K 0.03%
7,600
-100
-1% -$4.67K
SANM icon
1041
Sanmina
SANM
$11.1B
$356K 0.03%
+20,400
New +$342K
AKAM icon
1042
Akamai
AKAM
$18B
$355K 0.03%
6,100
+200
+3% +$11K
CNTY icon
1043
Century Casinos
CNTY
$35.2M
$354K 0.03%
+49,400
New +$322K
COLB icon
1044
Columbia Banking Systems
COLB
$9.18B
$354K 0.03%
+12,400
New +$335K
LLL
1045
DELISTED
L3 Technologies, Inc.
LLL
$354K 0.03%
3,000
– –
FCFS icon
1046
FirstCash
FCFS
$9.14B
$353K 0.03%
+7,000
New +$376K
NVDA icon
1047
NVIDIA
NVDA
$5.46T
$353K 0.03%
788,000
-44,000
-5% -$18.8K
LBAI
1048
DELISTED
Lakeland Bancorp Inc
LBAI
$353K 0.03%
+32,970
New +$359K
BGC
1049
DELISTED
General Cable Corporation
BGC
$353K 0.03%
13,800
+200
+1% +$5.79K
WTT
1050
DELISTED
Wireless Telecom Group, Inc.
WTT
$352K 0.03%
+126,700
New +$369K
40 41
42
43 44

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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
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
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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.