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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
NEOG icon
1026
Neogen
NEOG
$2.59B
$322K 0.02%
18,400
-6,667
-27% -$122K
CBRE icon
1027
CBRE Group
CBRE
$44B
$321K 0.02%
8,300
-1,400
-14% -$48.3K
GCO icon
1028
Genesco
GCO
$394M
$321K 0.02%
4,500
-1,600
-26% -$116K
NEM icon
1029
Newmont
NEM
$120B
$321K 0.02%
14,800
-2,400
-14% -$56.1K
BCPC
1030
Balchem Corp
BCPC
$5.65B
$321K 0.02%
5,800
-2,000
-26% -$114K
NVDA icon
1031
NVIDIA
NVDA
$5.46T
$320K 0.02%
612,000
-160,000
-21% -$85.1K
OSPN icon
1032
OneSpan
OSPN
$624M
$320K 0.02%
14,900
-2,000
-12% -$47.4K
RCMT icon
1033
RCM Technologies
RCMT
$205M
$320K 0.02%
+47,730
New +$301K
ROIC
1034
DELISTED
Retail Opportunity Investments Corp.
ROIC
$320K 0.02%
17,500
-4,800
-22% -$84.3K
TRAK
1035
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
$320K 0.02%
8,300
-2,900
-26% -$118K
HPY
1036
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
$319K 0.02%
6,800
-2,400
-26% -$122K
UHS icon
1037
Universal Health Services
UHS
$10.1B
$318K 0.02%
2,700
-320
-11% -$35.4K
AXAS
1038
DELISTED
Abraxas Petroleum Corp
AXAS
$318K 0.02%
4,895
– –
CATM
1039
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$316K 0.02%
8,400
-3,000
-26% -$110K
MEA
1040
DELISTED
METALICO INC
MEA
$316K 0.02%
853,900
– –
CHRW icon
1041
C.H. Robinson
CHRW
$17.5B
$315K 0.02%
4,300
-800
-16% -$58.5K
EDR
1042
DELISTED
Education Realty Trust Inc
EDR
$315K 0.02%
8,900
-2,700
-23% -$97K
FRM
1043
DELISTED
FURMANITE CORPORATION COM
FRM
$315K 0.02%
39,900
– –
NVEE
1044
DELISTED
NV5 Global
NVEE
$314K 0.02%
76,800
– –
CMD
1045
DELISTED
Cantel Medical Corporation
CMD
$314K 0.02%
6,600
-2,000
-23% -$88.5K
LLL
1046
DELISTED
L3 Technologies, Inc.
LLL
$314K 0.02%
2,500
-500
-17% -$63.6K
DY icon
1047
Dycom Industries
DY
$12.3B
$313K 0.02%
6,400
-2,300
-26% -$90.4K
KFY icon
1048
Korn Ferry
KFY
$4.36B
$313K 0.02%
9,500
-3,200
-25% -$97K
NWL icon
1049
Newell Brands
NWL
$2.63B
$313K 0.02%
8,000
-1,600
-17% -$61.7K
LNCE
1050
DELISTED
Snyders-Lance, Inc.
LNCE
$313K 0.02%
9,800
-2,700
-22% -$82K
40 41
42
43 44

Similar funds

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
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.