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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
TST
1351
DELISTED
TheStreet, Inc.
TST
$194K 0.02%
10,770
– –
ILG
1352
DELISTED
ILG, Inc Common Stock
ILG
$194K 0.02%
7,400
-2,800
-27% -$69K
ADTN icon
1353
Adtran
ADTN
$658M
$190K 0.01%
10,200
-3,000
-23% -$63.8K
CATO icon
1354
Cato Corp
CATO
$66.7M
$190K 0.01%
4,800
-1,800
-27% -$76.4K
CNX icon
1355
CNX Resources
CNX
$5.23B
$190K 0.01%
8,160
-1,440
-15% -$36.7K
LEG icon
1356
Leggett & Platt
LEG
$1.32B
$190K 0.01%
4,100
-700
-15% -$31.2K
BKS
1357
DELISTED
Barnes & Noble
BKS
$190K 0.01%
12,208
-2,289
-16% -$35.9K
CECO icon
1358
Ceco Environmental
CECO
$4.5B
$189K 0.01%
17,800
– –
XYL icon
1359
Xylem
XYL
$28.1B
$189K 0.01%
5,400
-900
-14% -$31.7K
PFS icon
1360
Provident Financial Services
PFS
$3.26B
$188K 0.01%
10,100
-3,700
-27% -$67K
BPFH
1361
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$188K 0.01%
15,500
-4,900
-24% -$60.3K
TSS
1362
DELISTED
Total System Services, Inc.
TSS
$188K 0.01%
4,900
-900
-16% -$32.9K
STMP
1363
DELISTED
Stamps.com, Inc.
STMP
$188K 0.01%
2,800
-1,000
-26% -$53.2K
ECPG icon
1364
Encore Capital Group
ECPG
$2.15B
$187K 0.01%
4,500
-1,500
-25% -$62.3K
SXC icon
1365
SunCoke Energy
SXC
$788M
$185K 0.01%
12,400
-5,500
-31% -$93.9K
CROX icon
1366
Crocs
CROX
$6.36B
$183K 0.01%
15,500
-6,900
-31% -$77.3K
GPRE icon
1367
Green Plains
GPRE
$1.09B
$183K 0.01%
6,400
-1,600
-20% -$40K
IRBT
1368
DELISTED
iRobot
IRBT
$183K 0.01%
5,600
-1,900
-25% -$61.7K
PWR icon
1369
Quanta Services
PWR
$101B
$183K 0.01%
6,400
-1,200
-16% -$33.6K
AEIS icon
1370
Advanced Energy
AEIS
$13.2B
$182K 0.01%
7,100
-2,600
-27% -$66.2K
AIV
1371
Aimco
AIV
$379M
$181K 0.01%
34,531
-3,003
-8% -$15.6K
COHR icon
1372
Coherent
COHR
$64B
$181K 0.01%
9,800
-4,000
-29% -$65.9K
CIR
1373
DELISTED
CIRCOR International, Inc
CIR
$181K 0.01%
3,300
-1,200
-27% -$63.7K
SYKE
1374
DELISTED
SYKES Enterprises Inc
SYKE
$181K 0.01%
7,300
-2,700
-27% -$63.5K
IPCC
1375
DELISTED
Infinity Property & Casualty C
IPCC
$181K 0.01%
2,200
-700
-24% -$53.4K
53 54
55
56 57

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.