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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
NBTB icon
1276
NBT Bancorp
NBTB
$2.79B
$257K 0.02%
+10,500
New +$254K
SBRA icon
1277
Sabra Healthcare REIT
SBRA
$5.15B
$257K 0.02%
+9,200
New +$253K
SHLM
1278
DELISTED
Schulman (A.) Inc
SHLM
$257K 0.02%
+7,100
New +$244K
AGX icon
1279
Argan
AGX
$7.84B
$256K 0.02%
+8,600
New +$248K
BGG
1280
DELISTED
Briggs & Stratton Corp.
BGG
$256K 0.02%
+11,500
New +$251K
OMG
1281
DELISTED
OM GROUP INC.
OMG
$256K 0.02%
+7,700
New +$258K
SPLS
1282
DELISTED
Staples Inc
SPLS
$255K 0.02%
22,500
– –
EXPE icon
1283
Expedia Group
EXPE
$39.4B
$254K 0.02%
3,500
+400
+13% +$29K
MSTR icon
1284
Strategy Inc
MSTR
$38.2B
$254K 0.02%
+22,000
New +$275K
SNCR
1285
DELISTED
Synchronoss Technologies
SNCR
$254K 0.02%
+822
New +$236K
TIS
1286
DELISTED
Orchids Paper Products, Inc.
TIS
$254K 0.02%
+8,300
New +$267K
FC icon
1287
Franklin Covey
FC
$227M
$253K 0.02%
+12,800
New +$259K
MTSC
1288
DELISTED
MTS Systems Corp
MTSC
$253K 0.02%
+3,700
New +$263K
FFBC icon
1289
First Financial Bancorp
FFBC
$3.6B
$252K 0.02%
+14,000
New +$240K
KWR icon
1290
Quaker Houghton
KWR
$2.95B
$252K 0.02%
+3,200
New +$238K
ECOL
1291
DELISTED
US Ecology, Inc.
ECOL
$252K 0.02%
+6,800
New +$248K
PCL
1292
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$252K 0.02%
6,000
+500
+9% +$21.5K
CCMP
1293
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$251K 0.02%
+5,700
New +$249K
LTXB
1294
DELISTED
LegacyTexas Financial Group Inc
LTXB
$251K 0.02%
+8,700
New +$225K
ILG
1295
DELISTED
ILG, Inc Common Stock
ILG
$251K 0.02%
+9,600
New +$264K
AIR icon
1296
AAR Corp
AIR
$5.77B
$249K 0.02%
+9,600
New +$268K
AX icon
1297
Axos Financial
AX
$5.72B
$249K 0.02%
+11,600
New +$249K
RLH
1298
DELISTED
Red Lions Hotel Corporation
RLH
$248K 0.02%
+42,500
New +$249K
ACI
1299
DELISTED
ARCH COAL, INC.
ACI
$248K 0.02%
5,140
-670
-12% -$28.7K
PETM
1300
DELISTED
PETSMART INC
PETM
$248K 0.02%
3,600
– –
50 51
52
53 54

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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
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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.