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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
(-12%)
Cap. Flow
-$203M
Cap. Flow
% of AUM
-15.65%
Top 10 Holdings %
Top 10 Hldgs %
7.4%
Holding
1,685
New
30
Increased
36
Reduced
1,443
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qorvo
QRVO
|
+$3.15M |
| 2 |
Enanta Pharmaceuticals
ENTA
|
+$1.34M |
| 3 |
BMS
Bemis
BMS
|
+$1.24M |
| 4 |
Kinder Morgan
KMI
|
+$1.12M |
| 5 |
Dana Inc
DAN
|
+$1.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Skyworks Solutions
SWKS
|
+$4.76M |
| 2 |
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 | |
|---|---|---|---|---|---|---|
1626
American Vanguard Corp
AVD
$64M
| $51K | ﹤0.01% |
4,800
-1,600
| -25% | -$17.9K |
|
|
ENTR
1627
DELISTED
ENTROPIC COMMUNICATIONS INC COM STK (DE)
ENTR
| $50K | ﹤0.01% |
17,000
-5,700
| -25% | -$16K |
|
1628
Artivion
AORT
$1.4B
| $49K | ﹤0.01% |
4,700
-1,800
| -28% | -$19.8K |
|
|
DSPG
1629
DELISTED
DSP Group Inc
DSPG
| $49K | ﹤0.01% |
4,100
-1,600
| -28% | -$17.9K |
|
1630
Digi International
DGII
$3.23B
| $47K | ﹤0.01% |
4,700
-1,800
| -28% | -$17.7K |
|
1631
Vicor
VICR
$10.4B
| $47K | ﹤0.01% |
3,100
-1,500
| -33% | -$19.4K |
|
|
BAS
1632
DELISTED
Basis Energy Services, Inc.
BAS
| $46K | ﹤0.01% |
12
-4
| -25% | -$15K |
|
1633
Liquidity Services
LQDT
$1.35B
| $45K | ﹤0.01% |
4,600
-1,500
| -25% | -$13.5K |
|
|
AREX
1634
DELISTED
Approach Resources Inc.
AREX
| $45K | ﹤0.01% |
6,800
-2,300
| -25% | -$15.8K |
|
|
CLMS
1635
DELISTED
Calamos Asset Management, Inc.
CLMS
| $43K | ﹤0.01% |
3,200
-1,700
| -35% | -$21.9K |
|
|
ZQK
1636
DELISTED
QUICKSILVER,INC.
ZQK
| $43K | ﹤0.01% |
23,200
-10,000
| -30% | -$20.4K |
|
1637
Geospace Technologies
GEOS
$67.9M
| $41K | ﹤0.01% |
2,500
-900
| -26% | -$18.7K |
|
1638
Kopin
KOPN
$933M
| $40K | ﹤0.01% |
11,400
-4,100
| -26% | -$15.8K |
|
|
ACI
1639
DELISTED
ARCH COAL, INC.
ACI
| $40K | ﹤0.01% |
4,000
-1,430
| -26% | -$16.6K |
|
1640
QuinStreet
QNST
$1.19B
| $39K | ﹤0.01% |
6,500
-900
| -12% | -$5.5K |
|
1641
Seneca Foods Class A
SENEA
$1.28B
| $39K | ﹤0.01% |
1,300
-500
| -28% | -$13.6K |
|
1642
Universal Technical Institute
UTI
$1.41B
| $39K | ﹤0.01% |
4,100
-1,300
| -24% | -$12.1K |
|
|
BELFB
1643
Bel Fuse Inc Class B
BELFB
$4.25B
| $38K | ﹤0.01% |
2,000
-600
| -23% | -$13.2K |
|
1644
Monarch Casino & Resort
MCRI
$2.22B
| $36K | ﹤0.01% |
1,900
-600
| -24% | -$10.7K |
|
|
VOXX
1645
DELISTED
VOXX International Corporation Class A
VOXX
| $35K | ﹤0.01% |
3,800
-1,300
| -25% | -$11K |
|
|
REXX
1646
DELISTED
Rex Energy Corporation
REXX
| $34K | ﹤0.01% |
920
-318
| -26% | -$13.1K |
|
1647
eHealth
EHTH
$39.7M
| $32K | ﹤0.01% |
3,400
-1,100
| -24% | -$13.1K |
|
|
ESIO
1648
DELISTED
Electro Scientific Industries
ESIO
| $31K | ﹤0.01% |
5,000
-1,500
| -23% | -$10.1K |
|
1649
Comstock Resources
CRK
$4.09B
| $30K | ﹤0.01% |
1,680
-600
| -26% | -$14.8K |
|
|
SZMK
1650
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $30K | ﹤0.01% |
4,200
-1,700
| -29% | -$11.9K |
|
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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.