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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
FSP
1251
Franklin Street Properties
FSP
$46.4M
$266K 0.02%
+21,100
New +$257K
HOFT icon
1252
Hooker Furnishings Corp
HOFT
$158M
$266K 0.02%
+16,990
New +$262K
UFPI icon
1253
UFP Industries
UFPI
$5.03B
$266K 0.02%
+14,400
New +$256K
HTLD icon
1254
Heartland Express
HTLD
$979M
$265K 0.02%
+11,700
New +$245K
CLCT
1255
DELISTED
Collectors Universe
CLCT
$265K 0.02%
+14,100
New +$267K
TPLM
1256
DELISTED
Triangle Petroleum Corporation
TPLM
$265K 0.02%
+32,200
New +$264K
MEI icon
1257
Methode Electronics
MEI
$593M
$264K 0.02%
+8,600
New +$284K
CAL icon
1258
Caleres
CAL
$461M
$263K 0.02%
+9,900
New +$249K
CSH
1259
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
$263K 0.02%
+14,987
New +$266K
IART icon
1260
Integra LifeSciences
IART
$1.42B
$262K 0.02%
+13,945
New +$269K
IBKR icon
1261
Interactive Brokers
IBKR
$41.4B
$262K 0.02%
+48,400
New +$268K
SCOR icon
1262
Comscore
SCOR
$91.6M
$262K 0.02%
+400
New +$241K
ISCA
1263
DELISTED
International Speedway Corp
ISCA
$262K 0.02%
7,700
+100
+1% +$3.38K
ATMI
1264
DELISTED
A T M I INC
ATMI
$262K 0.02%
+7,700
New +$248K
CBRE icon
1265
CBRE Group
CBRE
$44B
$261K 0.02%
9,500
-700
-7% -$18.9K
ITI
1266
DELISTED
Iteris, Inc.
ITI
$261K 0.02%
+131,800
New +$282K
BPFH
1267
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$261K 0.02%
+19,300
New +$247K
ECPG icon
1268
Encore Capital Group
ECPG
$2.15B
$260K 0.02%
+5,700
New +$275K
CUB
1269
DELISTED
Cubic Corporation
CUB
$260K 0.02%
+5,100
New +$264K
CTWS
1270
DELISTED
Connecticut Water Service Inc
CTWS
$260K 0.02%
+7,600
New +$257K
ANR
1271
DELISTED
Alpha Natural Resources Inc
ANR
$260K 0.02%
61,100
+400
+0.7% +$2.14K
DY icon
1272
Dycom Industries
DY
$12.3B
$259K 0.02%
+8,200
New +$235K
MOH icon
1273
Molina Healthcare
MOH
$10.7B
$259K 0.02%
+6,900
New +$254K
NSIT icon
1274
Insight Enterprises
NSIT
$4.6B
$259K 0.02%
+10,300
New +$237K
RCKY icon
1275
Rocky Brands
RCKY
$353M
$259K 0.02%
+18,000
New +$264K
49 50
51
52 53

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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
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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.