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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
FLG
101
Flagstar Bank National Association
FLG
$5.9B
$2.24M 0.17%
44,667
-3,233
-7% -$157K
IT icon
102
Gartner
IT
$11.3B
$2.23M 0.17%
26,600
-2,260
-8% -$186K
IDXX icon
103
Idexx Laboratories
IDXX
$45B
$2.23M 0.17%
28,800
-1,960
-6% -$153K
MD icon
104
Pediatrix Medical
MD
$2.15B
$2.2M 0.17%
30,400
-2,140
-7% -$149K
AYI icon
105
Acuity Brands
AYI
$10.8B
$2.2M 0.17%
13,100
-930
-7% -$146K
SNPS icon
106
Synopsys
SNPS
$79B
$2.19M 0.17%
47,200
-3,420
-7% -$153K
WBA
107
DELISTED
Walgreens Boots Alliance
WBA
$2.19M 0.17%
25,800
-4,600
-15% -$366K
RJF icon
108
Raymond James Financial
RJF
$34.9B
$2.18M 0.17%
57,300
-3,930
-6% -$147K
ARE icon
109
Alexandria Real Estate Equities
ARE
$8.27B
$2.15M 0.17%
21,800
-1,490
-6% -$144K
LOW icon
110
Lowe's Companies
LOW
$121B
$2.14M 0.17%
28,800
-5,800
-17% -$416K
LNT icon
111
Alliant Energy
LNT
$18.2B
$2.12M 0.16%
67,200
-4,840
-7% -$158K
KMI icon
112
Kinder Morgan
KMI
$70.7B
$2.11M 0.16%
50,200
+27,100
+117% +$1.12M
LLY icon
113
Eli Lilly
LLY
$1.09T
$2.1M 0.16%
28,900
-5,200
-15% -$370K
TWX
114
DELISTED
Time Warner Inc
TWX
$2.09M 0.16%
24,800
-5,700
-19% -$474K
SBUX icon
115
Starbucks
SBUX
$124B
$2.09M 0.16%
44,200
-8,000
-15% -$359K
MSCI icon
116
MSCI
MSCI
$40.9B
$2.08M 0.16%
33,900
-3,950
-10% -$220K
NKE icon
117
Nike
NKE
$60.1B
$2.07M 0.16%
41,200
-9,800
-19% -$468K
MAN icon
118
ManpowerGroup
MAN
$2.61B
$2.07M 0.16%
24,000
-1,880
-7% -$143K
WSM icon
119
Williams-Sonoma
WSM
$28.9B
$2.06M 0.16%
51,800
-5,020
-9% -$199K
ABT icon
120
Abbott
ABT
$192B
$2.06M 0.16%
44,500
-7,500
-14% -$344K
AXP icon
121
American Express
AXP
$232B
$2.06M 0.16%
26,300
-5,200
-17% -$432K
CPT icon
122
Camden Property Trust
CPT
$10.9B
$2.06M 0.16%
26,100
-1,680
-6% -$129K
HII icon
123
Huntington Ingalls Industries
HII
$12.9B
$2.05M 0.16%
14,600
-1,160
-7% -$149K
BEAV
124
DELISTED
B/E Aerospace Inc
BEAV
$2.04M 0.16%
31,900
-2,290
-7% -$141K
BR icon
125
Broadridge
BR
$19.3B
$2.01M 0.16%
36,400
-2,430
-6% -$123K
3 4
5
6 7

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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
HI
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PEA
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SUT
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MU
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WPL
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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.