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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
IPCC
1426
DELISTED
Infinity Property & Casualty C
IPCC
$189K 0.01%
+2,800
New +$202K
ADT
1427
DELISTED
ADT Corp
ADT
$189K 0.01%
6,300
-1,400
-18% -$46.2K
EGL
1428
DELISTED
Engility Holdings, Inc.
EGL
$189K 0.01%
+4,200
New +$173K
SSI
1429
DELISTED
Stage Stores Inc
SSI
$188K 0.01%
+7,700
New +$163K
BKS
1430
DELISTED
Barnes & Noble
BKS
$188K 0.01%
+13,734
New +$157K
SAH icon
1431
Sonic Automotive
SAH
$2.51B
$187K 0.01%
+8,300
New +$191K
NX icon
1432
Quanex
NX
$981M
$186K 0.01%
+9,000
New +$177K
CALY
1433
Callaway Golf Company
CALY
$2.95B
$185K 0.01%
+18,100
New +$158K
FRAN
1434
DELISTED
Francesca's Holdings Corporation
FRAN
$185K 0.01%
+850
New +$198K
LNW
1435
DELISTED
Light & Wonder
LNW
$184K 0.01%
13,400
+100
+0.8% +$1.46K
WIBC
1436
DELISTED
WILSHIRE BANCORP INC
WIBC
$182K 0.01%
+16,400
New +$172K
UCB
1437
United Community Banks
UCB
$4.43B
$181K 0.01%
+9,300
New +$165K
QEP
1438
DELISTED
QEP RESOURCES, INC.
QEP
$180K 0.01%
6,100
+100
+2% +$3K
HAFC icon
1439
Hanmi Financial
HAFC
$963M
$179K 0.01%
+7,700
New +$174K
PBI icon
1440
Pitney Bowes
PBI
$2.28B
$179K 0.01%
6,900
+200
+3% +$4.93K
PIPR icon
1441
Piper Sandler
PIPR
$5.54B
$179K 0.01%
+15,600
New +$159K
SMP icon
1442
Standard Motor Products
SMP
$870M
$179K 0.01%
+5,000
New +$171K
NXGN
1443
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$179K 0.01%
+10,600
New +$192K
AREX
1444
DELISTED
Approach Resources Inc.
AREX
$178K 0.01%
+8,500
New +$174K
ITG
1445
DELISTED
Investment Technology Group Inc
ITG
$178K 0.01%
+8,800
New +$159K
AZTA icon
1446
Azenta
AZTA
$1.49B
$177K 0.01%
+16,200
New +$170K
EBS icon
1447
Emergent Biosolutions
EBS
$230M
$177K 0.01%
+7,000
New +$177K
LM
1448
DELISTED
Legg Mason, Inc.
LM
$177K 0.01%
3,600
-200
-5% -$8.91K
MCF
1449
DELISTED
Contango Oil & Gas Co.
MCF
$177K 0.01%
+3,700
New +$170K
CATO icon
1450
Cato Corp
CATO
$66.7M
$176K 0.01%
+6,500
New +$185K
56 57
58
59 60

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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.