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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
AEIS icon
401
Advanced Energy
AEIS
$13.5B
$1.31M 0.07%
16,280
+5,650
+53% +$410K
FUL icon
402
H.B. Fuller
FUL
$3.23B
$1.31M 0.07%
22,540
+7,020
+45% +$367K
CTAS icon
403
Cintas
CTAS
$80.4B
$1.31M 0.07%
36,200
-2,040
-5% -$67.9K
CCL icon
404
Carnival Corporation Ltd
CCL
$39.1B
$1.3M 0.07%
20,210
-3,300
-14% -$221K
WGL
405
DELISTED
Wgl Holdings
WGL
$1.3M 0.07%
15,490
-4,280
-22% -$361K
FICO icon
406
Fair Isaac
FICO
$23.3B
$1.3M 0.07%
9,260
-2,690
-23% -$377K
DNB
407
DELISTED
Dun & Bradstreet
DNB
$1.3M 0.07%
11,180
-3,060
-21% -$340K
UMPQ
408
DELISTED
Umpqua Holdings Corp
UMPQ
$1.3M 0.07%
66,600
-18,480
-22% -$337K
WWD icon
409
Woodward
WWD
$21.3B
$1.29M 0.07%
16,690
-4,360
-21% -$307K
KMI icon
410
Kinder Morgan
KMI
$71.7B
$1.29M 0.07%
67,470
-12,350
-15% -$241K
SPG icon
411
Simon Property Group
SPG
$71.8B
$1.29M 0.07%
8,030
-2,110
-21% -$337K
HAIN icon
412
Hain Celestial
HAIN
$54.9M
$1.29M 0.07%
31,360
-8,570
-21% -$354K
TCBI icon
413
Texas Capital Bancshares
TCBI
$4.39B
$1.29M 0.07%
15,000
-4,130
-22% -$321K
BCO icon
414
Brink's
BCO
$4.7B
$1.29M 0.07%
15,270
+4,550
+42% +$346K
CSX icon
415
CSX Corp
CSX
$93.3B
$1.28M 0.07%
70,770
-20,220
-22% -$347K
CA
416
DELISTED
CA, Inc.
CA
$1.28M 0.07%
38,350
-1,840
-5% -$60.9K
AIT icon
417
Applied Industrial Technologies
AIT
$13.2B
$1.28M 0.07%
19,440
+5,450
+39% +$316K
BBBY
418
DELISTED
Bed Bath & Beyond Inc
BBBY
$1.28M 0.07%
54,500
+38,730
+246% +$1.09M
CNP icon
419
CenterPoint Energy
CNP
$26.7B
$1.28M 0.07%
43,750
-2,620
-6% -$75.6K
VSM
420
DELISTED
Versum Materials, Inc.
VSM
$1.28M 0.07%
32,910
-9,040
-22% -$323K
BLKB icon
421
Blackbaud
BLKB
$2.04B
$1.28M 0.07%
14,540
+3,190
+28% +$275K
VLGEA icon
422
Village Super Market
VLGEA
$635M
$1.28M 0.07%
51,590
– –
ALLE icon
423
Allegion
ALLE
$14.1B
$1.27M 0.07%
14,660
-600
-4% -$48.5K
OXY icon
424
Occidental Petroleum
OXY
$57.7B
$1.27M 0.07%
19,750
-4,910
-20% -$299K
CASY icon
425
Casey's General Stores
CASY
$31.5B
$1.27M 0.07%
11,570
-3,550
-23% -$378K
15 16
17
18 19

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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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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.