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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
MOV icon
1401
Movado Group
MOV
$796M
$200K 0.02%
+4,400
New +$179K
AMSF icon
1402
AMERISAFE
AMSF
$504M
$198K 0.02%
+4,500
New +$189K
ASTE icon
1403
Astec Industries
ASTE
$975M
$198K 0.02%
+4,500
New +$178K
FOSL icon
1404
Fossil Group
FOSL
$330M
$198K 0.02%
1,700
-100
-6% -$11.7K
ABAX
1405
DELISTED
Abaxis Inc
ABAX
$198K 0.02%
+5,100
New +$202K
RHI icon
1406
Robert Half
RHI
$4.48B
$197K 0.02%
4,700
– –
AVTA
1407
DELISTED
Avantax, Inc. Common Stock
AVTA
$197K 0.02%
+10,000
New +$231K
BJRI icon
1408
BJ's Restaurants
BJRI
$1.42B
$196K 0.02%
+6,000
New +$181K
UTEK
1409
DELISTED
Ultratech Inc.
UTEK
$196K 0.02%
+6,700
New +$179K
NEWP
1410
DELISTED
NEWPORT CORP
NEWP
$196K 0.02%
+9,500
New +$185K
GAS
1411
DELISTED
AGL Resources Inc
GAS
$196K 0.02%
4,000
+100
+3% +$4.71K
WRLD icon
1412
World Acceptance Corp
WRLD
$875M
$195K 0.02%
+2,600
New +$235K
ZION icon
1413
Zions Bancorporation
ZION
$10.5B
$195K 0.02%
6,300
+300
+5% +$9.11K
BANR icon
1414
Banner Corp
BANR
$2.5B
$194K 0.02%
+4,700
New +$190K
MANT
1415
DELISTED
Mantech International Corp
MANT
$194K 0.02%
6,600
+100
+2% +$2.94K
FTR
1416
DELISTED
Frontier Communications Corp.
FTR
$194K 0.02%
2,273
+53
+2% +$3.88K
AVAV icon
1417
AeroVironment
AVAV
$9.59B
$193K 0.02%
+4,800
New +$156K
BMI icon
1418
Badger Meter
BMI
$3.78B
$193K 0.02%
+7,000
New +$185K
ICUI icon
1419
ICU Medical
ICUI
$4.58B
$192K 0.01%
+3,200
New +$197K
FDO
1420
DELISTED
FAMILY DOLLAR STORES
FDO
$191K 0.01%
3,300
+100
+3% +$6.31K
AAON icon
1421
Aaon
AAON
$7.23B
$190K 0.01%
+15,300
New +$203K
KRG icon
1422
Kite Realty
KRG
$5.31B
$190K 0.01%
+7,900
New +$197K
MWW
1423
DELISTED
Monster Worldwide Inc
MWW
$190K 0.01%
+25,400
New +$184K
OI icon
1424
O-I Glass
OI
$1.05B
$189K 0.01%
5,600
+200
+4% +$6.65K
SYKE
1425
DELISTED
SYKES Enterprises Inc
SYKE
$189K 0.01%
+9,500
New +$194K
55 56
57
58 59

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VAS
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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 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.