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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
JVA icon
1226
Coffee Holding Co
JVA
$20.2M
$239K 0.02%
49,100
– –
VSI
1227
DELISTED
Vitamin Shoppe Inc.
VSI
$239K 0.02%
5,800
-2,100
-27% -$88.7K
CSCD
1228
DELISTED
CASCADE MICROTECH, INC.
CSCD
$239K 0.02%
17,600
– –
APOG icon
1229
Apogee Enterprises
APOG
$888M
$238K 0.02%
5,500
-1,900
-26% -$83.3K
RL icon
1230
Ralph Lauren
RL
$23.1B
$238K 0.02%
1,800
-200
-10% -$29.6K
HCCI
1231
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
$238K 0.02%
20,300
– –
OUTR
1232
DELISTED
OUTERWALL INC
OUTR
$238K 0.02%
3,600
-1,600
-31% -$107K
CTAS icon
1233
Cintas
CTAS
$80.3B
$237K 0.02%
11,600
-2,400
-17% -$48.7K
NWSA icon
1234
News Corp Class A
NWSA
$15.6B
$237K 0.02%
14,800
-2,500
-14% -$40.5K
TIS
1235
DELISTED
Orchids Paper Products, Inc.
TIS
$237K 0.02%
8,800
– –
BWEN icon
1236
Broadwind
BWEN
$125M
$235K 0.02%
46,900
– –
OMCL icon
1237
Omnicell
OMCL
$1.72B
$235K 0.02%
6,700
-2,700
-29% -$89K
BSIN
1238
Big Sky Industrial
BSIN
$71.4M
$234K 0.02%
3,447
– –
SCG
1239
DELISTED
Scana
SCG
$234K 0.02%
4,200
-700
-14% -$41.2K
AX icon
1240
Axos Financial
AX
$5.72B
$233K 0.02%
10,000
-2,800
-22% -$61.5K
ICUI icon
1241
ICU Medical
ICUI
$4.58B
$233K 0.02%
2,500
-1,000
-29% -$87.5K
HF
1242
DELISTED
HFF Inc.
HF
$233K 0.02%
6,200
-2,400
-28% -$86.3K
DALN
1243
DELISTED
DallasNews
DALN
$232K 0.02%
7,050
– –
VECO icon
1244
Veeco
VECO
$3.28B
$232K 0.02%
7,600
-2,600
-25% -$81.3K
CINF icon
1245
Cincinnati Financial
CINF
$26.5B
$231K 0.02%
4,300
-800
-16% -$41.9K
IPHS
1246
DELISTED
Innophos Holdings, Inc.
IPHS
$231K 0.02%
4,100
-1,500
-27% -$87.5K
HIBB
1247
DELISTED
Hibbett, Inc. Common Stock
HIBB
$231K 0.02%
4,700
-1,800
-28% -$88.8K
WDFC icon
1248
WD-40
WDFC
$3.09B
$230K 0.02%
2,600
-1,000
-28% -$84K
CBM
1249
DELISTED
Cambrex Corporation
CBM
$230K 0.02%
5,800
-2,000
-26% -$59.1K
CKH
1250
DELISTED
Seacor Holdings Inc.
CKH
$230K 0.02%
3,412
-1,655
-33% -$114K
48 49
50
51 52

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VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
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
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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.