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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
-1.24%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.32B
AUM Growth
-$19M
Cap. Flow
+$13.6M
Cap. Flow %
1.03%
Top 10 Hldgs %
8.43%
Holding
1,682
New
23
Increased
1,200
Reduced
165
Closed
28

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$2.27M
2
X
US Steel
X
+$1.27M
3
ULTI
Ultimate Software Group Inc
ULTI
+$1.13M
4
RDC
Rowan Companies Plc
RDC
+$1.05M
5
BRSL
Brightstar Lottery PLC
BRSL
+$1.02M

Top Sells

Rank Stock Value
1
XEC
CIMAREX ENERGY CO
XEC
+$2.9M
2
AMG icon
Affiliated Managers Group
AMG
+$2.59M
3
UAA icon
Under Armour
UAA
+$2.59M
4
FNF icon
Fidelity National Financial
FNF
+$2.48M
5
HSH
HILLSHIRE BRANDS CO
HSH
+$2.13M

Sector Composition

Rank Sector Weight
1 Financials 13.78%
2 Technology 13.65%
3 Industrials 13.42%
4 Healthcare 11.6%
5 Consumer Discretionary 9.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NAVI icon
1251
Navient
NAVI
$867M
$259K 0.02%
14,600
-300
-2% -$5.28K
HOFT icon
1252
Hooker Furnishings Corp
HOFT
$158M
$258K 0.02%
16,990
– –
CCMP
1253
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$257K 0.02%
6,200
+200
+3% +$8.53K
HDNG
1254
DELISTED
Hardinge Inc
HDNG
$257K 0.02%
23,500
– –
AEC
1255
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
$257K 0.02%
14,700
+800
+6% +$14.5K
STL
1256
DELISTED
Sterling Bancorp
STL
$257K 0.02%
20,100
+1,000
+5% +$12.4K
FDO
1257
DELISTED
FAMILY DOLLAR STORES
FDO
$256K 0.02%
3,300
– –
RCKY icon
1258
Rocky Brands
RCKY
$353M
$254K 0.02%
18,000
– –
ARG
1259
DELISTED
Airgas Inc
ARG
$254K 0.02%
2,300
– –
CNTY icon
1260
Century Casinos
CNTY
$35.2M
$253K 0.02%
49,400
– –
SCSC icon
1261
Scansource
SCSC
$1.06B
$253K 0.02%
7,300
+300
+4% +$11.2K
BPFH
1262
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$253K 0.02%
20,400
+1,100
+6% +$13.9K
NBTB icon
1263
NBT Bancorp
NBTB
$2.79B
$252K 0.02%
11,200
+700
+7% +$16.6K
ROG icon
1264
Rogers Corp
ROG
$2.46B
$252K 0.02%
4,600
+300
+7% +$18.1K
FC icon
1265
Franklin Covey
FC
$227M
$251K 0.02%
12,800
– –
FSP
1266
Franklin Street Properties
FSP
$46.4M
$250K 0.02%
22,300
+1,200
+6% +$14.5K
ISCA
1267
DELISTED
International Speedway Corp
ISCA
$250K 0.02%
7,900
+200
+3% +$6.44K
UTIW
1268
DELISTED
UTI WORLDWIDE INC
UTIW
$250K 0.02%
23,500
-1,700
-7% -$17.2K
LGND icon
1269
Ligand Pharmaceuticals
LGND
$5.76B
$249K 0.02%
8,496
+321
+4% +$10.7K
HF
1270
DELISTED
HFF Inc.
HF
$249K 0.02%
8,600
+600
+8% +$19.6K
CUB
1271
DELISTED
Cubic Corporation
CUB
$248K 0.02%
5,300
+200
+4% +$8.96K
CTAS icon
1272
Cintas
CTAS
$80.3B
$247K 0.02%
14,000
– –
GDEN
1273
DELISTED
Golden Entertainment
GDEN
$247K 0.02%
29,700
– –
LNN icon
1274
Lindsay Corp
LNN
$1.17B
$247K 0.02%
3,300
+100
+3% +$7.9K
CTWS
1275
DELISTED
Connecticut Water Service Inc
CTWS
$247K 0.02%
7,600
– –
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
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
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PVI
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Municipal Employees' Retirement System of Michigan's Q3 2014 Portfolio in Review

As of Q3 2014, Municipal Employees' Retirement System of Michigan held 1,682 positions worth $1.32B, down 1.4% from $1.34B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Trading was light in Q3 2014: portfolio turnover was 3%. Municipal Employees' Retirement System of Michigan opened 23 new positions and exited 28, leaving the 1,682-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 14% a quarter earlier, followed by Technology and Industrials.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2014 buy was Ultimate Software Group Inc: 8,100 shares worth $1.15M.
  • Municipal Employees' Retirement System of Michigan added most to Verizon in Q3 2014, an estimated $2.27M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2014 reduction was CIMAREX ENERGY CO, cutting an estimated $2.9M.
  • Municipal Employees' Retirement System of Michigan fully exited Fidelity National Financial in Q3 2014, selling an estimated $2.48M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.32B portfolio in Q3 2014.
  • Municipal Employees' Retirement System of Michigan opened 23 new positions and closed 28 in Q3 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 1.4% quarter-over-quarter to $1.32B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2014, filed 31 Oct 2014.