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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
MTD icon
301
Mettler-Toledo International
MTD
$28.5B
$1.55M 0.08%
2,470
-190
-7% -$114K
UTHR icon
302
United Therapeutics
UTHR
$21.7B
$1.54M 0.08%
13,140
-4,250
-24% -$543K
A icon
303
Agilent Technologies
A
$41.9B
$1.54M 0.08%
23,960
-2,150
-8% -$134K
MDU icon
304
MDU Resources
MDU
$4.31B
$1.53M 0.08%
155,347
-42,920
-22% -$428K
ARRS
305
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.52M 0.08%
53,390
-19,030
-26% -$527K
DUK icon
306
Duke Energy
DUK
$96.9B
$1.52M 0.08%
18,080
-4,770
-21% -$408K
SON icon
307
Sonoco
SON
$5.76B
$1.52M 0.08%
30,060
-8,300
-22% -$409K
AMT icon
308
American Tower
AMT
$80.9B
$1.52M 0.08%
11,090
-2,650
-19% -$369K
IP icon
309
International Paper
IP
$21.8B
$1.51M 0.08%
28,079
-2,608
-8% -$137K
CY
310
DELISTED
Cypress Semiconductor
CY
$1.51M 0.08%
100,560
-26,600
-21% -$372K
CTLT
311
DELISTED
CATALENT, INC.
CTLT
$1.51M 0.08%
37,790
-10,440
-22% -$387K
BC icon
312
Brunswick
BC
$5.28B
$1.5M 0.08%
26,830
-7,640
-22% -$429K
SLM icon
313
SLM Corp
SLM
$5.19B
$1.5M 0.08%
130,520
-35,860
-22% -$389K
BRCD
314
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$1.5M 0.08%
125,140
-33,140
-21% -$410K
PNFP icon
315
Pinnacle Financial Partners Inc
PNFP
$16.2B
$1.49M 0.08%
22,310
+4,230
+23% +$267K
LNTH icon
316
Lantheus
LNTH
$6.59B
$1.49M 0.08%
83,860
+77,780
+1,279% +$1.37M
PFG icon
317
Principal Financial Group
PFG
$24.5B
$1.49M 0.08%
23,170
-1,630
-7% -$105K
EXPD icon
318
Expeditors International
EXPD
$24.1B
$1.49M 0.08%
24,880
-1,110
-4% -$63.6K
DTE icon
319
DTE Energy
DTE
$28.9B
$1.49M 0.08%
16,286
-1,363
-8% -$126K
ANGO icon
320
AngioDynamics
ANGO
$648M
$1.49M 0.08%
86,980
+78,820
+966% +$1.32M
CTSH icon
321
Cognizant
CTSH
$26.1B
$1.48M 0.08%
20,410
-4,320
-17% -$303K
WSO icon
322
Watsco Inc
WSO
$13B
$1.48M 0.08%
9,190
-2,540
-22% -$384K
HRC
323
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.48M 0.08%
19,930
-3,170
-14% -$244K
ZEUS
324
DELISTED
Olympic Steel
ZEUS
$1.47M 0.08%
66,950
+1,390
+2% +$25.5K
AGCO icon
325
AGCO
AGCO
$6.98B
$1.47M 0.08%
19,940
-5,820
-23% -$408K
11 12
13
14 15

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VAS
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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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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.