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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
TRN icon
176
Trinity Industries
TRN
$2.3B
$1.67M 0.13%
65,422
-4,973
-7% -$109K
DPZ icon
177
Domino's
DPZ
$11.7B
$1.67M 0.13%
16,600
-1,290
-7% -$130K
HCC
178
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$1.67M 0.13%
29,300
-3,200
-10% -$177K
NNN icon
179
NNN REIT
NNN
$8.79B
$1.64M 0.13%
40,000
-620
-2% -$25.7K
SCI icon
180
Service Corp International
SCI
$11.5B
$1.64M 0.13%
62,900
-5,720
-8% -$139K
CDNS icon
181
Cadence Design Systems
CDNS
$89B
$1.63M 0.13%
88,600
-5,610
-6% -$102K
OII icon
182
Oceaneering
OII
$5.08B
$1.63M 0.13%
30,200
-4,870
-14% -$260K
LPT
183
DELISTED
Liberty Property Trust
LPT
$1.63M 0.13%
45,000
-3,080
-6% -$117K
GNTX icon
184
Gentex
GNTX
$4.93B
$1.62M 0.13%
88,600
-6,380
-7% -$113K
MON
185
DELISTED
Monsanto Co
MON
$1.62M 0.12%
14,300
-3,800
-21% -$452K
ADUS icon
186
Addus HomeCare
ADUS
$2.2B
$1.61M 0.12%
70,000
+8,400
+14% +$187K
MS icon
187
Morgan Stanley
MS
$342B
$1.61M 0.12%
45,100
-8,310
-16% -$298K
DUK icon
188
Duke Energy
DUK
$96.3B
$1.6M 0.12%
20,900
-3,600
-15% -$292K
LMT icon
189
Lockheed Martin
LMT
$140B
$1.6M 0.12%
7,900
-1,300
-14% -$257K
NVR icon
190
NVR
NVR
$16.8B
$1.59M 0.12%
1,200
-90
-7% -$118K
ODFL icon
191
Old Dominion Freight Line
ODFL
$44.1B
$1.59M 0.12%
61,800
-4,500
-7% -$114K
TMO icon
192
Thermo Fisher Scientific
TMO
$223B
$1.59M 0.12%
11,800
-2,000
-14% -$258K
DD icon
193
DuPont de Nemours
DD
$19.5B
$1.58M 0.12%
12,913
-3,554
-22% -$422K
MCK icon
194
McKesson
MCK
$102B
$1.56M 0.12%
6,900
-1,100
-14% -$244K
WRB icon
195
W.R. Berkley
WRB
$25.9B
$1.56M 0.12%
103,950
-7,931
-7% -$118K
DHC
196
Diversified Healthcare Trust
DHC
$2.02B
$1.55M 0.12%
70,529
+3,794
+6% +$84.8K
WR
197
DELISTED
Westar Energy Inc
WR
$1.55M 0.12%
39,600
-2,510
-6% -$101K
NFG icon
198
National Fuel Gas
NFG
$7.77B
$1.55M 0.12%
25,500
-1,810
-7% -$116K
EMC
199
DELISTED
EMC CORPORATION
EMC
$1.55M 0.12%
60,200
-10,700
-15% -$295K
LECO icon
200
Lincoln Electric
LECO
$15.6B
$1.54M 0.12%
23,500
-2,300
-9% -$156K
6 7
8
9 10

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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.