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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
UPS icon
126
United Parcel Service
UPS
$88.4B
$2M 0.15%
20,600
-3,800
-16% -$390K
TRMB icon
127
Trimble
TRMB
$13.1B
$1.98M 0.15%
78,400
-6,000
-7% -$154K
SBNY
128
DELISTED
Signature Bank
SBNY
$1.97M 0.15%
15,200
-1,130
-7% -$140K
HAIN icon
129
Hain Celestial
HAIN
$52.9M
$1.96M 0.15%
30,600
-2,100
-6% -$124K
SIVB
130
DELISTED
SVB Financial Group
SIVB
$1.96M 0.15%
15,400
-1,070
-6% -$128K
COST icon
131
Costco
COST
$421B
$1.95M 0.15%
12,900
-2,300
-15% -$337K
KRC icon
132
Kilroy Realty
KRC
$4.22B
$1.94M 0.15%
25,400
-1,600
-6% -$119K
VAL
133
DELISTED
Valspar
VAL
$1.94M 0.15%
23,100
-1,650
-7% -$142K
RPM icon
134
RPM International
RPM
$14.7B
$1.94M 0.15%
40,400
-2,980
-7% -$144K
RGA icon
135
Reinsurance Group of America
RGA
$16.1B
$1.94M 0.15%
20,800
-1,460
-7% -$129K
TOL icon
136
Toll Brothers
TOL
$13.9B
$1.93M 0.15%
49,000
-3,590
-7% -$131K
EBAY icon
137
eBay
EBAY
$45.5B
$1.93M 0.15%
79,358
-14,494
-15% -$346K
REG icon
138
Regency Centers
REG
$13.9B
$1.92M 0.15%
28,200
-1,780
-6% -$120K
DD
139
DELISTED
Du Pont De Nemours E I
DD
$1.92M 0.15%
28,220
-5,265
-16% -$376K
OGE icon
140
OGE Energy
OGE
$9.69B
$1.91M 0.15%
60,300
-4,390
-7% -$147K
KEYS icon
141
Keysight
KEYS
$60.6B
$1.88M 0.15%
50,700
-9,030
-15% -$325K
ESRX
142
DELISTED
Express Scripts Holding Company
ESRX
$1.88M 0.15%
21,700
-5,000
-19% -$419K
FDS icon
143
Factset
FDS
$9.89B
$1.88M 0.15%
11,800
-900
-7% -$135K
GPN icon
144
Global Payments
GPN
$23.4B
$1.88M 0.15%
41,000
-3,260
-7% -$145K
TFCFA
145
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$1.87M 0.14%
54,900
-11,400
-17% -$396K
DRC
146
DELISTED
DRESSER-RAND GROUP INC
DRC
$1.86M 0.14%
23,200
-1,670
-7% -$135K
RAX
147
DELISTED
Rackspace Hosting Inc
RAX
$1.86M 0.14%
36,100
-2,440
-6% -$120K
AVT icon
148
Avnet
AVT
$7.98B
$1.85M 0.14%
41,500
-3,390
-8% -$150K
CYH icon
149
Community Health Systems
CYH
$410M
$1.84M 0.14%
42,592
-2,686
-6% -$111K
F icon
150
Ford
F
$55.1B
$1.84M 0.14%
113,800
-23,100
-17% -$365K
4 5
6
7 8

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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
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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.