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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
AKS
1326
DELISTED
AK Steel Holding Corp
AKS
$239K 0.02%
+33,100
New +$224K
LEN icon
1327
Lennar Class A
LEN
$21.1B
$238K 0.02%
6,303
+525
+9% +$20.1K
DXPE icon
1328
DXP Enterprises
DXPE
$3B
$237K 0.02%
+2,500
New +$252K
IPI icon
1329
Intrepid Potash
IPI
$484M
$237K 0.02%
1,530
+10
+0.7% +$1.53K
PFS icon
1330
Provident Financial Services
PFS
$3.26B
$237K 0.02%
+12,900
New +$234K
VRSN icon
1331
VeriSign
VRSN
$26B
$237K 0.02%
4,400
-600
-12% -$34K
AEGN
1332
DELISTED
Aegion Corp
AEGN
$235K 0.02%
+9,300
New +$206K
AEC
1333
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
$235K 0.02%
+13,900
New +$231K
HW
1334
DELISTED
Headwaters Inc
HW
$234K 0.02%
+17,700
New +$211K
APOG icon
1335
Apogee Enterprises
APOG
$888M
$233K 0.02%
+7,000
New +$238K
PPIH
1336
Perma-Pipe International
PPIH
$216M
$233K 0.02%
+17,100
New +$259K
SPRT
1337
DELISTED
support.com, Inc.
SPRT
$233K 0.02%
+30,400
New +$254K
EXLS icon
1338
EXL Service
EXLS
$5.36B
$232K 0.02%
+37,500
New +$208K
GRMN
1339
Garmin
GRMN
$60.2B
$232K 0.02%
4,200
+600
+17% +$29.7K
KLIC icon
1340
Kulicke & Soffa
KLIC
$5.01B
$232K 0.02%
+18,400
New +$219K
ZQK
1341
DELISTED
QUICKSILVER,INC.
ZQK
$232K 0.02%
+30,900
New +$238K
AXON
1342
Axon Enterprise
AXON
$50B
$230K 0.02%
+12,600
New +$225K
DIOD icon
1343
Diodes
DIOD
$4.48B
$230K 0.02%
+8,800
New +$211K
MWV
1344
DELISTED
MEADWESTVACO CORP
MWV
$230K 0.02%
6,100
+300
+5% +$10.9K
EHTH icon
1345
eHealth
EHTH
$38.8M
$229K 0.02%
+4,500
New +$234K
XYL icon
1346
Xylem
XYL
$28.1B
$229K 0.02%
6,300
+100
+2% +$3.65K
DRI icon
1347
Darden Restaurants
DRI
$25.4B
$228K 0.02%
5,034
+224
+5% +$10K
ANDV
1348
DELISTED
Andeavor
ANDV
$228K 0.02%
4,500
-100
-2% -$5.2K
BOOM icon
1349
DMC Global
BOOM
$153M
$227K 0.02%
+11,900
New +$252K
HRL icon
1350
Hormel Foods
HRL
$13.4B
$227K 0.02%
9,200
– –
52 53
54
55 56

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SFM
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AI
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PEA
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SUT
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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.