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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
BFS
1501
Saul Centers
BFS
$856M
$120K 0.01%
2,100
-770
-27% -$43.5K
SBSI icon
1502
Southside Bancshares
SBSI
$982M
$120K 0.01%
+4,746
New +$120K
CVC
1503
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$120K 0.01%
6,500
-1,000
-13% -$19.2K
UBA
1504
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$120K 0.01%
5,200
-1,300
-20% -$29.9K
CFNL
1505
DELISTED
Cardinal Financial Corp
CFNL
$120K 0.01%
6,000
-2,200
-27% -$42.1K
CPF icon
1506
Central Pacific Financial
CPF
$1B
$119K 0.01%
+5,200
New +$116K
RYAM icon
1507
Rayonier Advanced Materials
RYAM
$578M
$119K 0.01%
8,000
-5,830
-42% -$106K
TMP icon
1508
Tompkins Financial
TMP
$1.45B
$118K 0.01%
2,200
-800
-27% -$42.1K
NCI
1509
DELISTED
Navigant Consulting, Inc.
NCI
$118K 0.01%
9,100
-3,500
-28% -$49.6K
MODV
1510
DELISTED
ModivCare
MODV
$117K 0.01%
2,200
-700
-24% -$29.9K
NBR icon
1511
Nabors Industries
NBR
$1.34B
$116K 0.01%
170
-12
-7% -$7.32K
HOS
1512
DELISTED
Hornbeck Offshore Services, Inc.
HOS
$115K 0.01%
6,100
-2,200
-27% -$45.8K
OI icon
1513
O-I Glass
OI
$1.06B
$114K 0.01%
4,900
-800
-14% -$19.6K
LMNX
1514
DELISTED
Luminex Corp
LMNX
$114K 0.01%
7,100
-2,600
-27% -$43.6K
JOY
1515
DELISTED
Joy Global Inc
JOY
$114K 0.01%
2,900
-600
-17% -$25.4K
CRR
1516
DELISTED
Carbo Ceramics Inc.
CRR
$113K 0.01%
3,700
-2,670
-42% -$93.6K
STRA icon
1517
Strategic Education
STRA
$1.83B
$112K 0.01%
2,100
-700
-25% -$45K
ACET
1518
DELISTED
Aceto Corp
ACET
$112K 0.01%
5,100
-1,800
-26% -$37.7K
EGY icon
1519
Vaalco Energy
EGY
$595M
$111K 0.01%
45,400
– –
FRED
1520
DELISTED
Fred's Inc
FRED
$111K 0.01%
6,500
-2,200
-25% -$39.4K
ADC icon
1521
Agree Realty
ADC
$9.32B
$110K 0.01%
3,300
-500
-13% -$16.6K
CAMP
1522
DELISTED
CalAmp Corp.
CAMP
$110K 0.01%
296
-78
-21% -$32.2K
TBRG
1523
DELISTED
TruBridge
TBRG
$109K 0.01%
2,000
-700
-26% -$38.3K
DTSI
1524
DELISTED
DTS, Inc.
DTSI
$109K 0.01%
3,200
-1,100
-26% -$33.7K
GDOT icon
1525
Green Dot
GDOT
$769M
$108K 0.01%
6,800
-1,100
-14% -$18.8K
59 60
61
62 63

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.