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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
SUNE
151
DELISTED
SUNEDISON, INC COM
SUNE
$1.83M 0.14%
76,300
-4,890
-6% -$105K
IEX icon
152
IDEX
IEX
$17.7B
$1.82M 0.14%
24,000
-1,990
-8% -$150K
WCN
153
Waste Connections
WCN
$41.6B
$1.81M 0.14%
56,400
-4,080
-7% -$125K
HUB.B
154
DELISTED
HUBBELL INC CL-B
HUB.B
$1.81M 0.14%
16,500
-1,150
-7% -$126K
ALB icon
155
Albemarle
ALB
$15.1B
$1.81M 0.14%
34,000
+8,600
+34% +$470K
SPG icon
156
Simon Property Group
SPG
$71.4B
$1.8M 0.14%
9,200
-1,600
-15% -$310K
ARW icon
157
Arrow Electronics
ARW
$10.7B
$1.8M 0.14%
29,400
-2,690
-8% -$160K
CSL icon
158
Carlisle Companies
CSL
$15.2B
$1.8M 0.14%
19,400
-1,420
-7% -$131K
MDLZ icon
159
Mondelez International
MDLZ
$79.4B
$1.78M 0.14%
49,700
-8,800
-15% -$318K
TXN icon
160
Texas Instruments
TXN
$253B
$1.78M 0.14%
31,200
-6,100
-16% -$343K
MAA icon
161
Mid-America Apartment Communities
MAA
$15.4B
$1.76M 0.14%
22,800
-1,610
-7% -$124K
CL icon
162
Colgate-Palmolive
CL
$73.6B
$1.76M 0.14%
25,400
-4,700
-16% -$325K
EWBC icon
163
East-West Bancorp
EWBC
$18.5B
$1.76M 0.14%
43,500
-3,070
-7% -$120K
BKNG icon
164
Booking.com
BKNG
$159B
$1.75M 0.13%
37,500
-7,500
-17% -$336K
SEIC icon
165
SEI Investments
SEIC
$12.7B
$1.74M 0.13%
39,500
-3,020
-7% -$127K
ACN icon
166
Accenture
ACN
$110B
$1.73M 0.13%
18,500
-3,400
-16% -$304K
HPQ icon
167
HP
HPQ
$26.8B
$1.73M 0.13%
121,550
-21,140
-15% -$349K
JKHY icon
168
Jack Henry & Associates
JKHY
$10.8B
$1.73M 0.13%
24,700
-2,080
-8% -$136K
UGI icon
169
UGI
UGI
$7.53B
$1.71M 0.13%
52,200
-3,800
-7% -$133K
OHI icon
170
Omega Healthcare
OHI
$13.9B
$1.7M 0.13%
41,500
+180
+0.4% +$7.45K
INGR icon
171
Ingredion
INGR
$6.54B
$1.7M 0.13%
21,700
-2,510
-10% -$205K
MET icon
172
MetLife
MET
$61.4B
$1.7M 0.13%
37,699
-6,059
-14% -$272K
DKS icon
173
Dick's Sporting Goods
DKS
$18.1B
$1.69M 0.13%
29,700
-2,590
-8% -$142K
OXY icon
174
Occidental Petroleum
OXY
$58.5B
$1.69M 0.13%
22,939
-4,307
-16% -$333K
ATO icon
175
Atmos Energy
ATO
$28.7B
$1.68M 0.13%
30,400
-2,190
-7% -$121K
5 6
7
8 9

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SFM
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AI
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HI
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PEA
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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.