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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
ASEI
1601
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
$68K 0.01%
1,400
-600
-30% -$30.3K
CLD
1602
DELISTED
Cloud Peak Energy Inc
CLD
$67K 0.01%
11,500
-4,100
-26% -$30.2K
VRTV
1603
DELISTED
VERITIV CORPORATION
VRTV
$66K 0.01%
1,500
-600
-29% -$29.9K
SPPI
1604
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$66K 0.01%
10,900
-3,200
-23% -$21.3K
MCF
1605
DELISTED
Contango Oil & Gas Co.
MCF
$66K 0.01%
3,000
-1,000
-25% -$25.7K
CCRN
1606
DELISTED
Cross Country Healthcare
CCRN
$65K 0.01%
5,500
-1,400
-20% -$16K
PES
1607
DELISTED
Pioneer Energy Services Corp.
PES
$65K 0.01%
12,000
-4,000
-25% -$19.9K
GLF
1608
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
$65K 0.01%
5,000
-1,300
-21% -$23.3K
LDR
1609
DELISTED
Landauer Inc
LDR
$64K ﹤0.01%
1,800
-600
-25% -$20.2K
MED icon
1610
Medifast
MED
$130M
$63K ﹤0.01%
2,100
-1,000
-32% -$31.7K
PETS icon
1611
PetMed Express
PETS
$43M
$63K ﹤0.01%
3,800
-1,400
-27% -$21.7K
KMI.WS
1612
DELISTED
Kinder Morgan Inc
KMI.WS
$63K ﹤0.01%
15,360
– –
DHX icon
1613
DHI Group
DHX
$166M
$62K ﹤0.01%
7,000
-2,400
-26% -$21.8K
BBOX
1614
DELISTED
Black Box Corp
BBOX
$61K ﹤0.01%
2,900
-1,100
-28% -$24K
AIG.WS
1615
DELISTED
American International Group, Inc.
AIG.WS
$59K ﹤0.01%
2,723
– –
CRVL icon
1616
CorVel
CRVL
$3.17B
$58K ﹤0.01%
5,100
-3,600
-41% -$42K
NPK icon
1617
National Presto Industries
NPK
$998M
$57K ﹤0.01%
900
-400
-31% -$24.7K
POWL icon
1618
Powell Industries
POWL
$7.58B
$57K ﹤0.01%
5,100
-2,100
-29% -$25.7K
PRDO icon
1619
Perdoceo Education
PRDO
$1.96B
$57K ﹤0.01%
11,300
-3,500
-24% -$20.2K
CBR
1620
DELISTED
CIBER Inc.
CBR
$55K ﹤0.01%
13,300
-4,400
-25% -$16.4K
DO
1621
DELISTED
Diamond Offshore Drilling
DO
$54K ﹤0.01%
2,000
-400
-17% -$12.5K
COHU icon
1622
Cohu
COHU
$2.66B
$53K ﹤0.01%
4,800
-1,200
-20% -$13.6K
PERY
1623
DELISTED
Perry Ellis International Inc
PERY
$53K ﹤0.01%
2,300
-900
-28% -$21.5K
ARO
1624
DELISTED
Aeropostale Inc
ARO
$52K ﹤0.01%
14,900
-5,200
-26% -$16.6K
IO
1625
DELISTED
ION Geophysical Corporation
IO
$52K ﹤0.01%
1,607
-573
-26% -$20.6K
63 64
65
66 67

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VAS
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SFM
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AI
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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.