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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
GSM icon
1251
FerroAtlántica
GSM
$818M
$229K 0.02%
12,100
-4,100
-25% -$69.1K
MAT icon
1252
Mattel
MAT
$4.25B
$229K 0.02%
10,000
-1,700
-15% -$45.1K
TNC icon
1253
Tennant Co
TNC
$1.15B
$229K 0.02%
3,500
-1,200
-26% -$79.9K
INN
1254
Summit Hotel Properties
INN
$656M
$228K 0.02%
+16,200
New +$215K
MUR icon
1255
Murphy Oil
MUR
$4.99B
$228K 0.02%
4,900
-900
-16% -$43.5K
FLS icon
1256
Flowserve
FLS
$10.3B
$227K 0.02%
4,000
-800
-17% -$46.4K
HRL icon
1257
Hormel Foods
HRL
$13.4B
$227K 0.02%
8,000
-1,400
-15% -$38.3K
KLIC icon
1258
Kulicke & Soffa
KLIC
$5.01B
$227K 0.02%
14,500
-5,100
-26% -$79.2K
STL
1259
DELISTED
Sterling Bancorp
STL
$227K 0.02%
16,900
-3,200
-16% -$43.5K
RRGB icon
1260
Red Robin
RRGB
$183M
$226K 0.02%
2,600
-700
-21% -$56.7K
PCL
1261
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$226K 0.02%
5,200
-900
-15% -$39.2K
CCMP
1262
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$225K 0.02%
4,500
-1,700
-27% -$83.6K
AZZ icon
1263
AZZ Inc
AZZ
$4.52B
$224K 0.02%
4,800
-1,700
-26% -$74.9K
FMC icon
1264
FMC
FMC
$1.27B
$224K 0.02%
4,497
-807
-15% -$42.1K
MAGN
1265
Magnera Corp
MAGN
$433M
$224K 0.02%
623
-223
-26% -$71.7K
CLF icon
1266
Cleveland-Cliffs
CLF
$6.93B
$223K 0.02%
46,400
-3,320
-7% -$21.4K
ENG
1267
DELISTED
ENGlobal Corp
ENG
$222K 0.02%
16,750
– –
FDO
1268
DELISTED
FAMILY DOLLAR STORES
FDO
$222K 0.02%
2,800
-500
-15% -$39K
PHM icon
1269
Pultegroup
PHM
$24.9B
$221K 0.02%
9,900
-1,900
-16% -$41.4K
SPTN
1270
DELISTED
SpartanNash
SPTN
$221K 0.02%
7,000
-2,600
-27% -$70.2K
FINL
1271
DELISTED
Finish Line
FINL
$221K 0.02%
9,000
-3,300
-27% -$79.4K
NSIT icon
1272
Insight Enterprises
NSIT
$4.6B
$220K 0.02%
7,700
-2,800
-27% -$72.1K
NSP icon
1273
Insperity
NSP
$2.05B
$220K 0.02%
8,400
-3,200
-28% -$74.5K
SCSC icon
1274
Scansource
SCSC
$1.06B
$220K 0.02%
5,400
-1,900
-26% -$72K
CALM icon
1275
Cal-Maine
CALM
$3.87B
$219K 0.02%
5,600
-2,000
-26% -$73.9K
49 50
51
52 53

Similar funds

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