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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
ADVS
1101
DELISTED
Advent Software Inc
ADVS
$326K 0.03%
11,100
-200
-2% -$6.38K
CEMI
1102
DELISTED
Chembio diagnostics, Inc.
CEMI
$326K 0.03%
+94,900
New +$333K
MCHP icon
1103
Microchip Technology
MCHP
$42.2B
$325K 0.03%
13,600
+600
+5% +$13.7K
MATV icon
1104
Mativ Holdings
MATV
$667M
$324K 0.03%
+7,600
New +$347K
MKC icon
1105
McCormick & Company Non-Voting
MKC
$14.6B
$323K 0.03%
9,000
+200
+2% +$6.73K
NNBR icon
1106
NN Inc
NNBR
$298M
$323K 0.03%
+16,400
New +$312K
RL icon
1107
Ralph Lauren
RL
$23.1B
$322K 0.03%
2,000
– –
TNL icon
1108
Travel + Leisure Co
TNL
$4.58B
$322K 0.03%
9,746
-222
-2% -$7.25K
BFX
1109
DELISTED
BowFlex Inc.
BFX
$322K 0.03%
+33,400
New +$286K
FINL
1110
DELISTED
Finish Line
FINL
$322K 0.03%
+11,900
New +$316K
CMA
1111
DELISTED
Comerica
CMA
$321K 0.03%
6,200
– –
KALU icon
1112
Kaiser Aluminum
KALU
$2.99B
$321K 0.03%
+4,500
New +$315K
WERN icon
1113
Werner Enterprises
WERN
$2.31B
$321K 0.03%
12,600
+100
+0.8% +$2.56K
AF
1114
DELISTED
Astoria Financial Corporation
AF
$321K 0.03%
23,200
+300
+1% +$4.1K
CJES
1115
DELISTED
C&J ENERGY SVCS LTD
CJES
$321K 0.03%
+11,000
New +$271K
AES icon
1116
AES
AES
$10.5B
$320K 0.02%
22,400
+1,700
+8% +$24K
CLW icon
1117
Clearwater Paper
CLW
$354M
$320K 0.02%
+5,100
New +$304K
MNST icon
1118
Monster Beverage
MNST
$91.4B
$319K 0.02%
55,200
-2,400
-4% -$14K
AMRC icon
1119
Ameresco
AMRC
$1.47B
$318K 0.02%
+42,000
New +$398K
TAP icon
1120
Molson Coors Class B
TAP
$7.85B
$318K 0.02%
5,400
+200
+4% +$11.2K
NTGR icon
1121
NETGEAR
NTGR
$647M
$317K 0.02%
+9,400
New +$315K
LTC
1122
LTC Properties
LTC
$2.1B
$316K 0.02%
+8,400
New +$312K
SUMR
1123
DELISTED
Summer Infant, Inc.
SUMR
$316K 0.02%
+16,800
New +$300K
SIGI icon
1124
Selective Insurance
SIGI
$5.59B
$315K 0.02%
+13,500
New +$321K
ULBI icon
1125
Ultralife
ULBI
$124M
$315K 0.02%
+74,100
New +$285K
43 44
45
46 47

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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.