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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
+4.8%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.89B
AUM Growth
-$120M
Cap. Flow
-$187M
Cap. Flow %
-9.87%
Top 10 Hldgs %
7.19%
Holding
1,702
New
25
Increased
615
Reduced
884
Closed
22

Top Buys

Rank Stock Value
1
HEP
Holly Energy Partners, L.P.
HEP
+$2.88M
2
DM
Dominion Energy Midstream Ptr LP
DM
+$2.77M
3
DD icon
DuPont de Nemours
DD
+$1.59M
4
KNX icon
Knight Transportation
KNX
+$1.46M
5
BTI icon
British American Tobacco
BTI
+$1.46M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$5.71M
2
RAI
Reynolds American Inc
RAI
+$4.54M
3
PMC
PharMerica Corporation
PMC
+$3.97M
4
RMD icon
ResMed
RMD
+$3.91M
5
MSFT icon
Microsoft
MSFT
+$3.88M

Sector Composition

Rank Sector Weight
1 Financials 15.82%
2 Industrials 14.57%
3 Technology 13.4%
4 Healthcare 11.44%
5 Consumer Discretionary 9.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTNT icon
276
Fortinet
FTNT
$120B
$1.64M 0.09%
228,600
-59,750
-21% -$454K
ATR icon
277
AptarGroup
ATR
$8.42B
$1.64M 0.09%
18,970
-5,130
-21% -$436K
DCT
278
DELISTED
DCT Industrial Trust Inc.
DCT
$1.63M 0.09%
28,150
-7,330
-21% -$416K
CONE
279
DELISTED
CyrusOne Inc Common Stock
CONE
$1.63M 0.09%
27,610
-2,530
-8% -$151K
HIW icon
280
Highwoods Properties
HIW
$3.5B
$1.63M 0.09%
31,220
-8,160
-21% -$417K
ULTI
281
DELISTED
Ultimate Software Group Inc
ULTI
$1.63M 0.09%
8,570
-2,900
-25% -$585K
EXC icon
282
Exelon
EXC
$46.8B
$1.61M 0.09%
59,921
-6,996
-10% -$187K
EGN
283
DELISTED
Energen
EGN
$1.61M 0.09%
29,400
-8,070
-22% -$411K
WTW icon
284
Willis Towers Watson
WTW
$31B
$1.6M 0.08%
10,410
-690
-6% -$103K
KNX icon
285
Knight Transportation
KNX
$11.9B
$1.6M 0.08%
+38,610
New +$1.46M
SANM icon
286
Sanmina
SANM
$11.3B
$1.6M 0.08%
43,140
+10,490
+32% +$392K
IART icon
287
Integra LifeSciences
IART
$1.43B
$1.6M 0.08%
31,700
+9,500
+43% +$488K
EQIX icon
288
Equinix
EQIX
$106B
$1.59M 0.08%
3,566
-530
-13% -$237K
MDLZ icon
289
Mondelez International
MDLZ
$80.9B
$1.58M 0.08%
38,950
-10,880
-22% -$462K
COP icon
290
ConocoPhillips
COP
$150B
$1.57M 0.08%
31,440
-8,540
-21% -$384K
SRE icon
291
Sempra
SRE
$56.5B
$1.57M 0.08%
27,460
-3,060
-10% -$177K
ATVI
292
DELISTED
Activision Blizzard
ATVI
$1.57M 0.08%
24,280
-2,560
-10% -$160K
EXP icon
293
Eagle Materials
EXP
$6.46B
$1.56M 0.08%
14,670
-4,070
-22% -$388K
CBSH icon
294
Commerce Bancshares
CBSH
$8.6B
$1.56M 0.08%
41,953
-10,378
-20% -$377K
ELMD icon
295
Electromed
ELMD
$357M
$1.56M 0.08%
213,630
– –
CRL icon
296
Charles River Laboratories
CRL
$13.6B
$1.55M 0.08%
14,390
-4,000
-22% -$411K
COF icon
297
Capital One
COF
$136B
$1.55M 0.08%
18,310
-3,060
-14% -$252K
JBL icon
298
Jabil
JBL
$39.2B
$1.55M 0.08%
54,210
-16,150
-23% -$488K
SYY icon
299
Sysco
SYY
$40.4B
$1.55M 0.08%
28,700
-3,830
-12% -$199K
OFG icon
300
OFG Bancorp
OFG
$2.26B
$1.55M 0.08%
169,060
+6,100
+4% +$58.1K
10 11
12
13 14

Similar funds

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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q3 2017 Portfolio in Review

As of Q3 2017, Municipal Employees' Retirement System of Michigan held 1,702 positions worth $1.89B, down 6% from $2.01B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $187M in Q3 2017, closing 22 positions and reducing 884 holdings. Its most notable exit was Reynolds American Inc, an estimated $4.54M 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 Holly Energy Partners, L.P. worth $2.89M.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2017 buy was Holly Energy Partners, L.P.: 86,570 shares worth $2.89M.
  • Municipal Employees' Retirement System of Michigan added most to DuPont de Nemours in Q3 2017, an estimated $1.59M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2017 reduction was Apple, cutting an estimated $5.71M.
  • Municipal Employees' Retirement System of Michigan fully exited Reynolds American Inc in Q3 2017, selling an estimated $4.54M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.2% of its $1.89B portfolio in Q3 2017.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 22 in Q3 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 6% quarter-over-quarter to $1.89B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2017, filed 6 Nov 2017.