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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
HDNG
1076
DELISTED
Hardinge Inc
HDNG
$338K 0.03%
+23,500
New +$335K
KNGT
1077
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
$338K 0.03%
+14,600
New +$338K
FDUS icon
1078
Fidus Investment
FDUS
$751M
$336K 0.03%
+17,400
New +$358K
JJSF icon
1079
J&J Snack Foods
JJSF
$1.7B
$336K 0.03%
+3,500
New +$316K
GPI icon
1080
Group 1 Automotive
GPI
$3.14B
$335K 0.03%
+5,100
New +$332K
LION
1081
DELISTED
Fidelity Southern Corporation
LION
$335K 0.03%
+23,996
New +$346K
GOV
1082
DELISTED
Government Properties Income Trust
GOV
$335K 0.03%
+13,300
New +$329K
CROX icon
1083
Crocs
CROX
$6.36B
$334K 0.03%
+21,400
New +$328K
NWBI icon
1084
Northwest Bancshares
NWBI
$2.31B
$333K 0.03%
+22,800
New +$329K
LNCE
1085
DELISTED
Snyders-Lance, Inc.
LNCE
$333K 0.03%
+11,800
New +$321K
HIBB
1086
DELISTED
Hibbett, Inc. Common Stock
HIBB
$333K 0.03%
+6,300
New +$372K
TSCO icon
1087
Tractor Supply
TSCO
$18.8B
$332K 0.03%
23,500
-167,500
-88% -$2.37M
OPLK
1088
DELISTED
OPLINK COMMUNICATIONS INC
OPLK
$332K 0.03%
+18,500
New +$328K
SVVC
1089
DELISTED
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
$331K 0.03%
+15,500
New +$363K
AUD
1090
DELISTED
Audacy, Inc.
AUD
$331K 0.03%
+32,900
New +$331K
AP icon
1091
Ampco-Pittsburgh
AP
$190M
$330K 0.03%
+17,500
New +$328K
LGND icon
1092
Ligand Pharmaceuticals
LGND
$5.76B
$330K 0.03%
+7,855
New +$327K
HOS
1093
DELISTED
Hornbeck Offshore Services, Inc.
HOS
$330K 0.03%
+7,900
New +$337K
HOPE icon
1094
Hope Bancorp
HOPE
$1.85B
$329K 0.03%
+19,200
New +$316K
PLXS icon
1095
Plexus
PLXS
$7.04B
$329K 0.03%
+8,200
New +$335K
SRCL
1096
DELISTED
Stericycle Inc
SRCL
$329K 0.03%
2,900
– –
GSM icon
1097
FerroAtlántica
GSM
$818M
$327K 0.03%
+15,700
New +$298K
TIF
1098
DELISTED
Tiffany & Co.
TIF
$327K 0.03%
3,800
-200
-5% -$17.8K
OHAI
1099
DELISTED
OHA Investment Corporation
OHAI
$327K 0.03%
+48,400
New +$359K
MPWR icon
1100
Monolithic Power Systems
MPWR
$67B
$326K 0.03%
+8,400
New +$296K
42 43
44
45 46

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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 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.