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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
ANDE icon
1301
Andersons Inc
ANDE
$2.21B
$212K 0.02%
5,100
-1,700
-25% -$76.5K
NWBI icon
1302
Northwest Bancshares
NWBI
$2.31B
$212K 0.02%
17,900
-6,300
-26% -$74.9K
WABC icon
1303
Westamerica Bancorp
WABC
$1.39B
$212K 0.02%
4,900
-1,370
-22% -$59.8K
CUB
1304
DELISTED
Cubic Corporation
CUB
$212K 0.02%
4,100
-1,200
-23% -$62.9K
ARG
1305
DELISTED
Airgas Inc
ARG
$212K 0.02%
2,000
-300
-13% -$34K
UTIW
1306
DELISTED
UTI WORLDWIDE INC
UTIW
$212K 0.02%
17,200
-6,300
-27% -$77.9K
MTSC
1307
DELISTED
MTS Systems Corp
MTSC
$212K 0.02%
2,800
-1,100
-28% -$79.9K
UFPI icon
1308
UFP Industries
UFPI
$5.03B
$211K 0.02%
11,400
-3,900
-25% -$67.8K
CCC
1309
DELISTED
Calgon Carbon Corp
CCC
$211K 0.02%
10,000
-3,600
-26% -$72.9K
PNW icon
1310
Pinnacle West Capital
PNW
$12.2B
$210K 0.02%
3,300
-500
-13% -$33.4K
TR icon
1311
Tootsie Roll Industries
TR
$3.02B
$210K 0.02%
8,582
-700
-8% -$16K
BYD icon
1312
Boyd Gaming
BYD
$6.05B
$209K 0.02%
14,700
-4,700
-24% -$64.6K
GL icon
1313
Globe Life
GL
$14B
$209K 0.02%
3,800
-700
-16% -$37.2K
ALOG
1314
DELISTED
Analogic Corp
ALOG
$209K 0.02%
2,300
-900
-28% -$77.4K
FTR
1315
DELISTED
Frontier Communications Corp.
FTR
$209K 0.02%
1,973
-340
-15% -$37.6K
SAIA icon
1316
Saia
SAIA
$10.1B
$208K 0.02%
4,700
-1,600
-25% -$73.7K
UVV icon
1317
Universal Corp
UVV
$1.12B
$208K 0.02%
4,400
-1,190
-21% -$52.6K
RTI
1318
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
$208K 0.02%
5,800
-2,100
-27% -$58.9K
BJRI icon
1319
BJ's Restaurants
BJRI
$1.42B
$207K 0.02%
4,100
-2,300
-36% -$113K
FFBC icon
1320
First Financial Bancorp
FFBC
$3.6B
$207K 0.02%
11,500
-3,200
-22% -$55.7K
JEF icon
1321
Jefferies Financial Group
JEF
$12.9B
$207K 0.02%
10,389
-1,899
-15% -$39.2K
VRTU
1322
DELISTED
Virtusa Corporation
VRTU
$207K 0.02%
5,000
-1,700
-25% -$67.6K
ONE
1323
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
$207K 0.02%
85,700
– –
SNI
1324
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$206K 0.02%
3,000
-700
-19% -$50.9K
NBTB icon
1325
NBT Bancorp
NBTB
$2.79B
$205K 0.02%
8,200
-3,000
-27% -$73K
51 52
53
54 55

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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 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.