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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
CNSL
1376
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$180K 0.01%
8,800
-2,990
-25% -$68.9K
RGR icon
1377
Sturm, Ruger & Co
RGR
$601M
$179K 0.01%
3,600
-1,400
-28% -$62.7K
NDAQ icon
1378
Nasdaq
NDAQ
$54.6B
$178K 0.01%
10,500
-1,800
-15% -$29.3K
IRC
1379
DELISTED
INLAND REAL ESTATE CORP
IRC
$178K 0.01%
16,600
-4,900
-23% -$53.7K
BGG
1380
DELISTED
Briggs & Stratton Corp.
BGG
$177K 0.01%
8,600
-3,300
-28% -$64.9K
J icon
1381
Jacobs Solutions
J
$16.8B
$176K 0.01%
4,715
-846
-15% -$29.7K
RGEN icon
1382
Repligen
RGEN
$9.45B
$176K 0.01%
5,800
-2,000
-26% -$51.9K
CIVI
1383
DELISTED
Civitas Resources
CIVI
$175K 0.01%
+64
New +$183K
LNN icon
1384
Lindsay Corp
LNN
$1.17B
$175K 0.01%
2,300
-1,000
-30% -$84K
RVTY icon
1385
Revvity
RVTY
$13.1B
$174K 0.01%
3,400
-500
-13% -$23.2K
OMG
1386
DELISTED
OM GROUP INC.
OMG
$174K 0.01%
5,800
-2,400
-29% -$69.8K
GAS
1387
DELISTED
AGL Resources Inc
GAS
$174K 0.01%
3,500
-600
-15% -$31.1K
AFFX
1388
DELISTED
Affymetrix Inc
AFFX
$173K 0.01%
13,800
-4,800
-26% -$55.7K
TEG
1389
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
$173K 0.01%
2,400
-400
-14% -$30.6K
ALLE icon
1390
Allegion
ALLE
$14.2B
$172K 0.01%
2,800
-300
-10% -$17.1K
GRMN
1391
Garmin
GRMN
$60.2B
$172K 0.01%
3,600
-600
-14% -$30.6K
ARCB icon
1392
ArcBest
ARCB
$3.28B
$171K 0.01%
4,500
-1,800
-29% -$72.8K
STC icon
1393
Stewart Information Services
STC
$2.07B
$171K 0.01%
4,200
-1,200
-22% -$44.9K
VRTS icon
1394
Virtus Investment Partners
VRTS
$1.14B
$170K 0.01%
1,300
-500
-28% -$70.6K
AVIV
1395
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
$170K 0.01%
4,600
-1,900
-29% -$70.4K
AMED
1396
DELISTED
Amedisys
AMED
$169K 0.01%
6,300
-2,100
-25% -$59.2K
UEIC icon
1397
Universal Electronics
UEIC
$66.6M
$169K 0.01%
3,000
-1,100
-27% -$66.8K
AMSF icon
1398
AMERISAFE
AMSF
$504M
$167K 0.01%
3,600
-1,200
-25% -$50.8K
EBIX
1399
DELISTED
Ebix Inc
EBIX
$167K 0.01%
5,500
-2,700
-33% -$67.8K
LM
1400
DELISTED
Legg Mason, Inc.
LM
$166K 0.01%
3,000
-500
-14% -$28.1K
54 55
56
57 58

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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
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
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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.