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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
-6.3%
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
-$104M
Cap. Flow
+$7.53M
Cap. Flow %
0.59%
Top 10 Hldgs %
7.93%
Holding
1,777
New
120
Increased
1,076
Reduced
411
Closed
103

Top Buys

Rank Stock Value
1
KHC icon
Kraft Heinz
KHC
+$2.31M
2
AFFX
Affymetrix Inc
AFFX
+$2.27M
3
TVTY
Tivity Health, Inc. Common Stock
TVTY
+$2.08M
4
LHCG
LHC Group LLC
LHCG
+$1.93M
5
STC icon
Stewart Information Services
STC
+$1.72M

Top Sells

Rank Stock Value
1
AAP icon
Advance Auto Parts
AAP
+$3.63M
2
OCR
OMNICARE INC
OCR
+$2.88M
3
SIG icon
Signet Jewelers
SIG
+$2.81M
4
AFAM
Almost Family Inc
AFAM
+$2.74M
5
RKT
ROCK-TENN COMPANY CL-A
RKT
+$2.65M

Sector Composition

Rank Sector Weight
1 Financials 15.82%
2 Industrials 13.91%
3 Technology 13.22%
4 Healthcare 12.09%
5 Consumer Discretionary 10.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APT icon
1676
Alpha Pro Tech
APT
$54.8M
– –
-94,400
Closed -$211K
BBT
1677
Beacon Financial Corp
BBT
$2.69B
– –
-28,800
Closed -$820K
BOOM icon
1678
DMC Global
BOOM
$155M
– –
-15,400
Closed -$169K
CHEF icon
1679
Chefs' Warehouse
CHEF
$4.53B
– –
-40,100
Closed -$852K
CMCO icon
1680
Columbus McKinnon
CMCO
$557M
– –
-10,900
Closed -$273K
CRK icon
1681
Comstock Resources
CRK
$4.09B
– –
-1,688
Closed -$28K
CSV icon
1682
Carriage Services
CSV
$535M
– –
-12,900
Closed -$308K
CTBI icon
1683
Community Trust Bancorp
CTBI
$1.42B
– –
-11,500
Closed -$401K
CUBI icon
1684
Customers Bancorp
CUBI
$2.8B
– –
-22,600
Closed -$608K
DENN
1685
DELISTED
Denny's
DENN
– –
-43,700
Closed -$507K
DX
1686
Dynex Capital
DX
$3.22B
– –
-16,633
Closed -$380K
EBF icon
1687
Ennis
EBF
$556M
– –
-21,200
Closed -$394K
EGY icon
1688
Vaalco Energy
EGY
$602M
– –
-45,400
Closed -$97K
EVRI
1689
DELISTED
Everi Holdings
EVRI
– –
-69,200
Closed -$536K
FARM
1690
DELISTED
Farmer Brothers
FARM
– –
-19,100
Closed -$449K
FRME icon
1691
First Merchants
FRME
$2.72B
– –
-33,600
Closed -$830K
LKFN icon
1692
Lakeland Financial Corp
LKFN
$1.55B
– –
-15,300
Closed -$442K
MITT
1693
TPG Mortgage Investment Trust
MITT
$213M
– –
-7,233
Closed -$375K
MPAA icon
1694
Motorcar Parts of America
MPAA
$230M
– –
-10,500
Closed -$316K
NEWT icon
1695
NewtekOne
NEWT
$370M
– –
-19,100
Closed -$338K
NVEE
1696
DELISTED
NV5 Global
NVEE
– –
-76,800
Closed -$466K
QLYS icon
1697
Qualys
QLYS
$6.47B
– –
-7,100
Closed -$286K
RC
1698
Ready Capital
RC
$289M
– –
-24,200
Closed -$391K
REI icon
1699
Ring Energy
REI
$354M
– –
-29,000
Closed -$325K
RLGT icon
1700
Radiant Logistics
RLGT
$400M
– –
-66,300
Closed -$485K
66 67
68
69 70

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VAS
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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
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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
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Municipal Employees' Retirement System of Michigan's Q3 2015 Portfolio in Review

As of Q3 2015, Municipal Employees' Retirement System of Michigan held 1,777 positions worth $1.29B, down 7.5% from $1.39B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q3 2015 filing shows 120 new, 1,076 increased, 411 reduced and 103 closed positions. Its largest new stake was Kraft Heinz: 30,630 shares worth $2.16M. The largest sale was Advance Auto Parts, an estimated $3.63M.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Industrials and Technology.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2015 buy was Kraft Heinz: 30,630 shares worth $2.16M.
  • Municipal Employees' Retirement System of Michigan added most to Affymetrix Inc in Q3 2015, an estimated $2.27M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2015 reduction was Advance Auto Parts, cutting an estimated $3.63M.
  • Municipal Employees' Retirement System of Michigan fully exited OMNICARE INC in Q3 2015, selling an estimated $2.88M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q3 2015.
  • Municipal Employees' Retirement System of Michigan opened 120 new positions and closed 103 in Q3 2015.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2015, filed 5 Nov 2015.