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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
DAR icon
351
Darling Ingredients
DAR
$10.3B
$1.41M 0.07%
80,690
+22,920
+40% +$388K
NKTR icon
352
Nektar Therapeutics
NKTR
$2.58B
$1.41M 0.07%
3,923
+1,479
+61% +$463K
MUR icon
353
Murphy Oil
MUR
$4.99B
$1.41M 0.07%
52,950
+43,890
+484% +$1.1M
DHC
354
Diversified Healthcare Trust
DHC
$2.02B
$1.41M 0.07%
71,850
-19,840
-22% -$387K
XEL icon
355
Xcel Energy
XEL
$49.3B
$1.4M 0.07%
29,520
-3,180
-10% -$153K
CW icon
356
Curtiss-Wright
CW
$25.7B
$1.4M 0.07%
13,350
-3,600
-21% -$349K
AOI
357
DELISTED
Alliance One International
AOI
$1.39M 0.07%
127,870
– –
CMI icon
358
Cummins
CMI
$87.6B
$1.39M 0.07%
8,290
-880
-10% -$142K
EVR icon
359
Evercore
EVR
$11.7B
$1.39M 0.07%
17,330
+5,070
+41% +$381K
JBSS icon
360
John B. Sanfilippo & Son
JBSS
$1.01B
$1.39M 0.07%
20,640
+1,210
+6% +$77.6K
ROST icon
361
Ross Stores
ROST
$78.2B
$1.39M 0.07%
21,490
-2,720
-11% -$157K
SXC icon
362
SunCoke Energy
SXC
$783M
$1.39M 0.07%
151,640
+8,990
+6% +$84.5K
EHC icon
363
Encompass Health
EHC
$12.2B
$1.38M 0.07%
37,534
-5,920
-14% -$211K
WPX
364
DELISTED
WPX Energy, Inc.
WPX
$1.38M 0.07%
120,330
-33,150
-22% -$339K
ES icon
365
Eversource Energy
ES
$27.1B
$1.38M 0.07%
22,870
-2,050
-8% -$126K
PB icon
366
Prosperity Bancshares
PB
$8.95B
$1.38M 0.07%
21,020
-5,800
-22% -$363K
MDSO
367
DELISTED
Medidata Solutions, Inc.
MDSO
$1.38M 0.07%
17,690
+4,590
+35% +$349K
EBAY icon
368
eBay
EBAY
$46.2B
$1.38M 0.07%
35,850
-7,790
-18% -$283K
VYX icon
369
NCR Voyix
VYX
$1.13B
$1.38M 0.07%
59,903
-17,408
-23% -$400K
GWR
370
DELISTED
Genesee & Wyoming Inc.
GWR
$1.38M 0.07%
18,610
-5,140
-22% -$352K
LYB icon
371
LyondellBasell Industries
LYB
$20.2B
$1.37M 0.07%
13,860
-2,480
-15% -$223K
FNB icon
372
FNB Corp
FNB
$6.89B
$1.37M 0.07%
97,760
-26,960
-22% -$360K
ALG icon
373
Alamo Group
ALG
$2.01B
$1.37M 0.07%
12,760
+1,320
+12% +$124K
TTEK icon
374
Tetra Tech
TTEK
$9.15B
$1.37M 0.07%
147,050
+39,600
+37% +$348K
TECH icon
375
Bio-Techne
TECH
$11.3B
$1.36M 0.07%
45,160
-12,480
-22% -$370K
13 14
15
16 17

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VAS
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SFM
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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
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SUT
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MU
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WPL
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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.