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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
(-5.1%)
Cap. Flow
-$140M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
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 |
Stewart Information Services
STC
|
+$3.43M |
| 3 |
Boeing
BA
|
+$2.82M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$2.82M |
| 5 |
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 |
Alexandria Real Estate Equities
ARE
|
+$4.45M |
| 4 |
ANSS
Ansys
ANSS
|
+$4.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
276
HF Sinclair
DINO
$15.6B
| $1.88M | 0.09% |
68,460
-13,010
| -16% | -$347K |
|
277
Pool Corp
POOL
$7.25B
| $1.88M | 0.09% |
15,960
-3,200
| -17% | -$384K |
|
|
DHC
278
Diversified Healthcare Trust
DHC
$2.02B
| $1.87M | 0.09% |
91,690
-18,390
| -17% | -$392K |
|
279
Valvoline
VVV
$4.25B
| $1.87M | 0.09% |
+78,937
| New | +$1.83M |
|
|
VVC
280
DELISTED
Vectren Corporation
VVC
| $1.87M | 0.09% |
32,020
-6,380
| -17% | -$383K |
|
281
Charles River Laboratories
CRL
$13.6B
| $1.86M | 0.09% |
18,390
-3,540
| -16% | -$326K |
|
282
Webster Financial
WBS
$12.8B
| $1.86M | 0.09% |
35,590
-6,920
| -16% | -$350K |
|
283
Baxter International
BAX
$13.9B
| $1.85M | 0.09% |
30,610
-6,410
| -17% | -$364K |
|
|
EGN
284
DELISTED
Energen
EGN
| $1.85M | 0.09% |
37,470
-7,520
| -17% | -$401K |
|
285
Old Republic International
ORI
$10.3B
| $1.85M | 0.09% |
94,620
-18,550
| -16% | -$370K |
|
|
SVC
286
Service Properties Trust
SVC
$1.1B
| $1.85M | 0.09% |
12,682
-2,542
| -17% | -$388K |
|
287
National Fuel Gas
NFG
$7.77B
| $1.84M | 0.09% |
32,970
-6,500
| -16% | -$366K |
|
|
AOI
288
DELISTED
Alliance One International
AOI
| $1.84M | 0.09% |
+127,870
| New | +$1.64M |
|
|
HRC
289
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $1.84M | 0.09% |
23,100
-4,610
| -17% | -$348K |
|
290
Central Garden & Pet Co Class A
CENTA
$2.43B
| $1.83M | 0.09% |
76,150
-15,563
| -17% | -$398K |
|
|
HLTH
291
DELISTED
Nobilis Health Corp.
HLTH
| $1.83M | 0.09% |
961,980
| – | – |
|
292
Teradata
TDC
$2.49B
| $1.82M | 0.09% |
61,850
+57,730
| +1,401% | +$1.69M |
|
293
Bio-Rad Laboratories Class A
BIO
$9.68B
| $1.82M | 0.09% |
8,040
-1,580
| -16% | -$344K |
|
294
American Tower
AMT
$79.4B
| $1.82M | 0.09% |
13,740
| – | – |
|
295
Watsco Inc
WSO
$12.8B
| $1.81M | 0.09% |
11,730
-2,330
| -17% | -$333K |
|
|
MPT
296
Medical Properties Trust
MPT
$2.42B
| $1.81M | 0.09% |
140,500
-7,910
| -5% | -$105K |
|
297
ArcBest
ARCB
$3.14B
| $1.8M | 0.09% |
87,350
+81,920
| +1,509% | +$1.78M |
|
298
Live Nation Entertainment
LYV
$43.2B
| $1.8M | 0.09% |
51,560
-9,720
| -16% | -$326K |
|
299
American International
AIG
$39.8B
| $1.8M | 0.09% |
28,720
-2,770
| -9% | -$172K |
|
|
THS
300
DELISTED
Treehouse Foods
THS
| $1.8M | 0.09% |
21,980
-4,310
| -16% | -$353K |
|
Similar funds
VAS
SFM
AI
HI
PEA
SUT
MU
WPL
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.