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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
+2.91%
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
+$303M
Cap. Flow
+$280M
Cap. Flow %
21.78%
Top 10 Hldgs %
7.95%
Holding
1,672
New
768
Increased
659
Reduced
141
Closed
5

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$3.55M
2
STC icon
Stewart Information Services
STC
+$2.48M
3
PMC
PharMerica Corporation
PMC
+$2.33M
4
PTRY
PANTRY INC (THE)
PTRY
+$1.92M
5
SPTN
SpartanNash
SPTN
+$1.67M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$3.15M
2
TSCO icon
Tractor Supply
TSCO
+$2.37M
3
MHK icon
Mohawk Industries
MHK
+$2.09M
4
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$934K
5
LPS
LENDER PROCESSING SERVICES INC
LPS
+$875K

Sector Composition

Rank Sector Weight
1 Financials 14.34%
2 Industrials 13.9%
3 Technology 13.06%
4 Healthcare 10.79%
5 Consumer Discretionary 10.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.44T
$16.5M 1.28%
859,600
-16,800
-2% -$320K
XOM icon
2
ExxonMobil
XOM
$653B
$14.6M 1.13%
149,000
– –
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.2T
$10.7M 0.83%
385,439
+28,105
+8% +$818K
MSFT icon
4
Microsoft
MSFT
$3.69T
$10.6M 0.83%
259,100
+8,000
+3% +$300K
JNJ icon
5
Johnson & Johnson
JNJ
$630B
$9.45M 0.74%
96,200
+3,200
+3% +$297K
GE icon
6
GE Aerospace
GE
$375B
$8.94M 0.7%
72,009
-292
-0.4% -$36.1K
WFC icon
7
Wells Fargo
WFC
$267B
$8.13M 0.63%
163,500
+200
+0.1% +$9.32K
CVX icon
8
Chevron
CVX
$387B
$7.8M 0.61%
65,600
+900
+1% +$105K
JPM icon
9
JPMorgan Chase
JPM
$966B
$7.78M 0.61%
128,200
+700
+0.5% +$40.5K
BRK.B icon
10
Berkshire Hathaway Class B
BRK.B
$1.08T
$7.67M 0.6%
61,400
+600
+1% +$70.1K
PG icon
11
Procter & Gamble
PG
$336B
$7.47M 0.58%
92,700
+1,700
+2% +$134K
PFE icon
12
Pfizer
PFE
$152B
$7.1M 0.55%
232,934
-3,162
-1% -$94.3K
IBM icon
13
IBM
IBM
$224B
$6.7M 0.52%
36,401
-104
-0.3% -$18.3K
T icon
14
AT&T
T
$168B
$6.3M 0.49%
237,923
-4,369
-2% -$110K
BAC icon
15
Bank of America
BAC
$448B
$6.26M 0.49%
363,800
+3,200
+0.9% +$53.8K
MRK icon
16
Merck
MRK
$333B
$5.66M 0.44%
104,486
-1,048
-1% -$54.3K
KO icon
17
Coca-Cola
KO
$376B
$5.01M 0.39%
129,500
+1,800
+1% +$69.5K
C icon
18
Citigroup
C
$233B
$4.92M 0.38%
103,400
+2,100
+2% +$105K
ORCL icon
19
Oracle
ORCL
$449B
$4.9M 0.38%
119,700
-3,400
-3% -$129K
VZ icon
20
Verizon
VZ
$200B
$4.64M 0.36%
97,600
+2,400
+3% +$113K
QCOM icon
21
Qualcomm
QCOM
$173B
$4.54M 0.35%
57,600
+300
+0.5% +$22.6K
PM icon
22
Philip Morris
PM
$294B
$4.48M 0.35%
54,700
-200
-0.4% -$16.2K
DIS icon
23
Walt Disney
DIS
$180B
$4.46M 0.35%
55,700
-4,500
-7% -$349K
CMCSA icon
24
Comcast
CMCSA
$92.6B
$4.45M 0.35%
177,800
+1,800
+1% +$46.9K
SLB icon
25
SLB Ltd
SLB
$77.3B
$4.38M 0.34%
44,900
+600
+1% +$54.3K
1
2 3 4 5

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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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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2014 Portfolio in Review

As of Q1 2014, Municipal Employees' Retirement System of Michigan held 1,672 positions worth $1.29B, up 31% from $982M the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $280M of net new capital in Q1 2014, opening 768 new positions and adding to 659 existing holdings. Its largest new stake was Meta Platforms (Facebook): 56,100 shares worth $3.38M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Bread Financial, an estimated $3.15M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2014 buy was Meta Platforms (Facebook): 56,100 shares worth $3.38M.
  • Municipal Employees' Retirement System of Michigan added most to Teradyne in Q1 2014, an estimated $899K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2014 reduction was Bread Financial, cutting an estimated $3.15M.
  • Municipal Employees' Retirement System of Michigan fully exited HEALTH MGMT ASSOC INC CL-A in Q1 2014, selling an estimated $934K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.9% of its $1.29B portfolio in Q1 2014.
  • Municipal Employees' Retirement System of Michigan opened 768 new positions and closed 5 in Q1 2014.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 31% quarter-over-quarter to $1.29B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2014, filed 13 May 2014.