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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 | |
|---|---|---|---|---|---|---|
301
StoneX
SNEX
$8.37B
| $1.79M | 0.09% |
240,064
+223,206
| +1,324% | +$1.6M |
|
|
YELL
302
DELISTED
Yellow Corporation Common Stock
YELL
| $1.79M | 0.09% |
+160,640
| New | +$1.6M |
|
303
EPR Properties
EPR
$4.7B
| $1.78M | 0.09% |
24,730
-4,760
| -16% | -$347K |
|
304
Fidelity National Information Services
FIS
$21.6B
| $1.77M | 0.09% |
20,750
+10,160
| +96% | +$850K |
|
305
Capital One
COF
$136B
| $1.77M | 0.09% |
21,370
-1,620
| -7% | -$132K |
|
306
FNB Corp
FNB
$6.86B
| $1.77M | 0.09% |
124,720
-23,790
| -16% | -$335K |
|
307
Ezcorp Inc
EZPW
$1.78B
| $1.76M | 0.09% |
228,870
+217,890
| +1,984% | +$1.9M |
|
308
ConocoPhillips
COP
$153B
| $1.76M | 0.09% |
39,980
| – | – |
|
309
Equinix
EQIX
$105B
| $1.76M | 0.09% |
4,096
+1,790
| +78% | +$759K |
|
310
Ryder
R
$10.1B
| $1.76M | 0.09% |
24,420
+18,970
| +348% | +$1.31M |
|
|
REGI
311
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.75M | 0.09% |
+135,230
| New | +$1.52M |
|
312
Teledyne Technologies
TDY
$31.8B
| $1.74M | 0.09% |
13,620
-2,570
| -16% | -$333K |
|
|
ESRX
313
DELISTED
Express Scripts Holding Company
ESRX
| $1.74M | 0.09% |
27,230
-2,840
| -9% | -$178K |
|
314
AGCO
AGCO
$7.11B
| $1.74M | 0.09% |
25,760
-5,270
| -17% | -$337K |
|
|
CY
315
DELISTED
Cypress Semiconductor
CY
| $1.74M | 0.09% |
127,160
-21,680
| -15% | -$295K |
|
316
Eagle Materials
EXP
$6.47B
| $1.73M | 0.09% |
18,740
-3,610
| -16% | -$347K |
|
317
Sabre
SABR
$831M
| $1.73M | 0.09% |
+79,430
| New | +$1.81M |
|
318
Prosperity Bancshares
PB
$8.95B
| $1.72M | 0.09% |
26,820
-5,380
| -17% | -$355K |
|
319
Exelon
EXC
$46.6B
| $1.72M | 0.09% |
66,917
+25,151
| +60% | +$640K |
|
320
Prologis
PLD
$134B
| $1.72M | 0.09% |
29,350
-3,160
| -10% | -$176K |
|
321
Sempra
SRE
$56.2B
| $1.72M | 0.09% |
30,520
-2,260
| -7% | -$128K |
|
322
Delta Air Lines
DAL
$59.1B
| $1.72M | 0.09% |
31,970
+7,920
| +33% | +$388K |
|
323
Bio-Techne
TECH
$11.3B
| $1.69M | 0.08% |
57,640
-11,520
| -17% | -$315K |
|
|
CTLT
324
DELISTED
CATALENT, INC.
CTLT
| $1.69M | 0.08% |
48,230
-9,580
| -17% | -$315K |
|
|
PRXL
325
DELISTED
Parexel International Corp
PRXL
| $1.69M | 0.08% |
19,400
-5,280
| -21% | -$394K |
|
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SFM
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PEA
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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.