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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
R icon
1426
Ryder
R
$10.1B
$152K 0.01%
1,600
-200
-11% -$18.4K
ASTE icon
1427
Astec Industries
ASTE
$989M
$150K 0.01%
3,500
-1,300
-27% -$51.4K
SCL icon
1428
Stepan Co
SCL
$1.48B
$150K 0.01%
3,600
-1,300
-27% -$51.8K
HNGR
1429
DELISTED
Hanger Inc.
HNGR
$150K 0.01%
6,600
-2,400
-27% -$56.3K
CVGW
1430
DELISTED
Calavo Growers
CVGW
$149K 0.01%
2,900
-600
-17% -$26.9K
VIVO
1431
DELISTED
Meridian Bioscience Inc
VIVO
$149K 0.01%
7,800
-2,800
-26% -$51.8K
MANT
1432
DELISTED
Mantech International Corp
MANT
$149K 0.01%
4,400
-1,700
-28% -$55.7K
AKS
1433
DELISTED
AK Steel Holding Corp
AKS
$149K 0.01%
33,300
-10,250
-24% -$44.6K
IPCM
1434
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
$149K 0.01%
3,200
-1,200
-27% -$52.3K
HCBK
1435
DELISTED
HUDSON CITY BANCORP INC
HCBK
$149K 0.01%
14,200
-2,300
-14% -$22.4K
AZTA icon
1436
Azenta
AZTA
$1.48B
$147K 0.01%
12,600
-4,500
-26% -$55.1K
FIX icon
1437
Comfort Systems
FIX
$61.7B
$147K 0.01%
7,000
-2,600
-27% -$46.3K
MTRN icon
1438
Materion
MTRN
$5.98B
$146K 0.01%
3,800
-1,500
-28% -$53.9K
ESV
1439
DELISTED
Ensco Rowan plc
ESV
$145K 0.01%
1,725
-300
-15% -$31.6K
IRDM icon
1440
Iridium Communications
IRDM
$5.31B
$144K 0.01%
+14,800
New +$138K
THC icon
1441
Tenet Healthcare
THC
$21.5B
$144K 0.01%
2,900
-500
-15% -$23.4K
NPKI
1442
NPK International
NPKI
$1.19B
$144K 0.01%
15,800
-5,900
-27% -$53.9K
AVY icon
1443
Avery Dennison
AVY
$13.5B
$143K 0.01%
2,700
-600
-18% -$31.7K
SAFT icon
1444
Safety Insurance
SAFT
$1.52B
$143K 0.01%
2,400
-900
-27% -$55.2K
NEWP
1445
DELISTED
NEWPORT CORP
NEWP
$143K 0.01%
7,500
-2,700
-26% -$52.2K
AN icon
1446
AutoNation
AN
$6.88B
$142K 0.01%
2,200
– –
FRAN
1447
DELISTED
Francesca's Holdings Corporation
FRAN
$142K 0.01%
667
-233
-26% -$44.3K
EGHT icon
1448
8x8 Inc
EGHT
$289M
$141K 0.01%
16,800
-4,300
-20% -$34.6K
SKYW icon
1449
Skywest
SKYW
$4.2B
$141K 0.01%
9,600
-3,400
-26% -$47.3K
DNB
1450
DELISTED
Dun & Bradstreet
DNB
$141K 0.01%
1,100
-200
-15% -$25.1K
56 57
58
59 60

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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
HI
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PEA
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SUT
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MU
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WPL
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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.