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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
+2.38%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.01B
AUM Growth
-$109M
Cap. Flow
-$140M
Cap. Flow %
-6.96%
Top 10 Hldgs %
7.76%
Holding
1,778
New
98
Increased
613
Reduced
720
Closed
101

Top Buys

Rank Stock Value
1
RMP
Rice Midstream Partners LP
RMP
+$3.8M
2
STC icon
Stewart Information Services
STC
+$3.43M
3
BA icon
Boeing
BA
+$2.82M
4
RAI
Reynolds American Inc
RAI
+$2.82M
5
CHTR icon
Charter Communications
CHTR
+$2.77M

Top Sells

Rank Stock Value
1
WWAV
The WhiteWave Foods Company
WWAV
+$4.61M
2
CSC
Computer Sciences
CSC
+$4.5M
3
ARE icon
Alexandria Real Estate Equities
ARE
+$4.45M
4
ANSS
Ansys
ANSS
+$4.4M
5
ALGN icon
Align Technology
ALGN
+$4.37M

Sector Composition

Rank Sector Weight
1 Financials 15.68%
2 Industrials 13.88%
3 Technology 13.58%
4 Healthcare 11.48%
5 Consumer Discretionary 10.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
226
PG&E
PCG
$38.3B
$2.13M 0.11%
32,170
+15,850
+97% +$1.07M
LOGM
227
DELISTED
LogMein, Inc.
LOGM
$2.13M 0.11%
20,340
-4,579
-18% -$501K
GNTX icon
228
Gentex
GNTX
$4.93B
$2.1M 0.1%
110,890
-21,880
-16% -$426K
IPGP icon
229
IPG Photonics
IPGP
$3.71B
$2.1M 0.1%
14,500
-2,730
-16% -$366K
ENVA icon
230
Enova International
ENVA
$6.48B
$2.1M 0.1%
141,430
+128,360
+982% +$1.82M
EV
231
DELISTED
Eaton Vance Corp.
EV
$2.1M 0.1%
44,380
-8,180
-16% -$372K
AXP icon
232
American Express
AXP
$232B
$2.1M 0.1%
24,910
– –
ATR icon
233
AptarGroup
ATR
$8.47B
$2.09M 0.1%
24,100
-4,950
-17% -$407K
SNV
234
DELISTED
Synovus
SNV
$2.09M 0.1%
47,210
-9,470
-17% -$398K
MSCC
235
DELISTED
Microsemi Corp
MSCC
$2.09M 0.1%
44,570
-8,560
-16% -$419K
PII icon
236
Polaris
PII
$3.9B
$2.08M 0.1%
22,610
-5,000
-18% -$429K
NFLX icon
237
Netflix
NFLX
$309B
$2.07M 0.1%
138,500
-12,300
-8% -$189K
CFR icon
238
Cullen/Frost Bankers
CFR
$10.4B
$2.06M 0.1%
21,970
-4,000
-15% -$369K
JBL icon
239
Jabil
JBL
$38.4B
$2.05M 0.1%
70,360
-15,640
-18% -$460K
RS icon
240
Reliance Steel & Aluminium
RS
$21.8B
$2.05M 0.1%
28,130
-5,500
-16% -$412K
ZBRA icon
241
Zebra Technologies
ZBRA
$17.9B
$2.05M 0.1%
20,370
-4,090
-17% -$405K
CAT icon
242
Caterpillar
CAT
$393B
$2.03M 0.1%
18,880
– –
ARRS
243
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$2.03M 0.1%
72,420
-15,940
-18% -$438K
GM icon
244
General Motors
GM
$76.1B
$2.03M 0.1%
58,070
-9,580
-14% -$325K
TEL icon
245
TE Connectivity
TEL
$62B
$2.02M 0.1%
25,690
+14,300
+126% +$1.09M
HIW icon
246
Highwoods Properties
HIW
$3.46B
$2M 0.1%
39,380
-7,060
-15% -$360K
BRCD
247
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$2M 0.1%
158,280
-28,160
-15% -$355K
OSK icon
248
Oshkosh
OSK
$9.61B
$1.99M 0.1%
28,870
-5,640
-16% -$380K
POST icon
249
Post Holdings
POST
$3.65B
$1.99M 0.1%
39,086
-6,861
-15% -$370K
MDU icon
250
MDU Resources
MDU
$4.32B
$1.98M 0.1%
198,267
-39,764
-17% -$407K
8 9
10
11 12

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
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 Q2 2017 Portfolio in Review

As of Q2 2017, Municipal Employees' Retirement System of Michigan held 1,778 positions worth $2.01B, down 5.1% from $2.12B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $140M in Q2 2017, closing 101 positions and reducing 720 holdings. Its most notable exit was The WhiteWave Foods Company, an estimated $4.61M position sold in full.

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

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Rice Midstream Partners LP worth $3.16M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2017 buy was Rice Midstream Partners LP: 158,490 shares worth $3.16M.
  • Municipal Employees' Retirement System of Michigan added most to Stewart Information Services in Q2 2017, an estimated $3.43M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2017 reduction was Alexandria Real Estate Equities, cutting an estimated $4.45M.
  • Municipal Employees' Retirement System of Michigan fully exited The WhiteWave Foods Company in Q2 2017, selling an estimated $4.61M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.8% of its $2.01B portfolio in Q2 2017.
  • Municipal Employees' Retirement System of Michigan opened 98 new positions and closed 101 in Q2 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 5.1% quarter-over-quarter to $2.01B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2017, filed 26 Jul 2017.