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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
KN icon
1601
Knowles
KN
$3.23B
$92K 0.01%
+2,900
New +$90K
HCI icon
1602
HCI Group
HCI
$2.32B
$91K 0.01%
+2,500
New +$110K
HZO icon
1603
MarineMax
HZO
$1.15B
$91K 0.01%
+6,000
New +$91K
RTEC
1604
DELISTED
Rudolph Technologies Inc
RTEC
$91K 0.01%
+8,000
New +$91.1K
SMA
1605
DELISTED
SYMMETRY MEDICAL INC
SMA
$91K 0.01%
+9,000
New +$89.7K
MED icon
1606
Medifast
MED
$128M
$90K 0.01%
+3,100
New +$83K
ENTR
1607
DELISTED
ENTROPIC COMMUNICATIONS INC COM STK (DE)
ENTR
$90K 0.01%
+22,100
New +$95.7K
TAYC
1608
DELISTED
TAYLOR CAPITAL GROUP INC
TAYC
$89K 0.01%
+3,700
New +$87.4K
DTSI
1609
DELISTED
DTS, Inc.
DTSI
$87K 0.01%
+4,400
New +$92.8K
HWKN icon
1610
Hawkins
HWKN
$2.67B
$85K 0.01%
+4,600
New +$82.1K
CENTA icon
1611
Central Garden & Pet Co Class A
CENTA
$2.41B
$84K 0.01%
+12,625
New +$71.5K
ORN icon
1612
Orion Group Holdings
ORN
$392M
$83K 0.01%
+6,600
New +$75.3K
SUPX
1613
DELISTED
SUPERTEX INC
SUPX
$82K 0.01%
+2,500
New +$74.8K
LLEN
1614
DELISTED
L & L ENERGY INC COM STK (NV)
LLEN
$81K 0.01%
+48,200
New +$81K
RT
1615
DELISTED
Ruby Tuesday Georgia
RT
$79K 0.01%
+14,000
New +$80.5K
PQUE
1616
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
$78K 0.01%
+13,700
New +$78K
SRDX
1617
DELISTED
Surmodics
SRDX
$75K 0.01%
+3,300
New +$80.6K
CBR
1618
DELISTED
CIBER Inc.
CBR
$75K 0.01%
+16,300
New +$70.7K
MCS icon
1619
Marcus Corp
MCS
$929M
$73K 0.01%
+4,400
New +$61.7K
GHC icon
1620
Graham Holdings Company
GHC
$4.97B
$70K 0.01%
166
– –
DHX icon
1621
DHI Group
DHX
$174M
$69K 0.01%
+9,300
New +$66.9K
BKMU
1622
DELISTED
Bank Mutual Corp
BKMU
$67K 0.01%
+10,500
New +$70.2K
GIFI
1623
DELISTED
Gulf Island Fabrication
GIFI
$65K 0.01%
+3,000
New +$64K
MIG
1624
DELISTED
MEADOWBROOK INSURANCE GRP INC
MIG
$65K 0.01%
+11,200
New +$67.3K
DGII icon
1625
Digi International
DGII
$3.23B
$63K ﹤0.01%
+6,200
New +$65.4K
63 64
65
66 67

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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.