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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
TGNA
1376
DELISTED
TEGNA Inc
TGNA
$215K 0.02%
14,910
+191
+1% +$2.84K
AAWW
1377
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$215K 0.02%
+6,100
New +$214K
CSGS
1378
DELISTED
CSG Systems International
CSGS
$214K 0.02%
+8,200
New +$231K
IRC
1379
DELISTED
INLAND REAL ESTATE CORP
IRC
$214K 0.02%
+20,300
New +$212K
MTRX icon
1380
Matrix Service
MTRX
$328M
$213K 0.02%
+6,300
New +$189K
MIND icon
1381
MIND Technology
MIND
$42.6M
$212K 0.02%
+1,520
New +$229K
DHI icon
1382
D.R. Horton
DHI
$41.9B
$210K 0.02%
9,700
+400
+4% +$9.04K
FCF icon
1383
First Commonwealth Financial
FCF
$2.19B
$210K 0.02%
+23,200
New +$198K
CTAS icon
1384
Cintas
CTAS
$80.3B
$209K 0.02%
14,000
– –
JOY
1385
DELISTED
Joy Global Inc
JOY
$209K 0.02%
3,600
+100
+3% +$5.55K
MGAM
1386
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
$209K 0.02%
+7,200
New +$227K
PNW icon
1387
Pinnacle West Capital
PNW
$12.2B
$208K 0.02%
3,800
+200
+6% +$10.7K
VRTU
1388
DELISTED
Virtusa Corporation
VRTU
$208K 0.02%
+6,200
New +$220K
KRA
1389
DELISTED
Kraton Corporation
KRA
$207K 0.02%
+7,900
New +$199K
NTWK icon
1390
NetSol Technologies
NTWK
$49.3M
$206K 0.02%
+44,800
New +$230K
LSI
1391
DELISTED
LSI CORPORATION
LSI
$206K 0.02%
18,600
+200
+1% +$2.21K
RTI
1392
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
$206K 0.02%
+7,400
New +$220K
ENSG icon
1393
The Ensign Group
ENSG
$10.6B
$205K 0.02%
+18,419
New +$197K
GEOS icon
1394
Geospace Technologies
GEOS
$66.5M
$205K 0.02%
+3,100
New +$238K
DNR
1395
DELISTED
Denbury Resources, Inc.
DNR
$205K 0.02%
12,500
+100
+0.8% +$1.63K
COHR icon
1396
Coherent
COHR
$64B
$204K 0.02%
+13,200
New +$213K
JBTM
1397
JBT Marel
JBTM
$6.1B
$204K 0.02%
+6,600
New +$201K
KOP icon
1398
Koppers
KOP
$874M
$202K 0.02%
+4,900
New +$200K
NOG icon
1399
Northern Oil and Gas
NOG
$2.61B
$202K 0.02%
+1,380
New +$200K
IPCM
1400
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
$201K 0.02%
+4,100
New +$218K
54 55
56
57 58

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SFM
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AI
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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.