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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
SEM
1151
DELISTED
Select Medical
SEM
$270K 0.02%
+33,779
New +$252K
MRH
1152
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
$270K 0.02%
+7,000
New +$253K
AEC
1153
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
$269K 0.02%
10,900
-3,800
-26% -$93.2K
HBAN icon
1154
Huntington Bancshares
HBAN
$35.9B
$268K 0.02%
24,100
-4,600
-16% -$48.6K
ORN icon
1155
Orion Group Holdings
ORN
$392M
$268K 0.02%
30,300
-1,800
-6% -$17.3K
GK
1156
DELISTED
G&K Services Inc
GK
$268K 0.02%
3,700
-1,400
-27% -$99.2K
RLH
1157
DELISTED
Red Lions Hotel Corporation
RLH
$267K 0.02%
40,025
– –
HAR
1158
DELISTED
Harman International Industries
HAR
$267K 0.02%
2,000
-400
-17% -$49.8K
WTT
1159
DELISTED
Wireless Telecom Group, Inc.
WTT
$266K 0.02%
102,200
– –
EXAM
1160
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
$266K 0.02%
+6,400
New +$258K
CAM
1161
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$266K 0.02%
5,900
-1,200
-17% -$54.8K
CRAI icon
1162
CRA International
CRAI
$1.07B
$265K 0.02%
8,500
– –
SHLM
1163
DELISTED
Schulman (A.) Inc
SHLM
$265K 0.02%
5,500
-1,900
-26% -$75K
CNMD icon
1164
CONMED
CNMD
$1.49B
$264K 0.02%
5,200
-1,800
-26% -$88.2K
MATV icon
1165
Mativ Holdings
MATV
$667M
$263K 0.02%
5,700
-2,100
-27% -$91K
ACOR
1166
DELISTED
Acorda Therapeutics
ACOR
$263K 0.02%
66
-23
-26% -$105K
PLKI
1167
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
$263K 0.02%
+4,400
New +$262K
HRB icon
1168
H&R Block
HRB
$6.76B
$262K 0.02%
8,100
-1,400
-15% -$46.9K
IIIN icon
1169
Insteel Industries
IIIN
$634M
$262K 0.02%
12,100
– –
LGND icon
1170
Ligand Pharmaceuticals
LGND
$5.76B
$262K 0.02%
5,450
-2,276
-29% -$87.2K
OSIS icon
1171
OSI Systems
OSIS
$3.77B
$260K 0.02%
3,500
-1,300
-27% -$93.2K
RRC icon
1172
Range Resources
RRC
$9.33B
$260K 0.02%
5,000
-800
-14% -$39.7K
TILE icon
1173
Interface
TILE
$2.24B
$260K 0.02%
12,500
-2,500
-17% -$45K
SWN
1174
DELISTED
Southwestern Energy Company
SWN
$260K 0.02%
11,200
-1,000
-8% -$24.8K
CNP icon
1175
CenterPoint Energy
CNP
$26.7B
$259K 0.02%
12,700
-2,200
-15% -$48.1K
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
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.