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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
AES icon
1201
AES
AES
$10.5B
$249K 0.02%
19,400
-3,400
-15% -$42.6K
ASRT
1202
DELISTED
Assertio
ASRT
$249K 0.02%
185
-62
-25% -$76.3K
MWV
1203
DELISTED
MEADWESTVACO CORP
MWV
$249K 0.02%
5,000
-800
-14% -$39.8K
NAVI icon
1204
Navient
NAVI
$867M
$248K 0.02%
12,200
-2,400
-16% -$49.3K
DISCK
1205
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$248K 0.02%
8,410
+910
+12% +$27.5K
FMBI
1206
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$248K 0.02%
14,200
-5,100
-26% -$85.3K
CPB icon
1207
Campbell Soup
CPB
$6.94B
$247K 0.02%
5,300
-900
-15% -$41.6K
FCFS icon
1208
FirstCash
FCFS
$9.14B
$247K 0.02%
5,300
-2,100
-28% -$104K
HTLD icon
1209
Heartland Express
HTLD
$979M
$247K 0.02%
10,400
-2,400
-19% -$60.9K
PLOW icon
1210
Douglas Dynamics
PLOW
$967M
$247K 0.02%
10,800
– –
TULP
1211
Bloomia Holdings
TULP
$246K 0.02%
11,729
– –
NWN icon
1212
Northwest Natural Holdings
NWN
$2.14B
$245K 0.02%
5,100
-1,800
-26% -$87.1K
QLGC
1213
DELISTED
QLOGIC CORP
QLGC
$245K 0.02%
16,600
-5,700
-26% -$80.3K
LHX icon
1214
L3Harris
LHX
$53.7B
$244K 0.02%
3,100
-600
-16% -$43.8K
GST
1215
DELISTED
Gastar Exploration Inc.
GST
$244K 0.02%
93,300
– –
ETFC
1216
DELISTED
E*Trade Financial Corporation
ETFC
$243K 0.02%
8,500
-1,500
-15% -$38.3K
CLW icon
1217
Clearwater Paper
CLW
$354M
$242K 0.02%
3,700
-1,500
-29% -$99.8K
JNPR
1218
DELISTED
Juniper Networks
JNPR
$242K 0.02%
10,700
-5,700
-35% -$132K
RHI icon
1219
Robert Half
RHI
$4.48B
$242K 0.02%
4,000
-700
-15% -$42.1K
TYPE
1220
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$242K 0.02%
7,400
-2,700
-27% -$83.5K
NTUS
1221
DELISTED
Natus Medical Inc
NTUS
$241K 0.02%
6,100
-1,300
-18% -$47.9K
CCUR
1222
DELISTED
CCUR Holdings, Inc. Common Stock
CCUR
$241K 0.02%
38,100
– –
BHE icon
1223
Benchmark Electronics
BHE
$2.89B
$240K 0.02%
10,000
-3,800
-28% -$90.7K
CMA
1224
DELISTED
Comerica
CMA
$240K 0.02%
5,300
-1,000
-16% -$44.6K
AXON
1225
Axon Enterprise
AXON
$50B
$239K 0.02%
9,900
-3,900
-28% -$99.2K
47 48
49
50 51

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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.