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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
EPC icon
326
Edgewell Personal Care
EPC
$1.32B
$1.69M 0.08%
22,160
-4,680
-17% -$344K
EOG icon
327
EOG Resources
EOG
$75.1B
$1.68M 0.08%
18,600
– –
CONE
328
DELISTED
CyrusOne Inc Common Stock
CONE
$1.68M 0.08%
30,140
-4,300
-12% -$238K
IMH
329
DELISTED
Impac Mortgage Holdings Inc.
IMH
$1.68M 0.08%
110,840
+73,160
+194% +$1.09M
EHC icon
330
Encompass Health
EHC
$12.3B
$1.67M 0.08%
43,454
-8,850
-17% -$324K
SCHW
331
Charles Schwab
SCHW
$189B
$1.67M 0.08%
38,930
– –
FICO icon
332
Fair Isaac
FICO
$22.6B
$1.67M 0.08%
11,950
-2,390
-17% -$319K
IDA icon
333
Idacorp
IDA
$8.21B
$1.66M 0.08%
19,450
-3,910
-17% -$335K
DHR icon
334
Danaher
DHR
$145B
$1.66M 0.08%
22,154
– –
CSX icon
335
CSX Corp
CSX
$92.8B
$1.66M 0.08%
90,990
– –
NATI
336
DELISTED
National Instruments Corp
NATI
$1.65M 0.08%
41,020
-7,970
-16% -$290K
WGL
337
DELISTED
Wgl Holdings
WGL
$1.65M 0.08%
19,770
-3,810
-16% -$316K
RYZ
338
Ryerson Holding Corp
RYZ
$1.5B
$1.65M 0.08%
+166,500
New +$1.77M
CRI icon
339
Carter's
CRI
$1.43B
$1.65M 0.08%
18,500
-4,380
-19% -$385K
TRN icon
340
Trinity Industries
TRN
$2.3B
$1.65M 0.08%
81,590
-16,418
-17% -$315K
IP icon
341
International Paper
IP
$21.8B
$1.65M 0.08%
30,687
+5,354
+21% +$271K
NEU icon
342
NewMarket
NEU
$8.59B
$1.64M 0.08%
3,570
-710
-17% -$328K
AET
343
DELISTED
Aetna Inc
AET
$1.64M 0.08%
10,830
-3,490
-24% -$493K
CTSH icon
344
Cognizant
CTSH
$26.2B
$1.64M 0.08%
24,730
+5,150
+26% +$327K
WTFC icon
345
Wintrust Financial
WTFC
$11B
$1.64M 0.08%
21,480
+9,680
+82% +$693K
SPG icon
346
Simon Property Group
SPG
$71.4B
$1.64M 0.08%
10,140
– –
SYY icon
347
Sysco
SYY
$40.5B
$1.64M 0.08%
32,530
-4,370
-12% -$233K
ACET
348
DELISTED
Aceto Corp
ACET
$1.63M 0.08%
105,600
+98,880
+1,471% +$1.48M
OFG icon
349
OFG Bancorp
OFG
$2.23B
$1.63M 0.08%
162,960
+152,940
+1,526% +$1.61M
BMS
350
DELISTED
Bemis
BMS
$1.63M 0.08%
35,200
-8,230
-19% -$379K
12 13
14
15 16

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VAS
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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
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MU
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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.