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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
AGYS icon
1651
Agilysys
AGYS
$3.03B
$28K ﹤0.01%
2,800
-800
-22% -$8.31K
PQUE
1652
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
$25K ﹤0.01%
11,000
-3,800
-26% -$8.64K
PGN
1653
DELISTED
PARAGON OFFSHORE PLC (GBR)
PGN
$21K ﹤0.01%
16,000
-5,700
-26% -$12K
SFY
1654
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
$18K ﹤0.01%
8,300
-2,900
-26% -$7.52K
GLBR
1655
DELISTED
Global Brokerage, Inc. Class A Common Stock
GLBR
$17K ﹤0.01%
800
-170
-18% -$7.7K
CAS
1656
DELISTED
A M Castle & Co
CAS
$12K ﹤0.01%
3,300
-1,100
-25% -$5.64K
NEP
1657
DELISTED
CHINA NORTH EAST PETROLEUM HLDGS LTD
NEP
$5K ﹤0.01%
30,200
– –
LLEN
1658
DELISTED
L & L ENERGY INC COM STK (NV)
LLEN
$2K ﹤0.01%
48,200
– –
CVEO icon
1659
Civeo
CVEO
$345M
– –
-2,887
Closed -$142K
FLWS icon
1660
1-800-Flowers.com
FLWS
$262M
– –
-75,000
Closed -$618K
ISSC icon
1661
Innovative Solutions & Support
ISSC
$360M
– –
-95,100
Closed -$302K
GPX
1662
DELISTED
GP Strategies Corp.
GPX
– –
-9,500
Closed -$322K
NTLS
1663
DELISTED
NTELOS HLDGS CORP COM
NTLS
– –
-3,900
Closed -$16K
JRN
1664
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
– –
-40,400
Closed -$462K
CFN
1665
DELISTED
CAREFUSION CORPORATION
CFN
– –
-7,200
Closed -$427K
PTRY
1666
DELISTED
PANTRY INC (THE)
PTRY
– –
-56,500
Closed -$2.09M
PETM
1667
DELISTED
PETSMART INC
PETM
– –
-3,400
Closed -$276K
MWIV
1668
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
– –
-3,300
Closed -$561K
CVD
1669
DELISTED
COVANCE INC.
CVD
– –
-18,350
Closed -$1.91M
DRIV
1670
DELISTED
DIGITAL RIVER INC.
DRIV
– –
-29,500
Closed -$730K
IBCA
1671
DELISTED
INTERVEST BANCSHARES CORP COM
IBCA
– –
-42,600
Closed -$428K
ESBF
1672
DELISTED
E S B FINL CORP
ESBF
– –
-22,600
Closed -$430K
ORB
1673
DELISTED
ORBITAL SCIENCES CORP
ORB
– –
-15,500
Closed -$417K
GTIV
1674
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
– –
-7,400
Closed -$141K
PL
1675
DELISTED
PROTECTIVE LIFE CORP
PL
– –
-25,600
Closed -$1.78M
64 65 66
67
68

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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.