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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
KIM icon
1151
Kimco Realty
KIM
$16.4B
$304K 0.02%
13,900
+200
+1% +$4.26K
FCRD
1152
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$304K 0.02%
+22,000
New +$338K
CSC
1153
DELISTED
Computer Sciences
CSC
$304K 0.02%
11,865
-237
-2% -$5.96K
XL
1154
DELISTED
XL Group Ltd.
XL
$303K 0.02%
9,700
-200
-2% -$5.97K
VAR
1155
DELISTED
Varian Medical Systems, Inc.
VAR
$302K 0.02%
4,105
– –
CAA
1156
DELISTED
CalAtlantic Group, Inc.
CAA
$302K 0.02%
+7,260
New +$314K
IPHS
1157
DELISTED
Innophos Holdings, Inc.
IPHS
$301K 0.02%
+5,300
New +$272K
PKY
1158
DELISTED
Parkway, Inc.
PKY
$301K 0.02%
+16,500
New +$298K
JEF icon
1159
Jefferies Financial Group
JEF
$12.9B
$300K 0.02%
11,953
+1,005
+9% +$24.8K
PNFP icon
1160
Pinnacle Financial Partners Inc
PNFP
$16.2B
$300K 0.02%
+8,000
New +$276K
MAC icon
1161
Macerich
MAC
$6.99B
$299K 0.02%
4,800
+200
+4% +$11.9K
PETS icon
1162
PetMed Express
PETS
$43.4M
$299K 0.02%
+22,300
New +$309K
GNW icon
1163
Genworth Financial
GNW
$3.77B
$298K 0.02%
16,800
+300
+2% +$4.82K
NGS icon
1164
Natural Gas Services Group
NGS
$474M
$298K 0.02%
+9,900
New +$295K
PEI
1165
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
$298K 0.02%
+1,100
New +$306K
BHE icon
1166
Benchmark Electronics
BHE
$2.89B
$297K 0.02%
+13,100
New +$306K
GDEN
1167
DELISTED
Golden Entertainment
GDEN
$297K 0.02%
+29,700
New +$281K
SCL icon
1168
Stepan Co
SCL
$1.48B
$297K 0.02%
+4,600
New +$288K
NPBC
1169
DELISTED
NATL PENN BANCSHARES INC
NPBC
$296K 0.02%
+28,300
New +$302K
LH icon
1170
Labcorp
LH
$26.2B
$295K 0.02%
3,492
-116
-3% -$9.25K
MCRI icon
1171
Monarch Casino & Resort
MCRI
$2.2B
$295K 0.02%
+15,900
New +$298K
TNC icon
1172
Tennant Co
TNC
$1.15B
$295K 0.02%
+4,500
New +$289K
EGAS
1173
DELISTED
Gas Natural Inc.
EGAS
$295K 0.02%
+29,200
New +$278K
MATX icon
1174
Matsons
MATX
$6.39B
$294K 0.02%
11,900
+200
+2% +$4.94K
VRTS icon
1175
Virtus Investment Partners
VRTS
$1.14B
$294K 0.02%
+1,700
New +$313K
45 46
47
48 49

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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.